Forklift Finance

Compare flexible finance options to help you purchase a forklift with ease with Savvy.

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, updated on August 28th, 2023       

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Improve the efficiency of your business

Investing in a forklift that will lift the efficiency of your business is important. Therefore, you need the experts who provide industry specific solutions that are tailor made to blend well with your business. That is what we do at Savvy. Whether you are looking to finance a combustion forklift, electric forklift or anything else, we can help. Our experience in asset finance means we understand what makes a good deal for businesses.

Competitive forklift finance

We put in the work to helping you find low rates from Australia’s leading lenders and bankers so that you don’t have to. Forklifts are a logistic investment for business. Therefore, getting the right finance that comes with competitive rates will determine which direction your business grows in. Our wide range of financing options will ensure that you maximise your cash flow with minimum hassle. You can compare our low rates to help reduce the monthly financing costs. Get a free, no-obligation quote today!

Plant & machinery finance

See how Savvy can help you with your forklift finance

Common questions on forklift finance answered

What financing options are available?

At Savvy we can finance all types of forklifts – big or small, private or dealer, anywhere in Australia.

What is a residual payment?

Residual payments which are also known as balloon payments are ways to reduce your monthly finance repayments by deferring a percentage of the vehicle purchase price until the end of the finance contract. You can either pay this in cash or own the vehicle at the end of the term.

Can I pay out my loan early?

Yes. We have financial offers that allow for an early repayment.

Are my monthly payments tax-deductible?

This will depend on the type of finances you choose. You can check with your tax consultant to get the exact potential tax benefits for your equipment lease.

Can I still get financing if I am self-employed?

Yes. We have financing solutions for people who are self-employed and new businesses. Chattel mortgages are the most popular tax effective solutions.

I am looking to buy more than one forklift. Can I still get financing?

Yes. At Savvy we can tailor make a solution that helps you purchase more than one vehicle and still get low rates.

Do you offer free quotes?

Yes. At Savvy we offer services to people who are still looking for financing. Our no obligation application process will ensure that you get the answers to the questions you have.

I currently don’t have a deposit ready. Can I still get financing?

Yes. We offer 100% financing solutions so that you can maximise your cash flow and capital in places that matter the most to your business.

More on forklift finance

Fixed vs variable rate

Choosing the features of your financing options such as a fixed or variable rate can give you more breathing room in better managing your cash flow. Fixed rates are beneficial for businesses that want to repay a consistent amount that they can factor into their budget, but a variable rate is also beneficial to businesses that want to save on expenses when the interest rate decreases instead of staying fixed. The final decision will have to be made based on what will work for your business

Manage risks better

In business, every decision you make can either make or cost you money. With equipment financing from industry experts, you will be able to navigate your way to an option that keeps the various aspects of your business in mind. Forklift finance can help you mitigate the uncertainty of investing in capital asset while your business is still in the process of generating projected returns. There are options that allow you to increase the efficiency of your business and get the job done.

Chattel mortgage

Knowing the financing options that are available to you can help you better finance your equipment. Chattel mortgages are an alternative way to help you own your equipment outright from the start of the agreement between you and your lender. Chattel mortgages come with competitive rates to help you purchase a forklift. You can also reduce your initial payments by paying off the residual or balloon payment at the end of the financing contract to buy the forklift.

Asset lease

With this type of financing, you lease the equipment from the lender and pay a fixed amount for each month of its use. It is a financing option that comes with low initial costs. The residual on the lease can be paid at the end of the loan term which gives you the ownership of the equipment, or you could choose to refinance and extend the lease term or opt to sell the equipment. It can also help reduce the cost in tax since the equipment is owned by your lender.

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