Asset Finance
Why Choose Centrum?
Strategic Approach
Most brokers focus on loans with the lowest rates and the fastest approvals.
Our approach combines a strategic approach with a long-term outlook – how will a loan support your business objectives today, next quarter, and in five years?
Client Advocacy
Your business deserves the opportunity to thrive – regardless of poor cash flow, existing liabilities, or low documentation.
Our lending specialists act as your advocates, working to source financing that supports your objectives.
Lender Diversity
A small lending panel can restrict your choice of loans.
We proudly partner with over 40 bank and non-bank lenders, giving you access to a genuinely diverse range of products.
Ongoing Assessments
Your repayments don’t stop after settlement – and neither does our relationship.
We conduct semi-annual portfolio reviews, which can help you access reduced repayments and better features.
Find Your Lending Scenario
Business Equipment Financing
Buy company vehicles, fit out commercial spaces, and acquire IT hardware like on-prem servers with personalised financing packages.
Heavy Machinery Financing
Acquire heavy machinery for sectors like construction, mining, and manufacturing. We’ll work with you to develop a financing solution that matches your strategic priorities and business model.
Agricultural Equipment Financing
Preserve your capital by financing new or used agricultural equipment. Talk to our lending specialists about bad-credit or low-doc loans.
Medical Equipment Financing
Open a new practice or upgrade your existing clinical infrastructure. Ask us about asset financing for general practices, hospitals, and allied health services.
Asset Loan Refinancing
Consolidate different asset finance facilities into a single, lower-interest loan. Refinancing can help reduce your repayments, allowing you to borrow more for other business activities.
Reduce Repayments With Energy-Efficient Equipment
Energy-efficient equipment often costs less to operate – and, with the right lender, can be cheaper to acquire.
To encourage greener investments, some of our lending partners offer discounted finance on clean-energy and energy-efficient assets, including first-tier lenders.
If you’re interested in exploring eligible assets, book a consultation with us.
We can advise exactly which assets are covered by which lenders, model repayment differences, and discuss operational considerations.
Support Acquisitions With Bolstered Cash Flow
Stimulating cash flow often requires the right assets – but, to acquire those assets in the first place, you need cash.
A cash flow loan is a lump-sum payment based on projections of your business’s revenue minus liabilities.
It’s a good way to buy or lease business-critical assets, particularly if your lender won’t accept the asset in question as security.
Find out how much you could borrow by scheduling a consultation with one of our lending specialists.
Asset Finance Options
Access different types of financing with low-doc, no-doc and bad-credit options.
Chattel Mortgage
A chattel mortgage gives you ownership of the asset immediately.
You pay off the loan over its term.
The lender uses the purchased asset as collateral.
Finance Lease
Under a finance lease, the lender buys the asset on your behalf.
You then lease the asset from them through periodic payments.
At the end of the loan’s term, you can either make a residual payment and take ownership of the asset, or take out a finance lease on a new asset.
Hire Purchase
Under a hire purchase, you make a deposit on the asset.
The lender then buys it on your behalf, and you make repayments over the life of the loan.
At the end of the loan’s term, ownership of the asset is transferred to you.
Operating Lease
An operating lease lets you use an asset in exchange for periodic payments.
Unlike other types of asset finance, you – the lessee – never own the asset in question.
Frequently Asked Questions
| Chattel Mortgage | Finance Lease | Hire Purchase | Operating Lease | |
| Deposit Required | No | No | Yes | No |
| Collateral | Purchased asset is used as collateral | None | None | None |
| Asset Owned By | Borrower | Lessor | Vendor | Lessor |
| Typical Structure | Total asset cost amortised over loan term, sometimes with balloon or residual payments | Total asset cost partially amortised over loan term, with optional residual payment | Total asset cost partially amortised over loan term following an initial deposit | Periodic payments made over the life of the agreement |
| Typical Term | 1–7 years | 1–5 years | 1–7 years | Varies |
| Claimable Expenses | GST Fuel input tax credit Interest Asset depreciation | GST Fuel input tax credit Interest | GST Fuel input tax credit Interest Asset depreciation | Interest Lease rentals (that is, payments made) |
| Maintenance and Ancillary Costs | Paid for by borrower | Paid for by lessee | Paid for by hirer | Paid for by lessor |
| At the End of the Term | Asset is wholly owned by borrower | Asset can be purchased by lessee via a residual payment or returned to lessor | Asset is wholly owned by hirer | Lease can be renewed |
A residual payment is a final payment made in finance lease arrangements. It is typically calculated as the final valuation of the leased asset (including depreciation) minus all lease payments already made.
Once a lessee makes a residual payment on a finance lease, they will take ownership of the asset. Most finance lease arrangements also give the lessee the option to not make a residual payment, in which case the lessor retains ownership of the asset.
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We make sure your interest rates and products stay aligned with the most competitive options available in the market, depending on your financial situation.