Vehicle and Equipment Finance Offers Value to Any Business

Every business has different needs. But each one needs equipment to operate. Some material is needed long term, while the rest may be useful only for a limited duration. As a business owner you know what works best for you. In Australia, lenders offer flexible vehicle and equipment finance plans, so be active in using these plans to boost the work flow and use capital more wisely. Savvy business owners will use this leverage to make more of less in any economic climate.

Even when the economy is doing well, operating a business is not easy. There are many demands on precious capital, and earnings will vary. Think of careful planning as a tool. You want to swim to success, not sink under stress. This is where the efficient use of business assets comes in handy.

Every company should have an asset management programme in place. Being haphazard can be wasteful. An asset management programme puts in place a system for the planning, use, management, and recycling of company assets. Thinks smart! Vehicle and equipment finance is a key part of this strategy and impacts the return on your investment.

Consider the Following before Developing an Asset Management Strategy:

  • Financial Aims – What is the basic aim? Is it to get a return on net assets? Or, is the basic aim about improving cash flow? Go with the flow. Establish guidelines that match financial aims and needs of the business.

  • How Long Will the Apparatus Be Used? – Keep estimates of obsolescence in mind. Consider how long it will be useful.

  • Maintenance and Insurance Costs – What would be the annual associated insurance and maintenance costs? Would keeping an asset for an extra year be worth the cost?

  • Flexibility – When does using certain financing options make more sense? For instance, leases allow usage for a certain time period. Nothing is set in concrete. Operational needs for different types of tools may vary from one project to the next.

  • Assess Expected Expansion – Expectations will guide decisions to lease, own. or rent different types of tools. Consider that slower periods and spurts of growth require changes in what you have on hand. Be alert! You will need the freedom to dispose and add assets.

  • Financing Options – Consider the lease type and its impact on future equipment needs and renewal terms. Is it possible to make extra purchases under the terms of the original contract? Be smart! A lease programme that allows a stable expenditure of capital works best.

Consult financing specialists to make informed choices. What are the most flexible options with the best rates? Look for a trustworthy and experienced vehicle and equipment finance service. Contact Equipment Loan Centre of Australia at http://www.EquipmentLoanCentre.com.au/

Get Approved Fast on Loans for Equipment

It’s so exciting: you have just been cleared to launch your business! You cannot wait to get your gear and get out on the town to make some money. Problem is you need some new equipment, and you need a loan. If you are looking to purchase equipment for the first time, or if you are trying to replace an old, junky machine, it is important that the process of obtaining loans for equipment be as easy and painless as possible.

People who own equipment take pride in it, for their equipment is part of their livelihood. That is why it is critical to invest in the best equipment available for your needs and budget. Important items to consider include:

  • Type of machine: You are probably aware that most equipment houses carry diggers, mowers, generators, forklifts, and any other machine you can think of. However, you do not want just any other digger, mower, or whipper snipper — you want the best. Salespeople will work with your needs and budget to get you the best equipment possible.

  • Loan applications and approval: Often, this is why people steer away from buying equipment in the first place. Fortunately, applying for a loan for equipment is now easier than ever. If you have your credit score, creditors will work with you from start to finish to get your loan approved efficiently and quickly so you can get your equipment in no time! You can apply either in person or online.

  • Interest rates: When selecting a creditor, make sure you know what your interest rate will be for your loan, and whether that rate will be fixed or accruing. Be sure it is a fixed interest rate, so your loan won’t spiral out of control!

  • Loan customising: Your loan application is not like others, so do not settle for a creditor that will treat you like just another credit score. Quality creditors will work with you to customise your loan and financing solutions to your needs, including a repayment plan that works with your budget. Do not settle for less than you deserve — customise your loan!

