Equipment Finance

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Business Equipment Funding

Let’s talk about equipment finance.

Most businesses need to purchase vehicles, plant or equipment at some point. It’s not always feasible to pay cash, so many businesses rely on access to funding their purchase.

It’s important to have the correct funding structure to suit your business and may be a good idea to seek the relevant tax advice before signing.

At Fox we have access to a range of equipment finance Perth solutions, with low interest rates and fast turnaround times. 

Get in touch today to fund your next purchase.

Finance Lease

A finance lease is a form of rental agreement operated by a finance company which allows you to lease equipment for an agreed term and a predetermined regular rental amount. The goods remain the property of the finance company but you benefit from the fact that the rental payments are tax deductible. All the equipment leased must be employed in producing assessable income. At the end of the lease you can make an offer.

A residual value is set by the finance company to reflect the equipment’s value and depreciation at the end of the rental term at which time you can either extend the lease, return the equipment in good condition, purchase it or trade it back in for an up-to-date replacement.

Hire Purchase

Hire purchase is another form of rental agreement, but differs from a finance lease because, as soon as the last payment is made, ownership of the equipment automatically transfers from the finance company to you.

This form of equipment acquisition can save you money in a number of ways. You can pay a deposit upfront to reduce your monthly payments or pay less monthly and a balloon payment at the end of the term. You’ll have time to save the balloon payment amount during the hire purchase period. You may be able to claim a tax deduction on depreciation and interest payments.

Chattel Mortgage

A chattel mortgage is essentially a charge over goods yet to be financed. It allows businesses who operate a ‘cash accounting’ system to immediately claim the full input tax credit from GST-incurred expenses.

At Fox we have access to a range of funding solutions, 

We will be there to guide you through the whole process of Equipment Finance, whether you are looking for finance lease, hire purchase or a chattel mortgage.

Get in touch now to book your appointment with a Fox Finance Broker.

EXCELLENT
186 reviews on
Steven Barrett
Steven Barrett
26 April 2024
Paul was amazingly helpful and of great service, he eased uncertainty for us in the early parts of the house buying process and supported us all along the way, even when circumstances were likely and eventually proven that the finance would no longer be needed. 100% recommended!
Deryck Tucker
Deryck Tucker
16 April 2024
10 out of 10. Paul and his team were amazing. Very helpful every step of the way for our property purchase, highly recommend Fox Finance.
Luke Grundy
Luke Grundy
16 April 2024
Great work team! Delighted to have settled in our first family home, great work from Paul, Naomi and the rest of the team at Fox Mortgages - would highly recommend them to anyone in need of a Mortgage Broker. Luke, Laura, Little Izzy and the the dog Winston!!
Samara Meghani
Samara Meghani
12 April 2024
Paul & his team have been fantastic throughout the whole process of purchasing our home.
Alan Seery
Alan Seery
9 April 2024
Excellent Customer Service. Paul and the team at Fox Mortgages assisted us with re-mortgaging and new mortgages over the years and the experience has always been extremely positive and efficient. I'd recommend Fox Mortgages to anyone.
Sue Garrood
Sue Garrood
4 April 2024
Top Line Professionalisim. The team at Fox Mortgages were faultless from start to finish. This was my first home purchase & Paul took all the time I needed to talk & help me through every stage answering every small question & query. What I thought was going to be the impossible they made possible for me. Could not fault a single step with the whole team. Communication didnt stop when purchase went through either, the follow ups & check ins show they genuinely want to make sure your off to a good start & can go back at any stage for advice at any stage. Great experience, awesome team could not recommend them any higher!!!!
Tania P
Tania P
25 March 2024
The team at Fox Mortgage Services are the best mortgage brokers ever! Nothing was too much trouble, the process was so easy and they were so wonderful to deal with, even though we weren’t the easiest of clients! Thanks Paul and the team, you are amazing. 🤩
Jonathan
Jonathan
20 February 2024
Great service efficient painless process. Thank you.
Jo Larvin
Jo Larvin
20 February 2024
Very helpful and friendly, we had some quirks in our application and they were very responsive at helping to resolve and making sure we got our mortgage. We were so impressed, we went back a second time for another property, and will go back for any future purchases.