Gain more control of your business with flexible CNC equipment finance through Savvy.
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CNC machines can be used for a complex array of uses such as operating a grinder, loathe or routers with ease to increase the productivity of your business. So why shouldn’t you get the same financing solutions? At Savvy we offer financial solutions that can make purchasing a CNC machine easier. Our range of financial products means that you will get access to top of the range solutions that are tailor made to suit your business needs and help grow it. If it’s CNC financing that you seek, we got it!
At Savvy we understand that buying a CNC machine to optimise your business comes at a costly price. We make this one less thing to worry about. We source our financial solutions from leading lenders and bankers. This allows us to find low rates that come with flexible repayment terms to match your needs. Not too sure what financial product will work for you? Our consultants that have experience in CNC machine financing will find the right finance for you.
We'll help you find the lowest rate available among our wide and diverse panel of trusted Australian lenders.
Savvy is rated 4.9 for customer satisfaction by 70 customers.
There is no cookie-cutter solution that will suit all types of businesses when it comes to commercial financing. The different types of financing options that allows your business to purchase new and used CNC machines can be sifted through with a consultant to match industry-specific needs. Whether you opt for hire purchase or lease ensure that you weigh the advantages and disadvantages of tax implications or accountant to find out where you fit.
This is also known as a balloon payment that is added to the purchasing costs of equipment. Depending on the financial needs of your business you can choose financing that allows you to pay the residual at the end of a contract to help you pay low initial costs. Keep in mind that if you push the residual to the end you will have to pay it out in full at the end of the loan term in order to transfer ownership of your CNC machine. It's best to discuss your financial position with an accredited accountant or financial advisor.
If the core of your business relies on a CNC machine, opting to purchase a new or used machinery will affect the productivity of your business along with your finances. Used CNC machines can help you save on initial costs. However, the depreciation of the equipment will affect the resale value along with the productivity it will be able to give you. New mean that you will get high productivity and reduced maintenance costs. You will also get high value when it comes to reselling the equipment.
There are benefits that can come with both leasing or the purchasing a CNC machine. Buying it allows you to own the equipment outright and have access to potential tax benefits such as claiming on GST and depreciation. However, leasing gives you a wider option of paying less initial expenses, upgrading the equipment, and if you have paid the residual in full by the end of the term the ownership gets transferred to you. You will have to weigh your options along with the pros and cons to decide.
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