ASSET FINANCE

Looking for vehicle or equipment finance?

We can match you with a perfect lender for either personal or business asset finance.

Whether you are looking to secure a car loan for yourself, or machinery for your business, we can help in finding the best options out there.

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VEHICLE FINANCE

Personal Asset Finance

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Car Finance

New or used? Whether you're buying a new or used car, financing options differ. New car loans typically offer lower interest rates, making them more affordable. For older fossil cars (15–25 years), some lenders may decline financing altogether. Without access to a broad lender panel, you could end up with an unsecured loan at higher rates, increasing your costs.

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Secured or unsecured?

Secured car loans use the vehicle as collateral, offering lower interest rates and better terms but risking repossession if payments are missed. Unsecured car loans don't require collateral, but often come with higher interest rates. Such loan is ideal when the vehicle doesn’t qualify as collateral (old or rare) or flexibility is required for expenses like insurance or upgrades.

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Caravan & Motorcycle finance

Newer motorcycles typically attract lower interest rates due to reliability and resale value, while older bikes often come with higher premiums. For collector's motorcycles, some lenders offer tailored vintage vehicle loans. Caravan financing follows similar trends, with better rates for newer models and specialised options for high-value caravans.

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Marine finance

Looking for a Yacht, Dinghy, Motorcruiser, Powerboat, Keelboat or Jet Ski? These loans can cover both new and used vessels, with flexible terms that often depend on the boat’s age, value, and intended use. Marine financing options may also include the ability to finance additional expenses like insurance and maintenance.

EQUIPMENT & VEHICLE FINANCE

Business Asset Finance

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Equipment Loans Across Industries

We work with wide variety of lenders which provide equipment & machinery finance for: Medical, Fitness and Gym, Agriculture, Restaurant, Manufacturing, Construction, Offices

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Truck/ Lorry finance

Older businesses with an ABN over two years often secure better truck financing deals, with lower rates and less paperwork. Startups face more challenges, but there are options available.

Types of business asset finance

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Commercial Hire Purchase

With CHP, the financier own the equipment during the hire term, transferring ownership to the lessee after all payments, including the final installment, are made. This option suits businesses aiming to own their equipment, offering fixed repayments and cost savings with an upfront deposit or trade-in.

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Chattel Mortgage

The business takes ownership of the asset upfront, while the lender secures the loan with the asset as collateral. Once the loan is fully repaid, the lender’s interest is removed. Chattel mortgages often feature fixed interest rates, and potential tax benefits (GST advantages).

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Equipment Finance Lease

An Equipment Finance Lease allows businesses to lease equipment with flexible options at the end of the term: renew the lease, upgrade to newer technology, or exit the agreement. It’s ideal for companies wanting access to the latest equipment without the upfront cost of ownership.

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Rent to Buy

A Rent-to-Buy or Lease-to-Own arrangement allows businesses to rent equipment with the option to purchase it at the end of the lease. This flexible option is ideal for testing equipment before committing or for businesses without the capital for an upfront purchase.

TOP FACTORS

What to look out for when choosing asset finance provider?

When choosing a finance provider, consider the interest rates, loan terms, fees, and the type of finance that suits your needs. Whether for personal vehicles or business assets, we as brokers ensure the provider offers transparent terms, competitive rates, and flexible options tailored to your circumstances. The comparison presented by us will help you avoid hidden costs and secure the best deal.

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INTEREST RATE & TERM/PERIOD

The length of your loan impacts your costs.

►  Longer loan terms offer smaller repayments
but result in higher total interest paid

►  Shorter loan terms mean larger repayments
but less interest paid overall

Choose a term that balances affordability and cost savings.

MAIN FACTORS

►  Documentation: lenders might ask for a proof of income or financials

►  Age of vehicle/ equipment: not every lenders is willing to finance older or used assets

►  Premiums: if you are in a dangerous line of work, lenders might increase the interest rate

►  Credit score: your personal or business credit score will affect your options

LEASE VS. BUY

Choose based on your budget, usage, and long-term goals.

►   Leasing offers lower upfront costs and the flexibility to upgrade equipment or vehicles at the end of the term, making it ideal for temporary use or access to the latest models.

►   Buying requires a higher initial investment, but you gain full ownership once payments are complete, making it more suitable for long-term needs or assets with lasting value.

EARLY REPAYMENT FEES

Be aware of early repayment fees when exploring asset finance options.

►  These fees can increase your overall costs if you repay early, refinance, or make extra payments.

Check for any potential charges that could affect your financial plan before you repay early.

ADDITONAL FEES TO CONSIDER

►   Entry/Exit Fees

►   Late Payments

►  Early Payments

►  Added Costs

►  Balloon Payment

►  Comprehensive Insurance

CONSULT WITH A BROKER

✔  Leave the leg work to your broker: they will work hard on finding the best options for your situation

✔  Finance review and exploring refinance: broker will review your loan periodically and check if a better rate or provider is available

Overwhelmed? Don't worry, Release Mortgage has got you covered.

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Find out which finance provider you are eligible for and maximise savings


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FAQ

Need clarification?

What is the interest rate?

The interest rate is the cost of borrowing and can vary between lenders. At Release Mortgage, you can access a network of lenders to compare rates and find the one that best fits your budget.

What documentation is required?

Required documentation varies by lender but typically includes proof of income, identification, and vehicle/equipment information. 

How long are vehicle/ equipment loans?

The loan terms typically range from one to five years, with some extending up to 10 years, depending on the vehicle/ equipment type and its expected lifespan.

Can I refinance my loan?

Yes, refinancing can be a great option if you can secure better terms or lower interest rates. Release Mortgage makes it easy to explore refinancing opportunities and potentially save on your loan.

What happens if I miss a payment?

Missing a loan payment can lead to late fees and hurt your credit score. It's important to reach out to your lender if you expect payment issues to explore possible solutions.

What if I want to sell the car before paying off the loan?

Selling a financed car before the loan is fully paid off is possible, but it usually requires coordination with your lender. The new owner will need to take over responsibility for the remaining loan balance.

WHAT CAN WE DO FOR YOU?

Learn more about our Services

 

CASE STUDY

Find out how we helped an overseas First Home Buyer prove his income

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INVESTMENT PROPERTIES

Get advise on how to utilise mortgage options to build or expand your Portfolio

EXPLORE OPTIONS

REFINANCING

Make sure you are not overpaying your interest rates

LEARN HOW

BAD CREDIT

Overcome Bad Credit and secure your Home Loan with expert guidance

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LEARN

Purchasing your first home

GUIDE

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From explaining key terms, getting pre-approval, making an offer to securing a home loan — all explained step by step. To start your journey in Australian property market, download our free guide.

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