80+ lenders, one application
We compare commercial and asset lenders in one go to match your equipment to the sharpest available rate.
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Business equipment finance. Get to work.
Get equipped for your next opportunity. Your broker explores our 80+ lender panel for suitable equipment finance, with costs and cashflow considered together.
- New and used business equipment
- A range of industries and assets
- Finance matched to your cashflow
What have you got planned?
Let’s help you fund it.
If it helps your business produce, we can usually finance it. We arrange finance for:
Excavators, loaders and earthmoving plant
Manufacturing and processing machinery
Trade tools and workshop equipment
Hospitality fitouts and coffee machines
Medical, dental and salon equipment
IT, POS and office technology
Agricultural and farm machinery
Solar, refrigeration and HVAC systems
Example brands and equipment
These equipment examples are not a restricted list. A lender will usually place more weight on the chosen asset's age, condition, specification and intended work than its badge.
- Caterpillar
- Komatsu
- Hitachi
- Kubota
- Bobcat
- John Deere
- JCB
- Volvo Construction Equipment
- Toyota Material Handling
What you can buy or refinance
The way this equipment is being purchased affects the lender's valuation, available term and security checks.
- earthmoving plant
- trade equipment
- workshop machinery
- warehouse equipment
- medical devices
- hospitality equipment
- new assets
- used assets
- private sales
Documents that explain the purchase
These records connect the equipment, its total cost and intended work with the business's ability to make the repayments.
- supplier quote
- serial details
- service history
- bank statements
- BAS
- management accounts
- contracts
- purchase orders
Have something in mind? Let’s talk finance.
Get my free quoteEquipment finance.
More options. Less legwork.
From excavators to espresso machines, the right equipment makes work easier, faster and more profitable. X Lend is a finance broker: we take one application and compare it across 80+ banks and nonbank lenders so you can fund the gear that grows the business and claim it at tax time.
Tax effective structures
Compare chattel mortgage, hire purchase and rental for the equipment purchase, then confirm the GST and depreciation treatment with your accountant.
Low doc to $500K
Established businesses can often finance significant gear without full financials.
Why choose X Lend for equipment finance?
We arrange finance for new and used equipment, dealer or private sale, and structure it as a chattel mortgage, hire purchase or rental to suit your cashflow and accountant's advice. That keeps your working capital free for wages, stock and the day to day.
Because we shop the whole panel, established ABNs can often access low doc approvals without full financials, and specialised or used gear that a single bank might decline can still find a home. We keep it plain English and only submit once you're ready.
New, used and private sales
We arrange finance for new and used equipment purchased through dealers and private sellers.
Protect cashflow
Spread the cost across the asset's working life and preserve cash for daily operations.
Fast settlement
Many equipment deals settle in 48 to 72 hours so the gear gets earning sooner.
Established businesses don't always need a full financial pack: low doc approvals of up to $500K are often available on trading history alone, and many equipment deals settle within 48 to 72 hours once documents are in.
Work out your repayments.
Then find your finance.
Try an amount and term for your equipment finance. When you’re ready, we’ll compare the options available to you.
Equipment finance repayment calculator
Adjust the amount, term and rate to see an indicative repayment.
Estimate only. Calculations include an assumed $990 broker origination fee and $500 lender fee, both financed. Total repayable includes those fees, interest and any final balloon. Weekly and fortnightly figures are equivalents of the monthly estimate. Actual fees and repayment timing depend on your offer.
What rate could I get?
Your quote takes your circumstances and finance requirements into account. Compare your rate, fees and repayments together before choosing an offer.
Find my optionsA real customer.
A plan made possible.
The business was moving into a larger location and needed a complete equipment package without using all available savings. The director also had an older paid telecommunications default.
General business equipment finance · Parramatta, NSWA complete used gym package funded before the new venue opened
Approved on the first lender enquiry and settled at a historical rate of 12.25%, with the complete package installed before the new gym opened.
- 5 business days turnaround
- Finance arranged by X Lend
Historical customer outcome. Vehicle and business images are illustrative.
Find out what’s possible for you.
Get my free quoteYour circumstances.
Your finance options.
Every lender weighs things a little differently, that's the point of comparing 80+ of them, but most look at the same fundamentals.
