Asset Finance

Choosing the right type of asset finance can help save you time and money when investing in your growing your business.

At Spedding Finance, we offer solutions for all areas of asset finance. From commercial vehicles to heavy machinery, and office equipment such as technology and IT requirements.

Asset finance options include:

Chattel Mortgage

Chattel Mortgages are a popular finance solution for many businesses, commonly used for equipment and vehicles. This type of finance option is where the asset and your loan agreement are secured by the asset.

Loan terms are typically up to five years and include great cash flow features.

Commercial Hire Purchases
Commercial Hire Purchases allows you to hire and use the asset of your choosing until the last payment. When you make the final instalment, the title of the asset will be transferred to you.

Commercial hire loans allow you to tailor payment options, including the loan period.

Finance Lease
Finance Lease allows lenders to own the asset however you bear the risk of disposal of the asset at the end of lease. Finance leasing is a popular option for businesses that require the latest vehicles or equipment without tying up a large amount of funds.

A Finance Lease allows you to make payments in advance and loan terms are typically up to five years.

Before considering asset finance, it’s important to know:

• how much do I need to grow my business?
• what are the tax outcomes of asset financing?
• how long do you need the equipment for?

Each finance option suits different commercial needs so, when considering your options, it’s important to have a knowledgeable mortgage broker by your side.

Would you like to learn more about Asset Loans?

Contact us on 0431 080 470 or info@speddingfinance.com.au or fill out our contact form and we will be in touch.