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Plant & Machinery Finance
Last updated on May 5th, 2022 at 11:58 am by Bill Tsouvalas
Flexible and reliable funding for your heavy plant
Loans for heavy industry
Savvy helps businesses in manufacturing, mining and heavy industry finance mobile plant for construction, aviation and rail plant, energy industrial machinery, light industrial plant, commercial enterprise business machinery, and materials handling. We tailor loans and leases for all types of heavy machinery and plant, working with you to find a product that helps your business. We connect with more lenders to give you more opportunity to save.
Flexible and affordable Plant finance
Whether you’re looking to buy new, refinance existing plant, or replace your old machinery or plant, Savvy has a range of commercial loan options, such as affordable and flexible chattel mortgages and commercial hire purchases. We also help your business find the best deals and lowest finance rates on commercial leases. Choose from a tailored lease solution such as finance leases or operating leases.

See how we can help you with your finance
Loans for heavy industry
Operating and finance leases
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What our customers say about their finance experience
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Got a question about your plant & machinery finance??
Yes – we help businesses new and old find finance for their machinery or plant.
Yes – chattel mortgages and hire purchases give business the option to finance more than 100% of the value of their machinery to finance insurance, training or other setup costs.
Yes – finance leases and operating leases can give you the option to buy your plant or machinery at the end of your loan term, provided you settle the residual value payment.
Yes – we help businesses in aviation, rail, mining, construction and any business that requires heavy machinery gain finance for their operation.
Yes – your commercial finance options allow you to claim GST, depreciation and interest on heavy plant or machinery purchases or leases. In some cases, you can claim the fuel input tax credit.
Learn more about plant and machinery finance
Buying new vs. used heavy plant
Heavy plant and machinery can prove expensive, especially for a new business trying to establish itself. Buying new plant adds to these initial setup costs significantly. However, it does create a tangible asset that has high value. Depreciation will occur, but at a slower rate relative to an older machine or plant. Even so, older plant, if well maintained, can serve just as well as new plant.
How to keep your equipment current
Many industries have to keep their machinery and plant up-to-date, sometimes as often as every year. An operating lease is effectively a “rental” lease that allows a heavy industry business access to current equipment when the old equipment wears out. Accountants treat operating leases as operating costs instead of liabilities. Some lenders allow exchange programs without adding to costs.
Should you lease or buy?
A business must look at its priorities when it comes to machinery and plant financing. Leasing is often cost effective if plant is required for the short term – a one-off construction project for example. It’s also cash-flow positive because it does not require spending your own capital. If depreciation of your machinery is measured in decades and not months or years, buying is often a better option. You create a performing asset, and even loan the machinery to others for a fee.
Using machinery finance as a redraw facility
Machinery and plant are major purchases by most measures, sometimes costing in excess of seven or eight figures. Many lenders offer packages that act as a business overdraft or redraw facility to finance other machinery plant or industrial equipment. Some lenders charge fees for drawing on your loan.
You should talk to a financial consultant to see if the benefits of redrawing outweigh the costs.