Is your operation equipped to capture emerging contracts and opportunities as they arise? Are you struggling with ageing machines that are adding more to costs than to output? Do you need to embrace new technology to be competitive? Acquiring new plant and machinery with our competitive rates on equipment loans may be a cost-effective way forward for your operation.
The start of a new financial year is often the time when many operators may choose to do a SWOT analysis of their business. Identifying how new assets may assist in capitalising on opportunities and minimising weaknesses and threats.
The benefits of upgrading or replacing assets, or installing new systems and processes, can be significant. New units may deliver greater fuel and energy efficiency to reduce costs, while increasing output. The latest models may present the opportunity to commence production of new product lines to meet changed buyer trends.
But when those acquisitions require financing, many operators can be left idling in neutral, unsure of where to go to get the best rates, terms and deals. Jade Equipment Finance offers operators expert services and access to a vast lender base to obtain competitive rates on equipment loans. Providing a simple, streamlined way for businesses across all industry sectors to have lending experts source their finance. Finance at the most competitive rates in the market, which can make the acquisition of the necessary assets a cost-effective, affordable and extremely productive move.
Selecting the Most Effective Equipment Loans
We provide a complete portfolio of asset acquisition funding facilities to suit all business set-ups and all types of plant, machinery and equipment. New assets may be financed with Chattel Mortgage, Machinery Lease, Rent-to-Own loans and with Hire Purchase. Deciding which facility will be most effective for the individual operation involves reviewing the credit product features against the structure and objectives of the business and the accounting practices implemented.
Where posting large value assets to the business balance sheet is not an ideal scenario, Lease and Rent-to-Own provide an off-balance sheet credit facility. Where the plan is to own the machinery for a long period, Chattel Mortgage may be the most effective facility, with ownership directly transferred to the business, and the lowest asset acquisition funding rates applying. Hire Purchase allows operators to realise many of the same benefits of Chattel Mortgage, whether they use the cash or the accruals accounting method.
All asset acquisition funding facilities provide for tax deductions, which can reduce the overall cost of the machinery. Monthly payments can be tailored by our experts through negotiating on balloons and residuals.
How to Secure the Best Interest Rates on Equipment Loans
Integral to new assets being a viable option for boosting business performance and output can be the interest rate on the financing. Rates determine repayments, total interest payable, and the overall cost of the investment. Securing the lowest rates is key to the most affordable asset acquisitions and to realising production, productivity and ROI targets.
Securing the most competitive rates can depend on numerous issues including the credit profile and financials of the business; the lender; and the asset being acquired. The lender is critical as interest rates vary across the commercial credit market. Lenders set their own interest rates based on their outlook for the economy and the markets, while Reserve Bank rate decisions also have an impact.
Lenders have their own set of criteria for making rate offers and approving applications. We open channels to a vast selection of lenders for our customers through our large lender panel. Providing direct access through our brokers to source the best current market rates.
Budgeting for Equipment Loans with Quick Estimates
To assist in making decisions around whether gearing up with new machinery will be affordable and cost-effective, operators can use our online financing calculator. This tool allows a DIY approach to getting financing estimates for budgeting and planning purposes.
Compare estimates on different types of credit, on different machine models, and plan how the financing will work with cash flow forecasts.
Ready to gear up? Fast Equipment Loans Approvals for Fast Acquisitions
Whether it’s a new digger, a new tractor, the latest materials handling machinery, a new manufacturing production line, or new IT, when the need for new assets is identified, the sooner they are in operation, the sooner the business will realise the results.
We support operators with a simple application process and capability for fast approvals. Applications can be uploaded using our online tools or details provided over the phone with one of our brokers. Why delay any longer? Apply for financing and get the new financial year off to a productive start.
To equip your business with the necessary machinery to achieve improved performance and results, contact Jade Equipment Finance on 1300 000 003 to discuss equipment loans.
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.
