Get the equipment you need without the upfront cost
Finance machinery, tools, vehicles, and technology with flexible terms and tax-effective structures.
Finance the tools and machinery your business needs. Flexible terms with tax-effective structures to keep you moving.
Term
5 years
Rate
6.49% p.a.
Monthly
$2,348/mo
What's Included
We work with a panel of 30+ lenders to find a loan that's tailored to you, not the banks
3 Steps to Your Loan
Our streamlined process makes it easy to get approved quickly
Get a Quick Estimate
See how much your repayments could be
$15,000
Estimated rate: 8.9% p.a.
Your estimated repayment
$311
per month
Why choose LendBuddy for equipment finance?
Keep your cash flow healthy while getting the gear you need.
Tax-effective
Equipment finance can offer significant tax deductions. We help you structure it right.
Preserve cash flow
Spread the cost over time instead of paying upfront. Keep your working capital intact.
All equipment types
Vehicles, machinery, IT, medical equipment, and construction gear. We finance it all.
Equipment Finance Options
Every situation is different. Explore the finance types we offer to find the right fit for you.
Chattel Mortgage
With a chattel mortgage you own the equipment from day one while paying it off over an agreed term. For GST registered businesses, you can claim the GST upfront on the purchase price, which makes a real difference on big ticket items.
It is one of the most popular structures for tradies, transport operators, and anyone buying gear that will earn them money. Repayments are fixed so you know exactly what it costs each month.
Am I eligible?
Check off each requirement to see if you qualify
40+ Lenders
Access a wide panel of trusted Australian lenders
No Credit Impact
Soft credit check so your score stays safe
Fast Approval
Get pre-approved in as little as 60 minutes
Expert Support
Dedicated finance specialist from start to finish
What Our Customers Say
Real feedback from real Australians who've used LendBuddy.
Dave B.
Financed a new excavator through LendBuddy. They got me a better rate than the dealer's finance and the paperwork was done in a day.
Karen M.
Needed to upgrade our fleet of delivery vans. LendBuddy handled the whole thing, four vehicles financed in one go. Professional and efficient.
Ben T.
Got a chattel mortgage set up for our new CNC machine. The tax benefits were explained clearly and the rate was very competitive.
40+
Lender panel
24hr
Average approval
500+
Aussies helped
$0
Broker fee
Equipment Finance Guide
Everything you need to know before applying for equipment finance in Australia.
Equipment finance lets you purchase machinery, vehicles, technology, or other business assets and pay them off over time. The equipment itself usually serves as security for the loan.
Common structures include chattel mortgages, finance leases, and rental agreements. Each has different ownership, tax, and cash flow implications. We help you choose the right one for your situation.
The type and age of the equipment, your business trading history, and your credit profile all influence the rate. New equipment from recognised manufacturers attracts the best rates.
Used equipment can still be financed, but lenders may limit the age of the asset at the end of the loan term. Rates on our panel start from around 5.99 percent for strong applicants with new equipment.
A chattel mortgage means you own the equipment from day one and claim depreciation and interest as tax deductions. A finance lease means the lender owns the asset and you make lease payments which are fully tax deductible.
The best option depends on your tax position and how you plan to use the asset. Your accountant and broker can work together to find the most tax-effective structure.
Under a chattel mortgage, you can claim the GST upfront on your next BAS, claim interest as a tax deduction, and depreciate the asset over its useful life.
The instant asset write-off scheme may also apply, allowing you to deduct the full cost of eligible assets in the year of purchase. Check with your accountant whether this applies to your situation.
New equipment comes with manufacturer warranties and the latest technology, and lenders tend to offer lower rates because the asset holds its value better. Financing terms of up to seven years are common for new gear.
Used equipment costs less upfront and can still be financed at competitive rates. Lenders will typically limit the age of the asset at the end of the loan term to around 15 years. A good inspection report and service history go a long way.
A balloon payment, sometimes called a residual value, is a lump sum due at the end of the finance term. It reduces your regular repayments during the loan, which frees up cash flow for day-to-day operations.
This structure works well if you plan to sell or trade in the equipment before the term ends. If you intend to keep the asset, make sure you have a plan to cover the balloon when it falls due.
Different industries have different needs when it comes to equipment. Construction, transport, agriculture, and healthcare all have specialist lenders who understand the assets and the business cycles involved.
Some lenders offer seasonal repayment structures where you pay more during your busy months and less during quieter periods. Your broker can match you with a lender who understands your industry.
Get a clear quote or invoice for the equipment before you apply. Lenders need to know exactly what they are financing, including make, model, year, and condition.
If you are a newer business, a larger deposit or a personal guarantee from the director can help get the deal across the line.
We compare equipment finance options from over 30 lenders including specialist asset finance providers. Whether you need a single excavator or a full fleet, we find the right deal.
Our service is free. The lender pays our commission. If the options do not suit your business, there is no obligation to proceed.
Equipment loan FAQs
What equipment can I finance?
Almost anything your business needs to operate and grow. Vehicles, heavy machinery, computers, medical and dental equipment, construction plant, commercial kitchen fit-outs, agricultural gear, and more. If the equipment has a clear business purpose, our panel of lenders can almost certainly help you finance it.
Chattel mortgage vs hire purchase: what's the difference?
With a chattel mortgage, you own the equipment from day one, which is great for claiming GST credits upfront and depreciating the asset on your tax return. Hire purchase means the lender holds ownership until you make the final payment, which can suit businesses that prefer to keep assets off their balance sheet. Your broker will walk you through both options and recommend the structure that works best for your tax and accounting situation.
Can I finance used equipment?
Yes, most lenders on our panel are happy to finance quality used equipment. There are usually age limits depending on the asset type, but we work with lenders who are flexible on this. We will match you with the right lender based on the age, condition, and value of the equipment you are looking at.
What are the tax benefits of equipment finance?
Equipment finance can offer some solid tax advantages for your business. Depending on the structure, you may be able to claim interest payments, depreciation, and GST credits as deductions. Your broker can explain how different finance structures affect your tax position, but we always recommend speaking with your accountant for advice specific to your business.
How much deposit do I need?
Many lenders on our panel offer 100% financing for equipment, so you may not need any deposit at all. That said, putting down a deposit of 10% to 20% can help you secure a lower interest rate and reduce your ongoing repayments. We will show you the options both ways so you can decide what makes the most sense for your cash flow.
What is a balloon payment?
A balloon payment is a lump sum due at the end of your loan term, sometimes called a residual value. It reduces your regular repayments during the loan because you are effectively deferring part of the cost to the end. Balloon payments are common in equipment finance and can be a smart way to keep monthly costs low, but your broker will make sure you understand exactly what you will owe and when.
Can I finance equipment for a new business?
Yes, though the options can be a bit more limited compared to established businesses. Some lenders on our panel will consider startups with less than 12 months of trading history, especially if you have a strong personal credit profile or can offer a deposit. We will work with you to find a lender that is comfortable with newer businesses and present the best options available.
How long are equipment loan terms?
Equipment loan terms typically range from 1 to 7 years, depending on the type of asset and the lender. Shorter terms mean higher repayments but less interest overall, while longer terms keep your monthly costs lower. We help you choose a term length that matches the useful life of the equipment and your business cash flow.
Want to Know How We Can Help You?
Contact us for a Free Consultation
Talk to one of our friendly finance specialists to find the right loan for your needs, or simply get a free, no-obligation quote.