Equipment Finance
Are you looking to upgrade your business resources?
Finance Your Business Equipment
If your business is looking for greater operational flexibility, or the latest technology to stay ahead, MoneyQuest has the knowledge you need.
Equipment finance allows you to acquire assets without depleting your working capital. This popular financing option is ideal for businesses looking to optimise their cash flow management.
There are many finance options available, including hire purchases, equipment leasing and loan options.
Hire purchase is suited for businesses that eventually want to own the assets outright, even though the finance provider retains ownership until the contract is fully paid. Typically, no deposit is required.
An equipment finance lease is similar to a hire purchase, but instead of aiming for ownership, businesses renegotiate at the end of the lease term to either continue leasing the same equipment or switch to leasing newer items. This allows businesses to access the latest equipment without continually depleting capital.
An equipment loan, also known as a chattel mortgage, which is a fixed interest loan secured by a mortgage over the asset. This arrangement offers tax advantages, such as not paying GST on loan repayments.
Whether you need a new vehicle or specialised equipment, MoneyQuest can help your business buy, lease or hire – at the most competitive rates.
Reach out to one of our brokers to schedule a consultation and discuss your equipment finance aspirations today.
We’ll ensure you fund your new asset affordably, without straining your working capital and cash flow. We’ll also help you answer these important questions:
- Should your business buy, lease or hire the new equipment?
- What repayment terms will best suit your cash flow and budget?
- What servicing and disposal costs need to be considered?
- How should your finance be structured over the life expectancy of the asset?
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The Money Quest Group (MQG) is one of Australia's leading boutique mortgage broking businesses, with a network of more than 600 brokers nationwide. Known for their exuberant culture and superior support, MQG provides brokers access to a range of financial products from more than 60 lending institutions and suppliers, and exclusive access to in-house benefits and services.
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