Asset Finance

Vehicle and Equipment Finance Solutions for Businesses and Individuals

Whether you're purchasing a new vehicle, upgrading business equipment or expanding your fleet, asset finance can help preserve cash flow while spreading the cost over time.

Rather than tying up valuable capital in a single purchase, asset finance allows individuals and businesses to acquire the assets they need while maintaining working capital for other opportunities.

At LaiKin Finance, we assist clients across Melbourne, Sydney, Brisbane and regional Australia secure finance for a wide range of vehicles, machinery and equipment.

Whether you're a PAYG employee purchasing a family vehicle, a tradie upgrading your ute, a transport operator expanding your fleet or a business owner investing in equipment, we can help identify suitable finance solutions.

What is Asset Finance?

Asset finance is a lending solution used to purchase vehicles, machinery, equipment and other business assets.

Instead of paying the full purchase price upfront, borrowers can spread repayments over an agreed loan term.

Depending on the borrower and asset type, various finance structures may be available.

Assets We Commonly Finance

Passenger Vehicles

  • New cars

  • Used cars

  • SUVs

  • Electric vehicles

  • Luxury vehicles

Commercial Vehicles

  • Utes

  • Vans

  • Trucks

  • Prime movers

  • Trailers

  • Tippers

Construction Equipment

  • Excavators

  • Skid steers

  • Loaders

  • Cranes

  • Earthmoving equipment

Business Equipment

  • Manufacturing equipment

  • Medical equipment

  • Printing equipment

  • Agricultural machinery

  • Hospitality equipment

Technology Equipment

  • Computer systems

  • IT infrastructure

  • Telecommunications equipment

Why Use Asset Finance?

Preserve Cash Flow

Avoid using large amounts of working capital on a single purchase.

Access New Equipment Sooner

Acquire equipment immediately rather than waiting to save the full purchase price.

Flexible Repayment Structures

Different loan terms and repayment options may be available depending on your circumstances.

Potential Tax Benefits

Business borrowers should seek independent accounting advice regarding potential tax implications.

Upgrade More Frequently

Asset finance can assist businesses with maintaining modern and reliable equipment.

Common Asset Finance Structures

Consumer Car Loans

Suitable for personal vehicle purchases.

Chattel Mortgage

One of the most common structures used by businesses purchasing vehicles and equipment.

Finance Lease

A leasing arrangement commonly used by businesses.

Commercial Hire Purchase

A finance solution available for eligible commercial borrowers.

Novated Lease

Often used by employees through salary packaging arrangements.

Dealer Finance vs Independent Finance

Many borrowers are first introduced to finance through a dealership.

While dealer finance can be convenient, it is often beneficial to compare multiple options before making a decision.

Different lenders may offer:

  • Different interest rates

  • Different fees

  • Different repayment structures

  • Different balloon options

  • Different credit assessment criteria

Comparing multiple options may help ensure the chosen structure aligns with your objectives.

Example Scenario

A construction business in Victoria was looking to purchase a new commercial vehicle valued at approximately $150,000.

The business wanted to preserve working capital for upcoming projects rather than using cash reserves for the purchase.

After comparing multiple lenders and finance structures, we secured an asset finance solution that aligned with the business cash flow requirements and operational objectives.

The client acquired the vehicle while retaining capital for future business opportunities.

How LaiKin Finance Helps

We take the time to understand:

  • The asset being purchased

  • Your intended use

  • Cash flow requirements

  • Business structure

  • Future plans

We then compare lender options and explain the available structures in plain English so you can make an informed decision.

LaiKin Finance provides finance solutions Australia wide. Learn more about the areas we service.

Useful Calculators

Before applying, we recommend using the following tools:

Current Market Rates

Compare indicative market rates and see where your current or proposed rate sits within the market.

Frequently Asked Questions

  • Asset finance is a loan or leasing arrangement used to purchase vehicles, equipment or machinery while spreading the cost over time.

  • Yes.

    Many lenders provide finance for both new and used vehicles, subject to age and condition requirements.

  • Depending on the lender and transaction, funding may be available for up to 100% of the purchase price and associated costs.

    Eligibility requirements apply.

  • A balloon payment is a lump sum that remains payable at the end of the loan term.

    Choosing a balloon may reduce monthly repayments during the loan term.

  • Not necessarily.

    While it can improve cash flow by reducing regular repayments, the balloon amount will still need to be repaid or refinanced at the end of the term.

  • Yes.

    Many lenders provide asset finance solutions for sole traders, partnerships, companies and trusts.

  • Yes.

    Many businesses use asset finance to acquire equipment while preserving working capital.

  • Requirements vary between lenders but may include:

    • Identification

    • Income verification

    • Business financial information

    • Asset details

    • Bank statements

  • Simple asset finance applications may receive approval relatively quickly when supporting documentation is available.

    Timeframes vary between lenders.

  • Dealer finance can be convenient, however comparing multiple lender options may provide greater transparency around rates, fees and loan structures.