Engaged Finance can help you secure Asset Finance for your business!

Asset Finance

Have you just passed your test? Or are you in need of an upgrade for yourself or your business? Whatever the motivation, getting a new set of wheels can be a great feeling. Ensuring you have the ideal finance backing you is an important part of obtaining and repaying a loan.

The same applies to if the vehicle, equipment or other asset is purchased for your business. At Engaged Finance, we work with asset finance lenders to cater to the continuous demands of business funding.

From vehicles for commercial business operations to medical and healthcare supplies and technology, our team help you obtain the right tools and equipment to your day to day operations and future business growth goals.

For further information on the often complex types of business asset finance options, continue on…

Chattel Mortgage

Chattel Mortgages are a popular finance solution for many business owners. With a Chattel Mortgage, businesses own the asset from the outset and the loan agreement is secured by the asset.

You can also tailor your loan payments by choosing the term – typically up to five years. You can also structure payments to free up cash flow at the times of year you need it most.

Novated Leases

If you are a business who wishes to include a vehicle into a salary package, a Novated lease could be your solution. With a Novated Lease, the financer owns the asset, while you and your employer sign a novation agreement to share the responsibilities of the loan.

Typically, loan terms are from 12 months to 5 years and monthly lease payments and a final residual payment are based on your business circumstances and guidelines set by the Australian Taxation Office.

In many cases, this option is great for trade and corporate businesses.

Finance Leases

With a Finance Lease, the financier owns the asset however the client bears the risk of disposal of the asset at the end of the lease.

This type of lease can benefit businesses that need vehicles or equipment without tying up a large amount of capital. You can also choose lease payments in advance and terms up to five years.

Speak to a broker

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Our team will help you search, choose and settle your loan. Chat to one of our loan specialists at a time that suits you.

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