Equipment Finance
Equipment finance helps small businesses acquire the machinery, vehicles, or technology they need without paying the full cost upfront. Instead, the business uses the equipment while making regular repayments over an agreed term, similar to a loan or lease.
What Are The Options Out There?
Chattel Mortgage
A Chattel Mortgage is a business loan where the lender gives you the funds to buy equipment or a vehicle, and you own the asset from day one, but the lender uses it as security until the loan is fully repaid.
How It Works
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Your business chooses the equipment/vehicle you want to buy.
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The lender provides the funds.
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You take ownership immediately (good for asset depreciation and claiming GST).
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The lender registers a security interest (PPSR) over the asset.
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Once the loan is repaid, the security is removed — asset is fully yours.
Chattel Mortgage is Ideal for:
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ABN holders registered for GST
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Businesses wanting tax advantages and asset ownership
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Tradies, transport operators, construction, agriculture, medical, tech and transport businesses
Finance Lease
Finance Lease is a type of equipment finance where the lender owns the equipment during the term, but your business has full use of it. At the end of the lease, you usually have the option to buy it out, upgrade, or return it.
How It Works
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Lender buys the equipment and leases it to your business.
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You use it during the term just like an owner would.
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You make fixed monthly lease payments.
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At the end of the term, you choose one of the following:
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Buy it (pay a residual/buyout amount)
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Upgrade to a newer model
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Return it and walk away
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Finance Lease is Ideal for businesses that:
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Prefer flexibility over full ownership
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Upgrade equipment regularly (vehicles, medical, IT, machinery, digital assets)
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Want lower monthly payments with a buyout option later
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Don’t want equipment that may become outdated or lose value quickly
Hire Purchase
Hire Purchase (also known as Commercial Hire Purchase or CHP) is a type of equipment finance where a business hires the equipment with the intention to own it once all repayments are made.
How It Works
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The lender purchases the equipment.
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Your business hires it from the lender for a fixed term.
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You make regular repayments over the contract period.
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Once the final payment is made, ownership transfers to you automatically.
Hire Purchase is Ideal for those businesses that:
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Want eventual ownership without paying upfront.
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Prefer to spread GST and costs gradually.
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Are comfortable not owning the asset until the end.
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Want a structured repayment schedule with a clear pathway to ownership.