Equipment Finance

We have access to competitive rates and over 10 Lenders for Motor Vehicle and Equipment Finance.

WealthWise offers a wide range of products including:

Finance Lease: The financier purchases the vehicle or equipment and leases it back to the borrower. At end of lease you can make an offer to purchase the equipment for the residual value.

Novated Lease: A Novated Lease may be the ideal arrangement for an individual who has the option of receiving a car as part of their salary package. The Employer (through a novation agreement) meets the repayments on the lease but the employee is wholly responsible for the vehicle’s maintenance and running costs.

Operating Lease: Financier purchases the vehicle and rents it back to you. At the end of the term the item is returned to the Lessor with no further financial obligation.

Sale & Lease / Hireback: This finance option would be ideal for a client who has purchased a vehicle or piece of equipment for cash in the past 3-6months. The borrower can approach a financier to reimburse the purchase by way of loan or lease agreement for those goods.

Hire Purchase: Financier lends money to purchase vehicle or equipment. The borrower retains ownership of the asset throughout the term of the loan. The borrower may finance the total cost price or they can contribute a deposit and they may have a balloon payment at the end of the term.

Specific Security Agreement (Chattel Mortgage): Financier lends money to the borrower to purchase a vehicle or equipment. The borrower retains ownership of the asset throughout the term of the loan. The borrower may finance the total cost or they can contribute a deposit and they may have a balloon payment at the end of the term.