Powerlift Material Handling offers a wide range of finance options to suit all business needs. We understand that every business is different and have designed effective solutions to make your job easier. We are a one-stop-shop for sales, rental, parts, training and finance and aim to provide our customers with the best support available.
Powerlift Material Handling can provide you an obligation free quote on a complete range of financing options for either new or second hand equipment. The most common equipment finance options are as follows:
Commercial Hire Purchase
The Commercial Hire Purchase also known as Asset Purchase, is a contract where the financier gives you possession and use of an item of equipment in return for regular payments. When the final payment is made, the hirer owns the goods.
The Chattel Mortgage, also known as Commercial Loan has gained substantial popularity with small to medium businesses since the implementation of GST. For those businesses registered for GST that are on cash basis accounting you should be able to claim the entire upfront GST on the transaction as an Imputation Taxation Credit (ITC) in the next BAS submission. To ensure eligibility confirmation should be sought from your accountant or financial advisor.
A Finance Lease is a contract where the financier purchases the equipment and leases to you for an agreed term and rental.
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