Understanding Asset Finance in Australia

Asset finance is crucial for Australian businesses, particularly SMEs, allowing them to acquire equipment and machinery without hefty upfront costs. This financial solution enhances cash flow management and supports growth.

What is Asset Finance?

Asset finance encompasses financial products enabling businesses to purchase, lease, or refinance assets like machinery and vehicles, providing flexibility in cash flow management.

Types of Asset Finance

• Chattel Mortgage: A secured loan where the borrower owns the asset from the start.

• Finance Lease: A lease where the financier retains ownership, allowing purchase or return at the lease's end.

• Operating Lease: Short-term lease where the asset is returned at the end.

• Asset Refinance: Refinancing existing assets to release equity or improve cash flow.

Benefits of Asset Finance

• Cash Flow Management: Spreads costs over time for better cash flow.

• Tax Benefits: Possible tax deductions on interest and depreciation.

• Access to Latest Technology: Regular upgrades to stay competitive.

• Flexible Terms: Customizable repayment options.

Find Out More

For more information on how asset finance can benefit your business, get in touch.

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