Equipment Finance for Trades & Business — Melbourne

Many lenders offer 100% equipment finance with no deposit required, particularly for new assets or businesses with strong trading history. Some lenders require a 10–20% deposit for used, specialised, or high-value assets. We negotiate on your behalf to minimise the upfront outlay.

Yes. Many lenders will finance used equipment up to a certain age — typically 10–15 years old for vehicles and plant, though this varies by asset type and lender. We access lenders who specialise in aged and niche assets where mainstream banks won't lend.

A chattel mortgage means your business owns the asset from day one and the lender takes a security interest. You can claim full GST upfront and depreciate the asset. A finance lease means the lender owns the asset and you 'lease' it, with the option to buy, return, or extend at the end of term. Lease payments are fully deductible. The right structure depends on your GST registration, tax position, and asset upgrade plans — speak with your accountant.

Equipment finance terms typically range from 12 to 84 months (1–7 years). Shorter terms mean higher repayments but less total interest. You can also structure a balloon / residual payment at the end to reduce monthly repayments. We'll match the term to your asset's useful life and cash flow.

Most straightforward equipment finance applications are approved within 24–48 hours. Low-doc deals using ABN and bank statements can be even faster. Complex or large deals may require 3–5 business days. Once approved, settlement typically follows within 1–3 business days.