Interested in Hire Purchase?
Complete the form below.
FINANCE CALCULATOR
Get a quick estimate so you know exactly what to expect before speaking with a specialist.
Loan Calculator
Estimate your repayments before speaking with an Equifund specialist.
$
Enter the approximate amount you’d like to finance.
3%
18%
12 months
84 months
0%
60%
Percentage of the loan left owing as a final lump-sum (balloon / residual).
Estimated repayments
Monthly repayment
$0.00
Approx. weekly
$0.00
Loan amount
$0.00
Interest rate
0.00% p.a.
Term
0 months
Balloon / residual
$0.00
Total repayable (incl. balloon)
$0.00
Estimated interest over term
$0.00
This calculator provides an estimate only and does not constitute an offer of finance. Actual repayments will depend on your profile, lender and product.
30-second check. No impact on your credit score.
Choose your industry
Choose the category that best describes your finance requirement.
Transport & Logistics
Farming & Agriculture
Construction & Earthmoving
Other
Submitting this form does not lock you into finance.
.svg)
$50M+ in equipment financed
.svg)
3x faster decisions than major banks
.svg)
Dedicated support to find the best solutions
.svg)
ASIC licensed & regulated
.png?width=350&height=442&name=Rectangle%2052%20(20).png)
Trucks
.png?width=350&height=442&name=Rectangle%2052%20(17).png)
Semi-Trailers & Trailers
.png?width=350&height=442&name=Frame%202147227772%20(2).png)
Refrigerated trucks
.png?width=350&height=442&name=Rectangle%2052%20(16).png)
Excavators & Loaders
.png?width=350&height=442&name=Rectangle%2052%20(15).png)
Cranes & Site Machinery
.png?width=350&height=442&name=Frame%202147227772%20(3).png)
Trailer Trucks
.png?width=349&height=442&name=Rectangle%2052%20(19).png)
Tractors & Harvesters
.png?width=350&height=442&name=Rectangle%2052%20(21).png)
Yellow Goods
Skid Steers & Access Equipment
Fixed repayments for easy budgeting
Your hire purchase repayments are fixed for the entire term. No surprises, no rate changes, no variable payments. Budget with certainty.
.png?width=40&name=Group%20(1).png){kind=small}
Tax deductible interest and depreciation
The interest component of your payments is deductible, and you can claim depreciation on the equipment. Combined, these deductions can significantly reduce the effective cost of the hire purchase.
Ownership at the end
Unlike a finance lease where return is an option, hire purchase is designed to end in ownership. The final payment (typically a nominal amount) transfers full ownership to you.
.png?width=40&name=Frame%20(1).png){kind=small}
Balloon payment options
A balloon (residual) payment can be included to reduce your regular payments during the term. You pay the balloon at the end to take ownership, or refinance or trade in at that point.
-
Prime movers and rigids
-
Trailers and combinations
-
Light commercial vehicles
-
Refrigerated transport
-
Tippers and specialty
-
Fleet vehicles
-
Excavators and loaders
-
Cranes and telehandlers
-
Dozers and graders
-
Concrete equipment
-
Access equipment
-
Site support vehicles
-
Tractors and harvesters
-
Implements and sprayers
-
Irrigation systems
-
Farm vehicles
-
Livestock equipment
-
Fencing and yard equipment
-
Forklifts and warehouse
-
Manufacturing machinery
-
Medical equipment
-
IT and technology
-
Workshop equipment
-
Commercial fitouts
HOW THE PROCESS WORKS
How Hire Purchase Works
A straightforward process.
01
.svg)
Complete the Form
In 60 Seconds
Provide us with some basic information about your business and financing requirements via our secure website.
02
.svg)
Speak With an
Industry Specialist
Your brokers assess your requirements and guide you through gathering the right documents to secure approval quickly.
03
.svg)
Get Pre-Approved
Over the Phone
Receive a clear pre-approval with transparent terms and repayment options that suit your cash flow.
