Interested in financing vehicles or equipment for your business?

Whether you are a start up business, self-employed worker or an established company, equipment finance is something that may be a requirement. Our leasing referral service could potentially save you and your client’s money in the long term. Our referral partnership with Geelong Financial Group provides access to approximately 20 top lenders via a team of leasing professionals who can advise you and your clients on a range of suitable options.

If you had ever considered financing your equipment then now could be a great time to do so. With the current low level of interest rates, now could be a great time to consider financing vehicles and costly equipment to keep cash flow steady. Financing could also potentially free up valuable funds to be used for your business on other cash necessities. Clients who have used our leasing referral service have been able to save thousands of dollars in interest expenses by accessing quality advice and service from our leasing partners that seeks out a range of options from different banks and credit unions. Areas that they specialise in offering comprehensive finance for equipment include:

• Cars
• Trucks
• Earthmoving Equipment
• Farm Equipment
• Office Equipment including furniture and office machines
• Warehouse Equipment including forklifts and racking

Equipment finance products suited to fit personal needs include:

• Chattel Mortgages
• Commercial Hire Purchases
• Leases
• Novated Leases
• Equipment Rentals

There are also potential tax benefits for businesses that choose to finance equipment. GST can be claimed up front rather than over the term of the loan. Lease rentals are usually tax deductible as long as the equipment is used to generate assessable income whilst the GST component of the rental may also be claimed in the businesses next Business Activity Statement. Our leasing referral service can potentially provide you with substantial tax advantage options via the appropriate equipment finance products. There is also the ability to put a balloon payment at the end of the term so that monthly payments can be adjusted accordingly to fit a budget.

The number one reason why businesses fail is because of lack of liquidity. Equipment finance is a great tool to help acquire new equipment without further leveraging your existing equity or company’s balance sheet. Structure your business to conserve cash in times when it is needed most.

For more information on Equipment and Vehicle Finance contact your Nexus Partners Relationship Manager.  To obtain a quote, please contact Angus Macdonald from Geelong Financial Group on angus@nexuspartners.com.au