If lack of funds for new assets is holding back your business growth, Archbold Financial will give you greater flexibility so you can get ahead. Starting a new business, expanding an existing business or replacing existing business assets can be time consuming and frustrating.
We will look at your business and not just get you the best rates and finance structure, but also work out whether you need to buy, lease or hire equipment and the best terms to suit your cash flow and budget.
A chattel mortgage, finance or operating lease, and commercial hire purchase (CHP) are all forms of equipment finance available to businesses in Australia. Each type of equipment finance offers different levels of asset ownership and business tax benefits. For example, there are chattel mortgage GST benefits, and business tax deductions on lease payments.
If you want to compare a chattel mortgage with a lease and commercial hire purchase, the first consideration is what kind of asset or assets you’ll be wanting to acquire for your business. You can finance vehicles, equipment, or machinery for a business through these types of commercial finance, but understanding how they work will help you decide which will benefit you and your business the most.
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