What do I need to qualify for equipment finance?
- ABN age and GST registration, many lenders prefer an ABN that's been active for a while, though some will back newer businesses
- Time trading and the consistency of income through your business bank account
- The asset itself, type, condition and how old it will be at the end of the term
- Credit history of the business and its directors, including any past defaults
- Deposit or property backing, which can strengthen larger or borderline applications
- Your existing finance commitments and how much exposure you already carry
Who can equipment finance help?
- Trades and construction businesses upgrading excavators, plant and workshop gear
- Manufacturers and processors replacing or expanding production machinery
- Hospitality, medical and salon operators funding fitouts and specialist equipment
- Established ABNs who want a low doc approval without pulling together full financials
- Businesses buying used, auction or private sale gear that a single bank might decline
When should I consider another option?
- Equipment for personal or hobby use, commercial equipment finance is for assets that work in the business
- Working capital with no asset attached, an unsecured business loan or line of credit usually fits that better
- Buyers who haven't settled on the gear yet, though we can arrange a pre approval so you can shop with confidence
ABN too new for that lender's policy
Some lenders want years of trading behind an ABN; others will weight industry experience, contracts in hand or a deposit instead. We move the application to a lender whose policy fits your actual story.
Asset too old at the end of the term
Each lender caps how old gear can be when the term finishes. A shorter term, a lender with a more flexible age policy or a slightly newer replacement asset usually solves it.
Paper defaults from a busy year
A small telco or trade default from a flat out period doesn't have to sink the deal. Some lenders will look past explained paper defaults, especially with clean recent conduct.
Cash heavy trading that's hard to evidence
If your bank statements don't show the full picture, we look at lenders that accept accountant prepared figures or take a low doc view of an established ABN.
Overexposure to one lender
If your current bank already holds most of your finance, it may simply be full on your business. We place the new equipment with a different lender on the panel.
What do lenders look at for equipment finance?
A lender wants to know what the equipment is, what it will do for the business, how long it should remain useful and whether the repayments are affordable. The details below explain the usual checks and what can help support the application.
From enquiry to settlement.
We’re with you all the way.
Your broker handles the lender comparison and paperwork for equipment finance, keeping you informed at each step.
- 01
Tell us your plans
Tell us what you want to finance, how much you need and when you need it. That could include excavators, loaders and earthmoving plant.
- 02
We do the lender research
We help organise driver licence for each director or applicant and ABN and GST registration details and check ABN age and GST registration, many lenders prefer an ABN that's been active for a while, though some will back newer businesses to find lenders that fit your situation.
- 03
Choose your finance
We explain chattel mortgage and finance lease, including the full cost and how repayments fit your budget. You choose the option to take forward.
- 04
We organise settlement
Your broker coordinates lender conditions, signed documents and payment details, so you can focus on what comes next.
Start with your free quote.
Your broker reviews your enquiry and explains the next steps, usually within one business day. An enquiry does not create a credit check or an obligation to proceed.
Find the finance that fits.
Know what you’re choosing.
There's no single right way to fund equipment, the structure should follow your cashflow, your tax position and how long you'll keep the gear. These are the options we compare for you.
Chattel mortgage
You own the equipment from day one and the lender takes security over it. It's the most common structure for businesses that want to claim GST on the purchase and depreciate the asset, your accountant can confirm what applies to you.
Finance lease
The lender owns the gear and you lease it for a fixed term, usually with options to buy, extend or return at the end. Suits businesses that prefer predictable payments and regular equipment upgrades.
Rent to own and hire purchase
You make payments toward eventual ownership, with the asset transferring once the final payment is made. Handy where lender policy or your accounting treatment makes outright ownership less attractive up front.
Balloon and residual payments
A lump sum left to the end of the term lowers the monthly repayment while the gear is out earning. Balloon sizes vary by lender and asset, and we'll model the tradeoff before you commit.
Low doc vs full doc
Low-document approvals can use trading history and asset strength. Full-document applications use completed financial information and can provide access to sharper rates or larger amounts. We explain which pathway fits the available evidence.
Terms, deposits and asset age
Terms typically run one to seven years depending on the lender and the asset's working life. Many lenders fund gear with no deposit; older or specialised equipment sometimes needs a deposit or a shorter term to fit policy.
