Business Equipment Financing
Flexible finance solutions for vehicles, machinery, tools & technology
When it comes to purchasing new business equipment, it’s easy to accept the first finance option offered — often through a supplier or dealer. But what’s convenient isn’t always the most cost-effective.
At My Finance Consultants, we compare over 20 specialist equipment lenders, giving your business the flexibility to secure the right finance solution rather than a one-size-fits-all approach. Whether you’re upgrading machinery, investing in technology, or expanding capacity, the right structure can make a major difference to your cash flow and tax position.
We manage the entire process on your behalf — from preparing applications and negotiating with lenders to coordinating settlement and delivery. By speaking to us before you place your next order, you’ll know exactly what finance options are available and walk into negotiations with confidence.
Why Choose Us for Business Equipment Financing
Tailored finance solutions designed to match your cash flow and business goals.
Low-doc approvals often available for established ABN holders.
Competitive interest rates from both bank and non-bank lenders.
End-to-end support — applications, lender communication, and settlement.
Tax-efficient structures in collaboration with your accountant.
Our expertise lies in helping established businesses structure finance effectively. Many approvals can be achieved without extensive documentation such as tax returns or financial statements, saving you time and paperwork.
Types of Business Equipment Finance
Chattel Mortgage (Secured Equipment Loan)
Your business purchases the asset using funds from the lender, who takes security over the equipment. You own the asset from day one and can claim depreciation and interest expenses. Use our Chattel Mortgage Calculator to estimate repayments, compare balloon options, and plan your finance effectively.
Commercial Hire Purchase
The lender buys the equipment and you hire it over an agreed term. After the final residual payment, ownership transfers to you with clear title.
Finance Lease
You lease the asset for a set term with fixed payments. At the end of the term, you can make an offer to purchase or simply return the equipment.
Operating Lease
You rent the asset without ownership obligations. Maintenance and administration costs can be included for predictable budgeting — ideal for high-turnover assets like Truck Finance or Earthmoving Equipment Finance.
Benefits of Using Equipment Finance
Experienced business owners know the advantages of financing equipment rather than tying up capital:
Preserve working capital while generating new income from day one.
Fixed repayments for more accurate budgeting.
The equipment secures the loan — not your property.
Choose from multiple tax strategies depending on finance type.
Structure the term around the asset’s lifecycle to maximise value.
We’ll also work closely with your accountant to ensure your finance structure complements your tax strategy.
What Kind of Equipment Can Be Financed?
If the equipment will help your business earn income or operate more efficiently, it can likely be financed. We can arrange competitive finance for both new and used assets — whether purchased from a dealer, private seller, or auction.
Vehicles & Transport
Truck Finance, Van Finance, Bus Finance, Truck Trailer Finance, Tipper Truck Finance, Business Vehicle Finance, Business Vehicle Loan, Business Car Finance, Business Car Loan, Electric Vehicle Finance.
Construction & Industrial Machinery
Earthmoving Equipment Finance, Excavator Finance, Mini Excavator Finance, Bulldozer Finance, Concrete Pump Finance, Skid Steer Loader Finance, Telehandler Finance, Forklift Finance, Crane Finance.
Farming & Agricultural Equipment
Agricultural Machinery Finance, Farming Equipment Finance, Tractor Finance.
Medical, Dental & Veterinary Equipment
Medical Equipment Finance, Dental Equipment Finance, Veterinary Equipment Finance.
Manufacturing Technology & Office Equipment
IT Equipment Finance, CNC Machine Finance.
Hospitality, Fitness & Specialist Assets
Hospitality Equipment Finance, Gym Equipment Finance, Mining Equipment Finance, Helicopter Finance.
If it powers your business — we can finance it.
Plan and compare your repayments using our calculators:
Equipment Finance Calculator – Compare rates, terms, and repayment options for any asset.
Truck Finance Calculator – Tailor your truck or trailer repayments to your business cash flow.
Chattel Mortgage Calculator – Estimate repayments, residuals, and total loan costs.
Eligibility and Documentation
To access the widest range of lenders, your business should:
Hold an active ABN for at least 12–24 months.
Be registered for GST (in most cases).
Low-Doc Equipment Finance
For property-owning or long-trading businesses, approvals may be possible without tax returns — often using only BAS statements, ATO portals, or accountant declarations.
Full-Doc Equipment Finance
Where required, lenders may request:
Last two years’ business tax returns and financial statements.
Personal tax returns and ATO notices of assessment.
ATO Integrated Client Account and Integrated Tax Account.
Our team will advise which pathway is best suited to your profile and lender policies.
Rates, Terms and Repayments
Rates vary based on:
Equipment type, age, and value
Loan amount and term
Business trading history and documentation
Residual or balloon percentage
Factors That Affect Your Interest Rate
Your asset type, documentation level, and credit profile all influence pricing. Specialist lenders can offer flexible approvals when major banks can’t.
Balloon and Residual Options
Structure your repayments to include a balloon or residual value at the end of the term — ideal for preserving cash flow.
Early Repayment and Flexibility
We negotiate features such as early payout or extra repayment options, helping you reduce total interest over time.
Our Streamlined Process
Discovery Call
Discuss your business goals, equipment type requirements, and budget.
Compare 20+ Lenders
Identify your most competitive lending options.
Submit & Negotiate
We handle documentation and lender liaison.
Approval & Settlement
Fast turnaround and coordinated delivery.
Post-Settlement Review
Ensure your equipment loan stays competitive.
FAQs
How much can I borrow with an equipment loan?
There’s no strict maximum — lenders assess your business and the asset. We match you with lenders familiar with your industry.
How much deposit will I need to pay?
Often no deposit is required if you have strong credit and a solid trading history. Older or specialised assets may require a small contribution.
What happens if I default on a secured loan?
The lender may record a default and repossess the equipment under their registered security interest. Once repaid, the title becomes clear.
Can I sell my financed equipment?
Yes. The lender’s security must be cleared before transferring ownership. Dealers usually handle payouts directly.
How long must my business be operating?
Generally, lenders prefer 12–24 months ABN & GST registration, though some consider 1-day ABNs if you have relevant industry experience.
What are the tax implications?
Depending on the product, you may claim GST, depreciation, or interest deductions. Always confirm with your accountant.
Can you beat dealer finance?
Usually. Dealers offer one product; we compare over 20 lenders and tailor the loan structure, features, and flexibility.