Vehicle & Equipment Finance

Buying a Vehicle or equipment, We make Equipment Finance Easy!

Whether You're Wanting a New Vehicle, Plant or Machinery, We're on Your Side

At Premium Finance Group Australia, we understand that securing the right Equipment Finance is crucial for businesses across Australia. Whether you're a small local business or a nationwide operation, having access to the right finance options can make all the difference when it comes to buying new equipment or upgrading existing assets. Our services are designed to help you find the best loan options to meet your business needs, ensuring you can acquire the office equipment, work vehicles, or specialised machinery required to keep your operations running smoothly.

Accessing Equipment Finance options from banks and lenders across Australia can seem complex, but with our streamlined application process, it becomes a straightforward task. We focus on providing you with clear and concise information about interest rates and loan amounts, helping you make informed decisions that align with your financial goals. Whether you're looking to finance a new truck, trailer, excavator, or even a crane, our team is here to guide you through the process. We specialise in commercial equipment finance, offering a range of finance options such as chattel mortgage and Hire Purchase, each allowing for fixed monthly repayments that help manage cashflow effectively.

When applying for equipment finance, one of the key considerations is understanding the type of finance that best suits your business. For businesses investing in long-term assets like factory machinery or graders, a chattel mortgage might be the ideal solution. This option allows you to use the asset as collateral while enjoying the benefits of owning the equipment from day one. Alternatively, Hire Purchase agreements can be arranged, where you rent the equipment for the life of the lease with the option to purchase it at the end. Both options offer distinct advantages depending on your cash flow requirements and long-term business strategy.

The types of equipment you can finance are diverse, covering everything from office equipment to specialised machinery. If you're in construction or agriculture, financing equipment like tractors, dozers, and cranes is essential for maintaining productivity and efficiency. For those in logistics or transport, work vehicles and trucks are vital assets. Our comprehensive range of loan options ensures that no matter what your business needs are, we have a solution that fits. Moreover, our tailored approach means we consider each client's unique situation, offering personalised advice to ensure the best possible outcomes.

Choosing the right Equipment Finance is not just about securing funds; it's about making a strategic decision that supports your business's growth and sustainability. With Premium Finance Group Australia, you have a partner who not only provides access to a wide array of lenders but also offers expert guidance every step of the way. Our goal is to ensure you have the necessary tools and equipment to thrive in your industry without unnecessary financial strain.

If you're looking to explore your Equipment Finance options or need assistance with applying for equipment finance, our team is ready to assist. We invite you to contact us today to discuss how we can help you secure the equipment needed for your business. With our expertise and commitment to client satisfaction, we are dedicated to supporting businesses in Townsville and across Australia in achieving their financial objectives. Let us help you find the right finance solution that aligns with your business goals.

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Frequently Asked Questions

What makes you different from going directly to a bank?

Banks can only offer their own products and lending rules. We work with a broad panel of major banks, non-bank and specialist lenders, giving us the ability to compare a wide range of finance options and structures to find the right fit for your circumstances.

We also look beyond the individual loan. Where appropriate, we can help diversify your lending across different lenders and structures, reducing concentration risk and helping you maintain greater flexibility and control over your business and personal assets.

What is the best way to finance a business vehicle or equipment?

The right structure depends on what you're buying, how the asset will be used, your business cash flow and how long you intend to keep it.

Typically for most businesses a Chattel Mortgage or Commercial Loan is the recommended finance product, this is because the product gives the business full control and ownership of the asset with all the claimable benefits available to the business. We arrange finance for business cars, utes, trucks, trailers, machinery, plant and other equipment across a wide range of lenders. Our process is to obtain our clients highly competitive rates and more importantly the right structure and agreement that does not create risky charges from lenders. We consider the overall finance structure, including loan term, deposit, balloon or residual, repayment requirements and lender security, so the finance works with your business rather than unnecessarily tying up cash or other assets.

We can also arrange finance for new and used assets purchased through dealers, suppliers or, with selected lenders, private sellers.

Can I get business vehicles or equipment finance without providing full financial statements?

In most cases, yes.

Established businesses are generally eligible for streamlined or reduced documentation asset finance depending on the amount being borrowed, the asset, your ABN and GST history, credit profile and the lender's individual policy.

Lenders however, are not the same, they have different rules when considering the above, it's important to have representation from a good finance broker who knows the landscapre and can workshop your position if necessary before applying anywhere.

We work with a wide range of business asset finance lenders, each with different credit policies and documentation requirements. We can assess your position first and identify lenders that are more likely to suit your circumstances before an application is submitted.

This can be particularly useful when you need to purchase a vehicle or equipment quickly without going through a lengthy full financial assessment.

Should I use a business overdraft, line of credit or working capital loan?

It depends on what you're trying to fund.

A business overdraft or line of credit can be useful for managing ongoing cash flow fluctuations because funds can generally be accessed quickly, repaid and used again within the approved limit. A term business loan may be more appropriate when you need a defined amount for a particular purpose or investment.

We look at how cash actually moves through your business, what the funding is being used for and how quickly it is likely to be repaid before recommending a structure.

The objective isn't simply to obtain more debt, it's to put the right funding in place so your business has access to capital when it needs it without unnecessarily restricting future growth or putting assets at risk.

How much can I borrow to buy a commercial property?

Commercial property lending varies considerably between lenders and depends on the type of property, its location and use, your deposit or available equity, lease arrangements and the financial strength of the borrowing business or investment entity.

We arrange commercial property finance for business premises, industrial property, warehouses, offices, retail and investment properties through major banks and specialist commercial lenders.

For business owners, we also look at how the purchase fits alongside your existing business lending, property debt and available security. Structuring this correctly can be just as important as the interest rate, particularly when you want to preserve equity and borrowing capacity for future opportunities.

Can my SMSF borrow to buy a commercial property for my business?

Generally, yes.

An SMSF can, subject to superannuation rules and the correct legal structure, borrow to acquire certain commercial property. For business owners this may include premises that are subsequently leased to their operating business under appropriate commercial arrangements.

SMSF lending is a specialist area and lender policies can vary considerably. We compare SMSF commercial property lenders and work alongside your accountant, financial adviser and solicitor to coordinate the lending component of the purchase.

Because the SMSF, borrowing structure, property and lease arrangements all need to work together, it's important to investigate the finance position before committing to a property.

I'm self-employed. Can Premium Finance Group Australia help with my investment property or home loan as well as my business finance?

Yes. This is one of the advantages of working with Premium Finance Group Australia.

Business owners often have income spread across salaries, company profits, dividends, trusts or other entities, which means their financial position doesn't always fit neatly into a standard home loan application.

We understand business financials and can consider lenders with different approaches to assessing self employed income for home loans, investment property finance and refinancing.

More importantly, we can look at your business and personal lending together. That helps avoid making a decision on a home, investment or business loan today that could unnecessarily restrict your borrowing capacity, security position or options later.

Do your services cost anything?

It costs absolutely nothing to speak with us.

In most cases, we're paid by the lender, which means our services will not cost you anything directly. We'll always explain how we're remunerated so you can make an informed decision.

Can you help refinance or restructure existing loans?

Absolutely. Refinancing can help you secure a lower interest rate, change repayment obligations, access equity in property, divesify debt risk and help protect your assets when there is business debt. We access loan options from banks and lenders across Australia and provide you options and recomendations to consider.

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