Asset finance funds equipment, vehicles and machinery using the asset itself as security. Because the lender holds tangible collateral, rates are lower than unsecured business lending and approval is generally faster.

The main structures are a chattel mortgage, where you own the asset from day one, a finance lease, where the lender owns it and you lease it, and hire purchase.

This is the workhorse product for Logan's economy. Trades, transport, earthmoving and light manufacturing operators across Slacks Creek, Berrinba, Crestmead and the Yatala corridor use it constantly to add capacity without draining working capital, which matters when debtor payments run 30 to 60 days behind invoices.

Cube Home Loans compares 60+ lenders. See our asset finance page or call 1800 774 756.

Almost any income-producing business asset: trucks, utes and commercial vehicles, excavators and earthmoving plant, trailers, forklifts, CNC and manufacturing equipment, commercial kitchen fit-outs, medical and dental equipment, and IT infrastructure.

Lenders group these into primary assets such as vehicles and trucks, secondary assets such as forklifts and construction plant, and tertiary assets such as IT and fit-out items. Primary assets attract the sharpest rates because they are easiest to resell, and the gap between primary and tertiary pricing is significant.

Age matters. Most lenders limit how old an asset can be at the end of the term, which affects used equipment and auction purchases common in Logan's earthmoving and transport sectors.

Private sales and auctions are financeable with proper documentation. We arrange finance across all three categories.

Core requirements are an active ABN, GST registration for most commercial rates, and a reasonable trading history. Many lenders offer low-documentation approvals up to a set limit, assessed on the asset and director credit history rather than full financials.

Above that threshold, expect financial statements, tax returns and recent BAS lodgements.

Property ownership improves your position significantly. Directors who own residential property, whether in Logan or elsewhere, generally access better pricing and higher low-doc limits than non-property owners. If you own a home in Logan and have equity, that can also be an alternative funding route worth comparing.

New businesses under twelve months old can still qualify, particularly with prior industry experience. We match your file to lenders whose policy actually fits before submitting, rather than collecting declines. Get in touch.

Structure changes the tax treatment, which is why the choice matters more than the rate difference between lenders.

Under a chattel mortgage the business generally claims depreciation on the asset and the interest component of repayments, and GST-registered businesses can typically claim the GST credit upfront. Under a finance lease the treatment differs, with lease payments usually deductible instead.

Instant asset write-off and similar concessions change from year to year, including thresholds and eligibility, so current-year rules need checking rather than assuming last year's position still applies.

This is general information only, not tax advice, and Cube Home Loans is not a registered tax agent. Speak to your accountant about your circumstances. What we do is structure the finance so the option your accountant recommends is actually available to you from a lender who will fund it.