Asset Finance
Spread the cost of eligible business assets over an agreed term using an appropriate ownership or leasing structure.
Key Features
- Hire purchase and leasing options
- Finance new or used assets
- 100% of asset value possible
- Tax-efficient structures
Use Cases
- Purchase vehicles and plant
- Upgrade technology systems
- Acquire medical or specialist equipment
- Replace aging machinery
Eligibility Criteria
Documents commonly requested
- Recent business bank statements
- Latest filed accounts and current management information
- Identification and business ownership information
- Evidence supporting the funding purpose
- Property, asset, invoice or contract information where relevant
The exact list depends on the facility and lender. Documents are requested only when relevant to the application.
Important considerations
- Compare the total cost, not only the headline rate
- Understand arrangement, valuation, legal and exit fees where applicable
- Check how repayments affect business cashflow
- Review security, debenture and personal-guarantee requirements
- Consider early repayment and default provisions before signing
Estimate potential costs
Use the asset finance calculator freely before deciding whether to make an enquiry. Results are indicative and are not an offer of finance.
How it works
- Tell us about your funding need
- We compare the whole-of-market lender network
- Receive competitive offers tailored to you
- We manage the application to completion
Why use FinanceMyCompany?
- Whole-of-market lender access
- Transparent, fee-clear advice
- Dedicated finance specialist
- Fast, straightforward process
Asset Finance — Frequently Asked Questions
Can I finance used equipment?
Yes, we can arrange finance for both new and used assets, subject to age and condition assessment.
What is the difference between hire purchase and leasing?
Hire purchase gives you ownership at the end. Leasing means you rent and return or upgrade at term end.
Ready to explore asset finance?
Speak to a specialist and get tailored options from our whole-of-market lender network.
Apply NowRelated asset & equipment finance
Asset Refinance
Raise capital against eligible assets already owned by the business, subject to valuation and lender assessment.
Sale and Leaseback
Sell an eligible business asset to a funder and lease it back for continued use under agreed terms.
Hire Purchase
Spread the cost of buying an asset with fixed payments and an option or transfer of title at the end, subject to the agreement.