Asset Finance

Who we are

We are a boutique Mortgage and Finance Broking business in Adelaide’s North-Eastern suburbs. We are not owned by banks or lenders which means we can help you pick from a wide range of financial products that will suit your client’s needs and objectives.

What we do

We offer a personalised service that focuses on giving your clients quality credit advice. We can help with loans for nearly any purpose including purchasing residential or commercial property, business finance, cars or asset and equipment finance.

How we do it

We take the time to fully determine your client’s situation, develop a comprehensive plan with your client’s needs and objectives in mind and then offer the best finance products to suit.

How you can benefit from using our services by referring your customers.

  • Close More Sales
  • Get Repeat Business
  • Retain Your Customers
  • Get Paid Sooner

Benefits for your clients:

  • Tax advantages – 100% tax deductible expense with an Operating Lease/Rental.
  • Conserve Business Cash:
    • Poor cash flow is the primary reason for business failure.
    • No large up-front costs with leasing.
  • Affordable, flexible monthly payments.
  • Avoid obsolescence. Replace or upgrade equipment at term end or as you need to.
  • Asset not recorded on the Balance Sheet (Operating Lease only).

If you want to close more deals we’d be happy to show you how.
There’s no cost or obligation on your part!

Interested so far?

We have found that the most successful suppliers always offer an option to finance the cost of a sale with every quotation to their clients. This enables them to:

  • Avoid price negotiations
  • Increase your customer’s buying power.
  • Include peripheral equipment for only a few $$ difference to
    the monthly payment.

LoanPlanners works with many equipment suppliers and has been helping them for over 15 years to increase their sales and get repeat business – all at no cost to you, the supplier!

Asset Finance Product Overview

PRODUCTCommercial Hire Purchase (CHP) & Chattel MortgageFinance LeaseOperating Lease/Rental
Tax Treatment of RepaymentsBusiness use. The interest component only is deductible plus ATO allowable DepreciationBusiness use. Instalments are 100% DeductibleBusiness use. Instalments are 100% Deductible
Residual RiskAn agreed residual value is owed at the end of contract term. This can be nil.An agreed residual value is owed at the end of contract term.None
OwnershipLessee
Ownership at commencement of term. Contract finalised on receipt of all payments & any residual value.
Lessee
Ownership is guaranteed on payment of any residual value.
Lessor
Equipment is generally returned, upgraded or re-rented at the end of the term.
Accounting Treatment & Depreciation BenefitNoted on the balance sheet as capital expenditure.
Depreciation – Lessee
Noted on the balance sheet as capital expenditure.
Depreciation – Lessee
Instalments are an operating expense. No balance sheet liability.
Depreciation – Lessor
GST TreatmentChattel Mortgage – GST is included in the amount financed. No GST is added to the monthly instalment. Lessee can claim 100% of GST with next BAS Return. CHP – GST is payable on term charges.The GST is not financed & is added to the monthly instalment. GST is then claimed by BAS return.The GST is not financed & is added to the monthly instalment. GST is then claimed by BAS return.
FlexibilityCan only upgrade by payout of the existing contract & applying for a new one.Can only upgrade by payout of the existing contract & applying for a new one.Highly flexible – easy upgrades & add-ons at any time with a simple contract variation.
Approx. Document Cost
(vary according to Lender)
$375 CHP
$650 Chattel Mortgage
$375 Tier 1 & 2 Lenders
$435 Tier 3 Lender
$250 Full Doc
$300 Lo Doc
Definitions

Lessor – Someone who grants a lease.
Lessee – Someone with a lease.
Mortgagee – A body providing a mortgage.
Mortgagor – A person making the payments.

*All finance products have fixed monthly payments/instalments payable monthly in advance.

Credit Representative Number 432231 is authorised under Australian Credit License Number 389328
Subject to lenders terms and conditions. Fees and charges and eligibility criteria apply.
Your full financial situation would need to be reviewed prior to acceptance of any offer or product.