Auction Finance for Australian Businesses

Yes. If you're planning to bid on more than one lot, whether that's several vehicles in the same sale or a truck and a trailer as separate lots, you can apply for a single facility that covers everything, rather than lodging a separate application for each item you win.

Yes. Equipment and vehicles sold at auction are typically sold as-is, so a condition report or in-person inspection before bid day is strongly recommended. Equifund arranges the finance; we don't inspect or warrant the condition of any asset, so satisfy yourself on condition before you commit to bidding.

You own the equipment from the day finance settles on auction day, while your lender holds a mortgage over it as security until the loan is repaid. It's the most requested structure for GST-registered auction buyers, since you can typically claim the GST back on the purchase price straight away and depreciation runs through your own business. Best for GST-registered buyers wanting full ownership from day one, with terms from 1 to 7 years.

With hire purchase, the lender owns the equipment for the life of the agreement and you make fixed repayments to use it, with ownership transferring to you once the final payment clears. It suits auction buyers who want the certainty of a fixed repayment structure, and the GST is spread across your payments rather than claimed as one lump sum upfront. Terms are flexible.

Under a finance lease, your lender retains legal title to the equipment for the term of the lease while you use it in your operation, making regular lease payments that are typically fully tax deductible. At the end of the term you can make an offer to buy the asset, refinance the residual, or hand it back. Best for regular auction buyers wanting an off-balance-sheet structure, with flexible terms.

An operating lease means you pay to use the equipment for an agreed term, and your lender carries the risk of its residual value, not you. It suits businesses that use auctions to keep their fleet current, since bundled servicing is often included and you simply hand the asset back and roll into newer stock from the next sale. Terms typically run 3 to 5 years.

With an unsecured business loan, funds are assessed against your business's trading position rather than security over the equipment itself, so you can move quickly on auction day or on older equipment a traditional lender might decline. Best for fast settlement or older equipment, with a shorter, flexible term.

GST treatment depends on the finance structure you choose and your own registration status; a chattel mortgage generally allows GST-registered buyers to claim the GST back on the purchase price upfront. BAS-assessed applications are common for established ABN holders. Confirm the specifics with your accountant, as tax treatment depends on your individual circumstances.

Yes, auction finance through Equifund is a commercial facility for ABN holders. The specialist lender panel assesses your trading history, BAS and the asset itself rather than requiring years of financials.

Newer ABNs can still apply. Lower-doc and prime pathways generally suit more established trading histories, and the panel includes options for newer businesses, though $0 deposit and the strongest terms are typically reserved for established profiles.

Yes. Ex-government fleets and liquidation or insolvency stock are financeable through the specialist lender panel, provided the asset and your application meet the lender's criteria.

Yes. Refinance is common when an existing deal was settled at high rates, has an unfavourable structure, or you're consolidating multiple assets bought at different auctions into one facility.

Let your specialist know the winning bid amount and any buyer's premium as soon as the hammer falls. Your specialist finalises the facility and coordinates settlement inside the auction house's own payment terms, which are often tighter than a dealer purchase, so keep them updated in real time on auction day.