Machinery Finance

Machinery Finance for Australian Businesses

Machinery can be one of the largest investments your business makes.

At My Finance Consultants, we compare machinery finance across a broad range of bank and non-bank equipment lenders.

We help businesses finance new and used machinery with structures designed around the asset, cash flow and repayment requirements.

What Machinery Can Be Financed?

Finance is available for a broad range of eligible business and industrial machinery.

This can include manufacturing equipment, construction machinery, lifting equipment, production assets and specialised plant.

Both new and used machinery may be considered.

Dealer, private-sale and selected auction purchases can also be financed, subject to lender requirements.

The machine's age, condition, purchase price and resale market can affect the available finance terms.

Machinery Finance Options

Chattel Mortgage

A chattel mortgage is commonly used where your business wants to purchase and own the machinery.

The lender provides funds towards the purchase while registering security over the financed equipment.

Repayments are made over an agreed term.

Balloon Payments

Selected lenders allow a balloon payment to remain at the end of the finance term.

This can reduce regular repayments and help preserve working capital.

A larger balloon also leaves a larger final amount to repay or refinance.

We compare different repayment structures before you proceed.

Leasing Options

Selected machinery may also be financed through a commercial lease.

Leasing can suit businesses that regularly replace equipment or prefer different ownership arrangements.

The available term and end-of-lease options depend on the lender and asset.

Your accountant should confirm the tax treatment of the proposed finance structure.

New, Used & Specialised Machinery

Both new and used machinery can be financed.

Used equipment may be subject to maximum asset-age requirements, shorter loan terms or additional valuation requirements.

Specialised machinery can also attract different lender policies because the resale market may be narrower.

Private-sale and auction machinery can be financed with selected lenders.

Additional checks may be required to confirm ownership, serial numbers, specifications and equipment value.

Imported Machinery Finance

Selected lenders can finance machinery purchased from overseas suppliers.

Imported equipment can involve additional requirements around supplier verification, purchase contracts, freight and total landed cost.

The lender may also require evidence that the machinery can be registered, installed or legally operated in Australia where relevant.

We recommend reviewing the finance structure before committing to a large imported-equipment order.

What Lenders Consider

The lender will assess both your business and the machinery being financed.

This can include your trading history, existing liabilities, credit profile and ability to meet the proposed repayments.

The machinery's age, manufacturer, condition and resale value may also influence the lending decision.

Established businesses may qualify for streamlined documentation with selected lenders.

Larger or more specialised transactions may require financial statements, tax returns, valuations or additional equipment information.

Related Machinery Finance

For construction and civil equipment, explore Earthmoving Equipment Finance.

Manufacturing businesses can visit CNC Machine Finance.

For resources and heavy industry, explore Mining Equipment Finance.

We also provide Crane Finance and Agricultural Machinery Finance.

You can view our complete range of commercial asset-finance solutions at Business Equipment Financing.

Our Machinery Finance Process

Review Your Machinery Purchase

We discuss the equipment, supplier, purchase price and intended business use.

We also review your preferred finance term, contribution and repayment structure.

Compare Suitable Lenders

We compare lenders familiar with commercial and industrial machinery.

We assess rates, fees, documentation requirements, balloon options and asset policy.

Application & Approval

We prepare your finance application and coordinate the supporting documents required by the selected lender.

We then manage lender questions, valuations and approval requirements.

Settlement

Once approved, we coordinate settlement with the dealer or approved supplier.

This helps keep payment and equipment delivery progressing smoothly.

Frequently Asked Questions

Can I Finance Used Machinery?

Yes. Many lenders finance used business machinery, although age, condition and value can affect the available loan term.

Can I Finance Machinery From a Private Seller?

Yes. Selected lenders finance private-sale machinery.

Additional ownership and equipment verification may be required before settlement.

Can Imported Machinery Be Financed?

Yes. Selected lenders finance imported equipment.

Additional supplier, purchase and equipment documentation may be required.

Do I Need a Deposit?

Not always.

Some established businesses may qualify for finance covering the full eligible purchase price, while other transactions may require a contribution.

Can I Include a Balloon Payment?

Yes. Balloon payments are available with selected lenders.

A balloon can reduce regular repayments but leaves a larger balance payable at the end of the finance term.

Can I Finance Several Machines Together?

Yes. Multiple pieces of machinery can often be financed within the same application.

The lender will assess the combined purchase price and your business's ability to meet the repayments.