Equipment Finance

LKFS has a team of specialists who can assist you with a broad range of finance options, tailored to meet your specific business needs and objectives. We can finance most types of equipment & arrangements can be made for any size business.

At LKFS we offer a wide range of Equipment Finance products, these include:

• Hire Purchase
• Chattel Mortgage
• Novated Lease
• Rental / Operating Lease
• Lease in Escrow/Letters of Credit

Hire Purchase

A Commercial Hire Purchase provides you with immediate use of the equipment in exchange for making regular payments over an agreed term. During this period of up to five years, the lender will own the equipment, however when the final payment is made, ownership is automatically transferred to you. Payments are structured to accommodate your financial circumstances and a deposit may also be made before the commencement of the hire purchase.

Chattel Mortgage

Chattel Mortgage Facilities have been designed to assist with your Equipment Finance needs, improving cash flow where due to GST considerations, Commercial Hire Purchase is not suitable. The ownership of the goods remains yours, with the full Income Tax Credit able to be claimed in the next Business Activity Statement (BAS).

Leasing / Rental

A Finance Lease provides you with the use of the equipment for an agreed period, generally between one and five years. You make a series of rental payments that we can structure to suit your business cash flow. The residual value of the equipment is agreed prior to commencement of the Lease. This is the estimated value of the equipment at the end of the Lease period.

You name it, we can finance it:

• Motor Vehicles
• Trucks, Trailers & Special Purpose Vehicles
• Earthmoving & Road Construction Equipment
• Forklifts, Cranes, Hoists & Material Handling Equipment
• Manufacturing Plant & Equipment
• Medical Equipment
• Hospitality Equipment
• IT Equipment, Sofware & Telecommunications
• Aircraft, Boats & Ground Services Equipment
• Agricultural Equipment
• Office Furniture & Fitouts
• Gymnasium Equipment
 

Advantages of Equipment Finance:

Tax Advantages

Tax advantages for all types of Equipment Finance are significant, provided your equipment is used to derive taxable income.

Conserve Working Capital

By using Equipment Finance you prevent your cash and lines of credit being tied up. By conserving working capital, you have the ability to improve your cash flow and take advantage of profitable business opportunities as they arise.

Assists in Reduction of Operating Expenses & Improves Productivity

Old equipment can be inefficient and less cost effective than new technology. Equipment Finance keeps you at the forefront of technology and in a position to take advantage of opportunities as they arise.

Budget with certainty

Most Equipment Finance agreements are written at a fixed interest rate for a fixed period. As a result, repayments are not subject to interest rate fluctuations, making it easier for you to budget.

Flexible payments

Repayment Schedules are flexible and can be structured to suit your cash flow.