Asset Finance

What Is Asset Finance?

Asset finance helps businesses purchase or access essential equipment, vehicles, machinery, or technology without needing to pay the full amount upfront. Instead, the cost is spread across manageable repayments, helping you preserve cash flow, manage working capital, and keep your business moving forward.

Whether you’re upgrading your fleet, investing in specialist tools, or refinancing existing assets to free up cash, asset finance can provide a flexible and tax-efficient way to fund growth.

Types of Asset Finance

1. Hire Purchase
Hire purchase allows your business to acquire assets straight away while spreading the cost over time. You’ll make fixed monthly payments, and once the agreement ends, you own the asset outright.

2. Finance Lease
With a finance lease, you can use the asset in exchange for monthly rental payments. At the end of the lease, you can either return the asset, extend the lease, or purchase it at market value.

3. Operating Lease
An operating lease lets you use the asset for an agreed period without the risk of ownership. Once the lease finishes, the asset is returned, swapped, or upgraded.

4. Asset Refinance
If you already own valuable equipment or vehicles, you can release cash tied up in those assets through asset refinance. This provides a lump sum injection of working capital while you continue using the asset.

Why Choose Asset Finance?

• Preserve working capital – Keep funds free for other business needs
• Tax efficiency – Potential deductions on interest, repayments, or depreciation
• Access better equipment – Stay competitive with the latest machinery, vehicles, or technology
• Flexible repayment options – Match repayments to your cash flow cycle

How Asset Finance Works with Lendaly

1. Tell us what you need – Share details of your asset requirements in a simple online form
2. Compare your options – We instantly match your application with lenders across Australia
3. Get funded fast – Choose your offer and secure the asset quickly, with minimal paperwork

FAQs about Asset Finance

• What is the difference between hire purchase and finance lease?
  Hire purchase gives you ownership at the end of the agreement, while a finance lease lets you rent the asset with flexible options at the end of term.
• Can I refinance an existing asset?
  Yes. Asset refinance allows you to release equity from assets you already own to free up working capital.
• What assets can be financed?
  Vehicles, trucks, construction machinery, medical equipment, IT systems, office furniture, and more — almost any asset with a resale value.
• How long are typical asset finance terms?
  Usually between 1 and 7 years, depending on the lender, asset type, and your business needs.
• Will applying affect my credit score?
  Lendaly provides personalised matches through soft checks, so your credit score is not affected when comparing offers.

Get Asset Finance with Lendaly

At Lendaly, we make it easy to compare lenders, repayment terms, and finance options — all with one simple application. Whether you’re growing, upgrading, or refinancing, our platform ensures you find the best fit for your business.

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