Is there any better feeling in the world than knowing that you own something outright? From a home to a car – being able to say that you own the possession in its entirety can be very reassuring, but unfortunately we’re not all in a position to buy equipment at the drop of a hat. Assets cost money and when it comes to equipping your business with the tools and resources that it needs to function; you could well be looking at tens of thousands of dollars to buy what you need. So do I finance or lease? Thankfully, there are two solutions that can help those without the financial support to cover equipment costs; without needing to fork out the cash up front. They are commonly referred to as leasing and financing – and although similar in nature, each option carries its own set of advantages. So, Do You Finance Or Lease Business Equipment Purchases? First lets define the 2 options… What is Equipment Leasing? In the simplest terms, leasing is the act of ‘hiring’ equipment, machinery and products without actually having to own them. You could approach a supplier and ask to use their facilities, under the condition… [Read More]
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.
Things To Consider When You Compare Equipment Finance
Any time that you run any business, you will need to be sure that you have the ideal equipment to get the job done. This is particularly important if you need your business to operate properly for you on a regular basis without having to disappoint your customers due to malfunction or faultiness of your equipment. What you need to do is make sure that you’re able to get your hands on the highest quality equipment for the job. With this in mind, you owe it to yourself to seek financial opportunities to pay for your equipment. With this in mind, you should read on to learn a few ideas that will help you know how you may best finance your construction equipment on competitive terms. Things To Consider When You Compare Equipment Finance So what are some of the most important matters you should consider when it comes to seeking finance your equipment? There are some things that will come into play, including these guidelines below: #1: Interest Rate Without question, the interest rate that you pay for your financing will play a major role. You need to be concerned about more than just a lump sum of money… [Read More]
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.
Machinery And Equipment Investment A Priority For Small Business in 2016
According to research by the Commonwealth Bank, Australian small businesses are keen to invest in new Machinery and Equipment. But have less interest in upgrading their Technology. See iTWires article. It is only a couple of weeks to the end of the financial year and the Tax Office still have the 100% tax deduction in place for small business. However they have moved the maximum turnover allowed to $10 million dollars, opening up this opportunity to so many more businesses. So if you have machinery or equipment that is less than $20,000, now is the time to buy. You will receive your 100% tax deduction. There is no guarantee this will be around for the following tax year. So give us a ring and we can go through financing options with you.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.
Businesses Are Borrowing Less
It appears that businesses are starting to pull in the reigns on funding their growth through borrowing. This means that they are either not looking at growth opportunities in the near future or they are funding them out of their own resources. A recent article in Sky News reported that Veda says that asset finance eased to 3.3% and trade credit fell by 1.7%. If businesses are choosing not to take up growth opportunities then I believe we will start to see a slowing in the economy
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.
Buying Versus Financing Equipment: Which Makes More Sense?
When it comes to major capital purchases, it can be difficult to decide whether you should buy or finance the equipment your business needs. Both options make commercial sense in certain circumstances. For a small business that is just getting off the ground, financing equipment is a good idea. Leasing equipment does not require you to have a lot of cash up front, and it will allow you to keep costs down – plus it means that you can always return the equipment and take out a new lease at a later date. It’s easy to upgrade equipment when you need to. Financing on a lease-to-buy works well too, for equipment that has a long useful life. Plant and machinery that will last for a decade or more if well maintained can be bought by spreading the cost over many years. The downside of this kind of finance is that in the long run you will end up paying more for the equipment – and it is not yours until you have paid the cost off. In addition, the tax situation for equipment bought in this way is not always as favourable as the tax treatment for capital purchases made… [Read More]
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.
Welcome To Equipment Finance Online
Welcome to the website of Equipment Finance Online, the place to come for all your equipment finance, truck finance and various asset purchases. Give us a call on 03 9021 3731 or fill in our online application form by clicking here Stay in touch as we will be adding the latest finance news to this section.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.