06 / SERVICES
VEHICLES, ASSETS
& EQUIPMENT
Cars, commercial vehicles, machinery and marine assets. Finance options considered around the purchase, repayment structure and intended use.
HOW IT WORKS
THE ASSET IS THE SECURITY.
Vehicle and equipment finance is commonly secured against the asset being purchased, although additional security or guarantees may apply. Depending on the asset and its intended use, options may include a chattel mortgage, lease or hire purchase. Dealer, private and auction purchases may be considered, with tax treatment discussed with your accountant.
GOOD TO KNOW
SECURED BY THE ASSET
The financed asset generally provides security, although other requirements may apply.
DEPOSIT OPTIONS
Some loans require no deposit. Requirements depend on the borrower, lender and asset.
THREE LOAN TYPES
Chattel mortgage, lease or hire purchase, depending on the asset and its use.
BALLOON OPTION
Lower regular repayments, with a lump sum payable at the end.
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FIRST HOME BUYERS
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WHAT WE COVER
FIRST HOME BUYERS
From pre-approval to settlement day, including government schemes.
Selling and buying in the right order.
Upgrading and downsizing
Buying your next home before the current one sells.
Bridging finance
Refinancing
A sharper rate or a better structure, with switching costs weighed first.
SELECT FOR DETAILS
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MARINE & LEISURE
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PLANT, EQUIPMENT & TECHNOLOGY
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02
TRUCKS & FLEET
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01
CARS & UTES
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WHAT WE COVER
THE PROCESS
01
DISCOVERY CALL
Your goals, circumstances and timeframe
02
Preliminary review
Position and borrowing options reviewed
03
Strategy
Lenders and structure compared
04
Application
Prepared and submitted to the chosen lender
05
Approval & settlement
Coordinated to settlement
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Ongoing support
Loan reviewed as your needs change
COMMON QUESTIONS
WHAT'S THE DIFFERENCE BETWEEN A CHATTEL MORTGAGE AND A LEASE?
With a chattel mortgage, you own the vehicle or equipment from the outset, while the lender holds security over it until the loan is repaid. Repayments can be structured with or without a final balloon payment.
With a finance lease, the finance provider owns the asset during the agreement and you make regular lease payments. At the end, a residual-value obligation may apply, with options governed by the contract. Returning the asset does not necessarily remove that obligation.
The main differences are ownership, end-of-term commitments and GST or tax treatment, which should be checked with your accountant.
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DO I NEED A DEPOSIT?
Not necessarily. Some eligible borrowers can finance 100% of a vehicle or equipment purchase without an upfront deposit.
For example, a $70,000 vehicle may be financed in full, while a 20% deposit would reduce the amount borrowed to $56,000. New businesses, older vehicles and higher-risk assets may require more money upfront. A larger deposit generally reduces the amount financed and interest payable.
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WHAT IS A BALLOON PAYMENT?
A balloon payment is a lump sum due at the end of a loan, allowing lower regular repayments during the term.
For example, a $60,000 vehicle loan with a 30% balloon leaves $18,000 payable at the end, in addition to the regular repayments made along the way. You'll need to pay that amount, refinance it if eligible, or potentially sell the vehicle to cover it. A balloon reduces repayments during the term but doesn't make the vehicle cheaper overall.
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CAN I FINANCE A VEHICLE FROM A PRIVATE SELLER?
Yes. Some lenders finance vehicles purchased privately, not just through dealerships. They may require proof of ownership, identification of the seller, a vehicle inspection or valuation, and checks for existing finance.
Older vehicles, imported cars or specialised equipment can have stricter lending criteria. It's worth confirming finance eligibility before paying a deposit to the seller.
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CAN A NEW BUSINESS GET ASSET FINANCE?
Yes, some lenders consider newly established businesses or applicants with a recently registered ABN. Requirements may include a deposit, relevant industry experience, stronger credit history or additional financial information. The asset type and loan amount also influence the available options.
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HAVE ANOTHER QUESTION? BROWSE THE FAQ
LET'S TALK.
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