Equipment finance

Low rate and structured equipment financing solutions Australia wide starting from 4.99% p.a.

Low rate and structured equipment financing solutions

Explore your business horizons with our structured equipment finance

Easy, fair and competitive

Savvy knows that heavy plant and industrial equipment are investments in your business over the long term. We also know that getting the most out of your equipment may interrupt your cashflow as you wait and pay for repairs. That’s why we offer a range of equipment financing options that are easy to understand, fair and make the best of your current and future plans for equipment and mechanical resources.

Savvy can set up loans for new and used equipment without sacrificing your liquidity or cashflow.

We offer all the latest equipment finance packages and products. We offer hire purchases, operating leases and standard equipment loans.

Structured equipment finance

If you only require short-term leases of equipment for a specialised product run or service contract, we can arrange operating leases to improve your cashflow. Talk to one of our expert financial professionals to arrange a consultation to see how equipment finance can work for you.

If you need to arrange finance for yourself or on behalf of your company, you can rest assured we are reaching for the best loans across Australia’s reputable lenders. We make sure all our loans are the most competitive you’ll find on the market.

Call or talk to one of our equipment finance professionals to get a free, no-obligation consultation.

Calculate, compare commercial finance lenders and save

Are you looking for a commercial finance? Savvy offers a complete range of car loan options to suit all needs. Compare and save with Savvy. Savvy has access to all major banks and lenders in the country. We hold accreditation with all the major lenders in the country and have experienced consultants to tackle any requirement.

LenderProduct NameAdvertised RateComparison RateMonthly Repayment
Savvy Secured Equipment Loan 4.99%
6.60% $566.00
BankWest Business FeeSaver Loan - Res Sec 5.80%
5.80% $577.20
BankSA Business Loan Variable 6.78%
6.78% $590.93
ANZ Business Loan Variable - Res Sec 7.10%
7.10% $595.45
Commonwealth Bank BBL Var Non-Res Sec 7.81%
7.81% $605.57

* Commercial loan with the loan amount of $40,000 is looking at a 5 year secured fixed rate of 2.85% p.a. and comparison rate of 3.93% p.a.. WARNING: all fees and charges may not be included on the example above, only the comparison rates, monthly repayment and total cost applies. Therefore, the total cost of the loan might be different. Comparison rate do not include broker fees, redraw fees, early termination fees and fee waivers. Comparison rate may change as a result of the different loan terms, fees and the loan amounts. Establishment fees and monthly fees do not apply to commercial loans, only consumer loans. However, there might be different fees apply.

Why choose savvy for equipment finance

We are accredited with the most reputable lenders in Australia giving you a fair choice to compare.

Common questions about equipment finance, answered

Expert solutions to some of the most pressing equipment finance questions

Is a chattel mortgage the same as equipment finance?

A chattel mortgage is just one of the options a business can take to finance their equipment. A mortgage is levied on the “chattel”, i.e. the equipment you buy. This also allows you to borrow more than the value of the equipment. The alternative is a hire purchase, which means the bank or lender retains ownership (not possession) of the equipment until the loan is settled.

What are the advantages to business equipment finance?

Taking out a chattel mortgage or hire purchase means you can claim GST, depreciation, and interest payments on your BAS, or as an instant write-off. You can also apply for seasonal repayments, more than 100% finance, and balloon payments if required.

What kind of equipment can I finance?

Business can finance machinery such as heavy plant, industrial machines, forklifts, or prime movers; vehicles such as trucks, cranes, frannas, and other heavy equipment; information technology equipment such as POS systems and servers; agribusiness equipment such as tractors, harvesters, and planters; you may finance anything a business needs to make profit.

My business is a startup. Can I apply for finance?

Yes! We can assist startups find the equipment finance. Your consultant can help you through the process and find packages to suit your circumstances.

I’d like to lease my equipment; what if I decide I want to keep it?

A finance lease gives you the option to buy the equipment outright once your lease term is up. Ask your consultant for more options.

What is a balloon payment?

A balloon payment, or residual value payment, is a lump sum that’s due at the end of a lease or loan term. In return, your monthly or periodic repayments are lower.

May seasonal businesses apply for finance?

Yes – many of our lenders understand the needs of seasonal businesses, offering flexible repayment terms.

I need a loan that is cash-flow neutral. Is this possible?

Yes – with many chattel mortgages or hire purchases, you may purchase equipment using 100% finance. You may also apply for amounts exceeding the value of the equipment to cover insurance, training, and other costs.

My business has bad credit. Can I still apply?

Yes – businesses with bad or impaired credit can apply for business equipment finance.

Can I take out a non-standard loan term?

Yes – we can help you find loans and leases that extend beyond the usual five-year terms, or are much shorter. Ask your consultant for more information.

Your guide to commercial equipment finance

Find out more about equipment finance for business with our helpful guides

Chattel mortgage or hire purchase?

A chattel mortgage and a hire purchase are two sides of a business finance coin, so to speak: both are loan products that allow businesses to take possession of their equipment, write-off GST, depreciation, and interest, and even borrow more than the equipment’s value, to pay for insurance and other items. However a chattel mortgage means your business “owns” the purchases – i.e., they are on the books as your own assets. You then pay off the loan as you go. A hire purchase means the lender “owns” the asset, and you pay off this “lease” as time goes on. It depends on what kind of accounting method is best for your business, and what your goals are.

Is it better to pay more for a new truck?

For a new business, saving money on startup costs can be counter-intuitive. Those who want to start “lean” may find their decision will cost them down the road. Buying a new truck means a longer life span, high reliability, more fuel economy, better safety features, less maintenance, and most important, higher resale value. A new truck could last a business years, even decades, if well maintained. Buying new does cost more up front, but with all businesses, it pays to think long-term. Though you may pay more for insurance, you might get a better deal on truck finance thanks to the lower risk involved with buying new.

A guide to forklift finance

When a business is expanding into a warehouse or larger premises, the need for a forklift or lift truck arises. However you should figure out if you need a smaller, electric powered forklift or one with an internal combustion engine, like a car. This might be restricted if it makes emissions and you are transporting foodstuffs. You need to know if your business will use it within a warehouse or loading trucks, and find a model that satisfies these needs. Also, buying new may be tempting; but market trends can change. You should figure out if leasing or hiring is a good option. At any rate, you should factor in the lifetime value of your forklift; how much insurance, special training, fuel/electricity, and maintenance will cost over its lifespan.

The special case of IT equipment finance

Moore’s Law, coined by computer scientist Gordon Moore says that computer power roughly doubles every eighteen months. With that in mind, how can one long-term lease or finance information technology without running into massive depreciation? Luckily, Moore’s Law has slowed somewhat, thanks to cloud based computing and modest requirements for productivity software. When it comes to IT financing, you may require leases that allow flexibility for innovations in your industry. A rolling lease might give you new equipment on a fixed term, so you aren’t spending capital on acquiring essential technology and losing out on massive depreciation.