cars, utes

Toby Simmons Dec 30, 2020

Are you after a summary of all the most commonly asked questions we get about equipment finance? We have you well and truly covered! In this article, we break down some of the key topics that get discussed when we talk about equipment finance. If there's something you'd like to know more about that's not covered here, give us a call on 1300 787 288 and our friendly team can assist you with your question.

 

Why should I use equipment finance for my business?

Finding the most beneficial way to pay for your business equipment is important. Financing as opposed to paying with cash can have multiple benefits that you might not be aware of. We're put together a guide to all the key benefits of financing your business equipment but here's a quick summary:

Reason 1. Stay up to date with the latest technologies 

Reason 2. Maintain your cash flow

Reason 3. Maintain your working capital 

Reason 4. There are several types of financing available 

Reason 5. Tax benefits

Reason 6. You can get approval quickly

 

Which type of equipment finance is right for me?

There are 4 main types of equipment finance options available. To better understand which type of finance is right for you, there are a few key questions to ask yourself:

  • Is it additional or replacement equipment?
  • Which brand/model do you want/need - and why?
  • Is the equipment considered new, used or refurbished?
  • Will you be using it during operations every day, intermittently, or perhaps seasonally?

 

How do I get the best equipment finance deal?

Running a business is non stop and it's hard to find enough hours in the day to get everything done. That's why we've compiled a list of the most common errors that are made when it comes to equipment finance. This way, you can avoid settling for less and have the power of choice on your side. Here's a quick summary of what we cover in our full article.

Mistake 1. Not being aware of all the finance options available

Mistake 2. Not knowing how much you can afford

Mistake 3. Accepting a lender's cookie-cutter approach

Mistake 4. Not shopping around for the best possible deals

Are you ready to take your business to the next level? We’re ready and raring to work with you to help you achieve outstanding results. Whether you’re in need of a facelift in IT equipment, would like to increase your fleet of heavy vehicles and machinery, you’re after a commercial fitout or something else, we can help. Get in touch with us to discuss your needs by calling us on 1300 787 288 or sending us an enquiry which we’ll respond to ASAP

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