Finance for the vehicles, equipment and machinery your business relies on, so you can spread the cost over time instead of paying upfront.
Overview
Asset finance lets a business acquire vehicles, equipment or machinery while spreading the cost over time, rather than paying upfront or drawing down working capital. Lendwise Group helps business owners and owner-operators across Melbourne compare finance options such as chattel mortgages and finance leases. We recommend you speak with your accountant about the tax treatment of each.
We work through what the asset is for, how it will be used, and how the repayments fit your business's cash flow, then compare that against a panel of lenders to find a structure that suits.
Broadly, a chattel mortgage means you own the asset from settlement while the lender holds security over it, whereas a finance lease means the financier owns the asset and you lease it for an agreed term. Which suits you depends on your tax position, so we'd recommend confirming the right structure with your accountant.
Yes, most lenders on our panel will finance used assets, though the age and condition of the asset can affect the terms available.
Timing depends on the lender, the asset and how complete your documentation is. We'll give you a realistic timeframe once we understand your situation.
Lendwise Group is paid a commission by the lender and may also charge a brokerage fee, which can be included in your loan. The amount we receive may vary between lenders and loan options. We'll disclose all fees and commissions to you in writing before you proceed. Details are in our Credit Guide.
Send an enquiry
Share a few details for a complimentary, no-obligation lending consultation. Manish will be in touch, usually within one business day.
Manish Mishra, Director
22+ years in banking and finance, including more than a decade as a senior leader in banking. You'll speak with Manish directly.
Call 0408 987 547