Machinery & equipment finance that pays its own way
Coffee machines, kitchens, IT, medical gear or workshop machinery: spread the cost over the asset’s working life.
- Free to compare
- A specialist partner broker, start to finish
- No credit score impact
Typical ranges only. Actual limits depend on the lender and your circumstances.
Example rate only: not a comparison rate, quote or offer of credit. Your rate depends on your credit profile, the lender and the asset. Excludes fees and charges.
How machinery & equipment finance works with us
New equipment should make money, not tie up cash. Finance lets it pay for itself from the revenue it helps earn.
Read more
Your broker compares chattel mortgages, leases and rentals, explaining ownership and tax differences plainly.
- Commercial kitchens
- IT and servers
- Medical and dental equipment
- Workshop machinery
- Fitness equipment
- Solar for business
- Printing and signage
Preserve cash flow
Keep working capital for wages, stock and growth.
Flexible structures
Own, lease or rent: whatever suits your business.
New or used
New equipment or quality second-hand assets.
Upgrade paths
Leasing can ease regular technology refreshes.
Equipment finance structures: chattel mortgage, lease, rental and hire purchase
You can own equipment via a chattel mortgage, lease it, or rent it and upgrade. Assets with strong resale markets are easier to finance; specialised gear may need a larger deposit, shorter term or extra security.
Read the full explanation
Equipment finance comes in a few forms. A chattel mortgage gives your business ownership straight away, with the lender holding security over the asset. A finance lease means the lender owns it and you pay to use it, with an option to buy at the end. An operating lease or rental agreement is closer to renting: you use the equipment for a set period and can hand it back or upgrade. This can suit fast-dating assets like IT and medical gear. Your accountant can confirm how each is treated for tax.
Lenders also care about the type of equipment. Assets with a strong second-hand market, such as commercial kitchen gear or workshop machinery, tend to be easier to finance than highly specialised or software-heavy items. For specialised or custom equipment, a lender may want a larger deposit, a shorter term or extra security. Your broker considers the asset's useful life and resale market when suggesting a structure.
- Hospitality venues fitting out kitchens
- Medical, dental and allied health practices
- Workshops and manufacturers buying machinery
- Offices upgrading IT and phones
Pros and watch-outs
Pros
- Spreads cost over the asset’s working life
- Rentals make upgrading easier
- New and used equipment may be financed
- Keeps bank facilities free for other needs
Watch-outs
- !Specialised gear may need a larger deposit
- !Rentals and leases may not lead to ownership
- !Software and services are harder to finance than hardware
Costs and fees to compare
The interest rate is only part of the cost. Ask your broker to show these side by side.
Interest or rental
Depends on structure, asset type and business profile.
Establishment fee
A one-off lender fee, possibly rolled into the facility.
Residual or balloon
An end amount that lowers repayments; pay out or refinance.
Installation and delivery
Some lenders include these if on the supplier’s invoice; others won’t.
End-of-term options
Rentals and leases may have return conditions or buyout costs; read carefully.
Tips to strengthen your application
- 1Match the term to the equipment’s expected useful life
- 2Get a formal quote with installation and freight itemised
- 3For fast-dating tech, ask about rental or upgrade terms
- 4Check tax incentives, including instant asset write-off, with your accountant
What you’ll need
What you’ll need
- ABN and business registration
- Driver's licence (each director or owner)
- Recent business bank statements
- BAS or financials (full-doc loans)
- Asset invoice or quote
What lenders look for
- Active ABN (some lenders want 12+ months; others accept newer)
- GST registration for larger or low-doc deals
- Mainly business use (usually over 50%)
- Clear owner or director credit, or a good explanation for issues
First chat to funds in four steps
How it works in detail →- 1Tell us what you’re after
- 2Meet your broker
- 3Compare and choose
- 4We handle the rest
Machinery & equipment finance: common questions
What types of equipment can be financed?
Most business equipment with a resale value, including kitchens, IT, medical, fitness, workshop and industrial machinery.
Can I finance second-hand equipment?
Yes, often from dealers and sometimes private sellers. The lender may want to confirm value and condition.
Lease or chattel mortgage?
With a chattel mortgage you own the equipment. With a lease the lender owns it and you pay to use it. Your accountant can advise on which suits your tax position.
Can I bundle installation costs?
Often, yes, when they are part of the supplier invoice.
Is equipment finance tax deductible?
Interest, depreciation or lease payments may be deductible depending on the structure and how the equipment is used. Rules and thresholds change, so check with your accountant before you buy rather than relying on the finance structure alone.
Can I finance equipment for a new business?
Some lenders do finance equipment for newer businesses, particularly lower-value assets or where the owners have industry experience. A deposit or extra documentation may be needed. Your broker can approach lenders that are open to newer ABNs.
What is an equipment rental agreement?
It is an arrangement where you pay a regular amount to use the equipment for a set term, without taking ownership. At the end you may be able to return, upgrade or sometimes buy it. It can suit equipment that becomes outdated quickly.
You might also be looking at
Useful calculators
Free, quick and no credit check. All calculators
Let’s finance your next machine
Two minutes to start, and comparing options won’t affect your credit score.