Asset Finance Australia

Tradie Buying a Work Vehicle

Your work vehicle is a business-critical asset. We help tradies and sole traders compare rates across lenders who understand business vehicle finance — and structure the loan as a chattel mortgage so you can claim GST upfront and depreciation annually.

Construction & Civil Equipment

Heavy plant and construction equipment is expensive to purchase outright. Asset finance spreads the cost over the asset's working life, preserving working capital for day-to-day operations. We identify lenders with strong appetite for construction and civil assets.

Medical & Dental Practice

Medical practices routinely finance equipment upgrades through asset finance. Specialist lenders offer preferential terms for accredited medical and dental professionals — we know which lenders offer the best products for your practice type.

Agriculture & Farming

Agricultural equipment is often financed over longer terms to match seasonal cash flows. We work with lenders who understand farming cycles and can structure repayments around your harvest or production seasons.

Technology & Fit-Out

Technology and fit-out assets depreciate quickly but are essential for business operations. Finance lease structures allow you to upgrade equipment at lease end — ideal for businesses that need to stay current with technology or retail presentation.

Refinancing Existing Equipment

Already financing assets at a higher rate? Refinancing equipment debt can reduce monthly payments, reset a balloon payment, or release equity in owned assets. We compare your current finance against the market and model the saving.

You own the asset from settlement. The lender takes a mortgage over it as security. You claim GST on the purchase price in your next BAS and depreciate the asset annually. The most common structure for business vehicles and plant.

The lender owns the asset and leases it to you for an agreed term. Lease payments are generally fully tax-deductible. At lease end you can purchase at the residual, extend or return. Ideal for assets where regular upgrades are important.

You use the asset during the hire period and own it outright when the final payment is made. Similar to chattel mortgage but title transfers at the end rather than the beginning. Available for business and some personal-use assets.

What is asset finance and what can it be used for?

Asset finance is a lending product that allows businesses and sole traders to acquire vehicles, equipment or machinery by spreading the cost over time rather than paying upfront. It can be used for business cars, vans and trucks, trade and construction equipment, medical and dental equipment, agricultural machinery, technology hardware, and fit-out assets. The asset itself typically serves as security for the loan, which means asset finance is often easier to access than unsecured business lending.

What is the difference between a chattel mortgage and a finance lease?

With a chattel mortgage, the business owns the asset from day one and the lender takes a security interest (mortgage) over it until the loan is repaid. GST on the purchase price is claimable upfront and interest is tax-deductible. With a finance lease, the lender owns the asset and the business leases it for an agreed term, making regular payments. At the end of the lease, the business can purchase the asset at a residual value, extend the lease, or return it. Each structure has different GST, depreciation and tax implications — your accountant can advise which suits your business best.

Can I claim tax deductions on asset finance?

Yes — asset finance used for business purposes generally attracts tax deductions, but the nature of those deductions depends on the finance structure. Under a chattel mortgage, you can typically claim depreciation on the asset and interest on the loan. Under a finance lease, the lease payments are generally deductible. The ATO's instant asset write-off provisions may also apply for eligible assets. Always confirm your specific entitlements with your accountant, as deductibility depends on business use percentage and other factors.

Do I need a deposit for asset finance?

Asset finance can often be arranged with no deposit, particularly for new assets from established dealers and for businesses with a strong financial profile. A deposit or trade-in reduces the amount financed and can improve your rate. Some lenders offer 100% finance on new assets. For used or older assets, lenders may require a deposit depending on the asset's age and condition. A balloon payment (residual) at the end of the term can also reduce monthly repayments, though it means a lump sum is due at the end.

Can I get asset finance if my business is less than 2 years old?

Yes — some lenders offer asset finance to businesses with less than 2 years of trading history, including start-ups and new ABN holders. These lenders typically assess the borrower's personal credit history, the value of the asset and whether the business has a viable income stream. Rates may be higher for newer businesses, and a deposit may be required. A broker can identify which lenders are most open to early-stage businesses and structure the application to give it the best chance of approval.