Hire or buy equipment: which fits the work?
Swipe across the table to compare all columns.
| Your situation | Option to consider | What to compare |
|---|---|---|
| A short project or uncertain workload | Hire for the project | Hire charges, delivery, minimum periods and availability against owning a machine between jobs. |
| Regular work for the same machine | Ownership with cash or finance | Repayments, deposit, maintenance, insurance, transport, downtime and likely resale value. |
| Regular work with occasional specialist jobs | Own the core machine; hire specialist equipment | The utilisation of each machine separately, including attachments and seasonal demand. |
Repayments continue between jobs. Hiring may preserve flexibility, while ownership brings maintenance and resale responsibilities. Compare written quotes using the same workload and period.
Machine make, parts and resale: what changes the assessment?
Swipe across the table to compare all columns.
| Check | Evidence to gather | Why it matters |
|---|---|---|
| Make and model | Exact model, serial number, year, hours and attachment details | Lets the broker ask about the actual machine instead of relying on a blanket brand rule. |
| Parts and service support | Local service options, parts lead times, warranty and maintenance history | Helps estimate downtime and the cash needed to keep the machine working. |
| Condition and resale | Independent inspection and comparable equipment listings or a valuation | Purchase price, condition and assessed value can differ. A lender may require more evidence or a contribution. |
| Auction or private sale | Seller identity, invoice, ownership and any finance payout details | Resolve lender acceptance and payment deadlines before making an unconditional commitment. |
Asset age and finance terms · Buying equipment at auction · PPSR and settlement checks
Balloon or no balloon: compare the whole repayment plan
Swipe across the table to compare all columns.
| Option | During the loan | At the end |
|---|---|---|
| No balloon | Higher regular repayments than the same loan with a balloon; the balance reduces faster | The scheduled loan balance is repaid when all payments have been made. |
| A balloon payment | Lower regular repayments, but interest is charged on a larger outstanding balance | A lump sum remains due. Budget for it rather than assuming resale or refinancing will cover it. |
| A shorter term | Higher regular repayments may reduce total interest on otherwise equal terms | Check affordability alongside the total amount repaid, fees and any payout costs. |
Use the calculator to compare the same amount, rate and term with and without a balloon. Refinancing requires a new assessment and is not guaranteed.
The best equipment decision considers the repayment, ownership, balloon or residual exposure, documentation, settlement timing and useful life of the asset.
Asset age at the end of the term
Lenders often assess the equipment's current age and expected age when the facility finishes. Older or specialised equipment may require a shorter term or additional evidence.
Income the asset is expected to produce
A replacement asset with an established workload is usually easier to explain than equipment bought for a new and untested service line.
Deposit, trade-in and residual
These can reduce scheduled repayments, but they change the amount of equity and the obligation left at the end of the term.
Documents and timing
Identity and purchase documents are always needed. Financial statements, bank statements, BAS or an accountant letter may also be requested depending on the pathway.
Comparison of common business asset finance structures
| Structure | How it generally works | Important consideration |
|---|---|---|
| Chattel mortgage | The business owns the asset while the lender takes security over it. | Tax and GST treatment depends on the business; obtain accounting advice. |
| Finance lease | The lender owns the asset and the business pays to use it for the agreed term. | End-of-term options, residual value and total cost should be checked. |
| Rental or operating lease | The business pays for use and may receive bundled service options while the provider retains ownership. | Flexibility can be useful, and the complete cost and return conditions still matter. |
Define what the equipment must achieve
Start with the operational problem rather than the maximum amount available. A replacement purchase may be intended to reduce downtime, repair costs or subcontracting. An expansion purchase may add capacity, a new service or a second shift. Writing down the job, expected utilisation and timing makes it easier to judge whether the proposed asset and finance term are proportionate.
Separate confirmed benefits from forecasts. Existing utilisation records, service invoices, contracts, purchase orders or production bottlenecks can support the explanation. Forecast revenue can still be useful, but it should identify its assumptions and allow for ramp-up time. A lender decides what evidence it accepts; the purpose of preparing the information is to make the application accurate and internally consistent.
