Get Asset and Equipment Financing at the Best Rates in Sydney

Asset finance helps you purchase a range of equipment you need for your business. A small or midsize business or a tradie often needs to buy a range of business assets or equipment such as a car, SUV, refrigerator, tools, etc. However, buying a big-ticket item involves a significant investment that may impact your cash flow or working capital.

Get equipment or assets financed at low-interest rates and pay while you earn by using equipment loans. Local Finance Guru, Sydney’s leading equipment and assets finance broker, is here to help you find and obtain a variety of asset loans at the lowest interest rates.

Types of Asset Finance

There are two ways to proceed with asset financing:

Existing asset finance:

In this type of finance, the lending is secured against your existing assets. This helps you raise working capital for your business, using the business equipment or assets that you own as collateral.

New asset finance:

With this variety of lending or finance, you can buy new equipment for your business. This helps you buy without paying cash upfront from your means. The lender accepts the new asset as collateral against the loan. You are free to use the asset or equipment for your business.

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Commercial Asset Financing with Local Finance Guru

There are several types of assets and equipment finance available that you can choose from. Here are the essential features of different types of finance available for buying commercial equipment:

Chattel mortgage:

In a chattel mortgage, the movable asset that you buy such as a vehicle or a machine, is considered collateral by the lender. The lender has the right to liquidate the asset if the borrower fails to make the monthly payment.

Hire-purchase:

With this type of loan the asset provider buys the asset that is then leased out to the businesses. The business makes monthly payments for the “leased asset”, makes a “balloon payment” at the end of the lease period, and takes ownership of the asset.

Operating lease or equipment lease:

When a business needs the equipment or asset only for a fixed duration and not the entire life of the asset, it can take it on an operating lease. The ownership will remain with the asset provider.

Finance lease:

Under the finance lease agreement, the asset or equipment provider purchases the asset outright. The asset is then “leased” to the business for a fixed duration. At the end of the lease, the provider sells the asset.

Unsecured or small business loan:

This is a short-term loan that the business may obtain to improve cash flow, buy an asset, or improve its finances. This is also sometimes called the “balance sheet loan”. It is usually a low-doc loan that is provided based on the accounts and bank data of the business.

Asset refinance:

This helps a business to free up capital or equity locked in an asset that they own. Simply put, the business can take a loan using the value of an asset that they own as collateral. However, if they fail to make repayments, the asset can be repossessed by the lender.

Asset Financing Specialists in Sydney

These are the several benefits of commercial asset finance such as:
● Reduces initial costs
● A new line of credit
● Improves cash flow
● Frees up capital
● Helps to avoid asset depreciation
● Easier to obtain than bank loans
● Cost of equipment spread out over several months
● Reduction in maintenance costs

Benefits of Commercial Asset Finance

As the leading loan broker in Sydney, Local Finance Guru offers:
● Full range of equipment and commercial asset finance
● Tie up with a large number of banks and other lenders
● Lowest interest rates
● Knowledgeable brokers
● Easy repayment options
● Low doc finance availability
● Assistance for borrowers with bad credit history
● Quick processing
● Single point of contact
If an asset finance loan is something you are serious about, call us right away to speak to our commercial asset finance specialist. Call us on 0430 411 466 or mail us at vipul@localfinanceguru.com.au. The time is now!

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How Can Local Finance Guru Make Things Happen for You?

CONSULTATION

Meet our expert home mortgage brokers to discuss your home loan options. They listen to your requirements, the budget and the type of property you are planning to buy. You will also be briefed on the different loan types, lenders, grants, and discounts that you may be eligible for. Additionally, we will advise you on the loan deposit, usually 20%, the documents you require and loan guarantees, if applicable.

PROCESS

You do not need to visit various banks or non-banking lenders to discuss options or offers. Our loan experts find the best loan products according to your needs, negotiate with the lenders and share the list of best options for you. They tell you the pros and cons of every offer and its features, to help you decide on the right loan product with a suitable lender.

RESULTS

After you have submitted the paperwork, we follow up with the lender to ensure the timely disbursement of the loan. If it is a pre-approved loan, we will work to make sure that the approval is in place, before you scout for different properties. After loan disbursal, we explain the repayment process details, repayment amount, interest rate changes and repayment options. Our team is always available to help and assist you during the entire duration of the loan.

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GOOGLE REVIEWS

What They’re Saying

Mr. Vipul is the best mortgage consultant I have met in Sydney. He is thorough in his process, has great market knowledge, works hard to find the best fit mortgage option to suit your need. I have consulted Vipul so many times but never disappointed. Whether it is auction or private treaty he keeps his response time quick and provides excellent consultation. Vipul builds strong relations with his clients where you get comfort and excellent service in timely manner. Highly recommended best finance guru in Sydney. You wont be disappointed but very delighted choosing his services.
aus focus
aus focus
2022-09-15
Vipul Bhai made impossible into possible by getting the best deal for our Home Loan with multiple owners in a joint account. With his negotiation skills & his expertise, he was able to get our home loan with good valuation whereas with other broker we had to pay LMI. Once again thank you Vipulbhai.
Saurabh Vaidya
Saurabh Vaidya
2022-09-06
Our case was very complicated and no other mortgage broker wanted to deal with it. There was another one who offered us very high interest rate but Vipul got us a very good rate, was quickest and very excellent in his service. One would definitely not regret at all going with Vipul. He is one of the best rare to be found.
ripal patel
ripal patel
2022-09-04
Amazing service - very prompt and carefully understands the requirements before suggesting any solution.
Manu Anand
Manu Anand
2022-08-24
Highly recommended…
Komal Patel
Komal Patel
2022-08-17
Fast and reliable service. Vipul was so helpful and informative. Thank you for your service.
Ravin Patel
Ravin Patel
2022-08-14
Vipul is amazing.. he helped me with my loans.. he gives very honest advise which may not be benefit to him.. he is very clear in his communication… highly recommended!!
Ronak Shah
Ronak Shah
2022-08-14
I cannot speak highly enough of Vipul. He has been & is absolutely fantastic. Very professional, punctual & patient. Always willing to answer any questions or enquiries we’ve had at any time. He has made applying for a mortgage as first home buyers & builders such a smooth & enjoyable process. If you are looking for a mortgage broker, look no further, Vipul is your guy! Thank you Vipul.
Maddy Lippmann
Maddy Lippmann
2022-08-11
Great work. Hasselfree process. Vipul has very good knowledge and understanding and make the process smoother. I definitely will go back to him for any future finance needs.
baxi arpan
baxi arpan
2022-08-11
poreddy kranthi
poreddy kranthi
2022-08-11