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Asset Finance

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With Asset Finance you can get the assets and equipment you need to grow your business without the significant cost outlay.

At South West Credit we can provide Asset Finance for cars, trucks, busses, earthmoving equipment, agri-equipment, office equipment, fit outs, engineering equipment, manufacturing equipment or retail equipment.

Asset finance is a great solution for businesses that need equipment that is too costly to purchase outright.

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Finance Lease

A finance lease is a form of asset finance that allows a customer (business owner) the use of a commercial vehicle or car while enjoying all the benefits of ownership. The financier owns the asset however you bear the risk of disposal (of the asset) at the end of lease.

You can choose lease payments in advance or arrears and terms up to five years. A residual value is required in line with the asset’s use and the Australian Taxation Office’s guidelines.

This type of lease can benefit businesses that need the latest vehicles or equipment without tying up a large amount of capital.

Chattel Mortgage

Chattel Mortgages are a popular asset finance solution where you own the asset from the outset and your loan agreement is secured by the asset.

You can tailor your loan payments by choosing the term (up to five years). Other payment options can include a deposit and a larger final instalment.

You can also structure payments to free up cash flow at the times of year you need it most.

When it comes to asset finance, a chattel mortgage is a popular option among business owners and operators.

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