Plant and equipment finance

From heavy equipment financing to smaller office items and technology, our team will help you find a finance solution for your business.

Gauge Finance can arrange finance for vehicle, equipment and asset finance and leases. We can assist you to finance your plant and equipment upgrades with a range of loan options that can be easily designed to suit your cash flow.

Whether your business is large or small, whatever your industry, our equipment finance team can help with all types of operating leases and equipment rental.

Because we take the time to listen and understand your business and asset strategy, we can structure the deal according to your objectives. This gives you the flexibility to grow without excessive strain on the lifeblood of your business – your cash flow.

Asset lease

An asset lease enables you to have the use of your business equipment and the benefits of ownership while a lender retains actual ownership of the equipment. The lender purchases the equipment on your behalf and you then pay the lender a fixed monthly lease rental for the term of the lease.

At the end of the lease you have the option to either:

  • pay a residual on the lease and take ownership of the equipment,
  • sell the equipment, or
  • re-finance the residual and continue the lease.

Chattel mortgage

Chattel mortgage is an ideal way for individual business customers to maximise the taxation benefits gained from financing new plant and equipment. It is designed for those sole traders and partnerships who account for their business operations on a cash basis and can be used for purchasing new equipment or upgrading existing equipment.

Hire purchase

Commercial hire purchase agreements are typically used by individual business customers who wish to place a deposit into their finance contract or nominate the value of the balloon (final instalment) on their contract. This type of contract offers maximum flexibility to set the monthly repayment amount to suit individual circumstances.

Equipment hire

Whether you need to increase production capacity or update old equipment there comes a time in every business when an investment in plant and equipment is a must. The question is how to manage the purchase of expensive business equipment without tying up precious cash resources. Equipment hire could be a great solution!

When using Equipment Hire as a finance option, the financier buyers the equipment on behalf of the business and rents it to the business for fixed payments over a fixed period. The business then simply makes these fixed monthly payments. At the end of the contract the business can opt to:

  • hand the equipment back with no more to pay
  • continue the rental agreement
  • buy the equipment outright at market value

There are many benefits to renting or leasing your plant and equipment including:

  • Fixed monthly costs help you budget and manage your cash flow
  • Payments are tax deductible
  • Leased equipment does not appear on your statement of financial position (balance sheet)
  • Contract terms are negotiable so we can arrange a deal that meets your financial needs

Whatever industry you are in and regardless of whether your business is large or small our equipment finance team can help with all types of operating leases and equipment hire.

We take the time to understand your business and asset strategy so we can structure finance according to your objectives. This gives you the flexibility to grow without excessive strain on the lifeblood of your business – your cash flow

Gauge Finance can also assist with finding the right vehicle finance as well as offering fleet discounts on the purchase price and running costs.