Equipment Loans

As your business grows, so do the number of decisions you have to make regarding finance and equipment. The decisions like whether to buy assets outright or organise a Loan are important to the success of your business.

Equipment loan for your business

This will depend on your circumstances at the time. What you need is experienced, objective advice to assist in making decisions about your business capital needs.

Time equals money, so does choosing the best finance option therefore you need have expert advice and quick turn around.

Here is what you should basically consider when purchasing your next truck or equipment:

How should I pay for my equipment loan?

Buying outright may effect your cashflow therefore financing your next purchase may be worth a consideration. Consult your accountant as well so you are informed of the tax implications to your business.

Which finance options are available to me when getting an equipment loan?

There are so many ways to finance trucks or equipment. An expert in equipment finance should ask you qualifying questions to uncover the best solution to your needs. Broadly speaking, you have the following options:

Hire Purchase
Finance Lease
Operating Lease
Novated Lease
Chattel Mortgage

Equipment loan repayment calculator

A value is required.
1 Year 2 Years 3 Years 4 Years 5 Years Please select an item.
7.00% 7.25% 7.50% 7.75% 8.00% 8.25% 8.50% 8.75% 9.00% 9.25% 9.50% 9.75% 10.00% 10.25% 10.50% 10.75% 11.00% 11.25% 11.50% 11.75% 12.00% 12.25% 12.50% 12.75% 13.00% 13.25% 13.50% 13.75% 14.00% 14.25% 14.50% 14.75% 15.00% 15.25% 15.50% 15.75% 16.00% 16.25% 16.50% 16.75% 17.00% 17.25% 17.50% 17.75% 17.95% Please select an item.
A value is required.

Equipment loan interest rates

As at 1/5/09

Fixed rate from: 8.75 % p.a.*

Our Rates		The Banks
Cars from	8.95%*	ANZ	Personal Loan rates from	13.35%†
Bikes from	8.95%*	Westpac	Personal Loan rates from	13.89%†
Boat from	8.75%*	CBA	Personal Loan rates from	12.80%†
Commercial from	7.50%*	NAB	Personal Loan rates from	12.59%†

 

What other factors should I consider?

• Don’t only consider your current business needs but also your future growth. You don’t want to settle for a finance option that is a ‘quick fix’ and then pay for it in the long term.
• Make sure you understand what you are getting into. There is nothing worse than having a ‘finance person’ talk to you in jargon. Make sure that everything is explained in lay mans terms and you feel comfortable with the final decision.
• Go to a finance broker who can offer you a range of finance solutions rather than one. Avoid closing off your options.
• Finally, make sure you get a pre-approval before shopping around. Each business needs are unique so when you find the right truck you don’t want to get caught in finance ‘red tape’. The best way to avoid this is to get your pre-approval and then shop for the truck.
  At National Loan Solutions we can organise finance for:
  • cars, utilities and light commercial vehicles
    trucks and buses
  • forklifts, cranes and earthmoving equipment
    computing and office equipment
  • printing, medical and manufacturing equipment
  • industrial plant equipment

Apply online! It takes 5 minutes!

*Terms, fees and conditions apply. To approved applicants only. Rates are guide only and assume clear credit.
†rates advised on their respective websites. Information correct as at 1st May, 2009