Your business gains the use of equipment or other items of your choice in exchange for regular payments over an agreed period of time (terms ranging from 1 to 5 years). When you make the final payment, the equipment is yours. However, only the interest component of these payments is usually tax deductible.

When the final payment is made of the hire purchase, the title to the goods is transferred to your name. The hire purchase agreement is simply a contract where we (the ‘owner’) allows you (the ‘hirer’) the right to possess and use an item of equipment in return for regular payments.

Who can benefit from hire purchase truck finance and truck loans?

All businesses wishing to finance or take out a loan for the purchase of motor vehicles and trucks, industrial plant and equipment, earthmoving equipment, business and professional equipment.

Key features of hire purchase truck finance and truck loans

• Repayment schedules are flexible.
• Balloon payments at the end of the term can be arranged
• An Offer to Hire can be arranged with no deposit or an amount that suits you.
• We own the goods until the final payment is made, at which point you gain automatic ownership.
• The interest component of the rental and depreciation on the equipment are tax deductible, provided it is used to produce assessable income or the expense is necessarily incurred in carrying on a business.
• You can repay the contract before the term ends.

Benefits of hire purchase truck finance and truck loans

• Repayment schedules can be structured to suit your cash flow.
• You can obtain the use of goods for minimal cash outlay, so working capital is not significantly affected.
• You may be able to make use of the taxation benefits of hiring.
• Flexible repayments allow for accurate capital budgeting.

Read more about Commercial Hire Purchase Finance and Loans »

We’ll purchase the equipment for you and, in return, you pay us a series of rental payments, which are fully tax deductible (if the equipment is used solely for earning assessable income). At the end of the term, we can take possession of the equipment and sell it. Usually, we’ll allow you to purchase the equipment for the residual value of the goods.

We (the lessor) purchases the equipment or vehicle required by you (the lessee) and is therefore, the owner of the good(s). We then lease the goods to you under a Lease Agreement, which sets out the residual value of the goods, the term of the lease in months, the monthly rental and the depreciation rate.

When the lease expires, there are some alternatives available to you:

• Refinance the residual value.
• Payout the contract.
• Make an offer to purchase the equipment, which may be accepted by us.

Who can benefit from finance lease and finance loans?

Any firm, partnership, company and professional or business people who want to acquire plant-equipment, motor vehicles, or similar goods used in the production of assessable income.

Key features of finance lease and finance loans

• Can obtain equipment without capital outlay.
• Payments can be made on a monthly, quarterly, half yearly or irregular basis.
• The terms of the lease are flexible, subject to our and ATO guidelines (maximum term 60 months).
• The residual value of the leased goods is established in accordance with a schedule issued by the Commissioner of Taxation.
• Lease rentals are usually tax-deductible, if the leased goods are used to produce assessable income.

Benefits of finance lease and finance loans

• With no initial outlay required, you can use your working capital for other purposes.
• You have the option to select the length of the lease term and the timing of repayments to suit your cash flow (maximum term 60 months).
• You can negotiate rentals and residual values within an approved range, allowing more flexibility in budgeting.
• You can utilise this product to finance their outlay of recently purchased equipment.
• You may be able to make use of taxation benefits.

Read more about Finance Lease and Finance Loans»

You get ownership of the goods on delivery and we’ll take a charge over the goods. Otherwise this product is very similar to a Commercial Hire Purchase, although the fee structure is a little more complicated.

The Chattel Mortgage is appropriate to finance goods for more than 50% business use. You (the customer) take ownership of the goods upon delivery, with us able to secure the loan by registering a charge over the goods.

Who can benefit from chattel mortgage truck finance and truck loans?

Anyone wishing to finance the purchase of goods for business purposes.

Key features of chattel mortgage truck finance and truck loans

• You hold the title to the goods.
• 100% finance can be provided.
• Repayment schedules are flexible and can be structured to suit you.
• Balloon payments at the end of the term, similar to a lease residual value, can be arranged.
• A Chattel Mortgage may provide tax benefits if the financed goods are used to produce assessable income.
• The term of the Chattel Mortgage is flexible and can be negotiated, subject to our approval (maximum term 60 months).

Benefits of chattel mortgage truck finance and truck loans

• You own the goods from the beginning of the contract.
• You can obtain the goods for a minimal capital outlay.
• You can match repayments to seasonal cash flow.
• You can pay lower instalments during the term of the contract and make a balloon payment at the end of the term.
• You may be able to make use of taxation benefits if the goods are used to generate taxable income.

Read more about Chattel Mortgage Finance and Loans»

In a changing business environment a leasing arrangement can free up the valuable capital locked up in your fleet, allowing you to invest in your core.

How does sales and leaseback truck finance and truck loans work?

1. We can arrange payment in cash for your fleet. Market vehicle valuations will be based on recognized industry guidelines or the written down value.
2. The vehicles will then be leased back to you under an operating lease agreement, passing over the ownership and residual value risk of the fleet to the lender.

Benefits of sales and leaseback truck finance and truck loans

• Access your working capital
• You can switch your whole fleet
• Remove vehicles from your balance sheet
• One easy monthly payment
• Managed fleet vehicle maintenance
• Eliminates your residual value risk
• Simple application
• Access discounts through our purchasing power
• Reduce administration

Read more about Sale and Leaseback Finance and Loans»

We will consider all types of equipment, including software, and used goods so long as they are supplied by a reputable supplier of such goods. A formal valuation of the equipment may be required if we are unable to ascertain their value.

Who can benefit from technology finance and technology loans?

Must be for Business use – Sole Trader and Partnership Applicants will be required to sign a Declaration of Purpose confirming this.

Amount that can be financed for technology finance and loans

Minimum $1,000 to a maximum of $35,000 without the need for financial providing the Application fits credit criteria. For amounts greater than $35,000 financial data showing serviceability will be required. A maximum of $50,000 is available for Rentals.

Term of technology finance and loans

From 12 months to 60 months.

Insurance with technology finance and loans

All equipment is to be insured covering normal business risks and be in place at settlement and

maintained during the term of the contract, as per the Terms & Conditions of the Rental Agreement.

Interest rates of technology finance and loans

Since a Rental is not a loan there is no interest rate. Monthly Rental charges are payable.

Fees and charges of technology finance and loans

There’s an establishment fee

There may also be an early termination charge.

Repayment schedules for technology finance and loans

All Rental Payments are Direct Debited monthly in advance.

Read more about Technology Finance and Loans»

Finding the right loan can be quick and easy with National Loan Solutions.  We source our loan products with Australia’s leading property finance specialists.

Whether you are a self employed and require a full doc loan, or want to build your property portfolio and need an investment loan, we are certain to find a smarter solution, quickly and smoothly.

Read more about Property Finance and Loans»

What is small ticket finance?

We specialise is small ticket equipment finance.

We can offer fast easy access to loans as little as $1000 which comes in handy when wanting to purchase any new or used equipment. Terms and conditions vary from lender to lender.

Read more about Small Ticket Finance and Loans»

Why use Truck Finance?

• Lo – Doc funding for equipment from $1k – $100 K
• Credit Impaired clients considered
• New business ventures considered
• Non Property Owners Considered
• No Financials required on selected products
• Easy documentation & Over 20 panel lenders

Vendors Benefits

• Sell more product
• Shift focus from price to affordable monthly tax effective payments
• Track your sales “online” 24/7 a day via our CRM
• Increase repeat business
• Increase your income Today!

Read more about Small Ticket Finance for Vendors»

Everything from the money spent on construction equipment financing to the utilities spent on your building all contribute to the strain on your company’s cash flow.

Read more about Equipment Finance»