If you need a loan for equipment, get approved at Equipment Loan Centre today! Our creditors will work with you to get you approved fast, and even customise your loan and financing solutions for you to get that loan paid back in no time. Whether you need a loan for a brush cutter or a forklift, we have financing options for you. If you are in the Queensland area, come in today to apply, or visit our website at http://www.equipmentloancentre.com.au

What You Need to Know about Equipment Finance Rates

Owning a business of any type comes with a long list of hassles and concerns, one of which can easily be applying for an equipment loan. While leasing is certainly an option, and buying equipment without having to open a line of credit is obviously preferable to alternatives, sometimes you just have to apply for an equipment loan so you can get what you need for your business. But before you apply for a loan, be sure to know these few important facts about equipment finance rates:

Equipment Finance Rates Vary

This one is obvious, but it is still incredibly important to know. Equipment finance rates can vary due to a number of factors. Terms are different if you are buying computer equipment, cars, trucks, or other types of vehicles, and it is also is important to determine if you are buying your equipment new or used, as some loans might only cover a certain portion of your total costs. Be sure to pay attention to the terms and know what you want!

Rates also vary from lender to lender, so you need to be sure to look around. Some lenders will have a longer application process, but there are plenty available places to find good equipment finance rates, so don’t be too concerned if you feel like your credit history might hold you back.

Equipment Rates Are Fixed

While the financing rates for equipment loans might vary from lender to lender, once you sign the paperwork, they are fixed in! They won’t fluctuate up and down like other loans, so you can take comfort in the consistency of what you will be paying. This makes repayment exceedingly easy to plan out, which can easily cut down on the work and stress that comes with running a businesses.

Your Rates Can Be Determined by Your Credit History

While there are many lenders available who are willing to give you an equipment loan, their biggest determining factor is your credit history. If you have solid credit history, many lenders will not only be willing to grant you an equipment loan, but will give you a great rate. Others might accept you, but only be willing to give you one of their highest rates. So be aware of your credit history and how that could affect the finance rate for your equipment loan!

Keep all these things in mind before you apply for an equipment loan, and if you truly want a hassle-free loan process, contact Equipment Loan Centre to get he best rates on equipment loans!

Equipment Finance Interest Rates in Australia are Still Low

Financing equipment is a necessary process that many businesses require in order to be in business. Rare is the construction company or lawn maintenance firm that can afford to buy their heavy equipment outright for cash.

Today’s low interest rates on loans of all types are reflected in the equipment finance interest rates. This is giving businesses the opportunity to qualify for loans on new or updated equipment that they otherwise might not be able to afford.

Equipment can be financed using several different types of commercial loans, including:

  • Chattel mortgage – This is a secured loan where the lender takes out a mortgage on the asset being purchased. Advantages include fast approvals, fixed payments, low relative rates, and flexible terms.

  • Finance lease – Here the financier essentially buys the equipment and leases it back to the borrower for a flat monthly fee and a surcharge at the end of the lease. The repayment could be claimed as a tax deduction, depending on the business use structure.

  • Commercial hire purchase – This again is a payment plan in which the financier is the owner of the property. You will be able to deduct the depreciation of the item from taxes and claim any Government Sales Tax on fees or interest and the purchase price. Deposits or trade-ins can be used to lower the loan amount and monthly payments.

In these loans, the asset being purchased is commonly what is used for collateral, so the lender will want to see financial statements, cash flow, and other indicators that show how this asset will help the business generate more income over the life of the equipment.

Paperwork can slow loan approval

Since the equipment itself is being used as security for the loan, this can make it a little easier to obtain a loan directly from a bank. Nevertheless, any lender is going to require a great deal of documentation concerning the financial aspects of the loan and equipment to be purchased, so borrowers can expect the loan processing to take longer than a typical car loan.

Due to the lender’s need for justification for the loan, the borrower will need to take care about deciding when and what type of equipment to purchase. But given that today’s interest rates are so favourable, businesses of all types should contact their lender and look into the opportunities to make equipment purchases.

Equipment Loan Centre is a local, family owned and operated business, that has been buying and providing equipment loans for Brisbane and Springwood residents for over 20 years. Go to, http://www.equipmentloancentre.com.au to for an obligation free consultation.