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Vehicle and Equipment Loans

Vehicle Finance

There are multiple types of loans to consider when purchasing a commercial vehicle. The most common type of commercial car loan is a chattel mortgage. A chattel mortgage allows you to borrow funds to purchase a vehicle that you take ownership of. You may also choose to lease a vehicle through a finance lease, where you make payments to use the vehicle, but ownership of the vehicle is retained by the leasing agency. Another option to consider is a hire purchase, where the lender retains ownership of the vehicle while the borrower makes payments on the vehicle. When the final payment of the hire purchase is completed, ownership of the vehicle is transferred to the borrower.

If you’re looking for a vehicle for an employee, a novated lease is also applicable. A novated lease is a contract between an employee, the employee, and the lending agency, where the employee takes responsibility for the contract, yet the employer makes the payments on the vehicle.

Each type of vehicle financing has its own set of advantages and disadvantages. If you aren’t sure what type of finance is right for you, or you want to know all your options before you decide, call us on (08) 8260 8161 and we’ll talk through your options with you.


Equipment Finance

We can also source financing for your company’s equipment needs. Some of the equipment we finance includes;

  • Trucks
  • Farming equipment
  • Plant
  • Machinery
  • Office equipment
  • IT equipment
  • Security systems
  • Retail systems

Our equipment financing isn’t limited to what we have listed above. Let us know what you’re looking for and we’ll work to get you the financing you need.