Vehicle & Equipment Loan

At Oracle Ezy Finance, we understand that the right vehicle or equipment is essential to keep your business running smoothly. That’s why we offer flexible vehicle and equipment finance solutions designed to help you grow without tying up your capital.

Vehicle Loans

A vehicle loan (also called a goods loan or chattel mortgage) is one of the most popular ways to finance business vehicles. Under this arrangement:

Your business owns the vehicle from day one
The vehicle itself is the security, so in most cases no additional collateral is needed
Your working capital remains free for other business activities

You can use a vehicle loan to purchase cars, utes, trucks, vans, buses and trailers for business use. To qualify, your business must have an ABN and be registered for GST.

Equipment Loans

An equipment loan works in a similar way. Your business owns the equipment upfront while using it as security for the loan. No extra security is usually required.

This type of finance is ideal for purchasing:

Machinery and tools
Office equipment, software or hardware
Medical or clinic fit-outs
Construction or agricultural equipment

As with vehicle loans, businesses must hold an ABN and be registered for GST.

Equipment / Vehicle Loan	Lease	Hire Purchase
Vehicle and Equipment loan is the most popular among these three choices. In this loan arrangement, business buys the vehicle or equipment and owns it from start. Business makes payments for principal and interest to pay off the loan on the equipment. After these repayments are made, the business then owns the vehicle or equipment outright. If there is balloon payment left, the business needs to make that payment at the end of the agreed period.	The lender or bank buys the equipment and gives it to the business for a set period. After the lender has bought the equipment, business pays rent for a period signed with the bank or lender. Once the lease finishes, the business returns the vehicle or equipment to the bank/lender and makes over the left-over payment or amount.	In the hire purchase agreement, the lender or the bank buys the vehicle or equipment. As per the agreed terms the business buys it from the lender by paying instalments. During this agreed period, business possesses and uses the vehicle or equipment and makes regular payments for instalments. When the business pays the final payment, the bank or the lender transfers the vehicle/equipment in business’s name.

Every business is different, and not all can meet strict bank requirements. That’s why we also offer low-doc equipment and vehicle loans, giving more businesses access to the finance they need.

Book a consultation with Oracle Ezy Finance today

Oracle Ezy Finance is your trusted mortgage broker in Epping and nearby suburbs helping individuals, families and businesses secure the right home loans, investment loans, commercial finance and personal loans with ease. We make lending simple, transparent and stress-free

Vehicle & Equipment Loan

Vehicle Loans

Equipment Loans

Book a consultation with Oracle Ezy Finance today

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