Hoist your business to the next level with finance and leasing solutions for fixed and mobile cranes by applying through Savvy.
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Wherever there's a construction site, you're most likely to find a crane hovering somewhere. But these mean machines aren't cheap to finance, which is why finding an affordable finance option that comes with low rates is essential. Savvy's years of experience in providing financing for fixed and mobile cranes allows us to help you compare loans with competitive rates and costs.
When it comes to finding financing that fits your business' needs, we throw the cookie cut solution out of the door. We understand that contractors come in all sizes, so whether your business needs a financial boost for a short period or a leasing option that helps you to upgrade with affordable rates, Savvy and our wide panel of trusted Australian lenders have you sorted.
We put in the work of comparing offers from over 40 lenders to find you a loan to help you save.
Savvy is rated 4.9 for customer satisfaction by 72 customers.
You could be looking into purchasing more than one machine to help you get the job done more efficiently, but when it comes to costly equipment such as cranes it is important to time your purchases. You need to look at your business needs instead of focusing on rapid growth that will force you to bite off more than you can chew in terms. It’s advisable to choose something that is within your financial reach. Always compare the APR rate which shows you if you will be able to afford the loan..
Potential tax benefits come with the type of financing that you choose which can be beneficial to your business. Chattel mortgage offers potential tax benefits since you own the equipment. This allows your business to claim the full tax input credits for the GST purchase when your business lodges its next BAS. Furthermore, you can claim on the depreciation of your asset and the interest of your repayments. This will differ for each business. You will have to speak to a tax officer or your accountant to see which tax claims are applicable to your business.
When you have met all your monthly payments and have come to the end of your loan term a once-off payment will be due which is known as a residual or balloon payment. You have the option of paying it off in full to retain ownership, choose to upgrade with an existing truck or refinance over a select term. You need to see if refinancing a lease is a viable option as this will end up costing you more over the period of the loan. Meeting your payments on time can prevent you from having to refinance.
This is a finance option that can be considered of you are looking for flexibility in terms of how you repay a loan. Commercial hire purchase can also work for a business that wants to optimise its cash flow in other areas of the business. Its structured repayment options can help businesses choose a repayment schedule that best suits them. You can choose between having to pay your repayments on a monthly, quarterly, Bi-annually or yearly to better suit your businesses cash flow
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
