Cars and light vehicles
Cars, utes, vans and motorbikes, financed personally or through a business. The structure changes depending on who owns the vehicle and how it is used, which affects both the rate and the tax treatment.
Finance That Keeps Your Cash Working
Whether you are buying a family car, a work ute, a fit-out for your business or a piece of heavy equipment, how you finance it matters as much as what you pay for it. The right structure protects your cash flow, can deliver tax advantages for business, and keeps your borrowing power intact for the things that matter most.
Asset finance is the umbrella term for borrowing to buy a specific asset, usually with that asset as the security. It covers everything from a personal car loan to a chattel mortgage on business equipment, and the right product depends on whether you are buying personally or through a business, and how you want the tax and ownership to work. As a team of trusted Melbourne finance brokers, we match the structure to your situation. For a work vehicle, business car loans bring tax-friendly structures that a consumer loan cannot.
Need to finance a vehicle or equipment? Call us on 1300 562 696, and we will work out the structure that suits you.
What Asset Finance Covers
Asset finance spans personal and business borrowing for a wide range of assets. These are the categories we arrange most often:
Equipment and machinery
Tools, fit-outs, manufacturing equipment, IT and office assets. Financing equipment rather than paying cash keeps working capital available for the day-to-day running of the business.
Trucks and heavy vehicles
Prime movers, trailers, tippers and other heavy vehicles, often through specialist transport lenders who understand the industry and the assets.
Yellow goods and plant
Excavators, loaders, cranes and other plant and earthmoving equipment, financed with lenders comfortable with the asset class and its resale profile.
The Main Types of Asset Finance
The product you choose affects ownership, tax and cash flow. Here is how the common structures compare:
| Structure | Who owns the asset | Best for |
|---|---|---|
| Chattel mortgage | You | Businesses wanting Goods and Services Tax (GST) and depreciation benefits |
| Finance lease | The lender | Businesses wanting predictable payments and easy upgrades |
| Operating lease | The lender | Businesses wanting to use an asset without owning it |
| Consumer car loan | You | Individuals buying a personal vehicle at a competitive rate |
The right structure depends on whether you are buying personally or through a business, and is best decided with your accountant.
How Lenders Assess Asset Finance
Asset finance is assessed a little differently to a home loan. Lenders weigh up three things:
- the capacity to repay
- the asset itself, which is the security
- the health of the business, for business finance
Because the asset is the security, newer, mainstream assets with strong resale value are easier to finance than older or specialised ones. For consumers, the assessment is generally quick, based on income and credit history. For businesses, it comes down to trading history and cash flow, and sometimes financials, though established operators can often borrow on a low doc basis. The structure you choose interacts with all of this, which is where advice before you commit pays off.
Our Asset Finance Services
Our asset finance covers six distinct needs across personal and business borrowing. Select the one that fits your situation, or get in touch and we’ll point you in the right direction.
Personal Loans
Flexible personal finance for a car, travel, renovations, consolidation and life’s larger expenses.
Car Loans
Competitive finance to buy a car, new or used, for personal use, structured around your budget.
Business Car Loans
Vehicle and fleet finance for business through chattel mortgage, lease or hire purchase.
Car Finance and Leasing
Novated leasing and car finance options structured around how you use and own the vehicle.
Truck and Equipment Finance
Finance for trucks, trailers and business equipment, sized to the asset and your cash flow.
Yellow Goods and Plant Equipment Finance
Finance for excavators, loaders and heavy plant, new or used, for construction and earthmoving.
Why Borrowers Use Loanworx Group for Asset Finance
Asset finance has more moving parts than it looks, across product, lender and tax. An asset finance broker who knows the panel can save you money and hassle, which is what you get with Loanworx Group:
We match the structure to your goals
Chattel mortgage, lease or consumer loan, personal or business, we work out which structure suits your cash flow and tax position, often alongside your accountant.
We know the asset lenders
Different lenders suit different assets and borrowers. With access to a wide panel, we place your finance with a lender comfortable with your assets and your situation, at a competitive rate.
We keep it quick and clear
Asset finance often needs to move fast, before settlement on equipment or a vehicle. We handle the legwork and keep the process efficient and straightforward.
Financing a Vehicle or Equipment? Let’s Talk
The right structure keeps your cash working and your options open. We will match your asset finance to the right lender and product for your situation. Call us on 1300 562 696.
Frequently Asked Questions (FAQs)
What is asset finance?
Asset finance ties the loan to a specific asset, which serves as the security. That is what separates it from an ordinary personal loan: the asset behind the deal usually means a sharper rate, and for businesses it can open up tax treatment a standard loan cannot. It runs across vehicles, equipment, machinery and plant.
What is the difference between a chattel mortgage and a lease?
With a chattel mortgage you own the asset from the start and the lender takes security over it, which can suit business buyers wanting to claim GST and depreciation. With a lease, the lender owns the asset and you lease it, with end-of-term options. Your accountant can advise which suits your tax position.
Can I finance a car personally and through my business?
Yes, and the structure differs. A personal vehicle is usually a secured consumer loan; a business vehicle is often a chattel mortgage or lease with potential tax advantages. How the vehicle is owned and used determines the best structure, which we work through with you.
How quickly can asset finance be approved?
Often quickly. With clean income and credit, consumer vehicle finance can be approved in a day or two. Business equipment finance can also move fast for established operators when the paperwork is in order. Timeframes depend on the asset and your situation, and we keep things moving.
Does the type of asset affect the loan?
Yes, quite a bit. The asset’s age, type and resale value shape the rate, the maximum term and which lenders will take it on. Mainstream, late-model assets are the easiest to place; older or specialised gear, such as heavy vehicles and plant, often sits with lenders who know that asset class. Matching the asset to the right lender is part of what we do.
Can I get asset finance with a low doc option?
Often yes, for established businesses buying business assets. Many lenders approve equipment and vehicle finance for operators with a trading history without full financials. The available options depend on how long you have been trading and the asset, which we assess upfront.
Will asset finance affect my home loan borrowing power?
It can, because the repayments are a commitment lenders count. Structuring asset finance well, and timing it around a home loan, keeps the impact in check. We look at your whole position, so one purchase does not quietly limit another.
