Finance for the vehicles, equipment and machinery your business relies on, without tying up working capital.
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 structures such as chattel mortgages and finance leases against their goals and tax position.
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.
Straightforward applications with good documentation can often be turned around quickly, though timing depends on the lender and the complexity of your situation.
We compare asset finance structures across our panel, then explain the trade-offs in plain terms before you decide.
Book a Strategy CallReach Manish directly on 0408 987 547.
Already have a loan? Find out if it still fits with a free, no-obligation review.
Learn more