Vehicle & Equipment Finance

Vehicle and equipment finance for Australian businesses

Cars, utes, trucks, machinery, yellow goods, IT and fit-outs, financed through chattel mortgages and leases, often with no extra security.

Get a free quote Call 0401 132 581

Get the equipment now, pay for it as it earns

The right vehicles and equipment keep your business productive, but paying cash ties up working capital you could use elsewhere. Asset finance spreads the cost over the useful life of the equipment, and in most cases the asset itself is the security, so you don’t need to offer property.

Peak Capital arranges vehicle and equipment finance across banks, non-banks and specialist asset lenders, for new and used assets, from dealers and, in many cases, private sales.

Types of finance

Chattel mortgage

The most common option for businesses. You own the asset from day one, make regular repayments, and the lender holds a mortgage over it. You may be able to claim GST, interest and depreciation.

Lease

You pay to use the asset for an agreed term without owning it, with a fixed monthly payment.

Balloon or residual

Lower your regular repayments by deferring part of the cost to the end of the term.

Assets we finance

Vehicles: cars, utes and vans
Heavy vehicles: trucks, trailers and buses
Agricultural equipment: tractors, cultivators and more
Construction and access equipment: excavators, loaders, forklifts, scissor lifts and other yellow goods
Other equipment: computers, medical equipment, office and shop fit-outs, telecommunications, IT and manufacturing equipment

General guidelines

What lenders need

Goods must be identifiable, ideally with serial numbers
Vendors must be verified
A valuation may be needed for non-verified vendors or private sales

Security that may be taken

Security over the specific equipment, registered on the PPSR
A guarantee and indemnity
A general security agreement, when required

Running a transport business? See freight and logistics finance.

How it works

Talk to us

A free 15-minute call to understand your business, your goals and your current position.

We find the structure

We assess options across 100+ bank, non-bank and private lenders and recommend the best fit.

We manage it to settlement

We prepare the application, negotiate terms and handle the lender until funds are in place.

Common questions

Do I pay for your service?

Yes. There is an engagement fee paid when you select our services, and a success fee paid on successful completion of your loan funding. We explain all fees upfront before you proceed.

Can I finance used equipment or a private sale?

Often, yes. Lenders will want to verify the seller and may need a valuation, but many fund used and privately sold assets.

Do I need property as security?

Usually not. In most cases the vehicle or equipment is the security, registered on the PPSR.

Chattel mortgage or lease: which is better?

It depends on your tax position and whether you want to own the asset. A chattel mortgage gives you ownership from day one, while a lease can suit assets you upgrade regularly. Your accountant can advise on the tax side.

Need a vehicle or equipment?

Book a free 15-minute call. No obligation, no credit check.