Asset Finance in Mackay | All Finanz & Insurance Solutions Mackay

Asset Finance

When you’re running a small business, you want no-fuss financial solutions. At All Finanz & Insurance Solutions Mackay, we work with you to find the right type of loan so you can purchase the equipment you need.

Asset finance is a secured loan against the business equipment itself which can include vehicles. This makes it an affordable option for small-to-medium businesses that may not otherwise be eligible for a commercial loan.

This type of loan has several advantages, including:

Protecting cash flow by spreading the cost of the acquisition across time.
The asset you’re purchasing is the only collateral required.
Increasing productivity by getting the equipment you need now to grow your business.
Becoming eligible for tax incentives such as asset write-downs and deductions.

To find out more about the types of finance available to businesses in Central Queensland, give us a call on (07) 4953 1250.

Asset financing is generally favoured by small business owners to fund higher-priced equipment such as cars and trucks because the only security required is against the item itself.

Depending on the lender, the equipment can be financed up to 100% of its full price, which means you don’t need to supply a deposit and no further security is required. At All Finanz & Insurance Solutions Mackay, we present you with all the options, including:

Choice of monthly repayments – a higher amount to own the asset sooner, or a lower amount to extend the period of the loan and preserve cash flow.
Reduce the cost of repayments further by adding a balloon payment at the end of the loan.

Asset loans run between 3-5 years and can usually be arranged much faster than personal or commercial loans.

Would you more information? We have offices in Mackay open five days a week. Our brokers are also available after hours and on weekends by appointment.

Frequently Asked Questions

What information do I need to provide to get asset finance?
The asset finance process is relatively straightforward. However, you will need to provide some basic information to get started. This includes:
- The asset you wish to finance
- The purchase price of the asset
- Your personal details (name, address, contact details)
- Your financial details (assets, liabilities, expenses)
What can I use an asset finance loan for?

Asset finance can be used to purchase a wide variety of items, including cars, boats, caravans, trucks, utes and earthmoving machinery. This type of loan is also used for business purchases such as heavy machinery and office technology. Asset finance is faster to process than other types of loan because it uses the chattel itself as collateral.
Is there a tax advantage in using asset finance?

Yes, asset finance can provide a few tax advantages, including the ability to claim depreciation on the asset and deduct interest payments. This can result in significant tax savings over the life of the asset.

If you are considering asset finance to purchase equipment for your business, it is important to speak to a qualified accountant to ensure to maximise these advantages.
Can asset finance be used to purchase renewable energy equipment?

Yes, asset financing can help business owners get the equipment they need to go green and save money on their energy bills. There are also asset finance companies that specialise in providing financing for renewable energy equipment.