PLANT & MACHINERY
FINANCE
Heavy machinery & Plant equipment
Plant & machinery
FINANCE
In Australia there are a number of businesses involved in extensive use of high-end and heavy-duty machinery. Businesses in manufacturing, mining, construction, aviation and rail plants and industrial plants, among others, depend on the quality and efficiency of their machines and equipment. We all know the role of farm machinery in agricultural businesses. For all these businesses and industries, regular upgrading of heavy machinery is critical to maintain peak productivity.
Machinery finance is a good idea especially when the cost of buying outright is likely to exceed the cash flow capacity of most businesses. Machinery finance is designed to help you obtain the asset(s) you need affordably, regardless of the industry you operate in.
There are different types of options available for machinery or equipment loans:
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Commercial hire purchase
In this option, the lender will purchase the machinery on behalf of the borrower who will then buy it off the lender.
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Chattel mortgage
With this loan, the borrower receives funds from the lender which they can use to purchase the equipment. At the end of the contract, the mortgage over the equipment is removed.
Finance lease
With a finance lease, the lender will purchase the equipment from the supplier and lease it to the borrower for an agreed period. At the end of the lease, the borrower can continue the lease, offer to purchase the machinery, or return it.
Operating lease
This option works almost like a Finance Lease, except that once the lease agreement ends, the equipment is returned to the lender. There is usually no option to buy the machinery.
Getting finance for machinery and plant equipment requires knowledge of both sides of the deal. At Reliiance Commercial, we can work with you to find the most suitable machinery and plant equipment loan for your requirements.
Call Reliiance Commercial on 02 9893 7881
COMMERCIAL property
finance
Purchase or refinance of an Office, Retail Store, Warehouse, Factory & more
COMMERCIAL FLEET
finance
UTEs, Commercial Vans, Delivery trucks, Mini Buses, Large Trucks and more
