Running a small business in Australia means managing cashflow constantly. And one of the biggest cashflow killers? Paying cash upfront for equipment, vehicles, or machinery. Asset finance solves this — and more Australian SMEs are using it than ever before.
What Is Asset Finance?
Asset finance is a way to fund the purchase of business assets — like vehicles, equipment, machinery, or technology — without tying up your working capital. Instead of paying the full purchase price upfront, you spread the cost over time with regular repayments. The asset itself typically acts as security, which means lower rates and easier approval compared to unsecured business loans.
Types of Asset Finance Available in Australia
- Chattel Mortgage — You own the asset from day one. The lender takes a charge over it as security. GST can be claimed upfront.
- Finance Lease — The lender owns the asset during the lease term. You use it and make repayments. Ownership transfers at the end.
- Commercial Hire Purchase — You hire the asset and take ownership once all payments are made.
- Operating Lease / Rental — You use the asset without ever owning it. Great for technology that becomes outdated quickly.
What Can You Finance?
Almost any tangible business asset can be funded, including utes, vans, trucks, trailers, construction equipment, commercial kitchen equipment, manufacturing machinery, IT equipment, and agricultural machinery.
How Much Can You Borrow?
Asset finance in Australia typically ranges from $5,000 to $5 million+, depending on the asset value and your business financials. Terms usually run from 1 to 7 years. For established businesses with good credit, approval can happen in as little as 24–48 hours.
Why Use a Broker Instead of Going Direct to a Bank?
Banks only offer their own products. A specialist asset finance broker like Co Pilot Finance & Insurance has access to 30+ lenders — including non-bank lenders who are faster and more flexible than the big four. We do the legwork, compare rates, and structure the deal to get you the best outcome.
Tax Benefits of Asset Finance
- Instant asset write-off for eligible assets
- Depreciation deductions over the asset’s life
- GST claimed upfront on chattel mortgage
- Repayments may be fully tax-deductible depending on structure
Ready to Get Started?
Whether you need a new ute for the team, a piece of machinery to take on a bigger contract, or a full equipment package — we can help you get funded fast.
Apply now at cpfi.com.au — no obligation, no credit hit to check your eligibility.