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Equipment Loans

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What is an equipment loan?

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At CapX Funding, we’re your go-to for equipment loans across Australia. With the marketplace constantly evolving, the right gear can dramatically boost your business’s efficiency, growth, and edge over competitors. We understand the value of the latest machinery, tools, or tech. That’s why we use cutting-edge AI to make the loan application process quick and tailored, ensuring you get the right financing fast. Discover how our equipment loan services can drive your business forward.

Everything about equipment loans

Every business is unique, which is why CapX Funding employs the latest AI to process your documents quickly, compare equipment loans in Australia thoroughly, and match you with the best options. This AI-driven method speeds up the application and increases the chance of finding the perfect loan for your needs.

We provide loans for:

  • Medical Equipment
  • Fitness and Gym Equipment
  • Agriculture Equipment
  • Heavy and Specialised Equipment
  • Restaurant Equipment
  • Manufacturing Equipment
  • Construction Equipment
  • Office Machinery
  • Second-Hand Equipment Financing
  • Competitive Rates: We offer some of Australia's best equipment loan rates through our wide network of lenders.
  • Flexible Terms: Customise your loan to fit your business's cash flow, minimising financial stress.
  • Wide Range of Equipment Financing: Get access to Leasing, Rent to Buy, Commercial Hire Purchase and Chattel Mortgage.
  • Quick Approval: Thanks to our AI, we ensure fast processing and approval, letting you get your equipment without delay.
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More options. More capital.

We got you covered.
Whether new or established, upgrade your business today with the right equipment loan.
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We've made loans make sense.

Three steps to your best loan in New Zealand.

Step 1 — Fill out 5 minute application

Fastest application in New Zealand

We’ve made it 50% faster than standard loan forms. Upload your documents and our AI scans and auto-fills your details. Done before your morning cuppa goes cold.
Step 2 — Instant match to you

40+ NZ lenders compared in seconds

Our AI compares 90+ lenders across New Zealand in seconds and finds your best fit. No bias. No greedy commissions. Just the right loan for your situation.
Step 3 — Compare & choose

Full clarity before you commit

Our AI explains why an option fits and what makes it better for you, without any prompts needed. Get complete transparency on fees, terms, and repayments, then choose with confidence.

What are the benefits of an equipment loan?

Save big on initial costs

Equipment loans save you from big initial costs, helping you keep cash for vital daily operations. This method makes managing money smoother, ensuring you’ve got funds for unexpected costs or new investment chances. Our diverse lender panel allows for many different lender options. Some of these would not require you to put down any deposit and allow you to fund the asset in its entirety.

Stay ahead with the latest tech

With equipment financing, you can always use the newest technology and tools. This edge is essential for better work efficiency and staying ahead of competitors, letting businesses embrace innovations that push growth forward.

Tax advantages

After speaking to your accountant, you might find that equipment financing may potentially make you eligible to deduct interest paid, fees paid and any depreciation incurred as a tax deduction. Additionally, some financing options offer tax benefits, making these investments more financially sound. For example, chattel mortgages let you claim GST on purchase prices right away, providing quick tax relief.

Own the asset, don't just rent

For the best value and investment into your business, it pays to own an asset instead of just rent. However, our loan equipment options are flexible. You can choose to own your equipment outright with a Chattel Mortgage; or enter another type of agreement like Rent to Buy to spread out the cost over time and begin using your new equipment right away, with low commitment.

Mitigate the risks of becoming obsolete

In industries where technology changes rapidly, the risk of equipment becoming obsolete is high. Equipment loans offer a way to navigate this challenge, making it easier to upgrade or replace equipment and thus mitigate the risk of falling behind due to outdated technology.

It covers a broad range of products

Equipment loans don’t just cover tools and heavy machinery but commercial vehicles, farm and agricultural equipment, medical machines, computers, laptops and building tools for renovations. There are financing options available to suit every industry, business, and the equipment in them that’s required.

Benefits of equipment financing by type.

Benefits Commercial hire purchase Chattel mortgage Equipment finance lease Rent to buy
Cash flow management ✓ ✓ ✓ ✓
Access to modern equipment ✓ ✓ ✓ ✓
Flexible repayment options ✓ ✓ ✓ ✕
Avoids large upfront costs ✓ ✓ ✓ ✓
Allows for strategic financial planning ✕ ✓ ✓ ✕
Flexible financing ✕ ✓ ✓ ✓
Broad applicability ✓ ✓ ✓ ✓
Adaptable to credit situations ✓ ✓ ✓ ✓
Quick access to funds ✓ ✓ ✓ ✓
GST and tax benefits ✕ ✓ ✕ ✕

How these equipment finance options work?

Running a business is hard enough – growing it can be that much harder if you do not have the right financing in place. You don’t want to spend hours after your work day looking through financial product information to find what equipment loan suits you. We’re here to simplify this information and help you with that search.

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With a Commercial Hire Purchase (CHP), the financier holds ownership of the equipment during the hire term. However, the equipment transfers to the lessee's ownership once they complete all payments, including any final instalment. This financing option is ideal for businesses aiming to fully own their equipment post-financing. It offers the stability of fixed repayments and lets businesses lower their rental costs with an upfront deposit or trade-in.

A Chattel Mortgage is much like a CHP but stands out for its GST advantages. It enables businesses to claim the GST on the equipment's purchase price in their first Business Activity Statement (BAS) after buying. This financing model is flexible, allowing for loan customization to meet specific financial requirements, similar to the adaptability found in a CHP or finance lease.

An Equipment Finance Lease offers a different approach from a hire purchase. It provides businesses the choice to renew the lease using the current equipment, upgrade to newer technology at the lease's end, or simply exit the agreement. This option suits companies seeking ongoing access to the latest equipment without the hefty upfront cost of ownership.

The Rent to Buy, or Lease-to-Own, arrangement allows a business to rent equipment with an option to purchase at the lease's conclusion. This flexible leasing method lets companies use equipment without initial ownership commitment. It is especially useful for businesses testing equipment before a full investment or those lacking the upfront capital for outright purchase.

How do I know what is right for me?

It’s easier to throw in the towel sometimes when it comes to the search to find the right equipment loan. Don’t disappear down the rabbit hole searching through endless financial product descriptions, interest rate offers and advertisements. The best way to find the right personal loan for you is to compare what is out in the market right now. Compare, Compare, Compare! Comparing your options will get you the best deal for your circumstances. You can also consider the below to give you a headstart when you start your search.

Find a Low Interest Rate.

Interest rates play a crucial role, as they determine how much extra you’re paying back each year on your loan. When eyeing a business loan, don’t rush. Skipping the homework and picking the first option instead of properly comparing equipment loan interest rates can end up costly.
Why not simplify the process with LoanOptions? Our platform allows you to compare and discover the best low interest equipment loans for your situation on your own. No fuss, no muss, just more options tailored for you.

More Return (ROI).

For any business, equipment can be a significant financial burden. Yet, with the right equipment financing strategy, your business isn’t just burdened—it’s primed for growth and higher returns.

Expenditures on equipment, marketing, or other growth avenues can bring in extra revenue, covering any interest expenses and paving the way for quicker expansion, especially when cash flow is tight. Nowadays, there are numerous financing paths to choose from, such as overdrafts, lines of credit, working capital loans, and invoice financing. With all these options, it’s easier to make the most of your investment. 

We assist you in finding the right loan options that give you the most ROI from the money you put into your loan, with the lowest risk. Ready to explore your options? 

Secret fees

The devil is in the details and it can be a real pain as a borrower if you do not read the fine print properly or if not all associated fees are brought to your attention.

More options. More you.

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