Equipment finance · 4 min read
Equipment Finance Explained: Is It Right for You?
How equipment finance works in Australia, what it costs, and when a business loan makes more sense.
Key takeaways
- The equipment secures the loan, keeping rates lower.
- New and used assets can be financed.
- Repayments may be tax-deductible — ask your accountant.
How it works
The lender pays the supplier, you use the equipment straight away and repay over 1–5 years. The asset is the security.
When a business loan is better
If you need funds for installation, training or stock alongside the equipment, a general business loan can be simpler.
General information only — not financial advice. Consider your circumstances and speak to a qualified adviser.