So you are looking to purchase a new piece of machinery? Whether it be for personal or commercial use MFIA Group can help you finance this new purchase.

When looking at a new purchase you have two options. 1. Purchase the Goods Outright and 2. Borrow Money to purchase the Goods

Purchasing the Goods -

If you are in a strong financial position at present you may be able to afford to purchase the goods outright for cash. This can be good as it may mean you get the goods at a reduced price it also may have some tax benefits for you in doing it this way which your accountant can fill you in on.

But what would happen if there was a problem in the future. For instance your main client was slow in payment, or you had machinery that broke down that needed fixing, or perhaps you have the chance to expand your business through new contracts. All of these things have one thing in common, they all require cash, and cashflow to overcome or take advantage of. If you have used your cash to purchase a new asset you may not have this cash available, and as such miss out on these opportunities or put undue pressure on your business through this decision.

Borrow -

So you could borrow the money to purchase these goods. Well this is where we can come in handy. As an Equipment Finance broker we have a range of lenders that we can look at for you, and help design a machinery finance package that will suit your needs.

We offer a range of Finance packages including

• Rental/Operating Lease
• Finance Lease
• Hire Purchase
• Lease in Escrow
• Chattel Mortgage
• Novated Lease

Any of which may suit your needs, working in conjunction with ourselves and your accountant we can help you choose the best option and design a package that will suit you.

So why do this?

• Help improve your cashflow
• have set expenses for the next 2-5 years to help with budgets
• depending on the type of loan you may be able to claim depreciation and other tax benefits

So why use us?

• Large Panel of Lenders
• we offer a personal service and get to know your business so we can best portray it to the lenders
• market leading rates
• no deposit finance available
• we secure against the equipment not against property (in most instances)
• Low Doc or No Doc Loans are available
• We can offer our own in house finance. As such we may be able to do things others cant, at competitive rates

Need further information?

If you have more questions please feel free to give one of our experienced staff a call today on 1300 00 MFIA or apply now