04
.svg)
Financing
Secured
Your finance broker will work with you to source the best funding offers available and guide your application to success.
Barinder Singh
Transport Operator
Non-property owner
No deposit
24hr turnaround
2025 Tipper Trailer
Transport
$150,000
Barinder needed a new tipper trailer to keep up with growing contract work but didn’t own property and didn’t have a deposit available. Traditional lenders declined the deal based on security requirements.
We structured the finance around the strength of the business income and the asset itself, delivering approval and settlement within 24 hours so the trailer could be put straight to work.
Neil Johnson
Earthmoving Contractor
Low Doc
24hr approval
2005 CAT Excavator
Contractor
$60,000
Neil was purchasing a used excavator to support ongoing civil jobs but needed a simple low-doc solution without extensive financials slowing the process down.
We secured approval within 24 hours using a streamlined low-doc structure , allowing him to secure the machine before another buyer stepped in
Bradley Moore
Owner-Driver
Private sale
Low Doc
24hr approval
2019 Scania Truck
Contractor
$100,000
Bradley found the right truck through a private seller and needed fast finance to avoid losing the deal. The transaction structure made traditional lenders hesitant.
We arranged a low-doc facility tailored to a private sale purchase and delivered approval inside 24 hours, enabling Bradley to secure the vehicle and get back on the road generating income.
Barinder Singh
Transport Operator
Non-property owner
No deposit
24hr turnaround
2025 Tipper Trailer
Transport
$150,000
Barinder needed a new tipper trailer to keep up with growing contract work but didn’t own property and didn’t have a deposit available. Traditional lenders declined the deal based on security requirements.
We structured the finance around the strength of the business income and the asset itself, delivering approval and settlement within 24 hours so the trailer could be put straight to work.
Neil Johnson
Earthmoving Contractor
Low Doc
24hr approval
2005 CAT Excavator
Contractor
$60,000
Neil was purchasing a used excavator to support ongoing civil jobs but needed a simple low-doc solution without extensive financials slowing the process down.
We secured approval within 24 hours using a streamlined low-doc structure , allowing him to secure the machine before another buyer stepped in
Bradley Moore
Owner-Driver
Private sale
Low Doc
24hr approval
2019 Scania Truck
Contractor
$100,000
Bradley found the right truck through a private seller and needed fast finance to avoid losing the deal. The transaction structure made traditional lenders hesitant.
We arranged a low-doc facility tailored to a private sale purchase and delivered approval inside 24 hours, enabling Bradley to secure the vehicle and get back on the road generating income.
Not Every Business Fits a Bank Template
Major banks often apply rigid policies that do not reflect how transport, construction or agricultural businesses actually operate.
.svg)
Asset value & condition
We consider the value, age, and condition of your asset, not just your credit history.
.svg)
Business use
Finance solutions tailored to how your equipment supports daily business operations.
.svg)
Deposit position
Low-deposit and zero-deposit options available for eligible applicants.
.svg)
Repayment capacity
Repayment plans structured around your cash flow and business revenue.
Check Your Eligibility
30-second check. No impact on your credit score.
Quick quotes, fast approvals
What is the difference between hire purchase and chattel mortgage?
Functionally they are very similar. Both result in you owning the equipment and making fixed repayments. The key differe
Can I claim GST on hire purchase?
GST treatment on hire purchase can vary. In some cases you can claim the full GST upfront, in others it is claimed progr
What is the nominal purchase price at the end?
Most hire purchase agreements include a final purchase option of $1 or a similar nominal amount. This transfers full own
Can I include a balloon payment?
Yes. A balloon (residual) reduces your regular payments during the hire period. At the end, you pay the balloon to own t
Is hire purchase available for used equipment?
Yes. Hire purchase is available for new and used equipment from all major brands. The terms may vary based on the equipm
Can I end a hire purchase early?
Most agreements allow early termination, though fees may apply. Your broker will explain any early payout terms before y
Still Have a Question?
If you can’t find the answer you’re looking for, give us a call and our team will be happy to help straight away.
1300 464 805