Understanding your finance options
Congratulations! You’ve decided on the new forklift you’d like to purchase and now the available forklift finance options are overwhelming. To help make your new forklift or used forklift purchase a seamless and enjoyable experience, Townsville Equipment’s highly trained and experienced finance brokers are here to help you understand the options available and select a product to help you maximise your new forklift finance purchase and minimise the forklift loan costs.
Allow us to briefly explain the forklift finance options available to our Queensland customers.
Chattel Mortgage
A Chattel Mortgage finance arrangement provides finance to companies and sole business professionals to purchase goods such as cars, forklifts, earthmoving and professional equipment. Unlike a Hire Purchase, the ‘mortgagee’ takes ownership of the goods upon delivery and the ‘lender’ secures the loan by registration over the goods.
Why choose a Chattel Mortgage
A Chattel Mortgage provides:
- Ownership of the equipment for immediate GST claims and depreciation
- 100% finance is also available to approved customers with payments to match seasonal cashflow
- A residual figure is available at the end of the loan to reduce repayments during the term
To help you maximise your tax benefits and to ensure this product is suitable for you, it is important to speak to you accountant. This information is provided as a resource only and not as financial advice.
Lease
A Lease finance arrangement provides finance to companies and sole business professionals to purchase goods such as cars, forklifts, earthmoving and professional equipment. Under the terms of a lease, the ‘lender’ purchases the equipment you require and leases the item back to the ‘lessee.’
A Lease agreement will set out:
a) Residual value of the goods that were leased
b) Term of the lease in months
c) Monthly lease rental cost
d) Lease depreciation rate
Why choose a lease
A Lease provides:
- Ability to return the equipment at the end of the lease to the lender who can sell it in the marketplace
- Option to purchase the equipment at the end of the leasing period
To help you maximise your tax benefits and to ensure this product is suitable for you, it is important to speak to you accountant. This information is provided as a resource only and not as financial advice
TSV Automotive, Townsville Equipment, Tony Ireland Townsville Pty Ltd, Tony Ireland Duckworth St Pty Ltd and Tony Ireland Equipment Pty Ltd arranges insurance as agent of the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708.
We do not provide advice on this insurance based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply.
Before making a decision about insurance please consider the Product Disclosure Statement available from us.
If you buy insurance from us we may receive a commission which is a percentage of the premium. Ask us for more details before we provide our services.
Understanding your finance options
Congratulations! You’ve decided on the new forklift you’d like to purchase and now the available forklift finance options are overwhelming. To help make your new forklift or used forklift purchase a seamless and enjoyable experience, Townsville Equipment’s highly trained and experienced finance brokers are here to help you understand the options available and select a product to help you maximise your new forklift finance purchase and minimise the forklift loan costs.
Allow us to briefly explain the forklift finance options available to our Queensland customers.
Chattel Mortgage
A Chattel Mortgage finance arrangement provides finance to companies and sole business professionals to purchase goods such as cars, forklifts, earthmoving and professional equipment. Unlike a Hire Purchase, the ‘mortgagee’ takes ownership of the goods upon delivery and the ‘lender’ secures the loan by registration over the goods.
Why choose a Chattel Mortgage
A Chattel Mortgage provides:
- Ownership of the equipment for immediate GST claims and depreciation
- 100% finance is also available to approved customers with payments to match seasonal cashflow
- A residual figure is available at the end of the loan to reduce repayments during the term
To help you maximise your tax benefits and to ensure this product is suitable for you, it is important to speak to you accountant. This information is provided as a resource only and not as financial advice.
Lease
A Lease finance arrangement provides finance to companies and sole business professionals to purchase goods such as cars, forklifts, earthmoving and professional equipment. Under the terms of a lease, the ‘lender’ purchases the equipment you require and leases the item back to the ‘lessee.’
A Lease agreement will set out:
a) Residual value of the goods that were leased
b) Term of the lease in months
c) Monthly lease rental cost
d) Lease depreciation rate
Why choose a lease
A Lease provides:
- Ability to return the equipment at the end of the lease to the lender who can sell it in the marketplace
- Option to purchase the equipment at the end of the leasing period
To help you maximise your tax benefits and to ensure this product is suitable for you, it is important to speak to you accountant. This information is provided as a resource only and not as financial advice
TSV Automotive, Townsville Equipment, Tony Ireland Townsville Pty Ltd, Tony Ireland Duckworth St Pty Ltd and Tony Ireland Equipment Pty Ltd arranges insurance as agent of the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708.
We do not provide advice on this insurance based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply.
Before making a decision about insurance please consider the Product Disclosure Statement available from us.
If you buy insurance from us we may receive a commission which is a percentage of the premium. Ask us for more details before we provide our services.
