Asset Finance Australia

Your Trusted Partner for Equipment, Vehicle & Technology Financing

Asset finance empowers Australian businesses to acquire essential equipment, vehicles, and technology without draining cash reserves. Whether you're a startup needing computers, a tradie financing a ute, or a farmer investing in machinery, asset finance offers flexible solutions like hire purchase, chattel mortgage, finance lease, and operating lease. With tax benefits such as GST claims, interest deductions, and the instant asset write-off, plus low doc and no doc options for new businesses, asset finance supports growth while preserving cash flow. Explore our comprehensive financing solutions, tailored for industries like construction, healthcare, transport, and more. Get started today with fast approvals and ATO-compliant tax benefits!

• Finance for vehicles, machinery, medical equipment, and technology
• Tax benefits including GST claims, interest deductions, and instant asset write-off
• Flexible options like hire purchase, chattel mortgage, finance lease, and operating lease
• Low doc/no doc finance for startups and ABNs under 2 years
• Terms up to 7 years with balloon/residual options
• Fast approvals in as little as 24–48 hours
• ATO resources for tax compliance and record-keeping

What is Asset Finance?

Asset finance is a financing solution that allows Australian businesses to acquire assets—such as vehicles, equipment, or technology—by spreading costs over time through structured payments. Instead of paying upfront, you can finance assets via options like hire purchase, chattel mortgage, finance lease, or operating lease, preserving cash for operations, marketing, or growth. Asset finance is ideal for businesses of all sizes, from startups to established firms, and offers tax benefits like GST claims, interest or lease deductions, and the Australian Government’s instant asset write-off.

Example: A construction company finances a $110,000 excavator (including $10,000 GST) via a chattel mortgage. They claim $10,000 GST upfront via their Business Activity Statement (BAS), deduct $4,000 annual interest (saving $1,000/year at a 25% tax rate), and, if eligible for the instant asset write-off (turnover under $10 million, extended to 30 June 2025, pending legislation), deduct $100,000 in their 2024–25 tax return, saving $25,000.

Benefits of Asset Finance

Asset finance provides financial and operational advantages for Australian businesses:

• Preserve cash flow: Spread costs over time, keeping capital for other needs
• Tax advantages: Claim GST, deduct interest or lease payments, and use instant asset write-off
• Access modern assets: Acquire advanced equipment to boost efficiency and competitiveness
• Flexible terms: Choose ownership or leasing, with terms up to 7 years and balloon/residual options
• Fast approvals: Low doc and no doc options enable approvals in 24–48 hours
• ATO guide: Business Deductions for allowable expenses

Example: A tech startup leases $30,000 in servers via a low doc operating lease, paying $1,000/month (including $91 GST). They claim $1,092 GST annually, deduct $10,908 annual payments (saving $2,727/year at 25%), and preserve cash for marketing, with approval in 24 hours.

Types of Asset Finance

Choose from four main asset finance options, each tailored to different business needs:

• Hire Purchase: Make payments to use the asset, with ownership after the final payment, including any balloon. Learn more.
• Chattel Mortgage: Own the asset from the start, with the financier holding a mortgage until repaid. Learn more.
• Finance Lease: Lease the asset with options to purchase, return, or extend at the end. Learn more.
• Operating Lease: Lease the asset and return it at term end, with no residual obligation. Learn more.

Example: A transport business finances a $66,000 van (including $6,000 GST) via a hire purchase over 4 years at 6% interest. They claim $6,000 GST upfront, deduct $2,500 annual interest (saving $625/year), and gain ownership after a 10% balloon payment.

Assets You Can Finance

Asset finance covers a wide range of business assets across industries:

• Vehicles: Utes, vans, trucks, and trailers for transport or trades
• Machinery: Excavators, tractors, and cranes for construction or farming
• Medical equipment: Imaging systems, dental chairs, and diagnostic tools for healthcare
• Technology: Computers, servers, and POS systems for startups or retail
• Other equipment: Forklifts, irrigation systems, or office fit-outs

Example: A dental practice leases a $77,000 X-ray machine (including $7,000 GST) via a finance lease, paying $1,925/month (including $175 GST). They claim $2,100 GST annually and deduct $21,000 annual payments (saving $5,250/year at 25%).