Build the complete acquisition budget
The supplier price may not be the complete project cost. Freight, installation, commissioning, software, attachments, operator training, electrical work and initial servicing can each be treated differently by a lender. An itemised quote lets the broker identify which costs can form part of the secured asset facility and which may need cash, working capital or a separate solution.
Allow for GST timing, deposits and trade-ins without assuming a particular tax outcome. A deposit can reduce debt, while a trade-in may also require a current payout and a clear discharge process. GST credits, depreciation and deductions depend on the business and structure, so the finance comparison should be taken to the accountant before relying on a tax benefit.
Compare the exit as carefully as the entry
A longer term or balloon can reduce scheduled repayments, but it can also leave debt outstanding after the equipment has become unreliable, obsolete or surplus. Compare the proposed end-of-term balance with the asset's expected working life, likely resale market and the business's replacement cycle. Specialist or custom-built equipment deserves extra caution because its value may depend on a narrow group of buyers.
Ask how early payout, extra repayments, refinancing and release of security work under the proposed facility. If the business expects to replace the asset early, the payout method and remaining balance can matter more than a small difference in the starting rate. The chosen lender's contract and final offer govern these details.
Why the asset's age and condition matter
Hour meters, cycle counts, kilometres, service history and operating conditions explain how much productive life remains in used equipment. In practical terms, this can change the deposit required, how long the loan can run and which lenders will consider the asset.
Major maintenance and replacement spending covers replacement and major maintenance that pthe amount held back until the customer pays operating capacity; spending that adds new capacity adds new capacity. These costs need to fit beside the repayments. The loan should also finish within the period the asset is expected to remain useful to the business.
How contracts and supplier payment dates can help
The application should connect the equipment to current how much the asset will be used, replacement needs, cost savings or new contracted capacity. Contracts, purchase orders and confirmed work can help show how the asset is expected to earn money and when customers are expected to pay.
If the equipment supplier needs a deposit, progress payments and a final payment, list each date and amount. This lets the lender reconcile the full purchase cost and arrange the payment stages correctly.
What should I have ready before applying?
- Is the asset new, used, dealer-supplied or a private sale?
- Will it replace existing equipment or create a new revenue stream?
- What term remains sensible given the asset's expected useful life?
- Are the latest business records ready if a streamlined pathway is unavailable?
How we can help.
Illustrative examples of how we approach equipment finance.
A newer business purchasing equipment
The business has a shorter ABN history and confirmed work that requires the equipment.
How your broker helps
We identify lenders that can assess recent account history, industry experience and contracted work, then present the purchase as one complete operating proposal.
What to have ready
Business bank statements, GST registration, signed work agreements, the supplier quote and evidence of the operator's experience.
Used equipment with age or usage
The chosen asset has material age, hours or kilometres and remains suitable for the work ahead.
How your broker helps
We document condition, service history, specification and resale support, then compare lenders whose end-of-term age policy fits the proposed term.
What to have ready
Service records, inspection details, serial or VIN information, photographs, the invoice and a clear explanation of expected annual use.
Growth purchase with incomplete financial statements
Current work supports the purchase while the latest full-year accounts are still being prepared.
How your broker helps
We list the documents already available, current debts and expected payment timing, then compare lenders that accept that evidence.
What to have ready
Recent bank statements, BAS, management accounts, an accountant letter, contracts, purchase orders and a schedule of existing finance.
A word from your broker.
From the broker desk, the most useful first step is an itemised quote and a plain explanation of what the equipment will change in the business. We can then compare lenders that accept the asset, its age and the available documents before the customer authorises one submission.
Let’s compare your options.
Get my free quoteKeep your business moving.
Keep cash for what’s next.
See how arranging finance compares with waiting or paying the full cost upfront.
With equipment finance
Put the piece of equipment needed for suitable work into service without waiting to fund the full cost from cash.
Preserve working capital for wages, materials and tax while arranging the piece of equipment.
Replace an unreliable or unsuitable piece of equipment before downtime and repair costs increase.
The cost of waiting.
Suitable contracts may be missed when the required piece of equipment is not available.
An older piece of equipment can keep creating downtime or repair costs while its replacement is delayed.
Buying the piece of equipment outright can reduce the cash buffer available for payroll, materials and unexpected costs.
Good finance.
Even better support.
