Understanding Equipment Finance in Australia: A Practical Guide for Business Owners
Last updated: 4 April 2025
When it comes to growing a business, having the right tools and machinery makes all the difference. But buying equipment outright can be a major hit to your cash flow. That’s where equipment finance comes in — a smarter, more flexible way to invest in the assets your business needs without the upfront cost.
In this guide, we’ll break down what equipment finance is, how it works, and why it might be the right move for your business.
What Is Equipment Finance?
Equipment finance is a business loan specifically used to purchase or lease equipment for your company — whether it’s vehicles, tools, machinery, or technology.
There are two common types:
Equipment Loan: You own the asset, and the lender takes security over it until it’s paid off.
Equipment Lease: You rent the asset for a fixed term and return or purchase it at the end.
How Does It Work?
The process is straightforward:
Choose the equipment you want to purchase.
Apply for finance with your broker or lender.
If approved, the lender pays the supplier on your behalf.
You then make fixed repayments over a set term.
At the end of the term, you either own the equipment outright or return it (depending on the finance type).
Looking To Finance Equipment For Your Business?
What Can You Finance?
Equipment finance can be used for a wide range of assets, including:
Commercial vehicles (utes, vans, trucks)
Construction equipment (excavators, skid steers, generators)
Hospitality and café equipment (ovens, grinders, fridges)
Medical or dental machinery
Office technology (printers, servers, POS systems)
If the asset helps you earn revenue, there’s a good chance it’s financeable.
Why Choose Equipment Finance?
Preserve cash flow: Keep capital in the business while still getting the tools you need.
Tax advantages: In many cases, repayments and depreciation are tax-deductible (check with your accountant).
Fast access to assets: Many approvals happen in 24–48 hours.
No large upfront cost: Spread repayments over time to manage your budget.
Is It Right for Your Business?
Equipment finance is ideal if:
You need to upgrade or replace outdated machinery
You want to grow without sacrificing working capital
You’re launching a new location or service line
You’re spending too much maintaining old equipment
If any of the above sound familiar, it may be worth speaking to a broker who can guide you through the process with clarity.
How Casey Asset Finance Can Help
At Casey Asset Finance, we make equipment finance simple, fast, and tailored to your needs. We work with over 40 lenders across Australia to find the most competitive options — even if you’re a newer business or don’t have full financials ready.
If you’re exploring broader options for funding, check out our business loans page to see how else we can help.
You’ll always deal with someone who understands the pressures of running a business — and who genuinely wants to help you thrive, not just tick a box.
Next Steps
If you’re considering equipment finance and want to explore your options, we’re here to help. Answer a few quick questions to receive tailored advice suited to your business needs.
Ready To Explore Your Options?
Answer one quick question - we’ll guide you from there.
