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CHEAP EQUIPMENT LOANS
Are you looking
for a loan for business purposes? Dinkum Loans can assist you in all
areas of non credit code lending. We can provide business finance
for office equipment, cars, trucks, agricultural equipment,
excavating equipment and any worthwhile business requirment you may
have. We will explain some of the
various financing options available to you and
will happily discuss your business financing needs should you require any further
information.
FINANCE LEASE:
Finance Lease is a form of rental agreement under
which you lease goods for an agreed term and rental amount. A
residual value is set to reflect the equipment's estimated end
value.
The goods are owned by the finance company, but the
lease rentals are tax deductible to you, as long as the goods are
used predominantly for business purposes.
At the end of the
Lease you have the option to make an offer to purchase the
equipment from the finance company, trade it in on a replacement,
return it, or extend the lease for a further term.
NOVATED
LEASE:
A Novated Lease construes an agreement between the employee
(a lessee), their employer and the finance company (the
lessor). It is often used for company fleet vehicles and
salary sacrifice
It operates by creating a Finance Lease
Agreement (refer to the Lease Agreement Section on this page)
between the employee and the Bank. A Novation Agreement is then
entered between all parties, which transfers responsibility for the
lease rental commitment to the employer during the lessee's period
of employment. On the employee leaving employment, the novation
ends, with ongoing responsibility for the lease returning to the
employee.
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CHATTEL MORTGAGE:
As an alternative to leasing a Chattel
Mortgage is a fixed interest rate loan supported by a mortgage over
the relevant equipment. This solution is particularly favourable for
those businesses that wish to retain the equipment at the end of the
term and account for GST on a cash basis. Apart from mortgage stamp
duty, the contract or repayments do not attract GST or stamp
duty.
COMMERCIAL HIRE
PURCHASE:
This
business solution allows you to borrow up to 100% of the equipment
price, or less if you wish to pay a deposit upfront. Ideally, this
suits a business that wants the option of taking up ownership of the
equipment at the end of the term as the goods
automatically become yours once all terms of the agreement have been
completed and as an added tax advantage the
borrower can
also claim equipment depreciation and interest paid,
against their business income.
EQUIPMENT RENTAL
PLANS:
A
versatile option for acquiring new technologies such as computers,
telephony and all other office equipment which generally have a
short lifespan due to high obsolescence. Equipment Rental provides
an easy to manage rental plan that incorporates all of
your business requirements.
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