Google reviews
Read reviews on Google Review on Google
Corey was excellent to deal with. He was able to get me a better rate than everyone else, he was very responsive, worked quickly and made the process very easy, even with me asking a million questions. I would definitely use him again next time.
Review on Google
I can’t recommend Corey from X Lend highly enough. From the very first conversation, he was professional, transparent, and genuinely focused on finding the best outcome for me. Corey took the time to explain every step of the finance process in a way that was easy to understand, answered all my questions promptly, and never once made me feel rushed or pressured. I really appreciated how proactive he was, keeping me updated, following up with lenders, and making sure everything stayed on track. What really stood out was how hard he worked to secure a great deal. He compared multiple lenders, negotiated on my behalf, and ultimately achieved a rate and repayment structure that exceeded my expectations. The whole process of purchasing my car was smooth and stress‑free thanks to their expertise. If you’re looking for someone knowledgeable, reliable, and genuinely in your corner, I wouldn’t hesitate to recommend them. I’ll definitely be using their services again in the future :)
Review on Google
Corey helped me through the entire process of getting my dream family car! He was extremely prompt with his responses and had everything organised quickly and smoothly. I made a huge mistake by settling finance on the wrong car (a 5‑seater instead of a 7‑seater), but Corey was incredibly understanding and supportive. He contacted the dealership, lender, and even rearranged my insurance for me. He did all of this without ever making me feel like a hassle, even though I knew I was being a pain! Despite the setback, Corey stayed fast and efficient, kept me confident throughout the process, and managed to get everything cancelled and re‑approved for a higher amount so I could get my actual dream car. I highly recommend Corey. He speaks to you like a friend and genuinely has your best interests at heart. I already had quotes from Toyota Finance and Toyota Insurance, and Corey was able to get both significantly cheaper. Toyota Finance even reviewed Corey’s figures and confirmed they couldn’t beat them. I will never look to another finance company again.
Let us help with
equipment finance.
Your equipment finance questions.
Answered.
The details you want to know before taking the next step.
Are you a lender or a broker?
We're a finance broker: we compare 80+ banks and nonbank lenders and place your equipment finance with the best fit.
Can I finance used or second hand equipment?
Yes. Many of our lenders fund used and private sale equipment. We verify the gear and structure the deal so it settles cleanly.
Can I get finance without full financials?
Often, yes. Established ABNs can frequently access low doc options up to set limits. We match you to lenders comfortable with your trading history.
Is equipment finance tax effective?
It can be. Depending on the structure, you may be able to claim depreciation and the GST on the purchase. We'll explain the options so you can confirm the detail with your accountant.
How fast can it settle?
Many equipment deals get a same day decision and settle within 48 to 72 hours once documents are in.
How old can the equipment be?
It depends on the lender and asset class. Most lenders assess the purchase age and expected age at the end of the term, so a shorter term can bring older equipment inside policy. Well-maintained older equipment can suit lenders with a compatible age policy.
Can I buy equipment at auction with finance?
Yes, many lenders fund auction purchases. The key is timing, auction houses want prompt settlement, so it pays to arrange a pre approval before you bid. We'll line the finance up so you can bid with confidence.
Can the GST on the purchase be financed?
Typically, yes, most lenders will finance the full purchase price including GST. Depending on your structure and registration, you may then be able to claim the GST back on your next BAS, and some businesses use that to pay down the loan. Your accountant can confirm what applies to you.
Can delivery, installation and attachments be included in the loan?
Often, yes. Where attachments, delivery and installation appear on the supplier invoice, many lenders will wrap them into the equipment loan so the whole working setup is funded in one facility.
What brands, models or purposes can equipment finance cover?
Common examples include Caterpillar, Komatsu, Hitachi, Kubota, Bobcat, John Deere. This is not a restricted list: the lender will still look at the exact item or purpose, the amount requested and your circumstances.
What documents can support equipment finance?
A lender may ask for supplier quote, serial details, service history, bank statements, BAS, management accounts. You may not need everything on that list. X Lend confirms what applies before anything is submitted.
How does X Lend work through a complex equipment finance application?
For equipment finance, we first confirm the transaction, timing and available evidence. We then explain the issues that matter, compare lenders whose rules fit those facts and show the proposed option before any application is submitted.
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Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026