Equipment Finance
Purchasing capital equipment can be an expensive exercise as well as impacting on cash flow. Using commercial finance to fund these purchases and choosing the correct product to suit your budget preserves your existing lines of credit.
Worth thought also is the useful life of the equipment, how the equipment can be treated for taxation purposes depending on the financing arrangement entered in to and why your bank may require bricks and mortar security when the equipment can often be financed stand alone.
Types of equipment that can be financed include (but are not limited to):
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Office Equipment |
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Computer Equipment | |
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Motor Vehicles | |
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Manufacturing Equipment | |
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Medical Equipment | |
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Heavy Vehicles | |
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PABX Systems | |
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Scientific Equipment |
Basically any depreciating asset that is used to generate an income can be financed and for the right customer we are able to arrange finance for nearly any business requirement.
If you are not sure, ask us! And with the new Investment Allowance legislation now passed it has never been a better time to upgrade your equipment. Eligible businesses and the self employed with an annual turnover of less than $2M may qualify for an additional 50% depreciation deduction if the goods are purchased and installed prior to December 31st 2009, meaning you get new assets while keeping more money in your pocket. A useful link to answer some of your questions is located below for you or call or send us an email and we can assist you to find the right deal for your requirements.
http://www.treasury.gov.au/documents/1505/PDF/Frequently_Asked_Questions.pdf