If you’re looking to purchase a new vehicle, machinery, technology or other asset, then we can help get you finance.
ASSET & EQUIPMENT FINANCE
Get finance to purchase equipment for business or personal use.
We handle the entire
loan process for you.
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Loan application
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HOW DO THEY WORK?
Equipment loans
The main advantage of asset and equipment finance is that it allows you to acquire assets without having to pay the full cost upfront. Instead, the cost of the asset is spread out over time through regular repayments, which can help to manage cash flow and preserve working capital.
There are several different types of asset and equipment finance available, including leases, hire purchase agreements, and chattel mortgages. Each of these options has its own advantages and disadvantages, and the most appropriate type of finance will depend on the specific needs and circumstances of the borrower. As Adelaide finance brokers, we can help you with the entire application process.
Frequently asked questions
Below you’ll find answers to the most frequently asked equipment finance questions.
What are equipment loans?
Equipment finance works by providing businesses with the funds needed to purchase or lease equipment. The lender typically holds the equipment as collateral until the loan is paid off. Businesses can choose between various options like finance leases, operating leases, and chattel mortgages.
What types of equipment can be financed?
Almost any type of equipment can be financed, including manufacturing machinery, agricultural equipment, medical devices, IT equipment, office furniture, and vehicles. If the equipment is essential for business operations, it’s likely eligible for financing.
What documents are required for applying for equipment finance?
Required documents often include your business and personal credit reports, recent tax returns, financial statements (such as balance sheets and income statements), bank statements, and detailed information about the equipment to be financed.
Can I finance used equipment?
Yes, many lenders offer financing options for both new and used equipment. Financing used equipment can be a cost-effective solution for businesses, though the terms and interest rates may vary compared to new equipment financing.
WE’RE WITH YOU
So why MV Finance?
We make the finance process a breeze. Whether you’re starting your property journey with the dream of owning your own home or you’re an experienced property investor, we will help you make the most of your situation.
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We identify and compare top lenders to find the best rates and loan terms for your needs.
Save You Money
We analyse and compare loan options to find the most cost-effective solution for you.
Competitive rates
We ensure you receive the best possible interest rates available for your type of loan.
Expert Advice
Our team will educate and guide you through some of the biggest, and most exciting, decisions of your life.
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Connecting you & the financial dots
Through carefully considered strategic finance our experienced team can meet your financial needs and together we can build a lasting relationship.
Ready to get started?
The options we explore for you depend on your situation. Book a meeting with one of our expert brokers so we can begin researching the best loan option for you.
