Asset Finance in Burwood, NSW: Smart Equipment and Vehicle Funding

Burwood businesses need the right gear to stay competitive. Buying everything outright? That kills your cash flow pretty quickly. Asset finance in Burwood, NSW makes way more sense for most businesses. You spread the cost over time instead of dropping huge amounts upfront. We’ve helped Burwood businesses sort their equipment finance for over 20 years now. Our team knows which lenders work with different equipment types and business setups.

Why Burwood Businesses Finance Their Assets

Burwood sits right in Sydney’s commercial sweet spot. You’ve got tradies who need utes and tools. Restaurants want new kitchen equipment. Medical practices are chasing the latest tech. Retail shops need fit-outs and systems. Buying all this stuff outright just isn’t doable for most businesses.

Getting asset finance in Burwood, NSW, means you acquire what you need without draining your cash. Your working capital stays there for wages, stock, and those unexpected costs that pop up. The repayments come from what your new equipment earns you. Plus, the tax benefits cut down the real cost heaps.

Here’s what makes Burwood businesses choose finance over buying outright:

• Your cash flow stays healthy for running the business day to day
• You get better equipment than you could afford to buy
• Tax deductions on repayments and depreciation reduce your bill
• You can upgrade tech regularly without huge capital hits
• Fixed repayments make budgeting way easier to manage

We work with Burwood businesses right across every industry you can think of. Small startups through to established companies all use asset finance successfully.

Different Finance Options for Burwood Businesses

Asset finance isn’t just one thing, like some people reckon. Different structures suit different situations, and your choice changes your tax position. We help Burwood businesses pick what fits their specific needs properly.

Chattel Mortgage Options

Chattel mortgages work well when you’re buying vehicles or equipment you’ll own eventually. You borrow the purchase price, and the lender takes security over your asset. You own it from day one, but they hold the interest until you finish paying. This gives you the best tax benefits because you claim GST upfront plus depreciation.

Burwood tradies use chattel mortgages heaps for work vehicles and tools. The tax deductions offset a fair chunk of what you’re paying. You can stick a balloon payment on the end to drop your monthly costs, too.

Finance Lease Structures

Finance leases suit businesses wanting to use equipment without ownership dramas. The lender owns it, and you rent it for a set term. At the end, you can buy it, keep leasing, or hand it back. This works brilliantly for tech that gets outdated fast.

Medical practices around Burwood often lease diagnostic gear this way. Healthcare tech moves so fast, and leasing means you upgrade easily. Restaurants lease kitchen equipment for the same reasons, basically.

Hire Purchase Agreements

Hire purchase sits somewhere between chattel mortgages and leases. You don’t own the asset until that final payment goes through. The lender holds title as security the whole time. Once you make that last payment, ownership shifts to you completely.

This works for Burwood businesses buying machinery or vehicles they’ll keep long term. The structure is pretty straightforward, and the tax treatment is clear-cut.

What Equipment Can You Finance in Burwood

Pretty much any business equipment can get financed if it holds value. Lenders want security so the asset needs to be something they could sell. Common stuff Burwood businesses finance includes vehicles, machinery, office equipment, and technology.

Work vehicles from utes through to trucks can be financed easily with our lender panel. Kitchen equipment for Burwood’s busy food scene gets approved quickly. Medical and dental equipment suits finance perfectly because it’s pricey but essential. Office fit-outs and furniture help businesses create proper workspaces. Manufacturing machinery keeps production businesses competitive in their markets.

We also arrange finance for less common assets when they make business sense. Got something unusual you need to buy? We’ll hunt down a lender who gets it.

Tax Side of Asset Finance

The tax angle matters way more than most business owners realise at first. Getting this right saves you thousands over your loan term. Different finance structures create different tax outcomes, so proper advice matters here.

Chattel mortgages let you claim GST upfront through your BAS each quarter. You also claim depreciation yearly based on the asset’s effective life. Interest charges are fully deductible as well. Finance leases work differently because, technically, the lender owns it. Your lease payments are fully deductible as operating expenses instead.

Instant asset write-off schemes come and go depending on government policy. When they’re running, you might write off the full cost immediately for eligible assets. We stay current on these schemes and tell Burwood businesses what they qualify for.

Chat with your accountant about your specific situation before you decide anything. We work with your accountant to structure finance, delivering the best outcome.

Getting Asset Finance in Burwood, NSW Sorted

Securing asset finance in Burwood, NSW, through us is pretty straightforward. We’ve refined everything over 20 years to remove the usual headaches. You won’t spend days chasing lenders or doing endless forms.

This is how it goes:

1. Tell us what equipment you need, and we’ll chat about your business
2. We compare options across our 30+ lender panel and recommend the best
3. We handle application paperwork and talk to lenders throughout
4. Approval comes through, and we coordinate settlement with your supplier
5. You get your equipment and start using it to grow

Most Burwood businesses get approved within days for standard equipment. Bigger or unusual assets might take longer, but we’ll keep you posted. Our banking background means we set applications up right from the start.

We help with related business finance stuff, too. Need working capital alongside your equipment buy? Looking at commercial property for your Burwood business? Thinking about your SMSF for business property? We handle all that.

Why Choose Us for Asset Finance in Burwood, NSW

We’re not some online form spitting out generic options at you. We’ve built real relationships with lenders over two decades. This gets Burwood businesses better rates and quicker approvals than going alone.

What makes us different from other brokers:

• 20+ years funding Sydney businesses across every sector
• Award-winning service that industry peers recognise
• Access to specialist lenders others don’t use
• Clear advice on tax structures and your options
• Ongoing support for future equipment you need

Your business will need more gear as you grow over time. We stay connected and help with each purchase you make. Heaps of Burwood businesses come back to us year after year because we make it simple.

We’ve settled over $1 billion in loans by delivering results that work. Most of our business comes from referrals which says plenty.

Get Your Equipment Finance Moving

Ready to secure asset finance in Burwood NSW for equipment your business needs? The right finance structure keeps your cash flow healthy while you get tools to grow. One vehicle or a full equipment upgrade, we find your best solution.

Ring us on 0481 764 540 or get in touch here for a chat with no strings attached. Let’s discuss what you’re looking to finance and work out the smartest structure. With Daoud Finance you get experienced brokers who’ve funded thousands of business assets across Sydney. Call now to get your Burwood asset finance moving.