From vehicles for commercial business operations to medical and healthcare supplies and technology, our team help business obtain the right tools and equipment to support business operations.
Asset Finance
Whether you are setting up a new business or growing an existing one, it is important to understand how asset finance can help save you time and money.
At Alpha Finance Services, we work with asset finance lenders to cater to the continuous demands of business funding.
From vehicles for commercial business operations to medical and healthcare supplies and technology, our team help business obtain the right tools and equipment to support business operations.
Generally speaking, asset finance options include Chattel Mortgages, Novated Leases and Finance Leases.
Each is suited to different business circumstances, so continue reading for information on these main types of asset finance options.
Chattel Mortgage
Chattel Mortgages are a popular finance solution for many business owners. With a Chattel Mortgage, businesses own the asset from the outset and the loan agreement is secured by the asset.
You can also tailor your loan payments by choosing the term – typically up to five years. You can also structure payments to free up cash flow at the times of year you need it most.
Novated Leases
If you are a business who wishes to include a vehicle into a salary package, a Novated Lease can help. With a Novated Lease, the financer owns the asset, while you and your employer sign a novation agreement to share the responsibilities of the loan.
Typically, loan terms are from 12 months to 5 years and monthly lease payments and a final residual payment are based on your business circumstances and guidelines set by the Australian Taxation Office.
In many cases, this option is great for trade and corporate businesses.
Finance Leases
With a Finance Lease, the financier owns the asset however the client bears the risk of disposal of the asset at the end of the lease.
This type of lease can benefit businesses that need vehicles or equipment without tying up a large amount of capital. You can also choose lease payments in advance and terms up to five years.
Contact Us
Our team will help you search, choose and settle your loan. Chat to one of our loan specialists at a time that suits you.
General Enquiries
(07) 5663 7396