Take advantage of the use of equipment and the option to buy it at the end of the lease. No deposit and low interest rates compared to other equipment finance. Our solutions can help you free up your cash flow so your business can grow.
Deep Industry Expertise
We have deep industry expertise and knowledge gained through actual hands on experience in industry. We build long standing relationships with customers and can understand your business and industry sector.
Broad Industry Experience
Unique to Suitable Loans we have previously worked in industries such as Building and Construction, Manufacturing, Telecommunications, Music, Arts & Entertainment, Retail, Government, Automotive, Education, Information Technology, Healthcare, Financial Services
Your trusted Advisor
You have our Asset Finance team behind you to support you through the asset financing process and beyond. We're paid by the lender, not by you. We negotiate with lenders and look after your best interests.
Finance Lease features
Amount financed - lease amount is for 100% of the value of the goods to be financed. Trade in or deposit do not apply.
Asset suitability - suitable for higher value purchases with medium to long term lifespan
How does it work? - also called a 'Capital Lease', you choose the vehicle or equipment your business needs, the lender purchases it from the supplier, you rent it from the lender for the duration of the agreement, at the end of the lease you return the asset to the lender
Ownership? - you won't own the asset during the term of the lease but you can offer to buy it from the lender at the end of your lease agreement.
Asset and Liability - the equipment does not appear on your balance sheet as an asset or liability. Your lease obligations will appear as a liability on your balance sheet.
Fixed term - the length of the loan is a fixed term usually from 1 to 5 years and the cost is usually spread over the full economic life of the asset
Balloon Payment - choose a balloon payment for the end of the lease term if you want to keep monthly payments down
Flexibility - structure your loan term and repayments in a fixed way so they suit the cashflow of your business such as monthly , quarterly or seasonal
Refinance - the asset can be leased for a further period at low rent - 'peppercorn rent'
Upgrade - to upgrade you will need to end the finance lease agreement and take out a new one however early termination if allowed, may incur a cost
Tax benefits - lease payments may be tax deductible, you may be able to claim GST credits for any GST included in the lease charges, and if you purchase the goods at the end of the lease agreement you may be eligible to claim a GST credit for any GST you paid in the price of the purchase.
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Information provided on this website is general in nature and does not take into account the readers goals, objectives, or circumstances. You should consider whether the information is appropriate for you as it does not constitute advice.