Asset Finance Sydney for Vehicles, Equipment and Machinery
- Fast asset finance for vehicles, equipment and machinery
- Speak with an experienced Sydney asset finance broker
- Fast approvals available for eligible applications
- Low-deposit and low-doc options available
- Access to a specialised panel of more than 40 commercial lenders
What Is Asset Finance and How Can It Help Your Business?
Asset finance helps businesses purchase vehicles, equipment and machinery without paying the entire cost upfront. Instead, the cost of the asset is spread over an agreed finance term, helping your business preserve cash for wages, stock, operating expenses and future growth.
The vehicle or equipment being purchased is generally used as security for the finance. Depending on your circumstances, this may provide access to more competitive rates and longer repayment terms than some unsecured business loans.
CBM Mortgages can help Sydney business owners finance a wide range of assets, including cars, utes, trucks, trailers, earthmoving equipment, medical equipment, technology and manufacturing machinery. We compare suitable options from our panel of commercial lenders and help structure the finance around your business needs and cash flow.
Repayments may be structured monthly, quarterly or seasonally, depending on the lender, asset and strength of the application. This can help align repayments with the income the asset is expected to generate.
WHAT TYPES OF ASSETS CAN WE HELP FINANCE?
CBM Mortgages assists established businesses, sole traders and eligible newer businesses with finance for a broad range of business assets.
Cars, Utes and Commercial Vehicles
Finance may be available for new and used cars, utes, vans and other commercial vehicles used in your business.
Trucks and Transport Equipment
We can assist with finance for trucks, prime movers, trailers, tippers and specialised transport equipment.
Construction and Earthmoving Equipment
Asset finance may be available for excavators, bobcats, loaders, cranes, concrete equipment and other machinery used by construction and civil works businesses.
Medical and Dental Equipment
We help healthcare professionals explore finance for medical, dental, diagnostic and specialist clinical equipment.
Machinery and Manufacturing Equipment
Businesses may be able to finance manufacturing machinery, production equipment, forklifts, warehouse equipment and other income-producing assets.
Technology and Office Equipment
Finance options may also be available for business technology, computer systems, telecommunications equipment and selected office fit-outs.
Choosing the Right Asset Finance Structure for Your Business
The right finance structure will depend on the asset being purchased, how it will be used, your preferred repayment structure and whether your business wants to own the asset from the outset.
CBM Mortgages can explain the available options and compare suitable products from commercial lenders. Your accountant or registered tax adviser should confirm the tax and accounting treatment that applies to your business.
Chattel Mortgage
A chattel mortgage is a type of secured business loan commonly used to finance vehicles, machinery and equipment. Your business purchases and owns the asset, while the lender registers a security interest over it until the finance has been repaid.
Repayments are generally made over an agreed term and may include a final balloon payment. A balloon can reduce the regular repayments, but it leaves a larger amount to be paid or refinanced at the end of the loan.
Depending on the business, its GST registration, the use of the asset and current tax rules, there may be GST, interest and depreciation implications. You should obtain advice from your accountant or registered tax adviser before selecting a finance structure.
Finance Lease
Under a finance lease, the lender purchases the asset and leases it to your business for an agreed period. Your business makes regular lease payments in return for the use of the vehicle or equipment.
A residual amount is normally set at the end of the lease term. Your options at that point will depend on the agreement and may include paying the residual, refinancing it or entering into another arrangement.
A finance lease may suit a business that wants to use an asset without paying the full purchase price upfront. Tax and GST treatment can vary, so your accountant should confirm how a proposed lease would apply to your business.
Operating Lease / Equipment Rental
An operating lease or equipment rental arrangement allows a business to use an asset for an agreed period without purchasing it outright.
This structure may be suitable for technology, medical equipment and other assets that require regular replacement or upgrading. At the end of the term, the asset is generally returned, although the available options will depend on the agreement.
Operating leases can help businesses manage predictable equipment costs and reduce the need to arrange the future sale or disposal of an outdated asset. Accounting and tax treatment should be confirmed with your accountant.
Our Streamlined Asset Finance Process
We assess appropriate options from our commercial lender panel, considering the type and age of the asset, your business history, available financial information and the lender's eligibility requirements.
We help prepare and submit the application with the required supporting documents. Depending on the application, these may include identification, an ABN, a supplier invoice, bank statements or business financial information.
Once the finance is formally approved and the documents are signed, the lender arranges payment in accordance with the approved transaction so you can take delivery of the asset.
Ready to Finance Your Next Business Asset?
Whether you are purchasing a ute for your trade business, a truck for your transport company, equipment for a medical practice or machinery for a growing construction business, CBM Mortgages can help you explore suitable finance options.
We compare asset finance solutions from a specialised panel of commercial lenders and guide you through the application from enquiry to settlement.
Asset Finance for Sydney Businesses
Sydney businesses rely on different vehicles, equipment and machinery to operate and grow. CBM Mortgages helps business owners explore asset finance options suited to the asset being purchased, the financial position of the business and its cash flow.
We can assist construction and civil works businesses seeking finance for excavators, earthmoving equipment, cranes, concrete equipment and commercial vehicles. For transport and logistics businesses, finance may be available for trucks, prime movers, trailers and vehicle fleets.
We also help professional, medical and healthcare businesses explore finance for technology, office equipment, medical equipment and selected fit-outs. Whether your business is based in the Sydney CBD, North Sydney, Macquarie Park, Western Sydney or elsewhere across Sydney, we can compare suitable options from our commercial lender panel.
FREQUENTLY ASKED QUESTIONS ABOUT ASSET FINANCE IN SYDNEY
A balloon payment is an agreed lump sum that remains payable at the end of the finance term. Including a balloon can reduce your regular repayments because less of the principal is repaid during the term.
At the end of the agreement, the business will usually need to pay the balloon from its own funds, refinance the amount or sell the asset and use the proceeds to clear the remaining debt. A balloon reduces repayments during the loan but increases the amount that remains outstanding at the end.
Some lenders consider asset finance applications from newer businesses, including applicants with a recently registered ABN. Approval will depend on factors such as the type of asset, deposit, business experience, credit history, supporting documentation and overall strength of the application.
Where standard financial statements are not available, selected lenders may consider alternative documents such as business bank statements, BAS records, an accountant's letter or evidence of relevant industry experience.
Asset finance may be available with fixed or variable pricing, depending on the lender and product. A fixed rate can provide greater certainty over repayments, while a variable rate may change during the finance term. Fees, repayment structure and any balloon payment should also be considered when comparing options.
Yes, finance may be available for eligible used vehicles, machinery and equipment. The lender will usually consider the asset's age, condition, value, intended use and expected remaining working life
Not always. Some eligible applicants may be able to finance the full purchase price, while others may need to contribute a deposit. Requirements depend on the business, asset, lender and strength of the application.
Straightforward applications with complete supporting information may be assessed quickly. More complex applications can take longer if financial statements, valuations or additional verification are required. Providing the supplier invoice and requested documents early can help avoid delays.