Equipment Finance Broker Sydney
Equipment Finance Built Around Your Business
Financing equipment usually means comparing a handful of loan structures. It’s not always clear which one actually suits your business. At Lendwise, we broker equipment finance across Sydney. We compare lenders on our panel, so the loan fits the equipment you’re financing and how your business will use it. Whether it’s a work vehicle, machinery, tools, or technology, new or used, we look at your full situation first. Then we recommend a lender.
Equipment finance isn’t the same for every business. The right structure depends on whether you’re buying new or used, and how long you’ll actually use the equipment. It also depends on whether you want to own it outright, or lease it instead. We work through that with you first, then match it to a lender on our panel.
Why Equipment Loans Matter
Equipment finance isn’t one structure. A chattel mortgage, a finance lease, and a hire purchase agreement all work differently. The right one depends on how long you’ll use the equipment, how you want to handle ownership, and how the loan sits against your other business costs.
A supplier’s job is to sell you the equipment. Getting you the right loan structure sits well down their list of priorities. Our job is the loan itself. What your business can afford, what you’re trying to achieve, and which lender on our panel suits your situation.
For Sydney businesses, that also means factoring in registration, insurance, and running costs. These sit alongside the loan repayment, on top of the price of the equipment itself.
Our Process
Here’s what working with an equipment finance broker actually looks like. It runs from your first message to the day it’s funded.
Our Equipment Finance Services
Talk to an Equipment Finance Broker in Sydney
Why Choose Lendwise for Your Equipment Finance
I’m Rajeev Vij, the broker behind Lendwise. Here’s what you get when you work with me.
Frequently Asked Questions
What is equipment finance?
Equipment finance is a loan or lease used to buy business equipment, machinery, or vehicles. It saves you paying for it outright. It's usually set up as a chattel mortgage, a finance lease, or a hire purchase. Each one works differently. The equipment itself is often used as security for the loan.
What's the difference between a chattel mortgage and a finance lease?
A chattel mortgage means you own the equipment from the start. You repay the lender over the loan term. A finance lease works differently. The lender owns the equipment, and you make lease payments for an agreed period, often with the option to buy it at the end. Which one suits you depends on how you want to handle ownership, and how your business claims the asset.
Can equipment finance cover a work vehicle or truck?
Yes. Equipment finance covers work vehicles and trucks, as well as machinery, tools, and technology. We look at the same panel of lenders, regardless of what you're financing. Then we match the structure to how you'll use it.
Do I need a deposit for equipment finance?
It depends on the lender and the equipment you're financing. Some loans are available with no deposit. Others need one. This is more common for older or higher-value equipment. We'll talk through what makes sense once we understand your situation.
Can I finance used or second-hand equipment?
Yes. Lenders on our panel finance both new and used equipment. The age and condition can affect which lenders will finance it, and on what terms. We factor that in when comparing your options.
What documents do I need to apply?
Usually proof of identity and business details. We'll also need information about the equipment you're financing. If you're a sole trader, or a newer business, we might need a bit more. We'll let you know once we understand your situation.
How does equipment finance affect GST and tax?
The structure you choose can affect how you handle GST and depreciation. We can talk you through the general differences. But the specifics for your business are worth checking with your accountant before you decide.
How long does equipment finance approval usually take?
It depends on the lender, the type of equipment, and how quickly your documents come through. Some approvals come back quickly. Others take longer, if a lender needs more information. We'll give you a realistic timeframe once we know which lender fits your situation.