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Equipment Finance, An Alternative to Buying Outright

Equipment finance can provide the ideal alternative to buying equipment outright. At Lend Me, you can finance the equipment your business needs, allowing your business to grow and maximising your cashflow.

How does equipment finance work?

When you finance equipment, you pay an agreed rental payment over an agreed period of time. Because this is not a loan, you don’t pay interest on the agreement. Instead, you pay a fixed amount for the use of the equipment, over a fixed term.

At the end of the rental term, you have a number of options open to you. You can choose to extend the rental period, you can upgrade or replace the equipment you are leasing, you can make an offer to purchase the equipment at fair market value, or you can return the equipment with no further payments required.

You can also choose to upgrade your equipment or add more equipment to your agreement during the rental term. To do this, you can either adjust your rental payments to incorporate the added cost of the new equipment, or you can keep the payments the same and extend the term of the rental agreement.

If you need to cancel the arrangement before the end of the term, you can do so, but you would still need to cover the balance owing. It’s often more effective to upgrade the equipment instead, and adjust to a new rental agreement.

If you damage the equipment, it’s best to check the manufacturer’s warranty first to find out if it’s covered. However, you are responsible for repairs and maintenance and to keep the equipment in good working order and insured at all times.

Whether your business is small, medium or large in size, whether you require equipment for mining, aviation, waste, civil construction, materials handling, manufacturing, transport & logistics, rail, health or education, we can find the equipment finance solution for you.

We offer finance for a wide range of equipment. From finance leases and operating (rental) leases, to hire purchase and lease in escrow, to novated leases and chattel mortgages – we provide a diverse range of finance options so you can find the one that suits your business.

Call for a chat on 08 6234 6400 to see if we can help your business grow.

How we've helped our clients...

"Starting up a new business isn’t easy, with so many things to think about it can be quite a stressful process. With the services of Lend Me Asset Finance and Locate Me, they have really helped to take this stress away in the way of meeting me on my job sites to sign documents and dealing directly with the Car Dealers, Bobcat Dealers and even my accountant.

The guys at Lend Me really do take the time to listen to what you are after and work in to suit you and make the transaction so simple and convenient, I can’t thank them enough! I’ve also recommended their services to 3 friends already and have only had good feedback. Lend Me have certainly gained a client for life! Reece"

"Hi there, Saturday just gone, I picked up my dream car, a 2013 black lancer LX.

I'd like to take this chance to say Lend Me Car Loan customer service was by the far the best I have ever received. What I thought was going to be tough work turned out to be the opposite. The process easy, simple and quick for me, she did the hard yards... I will be recommending friends and family... Thanks again! Regards, Stephanie"

I just wanted to say thank you... This has been the smoothest process. You and the other girls I dealt with at Lend Me Home Loans were so friendly and so efficient with everything, I felt like I was the only customer you were dealing with.

I will definitely be raving on to loads of people about Lend Me and the great service you provide.

I am stoked, this will take so much pressure off and will seriously change our lives... we can actually get ahead on payments and start saving some more money.

Thanks again, Kath :)

"Emily & I just want to take this opportunity to say a very big thank you for seeing us through our first home purchase and home loan, you have been a massive help not to mention getting us out of a sticky situation. We will definitely be in touch in the near future and will refer/recommend you to our family & friends if looking out for a friendly, helpful and reliable mortgage broker.

Take care and speak soon. Matt & Emily" 

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