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Equipment Finance

Finance options for the purchase of vehicles or equipment for your business

Enquire Now

or call 13 11 55

Why choose Equipment Finance?

Our Equipment Finance options help you purchase or upgrade vehicles and equipment without drawing on your working capital. We offer both Finance Leases and Chattel Mortgages, each with potential tax saving benefits and flexible payment options to match your cash flow.

Choose between a Finance Lease and a Chattel Mortgage:

Finance Lease

Chattel Mortgage

How it works

Suncorp purchases the vehicle or equipment and you enjoy the use of the goods for an agreed time in return for rental repayments.

You have full immediate ownership of the vehicle or equipment with Suncorp holding a charge over the goods until the final payment is made.

Amount financed

Suncorp finances 100%, so no capital outlay or ownership obligation is required.

Choose between paying a deposit to reduce the overall debt or ask us to finance 100% of the purchase price.

Flexible terms

1-5 years

1-5 years

Flexible repayment options

Tailor the repayments to suit seasonal cash flow. A lump sum payment known as the residual will be payable at the end of the Lease. This is based on the value of the equipment at the end of the lease per Australian Taxation Office guidelines.

Tailor the repayments to suit seasonal cash flow. You can choose an optional lump sum payment, known as a balloon payment, at the end of the term.  This helps to reduce repayment amounts during the loan.

Tax benefits

Repayments are generally tax deductible and you may even be able to claim an input tax credit.

Interest and depreciation may be claimable.

GST

GST is payable on each repayment. You may be able to claim the GST paid via Input Tax Credits monthly, quarterly or annually.

We can fund the GST on the purchase price.  There’s no GST on the repayments.

We also offer luxury car leases for vehicles above the ATO threshold and novated leases for employee salary packaging.  

Key features

  • Maximise your business cash flow by freeing up your working capital
  • Flexible terms – choose from 1 to 5 years
  • Flexible repayment options to suit your cash flow – choose from monthly, half-yearly, yearly, seasonally, either in advance or arrears
  • Tax effective solutions – you may be able to claim interest, rental payments, and depreciation
  • Purchase new or used equipment within age parameters

Equipment Finance Calculator

 Calculate your payments

Ready to apply?

Alternatively download and complete the Equipment Finance Application Form and deliver it to your nearest branch for assessment

or call us on 13 11 55

Equipment Finance products are offered by Suncorp Metway Advances Corporation Pty Ltd ABN 89 100 845 127. The above information is for approved applicants only and subject to terms and conditions. For a copy of the terms and conditions please call 13 11 55.

This is not business, financial, legal or taxation (including GST) advice. Get independent advice on how the Asset Purchase might impact your business, financial, legal or taxation position.

Business Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). To approved applicants only. Fees, charges, terms and conditions apply and are available on request. Citigroup Pty Limited ABN 88 004 325 080, AFSL No. 238098, Australian Credit Licence 238098 (“Citigroup”) is the credit provider and issuer of Suncorp Clear Options Business Credit Cards. Suncorp Bank promotes and distributes Suncorp Clear Options Business Credit Cards on Citigroup’s behalf under an agreement with Citigroup. Suncorp Bank will not guarantee or otherwise support Citigroup’s obligations under the contracts or agreements connected with the Credit Cards (other than those relating to Suncorp Bank internet banking and telephone banking).