Equipment finance & leasing
Making the decision to finance business equipment could have a noticeable effect on the success of the business, so it is a choice worth considering with an adviser - and even worth the time for established business owners to re-consider as well.
Equipment Finance is a way of purchasing equipment, machinery or other assets without having to pay the full amount upfront - often with the ability for the business to own the asset at the end of the finance term.
|Almost anything can be finance as long as the asset will be used more than 50% of the time to earn assessable income. This includes vehicles, computers, machinery and other types of equipment. The exception to this is a Novated Lease.|
|Applicants for finance can be Companies, Individuals, Trusts, Partnerships, or Independent Traders.|
|You must have home equity and produce tax returns for the last two years for your business to be eligible; without this it is unlikely to be approved.|
You can lease almost anything to do with your business. Here are some common examples:
Generally a minimum finance amount of $20,000 is required.
Why get Equipment Finance through a Count Firm?
Organising your Equipment Finance through a Count Adviser can help you
|Free-up capital - Why buy equipment and pay the entire cost upfront when it could take years to reach its full earning potential? We can organise leases with a favourable repayment structure tailored to your needs.|
|Avoid inflation and currency movements - fixed repayments / rentals allow you to purchase equipment at today's prices and precisely plan your future budget.|
|Save time and money - we compare quotes (and ensure there are no hidden fees) and do all the paperwork for you so you can obtain finance within days.|
|Pre-approved credit limits can also be arranged - This is simply pre-arranged finance that enables you to effectively plan for your future finance needs so you can shop around for the asset you require with peace of mind.|
|Maximise your depreciation and tax deductions - Your Count Adviser will look at your business's overall circumstances to structure an equipment finance option that will help you minimise your tax bill and maximise your profits.|
|Claim back the entire GST quickly in your next BAS - Your Count Adviser is ideally positioned to advise you on the most tax-advantaged way to claim back the GST on the asset, quickly and efficiently.|
What are the advantages of Equipment Finance?
|It allows you to acquire assets with minimal initial expenditures and rarely requires a down payment.|
|It can be a convenient way to minimise equipment expenses paid by the partners of a joint venture.|
|Payments can usually be deducted as business expenses, which can often reduce the net cost.|
|Equipment that continuously outdates, like computers, can simply be replaced for new, higher-end equipment after your finance expires, giving your business flexibility to keep up-to-date with advances in technology.|
Important Note - Whilst the information above relates to Equipment Finance for business purposes, Consumer Lending Services are provided by Finconnect (Australia) Pty Ltd, ABN 45 122 896 477, Australian Credit Licence No 385888, a wholly-owned subsidiary of Count Financial Limited.