Motor Vehicle & Equipment Loans

We can provide fast finance for Cars, Trucks, General Machinery, Excavators, Office Fitouts and IT Equipment

Vehicle Loans

  • Quick Turnaround – Automatically or within 24 hours in most cases
  • Competitive Interest Rates
  • Business Use or Personal Use
  • Loans Starting from $10,000 +
  • New or Used
  • Up to 5 year terms with or without a balloon – longer terms for specialised and larger ticket items
  • Automatic Approvals for customers looking to replace or upgrade their existing vehicle currently under finance (Conditions Apply)
  • Keeping the dealer honest

Equipment Loans

Commercial Hire Purchase

A Hire Purchase arrangement is an agreement to purchase equipment subject to payment terms. During the term of the Hire Purchase Agreement, the Financier owns the vehicle or equipment, with ownership automatically transferring to the borrower when the final payment is made. The borrower has the option of purchasing the equipment at any time during the term of the agreement.

The interest component of the payments and the depreciation on the equipment are tax-deductible, provided the equipment is used to generate assessable income.

Chattel Mortgage/Bill of Sale

A chattel Mortgage or Bill of Sale arrangement is a loan agreement by which money is borrowed to purchase equipment. The borrower provides security for the loan by way of a mortgage to the lender over the equipment financed. The form of the mortgage is a Chattel Mortgage if the borrower is a Company or Bill of Sale if the borrower is an individual. The mortgage is discharged on final payment and the customer retains the equipment.

The interest component of the payments and the depreciation on the equipment are tax-deductable provided the borrower uses the equipment to generate assessable income.

Finance Lease (Including Novated)

Finance Leasing provides 100% financing (no deposit necessary) for the purchase of business equipment. A Finance Lease is a rental agreement in which the financier owns the equipment, and the lessee indemnifies the financier for the agreed residual value at the end of the lease term.

It is important to note that there is no option for the lessee to purchase the equipment either during or at the end of the agreement. Most financiers will, however, consider an offer from the lessee to purchase the equipment for the residual value at the end of the lease term

Ariacom Lending Solutions

Office: 1300 257 346
PO Box 511, Kenmore, QLD 4069

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