At Materials Handling Finance Pty Ltd (MHF), we provide different kinds of equipment finance solutions.
Finance lease – The finance company purchase the asset and rent it to you for an agreed period
Commercial loan - you source and own the asset, and the finance company provides a loan secured against that asset
Hire purchase – The finance company purchases the asset and you buy it from them in installments.
And remember, depending on the type of equipment finance you’re after, monthly payments may be fully tax deductible.
|So which finance option suits you best?|
|Finance Lease||Commercial Loan||Commercial Hire Purchase|
|What is it?||The Finance Company purchases the asset at your request and rent it to you for an agreed period.||You source and own the asset and the Finance Company provides a loan secured by the asset.||The Finance Company purchases the asset at your request and you buy it from them in instalments.|
|Who owns the asset?||The Finance Company does and you rent it from them.||You do and the Finance Company holds it as security.||The Finance Company does until the agreement has been paid when ownership is transferred to you.|
|What is the potential tax benefit1?||The rental payments are generally tax deductible1.||The interest on the finance and depreciation of the asset are generally both tax deductible1.||The interest on the finance and depreciation of the asset are generally both tax deductible1.|
Call us on 1300 884 145 Nationwide or logon to mhf.com.au and lodge a quote request for us to get back to you.
Ian Ogilvie and the team at MHF