Equipment and vehicles

Asset finance Australian businesses use to keep moving

Trucks, machinery, tools, vehicles and technology keep your business earning. We compare chattel mortgages, leases and hire purchase so you can get the equipment you need without draining working capital.

Trucks, machinery and equipment
Chattel mortgage and lease options
Low-doc options for ABN holders

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Reviewed by Amandeep Singh Rosha, Credit Representative 581412Updated 6 October 2026Helping clients Australia-wide

Overview

Asset finance in Australia: keep cash working in your business

Buying equipment outright can tie up cash you need for wages, stock and growth. Asset finance lets you spread the cost of a truck, excavator, forklift, commercial vehicle, medical equipment or IT system over its working life, using the asset itself as security. Our asset finance team, led by Himanshi, works with tradies, transport operators, builders, clinics and manufacturers across Australia. We compare lenders on rate, fees, term and flexibility, and help you match the finance to the way the asset earns income. We work with businesses right across Australia, by phone, email or Google Meet.

There are three common structures. With a chattel mortgage, you own the asset from day one and the lender takes a mortgage over it until the loan is repaid. With a finance lease, the lender owns the asset and you pay to use it, with an option to buy it for a residual amount at the end. With hire purchase, the lender owns the asset while you pay it off and ownership passes to you with the final payment. Each is treated differently for GST and tax, so your accountant should confirm which suits you.

Lenders consider the asset type, its age and resale value, how long your business has held an ABN, and your trading history. Established businesses may qualify for low-doc options with fewer financial statements, while newer businesses may need more detail. Some asset finance facilities involve a fee, which we always disclose upfront in writing. If you need funding for broader business purposes, see our business loans. Not sure how broking works? Read about working with a broker.

Why RiseMore

Why businesses choose us for asset finance

Preserve your cash flow

Spreading the cost of equipment over its useful life keeps working capital available for wages, stock and unexpected costs, instead of tying it up in one purchase.

Right structure for you

We explain the practical differences between chattel mortgages, finance leases and hire purchase, then coordinate with your accountant on the tax and GST side.

Heavy vehicles and machinery

From prime movers and tippers to excavators and forklifts, we know which lenders are comfortable with specialised and higher-value assets.

Low-doc pathways

Established ABN holders may qualify with fewer documents, which can speed up approval when you need equipment quickly for a new contract.

Terms and residuals that fit

We match the loan term and any balloon or residual to the asset's working life and your cash flow, so repayments stay manageable.

Dealer and private purchases

Whether you buy from a dealer, at auction or from another business, we manage the lender's requirements and payment to the supplier.

Is this for you?

Businesses we finance equipment for

Every situation is different. If yours isn't listed, ask us anyway. Chances are we've seen it before.

Check my options

Tradies buying utes, vans and tools

Transport and logistics operators buying trucks and trailers

Builders and civil contractors buying machinery

Medical, dental and allied health clinics

Manufacturers, warehouses and food businesses

Start-ups and sole traders with an ABN

How it works

How we arrange your asset finance

Discuss the asset

We talk about the equipment you need, its price, whether it is new or used, and how it will generate income or save costs for your business.

Choose the structure

We compare chattel mortgage, finance lease and hire purchase, and suggest you confirm the tax and GST treatment with your accountant before deciding.

Compare lenders

We present options with rates, fees, terms and any residual or balloon, and explain any broker fee in writing before you proceed.

Approval and invoicing

We lodge your application, obtain approval and arrange the tax invoice from the supplier, including any extra checks for used or private sale assets.

Settlement and delivery

The lender pays the supplier, you take delivery and start using the asset. We then keep in touch for upgrades, additional equipment or refinancing.

Get prepared

What to prepare for asset finance

Having these ready speeds everything up. Don't worry if something's missing; we'll tell you exactly what each lender needs.

Run the numbers first

Your ABN and business registration details
Driver licence or ID for each director or owner
Supplier quote or tax invoice for the asset
Recent business bank statements
Latest tax returns and financial statements, for full-doc loans
Recent BAS statements, for some low-doc loans
Details of existing business debts and leases
Serial number or VIN for the equipment or vehicle
An accountant's letter, if requested by the lender

FAQs

Asset Finance: your questions answered

What is a chattel mortgage?

A chattel mortgage is a business loan used to buy a vehicle or equipment, where you own the asset from the start and the lender takes a mortgage over it as security. Once the loan is repaid, the mortgage is removed. Businesses registered for GST may be able to claim the GST on the purchase price, and interest and depreciation may be deductible. Your accountant should confirm how this applies to you.

What is the difference between a finance lease and hire purchase?

With a finance lease, the lender owns the asset and leases it to your business for an agreed term, usually with a residual you can pay to take ownership at the end. With hire purchase, the lender also owns the asset while you make payments, but ownership passes to you automatically with the final instalment. The tax and GST treatment differs between them, so check with your accountant.

Can a new business get equipment finance?

Yes, although options are narrower. Lenders usually prefer an ABN that has been active for a period and some trading history, but some will consider newer businesses, especially if the directors have industry experience, a good credit history, a deposit or property as extra support. We match you with lenders whose policies suit newer businesses and explain what they will need to see.

Can I finance used equipment or a used truck?

Often, yes. Lenders consider the age, condition, resale value and expected working life of the asset. Many set a maximum age at the end of the loan term, so an older asset may need a shorter term or a larger deposit. Private and auction purchases may require an inspection or valuation. We check these requirements before you commit to buying so there are no last-minute surprises.

Can I claim GST and tax deductions on financed equipment?

It depends on the finance structure, how the asset is used and whether your business is registered for GST. For example, the GST treatment of a chattel mortgage is different from a lease, and depreciation or instant asset write-off rules change from time to time. We are not tax advisers, so we recommend your accountant confirms the treatment before you choose a structure.

Do you charge a fee for asset finance?

For some asset and commercial facilities, a broker fee may apply, depending on the size and complexity of the deal. Lenders may also charge establishment and documentation fees. Whatever applies, we disclose all fees to you upfront and in writing before you proceed, so you can compare the full cost. There are no surprise charges at settlement.

Free consultation

Need equipment to grow?

Send us the quote for the asset you need and we will compare finance options and structures for your business.

Book a free chat info@risemorefinance.com.au

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