Equipment Finance – Highly competitive rates and structures!
Navigating the Equipment Finance maze can be a challenge for many business owners!
Whilst interest rates are important, when it comes to Equipment Finance there are many other factors to consider such as:
- The total cost of the finance over the term of the facility
- That it provides flexible payments aligned to your cashflow
- Choosing the right financing option to provide you with maximum depreciation and tax benefits
- Ensuring balloon payments balloon payments are at a level that can be paid out or refinanced
- That the package you have been offered is actually market competitive
- That the Finance Application process is seamless – and you can access finance quickly when it is needed
Equipment Finance fast and no regrets!
In an intensely competitive environment having access to the latest equipment can help business owners maintain their competitive advantage!
Our experienced Equipment Finance Specialist can help you access the finance you need quickly and importantly ensure:
- That the finance works today and over the term of the facility
- The financing option chosen is optimal from an ownership, depreciation and tax perspective. With your permission we will liaise with your Accountant in this regard
Whilst this all takes time; our experience is that it helps to avoid problems and regret down the track!
Equipment Finance – What can be financed
The range of equipment that can be financed is extensive and includes:
- Plant & Equipment
- Commercial Equipment
- Large Industrial Sheds
- Medical Equipment
- Specialised Equipment
- Truck and Trailers
- Fit-outs
- Technology
- Boats, Caravans, Jet skis
Competitive finance – structured to your circumstances!
As an Equipment Finance broker, The 500 Group can help you access highly competitive rates and structures from our panel of Lenders which includes all the major Banks and specialist Financiers.
We do all the research to ensure we deliver a highly competitive finance package that is structured specifically to your circumstances.
Equipment Finance Options
Dependent on your circumstances there are a number of options that can be used to finance equipment purchase including:
- Chattel Mortgage
- Hire Purchase
- Novated Lease
- Finance Lease
- Equipment Rental
- Import Escrow and Foreign Exchange Facilities
Each structure has different implications in terms of ownership, depreciation, tax and GST.
Our Equipment Finance Specialist will work with you and your Accountant to select the right financing option for your individual circumstances.
Avoiding the headline interest rate trap!
When seeking Equipment Finance, it can be a mistake to focus on the interest rate in insolation, rather than the total cost of finance over the term.
What appears to be a great rate may mask a higher cost of finance due to:
- A higher residual payment which increases the total cost of finance
- Higher fees
- A higher purchase price
Our Equipment Finance Specialist can help you avoid these pitfalls and later regret!
Buy better with Pre–Approved Finance
To improve your negotiation power when purchasing equipment, we can arrange pre-approvals or for those with an ongoing need an Equipment Finance revolving limit.
This can help ensure you get the equipment as fast as possible when you need it
Saves time – Frees you up to focus on what is important
Undertaking research, sorting through all the options available and negotiating with Lenders all takes time – most of which busy owners can ill afford to lose!
We can arrange quotes, negotiate with Lenders, organise documentation, attend to dispersal, including where needed, payment to suppliers
At The 500 Group, we can do all the legwork for you, freeing you up to focus on what is important – running and growing your business!
Summary
Equipment Finance is a great way of preserving cashflow and ensuring you have the tools needed to succeed in an intensely competitive marketplace.
Choosing the right type of finance is also not for generalists, it requires experienced specialist knowledge and access to what the marketplace has to offer, tailored to your specific needs.
If you would like to learn more about how our Equipment Finance Specialists can help you get the finance you need, give the team at The 500 Group a call today on 1300 500 254
