Vehicle and Equipment Finance

EQ Lending can help you minimize your trade-offs and equip your facility with the vehicle or equipment you need to run your operations smoothly and improve your bottom line. From cars and commercial trucks to forklifts and tractors, keep your business moving with tailored vehicle and equipment finance solutions for your business.

We have a full suite of funding options so you can make your purchase in your hour of need and pay for it over the long term. Connect with one of our vehicle and equipment financing specialists today for the best value vehicle and equipment loans.

Get The Tools Of The Trade For Your Business Without Tying Up Your Cash Flow

We’ll explore different vehicle finance options with various features like flexible repayments, extra repayments, and redraw facilities. Our lending specialists will guide you on the best vehicle loan options suited to your need.

Commercial Vehicles You Can Finance

Passenger Cars

Buses

Semi-Trucks

Tractors

Pickup Trucks

Forklifts

Cargo Vans

& more

Loan Options

Secured Vehicle Loans

In a secured vehicle loan, the bank or lender uses the vehicle you buy as security. They can repossess the vehicle if you fail to make repayments on time. This added security for the bank or lender means they charge lower interest rates, and you can borrow more to increase your vehicle budget.

Unsecured Vehicle Loans

An unsecured vehicle loan means there is no security or collateral for the bank or lender. This allows for banks or lenders to charge a higher interest rate for the vehicle loan, which also means your borrowing capacity is also lower than a secured loan.

Eligibility Criteria for Vehicle Finance

Most Australians can easily apply for car loans and car financing. However, there are a few common criteria you are required to meet.

For Individuals

Applicant must be 18 or above
Be an Australian citizenship, permanent residency, or hold an eligible visa
Proof of income (Financial Statements)

For Businesses

Australian Business Number (ABN)
At least 12 months of trading
Good credit rating

Asset Finance or Equipment Finance Options

Asset finance or equipment finance are financing options designed for businesses to obtain assets or equipment to improve productivity. This can include, for example, office equipment, mining equipment, IT, Telecommunications, and agribusiness assets. These finance options are a great opportunity for businesses to grow and expand their operations without taking on too much risk or putting in a large sum of money upfront.

The most common types of asset financing include equipment loans, hire purchases and finance leases. Among these, an equipment loan is the most popular asset finance option because you own the assets and pay the borrowed amount off progressively. This loan comes with potential tax benefits from Goods and Services Tax (GST) being included in the asset’s price, claiming interest parts of repayments, and depreciation of the assets.

Equipment You Can Finance

IT Infrastructure

Machinery

Office Furniture

General Supplies

Why EQ Lending

One-on-One Relationship

Solutions Driven Not Sales Driven

One-Stop-Shop

We always go out of our way to ensure that your lending process is both simple and stress-free. Most importantly, we have a one-on-one relationship with all our clients and provide a dedicated lending specialist to accommodate you from start to finish.

We’re solutions-driven lenders and on your side, unlike the traditional bank methods. We pride ourselves on putting your interests first by evaluating your individual financial position and presenting you with the best value options that suit your objectives.

We are your one-stop shop for first home owner mortgage broker services. Our team of lending specialists are experts who possess experience in the full spectrum of home loans, personal loans, construction and investment loans, vehicle and equipment finance, private lending, and residential and residential and commercial lending.

One-on-One Relationship

Solutions Driven Not Sales Driven

One-Stop-Shop

ABN: 71 626 000 404

Terms & Conditions

ABN: 71 626 000 404

T & C