Vehicles
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Product explanation
What is asset finance?
Plain-English guidance so you can understand the product before deciding whether to proceed.
Asset finance is lending used to purchase or refinance an asset such as a vehicle, truck, machinery, equipment or other business asset. The asset often forms part of the lender security.
It is commonly used by businesses that need productive assets while managing cash flow and matching repayments to business use.
Broker-led, not one-size-fits-all
- Clear product explanation
- Practical document guidance
- Suitable lender pathways reviewed
- Structure explained before application
Visual finance guidance
Clear guidance with relevant real-world scenarios
These examples show the types of situations, assets and documents that commonly shape the finance discussion.
Finance for income-producing assets
Vehicles, machinery, equipment and fit-out assets can support business capacity when structured carefully.
Match the asset to the lender
Asset type, age, value, supplier and business use can all influence lender appetite.
Plant and equipment pathways
Tractors, forklifts, cherry pickers and machinery may need different documents and valuation checks.
What can be financed
Common examples we can help review
Final lender fit depends on the asset, applicant profile, loan amount, purpose and supporting documents.
Trucks
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Machinery
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Equipment
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Plant and tools
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Business assets
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Trailers
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Fit-out assets
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Who this may suit
Practical scenarios where broker guidance can help
Figure Out Finance works through your situation, explains lender expectations and helps identify suitable next steps.
Sole traders purchasing work assets
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Companies expanding capacity
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Tradies and contractors
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Transport operators
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Businesses upgrading existing equipment
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers refinancing asset loans
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Finance options available
Structures that may be considered
Depending on your circumstances, options may include the structures below. Not every option is available to every applicant.
Chattel mortgage
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Commercial hire purchase
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Lease or rental options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Balloon or residual options where suitable
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Low-doc options for some ABN holders
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Asset refinance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
What lenders usually consider
How lenders commonly look at an application
The assessment is not designed to be intimidating. It is about confirming the loan purpose, ability to repay and whether the product fits lender criteria.
Asset type, age and value
This is one of the common factors lenders may review when assessing the application.
ABN/GST status where relevant
This is one of the common factors lenders may review when assessing the application.
Trading history
This is one of the common factors lenders may review when assessing the application.
Credit profile
This is one of the common factors lenders may review when assessing the application.
Deposit or equity
This is one of the common factors lenders may review when assessing the application.
Repayment capacity
This is one of the common factors lenders may review when assessing the application.
Loan purpose
This is one of the common factors lenders may review when assessing the application.
Supporting documents
This is one of the common factors lenders may review when assessing the application.
How Figure Out Finance helps
Guided support from enquiry to settlement
You get clear broker support rather than being left to interpret lender requirements alone.
- Understanding what you are trying to fund
- Comparing suitable lender options from a broad panel
- Explaining the structure clearly before proceeding
- Helping with documents and lender requirements
- Managing lender communication
- Supporting the process through to settlement
Documents commonly requested
Documents depend on the lender, loan type and applicant profile
Documents requested will depend on the lender, loan type and applicant profile. Dean will confirm the exact list after reviewing your scenario.
- Driver licence or ID
- ABN and entity details
- Asset invoice or purchase contract
- Bank statements where requested
- Financials or BAS where required
- Payout letters for refinance
- Supplier details
- Insurance before settlement
Process
Simple 4-step process
1
Tell us what you need
Share what you are trying to fund, the timing, amount and applicant situation.
2
We review suitable options
We compare suitable lender pathways based on the purpose, profile and documents.
3
We explain the structure
You receive clear guidance on structure, repayments, conditions and next steps.
4
We help with application and settlement
We help manage lender requirements and support the process through to settlement.
FAQ
Common questions
General information only. The right answer depends on your circumstances and lender criteria.
Vehicles, trucks, machinery, plant, tools, equipment and other business assets may be considered depending on lender criteria.
Asset finance is commonly commercial, but some personal-use assets may be funded under different loan structures.
Asset refinance may be considered if the asset, payout and borrower profile meet lender criteria.
Some lenders may consider low-doc pathways for eligible ABN holders.
Ready to review your finance options?
Tell us what you are looking to fund and we’ll help you understand suitable options from our lender panel.
Finance is subject to lender approval, credit criteria, fees, charges, terms and conditions.