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A chattel mortgage is a common commercial finance structure where you own the asset from day one and the lender takes a mortgage over it as security. It often suits businesses that want to own the asset and claim it on their books. GST on the purchase may be claimable up front, and interest and depreciation may be deductible. Speak with your accountant about your situation.

With a finance lease the lender owns the asset and leases it to you for fixed repayments over an agreed term, with a residual at the end. It can suit businesses that want to use an asset without owning it outright. Lease repayments may be deductible and GST usually applies to each repayment. Your accountant can confirm the treatment for your business.

Under commercial hire purchase the lender owns the asset and hires it to you until the final payment, at which point ownership passes to you. It can include a deposit and a balloon. Interest and depreciation may be deductible. It suits businesses that want to own the asset at the end without claiming GST on the full price up front.

An operating lease lets you use an asset for an agreed term while the lender keeps ownership. At the end you return the asset, upgrade or re-lease. Repayments may be treated as an operating expense. It suits businesses that upgrade equipment regularly and prefer not to own or fund a residual.

It depends on whether you want to own the asset, how you want to treat it for tax, and your cashflow. A chattel mortgage suits owning and claiming the asset, a finance lease suits using without owning, and hire purchase suits owning at the end of the term. There is no single best option for every business. An Equifund specialist and your accountant can help you choose.

For eligible business assets, GST treatment depends on the finance structure. Under a chattel mortgage, GST on the purchase price may be claimable in your next Business Activity Statement, while a lease generally applies GST to each repayment. GST outcomes depend on your registration and circumstances. Speak with your accountant or registered tax adviser.

Depending on the structure, you may be able to claim interest and depreciation, or lease repayments, as business deductions. Tax outcomes vary with your income, the asset and current tax rules. This information is general only. Confirm what applies to your business with your accountant or a registered tax adviser.

Borrowing capacity depends on your business income, ABN and credit history, the asset type and age, and the lender. Many commercial lenders fund a large share of an asset's value for established ABN holders. There is no fixed limit that applies to every business. The best way to understand your capacity is a quick eligibility check with an Equifund specialist. Finance is subject to lender approval.

Many established businesses can access commercial asset finance with little or no deposit, while newer businesses or older assets may need a contribution. A deposit or trade-in lowers the amount financed and your repayments. No-deposit finance is available for qualifying prime applications only and is subject to lender approval and eligibility criteria.

Yes. Used trucks, trailers and equipment can be financed, including assets bought from a dealer or, in many cases, privately. The asset's age and condition affect the rate and term a lender will offer. Older assets may have shorter maximum terms. Eligibility criteria and lender approval apply.

Yes. Equifund arranges commercial asset finance for Australian ABN holders and businesses. We do not offer consumer or personal lending. Both established businesses and, in many cases, newer ABNs can apply. Eligibility criteria and lender approval apply.

For straightforward commercial applications, an indicative pre-approval can often be provided within about 24 hours once a lender has the information they need. More complex applications can take longer. Timeframes are a guide only and depend on the lender and your circumstances.

Yes, in many cases. Some lenders support newer ABNs, start-ups and businesses without full financials through low-doc options, though a deposit or a stronger asset may be required. Options vary between lenders and are subject to approval. An eligibility check is the quickest way to see what may be available.

Often yes. Many lenders finance assets bought privately as well as from dealers, though private-sale finance can involve extra checks on the asset and seller. Availability depends on the asset type, age and lender. Eligibility criteria and lender approval apply.

Requirements vary by lender and loan size. A simple application may need your ABN, identification and basic asset details, while larger or complex applications may need bank statements or financials. Low-doc options can reduce the paperwork for eligible applicants. An Equifund specialist will tell you exactly what your application needs.

Equifund arranges finance for a wide range of commercial assets, including trucks, trailers, prime movers, excavators and earthmoving plant, tractors and farm equipment, forklifts, loaders, cranes, and commercial vehicles. If it is a business asset, it is worth asking. Eligibility depends on the asset and lender.

In many cases yes. Refinancing an existing commercial asset loan may help you access a different rate or structure, or release equity in an asset. Whether it makes sense depends on your current agreement, any payout costs and your goals. An Equifund specialist can review your situation. Finance is subject to lender approval.

An initial eligibility check with Equifund does not require a full credit application. A formal application with a lender does involve a credit assessment. Your specialist will explain each step before anything is submitted, so there are no surprises.