Expand your operations or upgrade equipment and machinery

Asset finance is a type of financing that allows businesses and individuals to acquire assets without having to pay the full cost upfront. Instead, the asset is financed over a period of time, with the borrower making regular payments to the lender. At the end of the financing period, the borrower may have the option to purchase the asset outright.

Asset finance can be a good option for businesses and individuals who need to acquire assets but do not have the cash upfront. It can also be a good way to spread the cost of an asset over a period of time, which can make it more affordable.

There are two main types of asset finance: hire purchase and leasing. Hire purchase is a type of instalment loan, where the borrower makes regular payments to the lender until the full cost of the asset is paid off. At that point, the borrower owns the asset outright. Leasing is a type of rental agreement, where the borrower makes regular payments to the lender for the use of the asset. At the end of the lease term, the borrower has the option to purchase the asset, but they are not obligated to do so.

Asset finance can help you acquire assets that you would not be able to afford outright and spreads the cost of an asset over a period of time, making it more affordable. Another benefit is that it can give you access to assets that you may not be able to get a loan for, such as new equipment or vehicles.

If you are considering asset finance, it is important to factor in the total cost of the asset, including interest, fees, and any other charges. If you would like to learn more about asset finance or would simply like to talk about it, book a call with us or fill out our contact form.

Yes, we may be able to help you secure a personal loan if you have a temporary visa. However, not all temporary visa holders are eligible. If you are unsure about whether you can receive a personal loan, please fill out our contact form and we will get back to you.

Asset finance can be a great way to acquire the assets you need, but it’s important to understand the costs involved before you apply. The costs involved with asset finance can vary depending on the type of asset you’re financing, the lender, and the terms of the loan. However, there are some common costs that you can expect to pay.

• Upfront costs: Some lenders may charge upfront fees, such as application fees, document fees, or appraisal fees. These fees can vary in cost, so it’s important to ask about them.
• Interest: You’ll also have to pay interest on the loan, which is calculated as a percentage of the loan amount. The interest rate will vary depending on the lender and your credit score.
• Monthly payments: In addition to interest, you’ll also have to make monthly payments on the loan. The amount of your monthly payment will depend on the loan amount, the interest rate, and the term of the loan.
• Other costs: There may be other costs associated with asset finance, such as insurance, maintenance, and repairs. These costs will vary depending on the type of asset you’re financing.

The total cost of asset finance will depend on the upfront costs, interest, monthly payments, and any other fees or charges. It’s important to factor in all of these costs before you apply for asset finance.

Asset finance can be a great way to acquire the assets you need to grow your business or improve your personal finances. But how do you apply for asset finance?

To get asset finance, you will need to work with an asset finance broker. An asset finance broker can help you compare different lenders and find the best deal for your business. The application process involves a few steps. The first step Simplify Finance does for you. After an initial consultation about your financial asset needs, we do research based on your circumstances, comparing rates and terms, and provide you a variety of asset finance providers according to what’s best for you.

Once you have chosen a lender, you will be required to gather some basic documents to complete your application. These documents may include your business plan, financial statements, and personal credit report. We collate your information and submit the application on your behalf.

To learn more, book a call with us or fill out our contact form.

When meeting with an asset finance broker, there are a few questions we answer during our initial consultation to make sure you are fully informed about your options. These questions include:

• What are the terms of financing?
• What are the interest rates and fees?
• Are there any hidden costs?
• What are the early termination fees?
• What are the options for buying the asset at the end of the financing term?

By answering these questions, and more, Simplify Finance hopes to provide a transparent and holistic picture of asset finance to ensure the best decision is made for your finances.

Simplify Finance offers a wide range of options for your needs. Our services include:

• New and used car loans
• Motorcycle loans
• Commercial car and truck loans
• Personal loans
• Caravan loans
• Boat loans
• Equipment and machinery finance
• Cashflow and business loans

If you are looking for other asset finance services, get in touch with us.

If you are a temporary visa holder in Australia, you may be eligible for a car loan. Some acceptable visas which allows for car loans include:

• Temporary skill shortage visa
• Skilled employer sponsored regional (provisional) visa
• Skilled work regional (provisional) visa
• Skilled employer sponsored regional (provisional) visa

It is important to note that policies on temporary visas change periodically. If you are unsure about whether you can receive a loan, get in touch with us for more information.