When you’re looking to step up your operation, you need to deal with people who are on your wavelength who understand general equipment finance. That’s when you’ll find the Finlease team easy to relate to.
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No matter what industry you’re in, Finlease has the expert equipment finance solutions to get you ahead. Whether you’re thinking of buying or leasing new or second-hand equipment, from a dealer or a private sale, Finlease can advise on the right financing structures suited to your business, its needs and budget and look after your application from start to finish.
We offer a number of equipment finance solutions Australia-wide including: Civil equipment finance, Commercial equipment finance, Healthcare equipment finance, and Manufacturing equipment finance.
We’re different from other equipment finance companies. Our equipment finance brokers are specialists in the field, and uniquely understand the in’s and out’s of the industry; so much so, that we play an active role in the Civil Contractors Federation in many states. This helps us keep an active finger on the pulse on what’s going on, allowing us to provide the right equipment finance solutions for companies to scale up and grow.
We also have over 20 years of experience in the industry, $500 million worth of funds on loan annually and access to a pool of many leading Australian lenders. We know what it takes to present your equipment finance application in the best light and quickly gain approval so you can start getting your equipment up and running as soon as possible.
Branches in every state
$500 million worth of funds on loan annually
We have more clout and more connections
Access to 20 leading financiers
Our clients trust us as we go further. That means going beyond the traditional lenders in order to source a more competitive equipment finance option that better suits your needs and budget.
We also don’t keep bankers’ hours and are always happy to meet at your business or worksite at a time of your convenience to better understand your unique operation.
No waiting for banks or their long-winded excuses
We handle all the paperwork
Pre-approvals provided without obligation
You’ll be kept informed all the way
Equipment finance is the generic name for term loan facilities used to buy business assets. This could be motor vehicles, trucks, machinery, or any other equipment required by a business. Equipment finance can be used to purchase both new and used equipment, including items purchased as a private sale (not through a dealer).
In today’s environment, the majority of equipment finance is arranged through a loan known as a chattel mortgage. This is usually provided over a three to five-year term, with a fixed interest rate and fixed monthly repayment.
With the vast majority of equipment finance arrangements, the asset itself is the only dedicated security taken for the loan – although it generally also requires the personal guarantee of the business owner.
Businesses can either fully finance the asset or include an initial deposit to reduce the amount financed. They can also choose to fully pay off the asset over the term of the loan, or incorporate a residual (or balloon payment) where an asset has a longer effective life than the term of the loan.
Equipment finance is often a far better alternative for companies than paying cash or using other finance such as overdrafts or mortgage secured redraw facilities, which are best retained for working capital purposes.
Each of our team members have years of experience in all forms of equipment finance, so they not only understand business finance, they know your industry.
After a quick quote? The Finlease team can help. Fill out the form below and once submitted, a team member will be in touch shortly to discuss your requirements.
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