Whether you need to purchase a new vehicle, upgrade business equipment, or fund heavy machinery, asset finance is one of the most flexible and tax-effective ways to do it. At RAI Financial Services in Castle Hill, we compare asset finance options across a wide panel of lenders to find the right structure for your needs.
The most common asset finance product for businesses. You own the asset from day one, and the lender takes a charge over it as security. You can claim the GST upfront on your BAS, and depreciation and interest may be tax-deductible. Suitable for businesses registered for GST.
The lender purchases the asset and leases it to you for an agreed term. At the end of the lease, you typically have the option to purchase the asset, continue leasing, or return it. Lease payments may be fully tax-deductible as a business expense.
Similar to a chattel mortgage, but the lender retains ownership until the final payment is made. You gain use of the asset immediately and take ownership at the end of the term. Popular for businesses wanting fixed repayments and a known end date.
We also arrange personal car loans for individuals purchasing new or used vehicles. We compare rates across lenders and find a loan that fits your budget, with repayment terms typically between one and seven years.
No. Asset finance is available to both individuals and businesses. Personal car loans are a form of asset finance available to anyone. Business-specific products like chattel mortgages and finance leases offer additional tax benefits for eligible businesses.
Many asset finance products do not require a deposit, particularly for new assets with a strong resale value. Used or specialised assets may require a contribution. We’ll advise based on the specific asset and lender.
Yes. Many lenders will finance used vehicles and equipment, though the terms may differ from new asset finance. The asset’s age, condition, and residual value all play a role in the lender’s assessment.