Industries We Serve

Asset finance supports a variety of Australian industries, including:

• Construction: Finance excavators, cranes, and trucks
• Farming: Fund tractors, harvesters, and irrigation systems
• Transport: Acquire vans, trucks, and trailers
• Healthcare: Invest in diagnostic and medical equipment
• Trades: Purchase tools, utes, and trailers
• Startups: Finance computers, servers, and office fit-outs

Example: A farmer finances a $132,000 harvester (including $12,000 GST) via a low doc chattel mortgage, providing bank statements. They claim $12,000 GST, deduct $5,000 annual interest (saving $1,250/year), and depreciate $120,000 over 15 years (e.g., $12,000 in year 1, saving $3,000).

Low Doc, No Doc, and Alt Doc Options

For businesses with limited financial history, we offer accessible documentation options:

• Low doc finance: Minimal paperwork (e.g., bank statements, BAS), ideal for ABNs under 2 years
• No doc finance: No financial records, requires deposits (10–20%) or credit checks
• Alt doc finance: Alternative documents (e.g., accountant’s letter, projections) for irregular income
• ATO guide: Record-Keeping for Business

Example: A new retailer uses no doc finance for a $22,000 display unit (including $2,000 GST) via an operating lease, providing a 15% deposit. They claim $900 GST annually, deduct $9,000 annual payments (saving $2,250/year), and secure approval in 24 hours.

Tax Benefits of Asset Finance

Asset finance offers significant tax advantages, but eligibility depends on the finance type and business structure. Always consult your accountant for ATO compliance.

• GST claims: Claim GST upfront (hire purchase, chattel mortgage) or via lease payments (finance/operating lease) through your BAS. ATO GST Guide
• Interest deductions: Deduct interest on hire purchase or chattel mortgage payments
• Lease payment deductions: Deduct full payments for finance or operating leases
• Depreciation: Claim for owned assets (hire purchase, chattel mortgage) over the asset’s effective life. ATO Depreciation Tool
• Instant asset write-off: Deduct the full cost of assets up to $20,000 (turnover under $10 million, extended to 30 June 2025, pending legislation). ATO Instant Asset Write-Off

Example: A tradie finances a $33,000 ute (including $3,000 GST) via a low doc hire purchase. They claim $3,000 GST, deduct $1,800 annual interest (saving $450/year), and deduct $30,000 via instant asset write-off (saving $7,500 at 25%), assuming eligibility.

Why Choose Asset Finance?

Asset finance is a smart choice for Australian businesses because it:

• Supports growth: Access critical assets without large upfront costs
• Maximises tax savings: Leverage GST, deductions, and write-offs
• Offers flexibility: Tailored solutions for startups, tradies, and large firms
• Simplifies approvals: Low doc/no doc options for new businesses
• ATO guide: Business and Professional Items for financial planning

Example: A logistics firm finances a $55,000 truck (including $5,000 GST) via a no doc chattel mortgage with a 10% deposit. They claim $5,000 GST, deduct $2,500 annual interest (saving $625/year), and depreciate $50,000 over 8 years (e.g., $12,500 in year 1, saving $3,125).

ATO Tools and Guides for Compliance

Use these ATO resources to ensure tax compliance and maximise benefits:

• Depreciation and Capital Allowances Tool: Calculate depreciation and write-off eligibility. Access tool
• GST and Your Business: Manage BAS and GST claims. Access tool
• Instant Asset Write-Off Guide: Check eligibility and thresholds. Read guide
• Record-Keeping Guide: Maintain records for audits. Read guide
• myDeductions Tool: Track expenses via the ATO app. Access tool

Get Started with Asset Finance Today

Whether you're a startup, tradie, or established business, asset finance offers a tax-effective, flexible way to acquire the assets you need to grow. With fast approvals, low doc options, and ATO-backed tax benefits, we make financing simple and accessible. Contact us today to find the perfect solution for your business!