Asset Purchase

Summary: 

With our Asset Purchase facility, the equity in your equipment increases as the term of the contract progresses, so you own it outright at the end of the contract. You can get 100% finance for the purchase price, pay a deposit, or trade some of your equity as part of the agreement. It’s up to you. We’ll structure your payments to suit your cash flow, and you can choose whether or not to have a balloon payment at the end of the contract. You’ll have a fixed interest rate for the term of the contract, so you can easily plan ahead. Also, depreciation and interest may be tax deductible.*

Features

100% Finance
  • Choose between depositing funds to help reduce the overall debt or ask us to finance 100% of the purchase price of the goods.
Flexible Term
  • 1 to 5 years terms available.
Balloon
  • A lump sum payment due at the end of the agreement. It helps to reduce repayment amounts during the loan.
Instalments
  • With each instalment you gain equity in the goods.
Security
  • Security is usually taken over the equipment that is financed. We might ask for additional security.

Fees

Establishment Fee
  • $300.00 (minimum).
Other fees and charges
  • Other fees and government charges associated with each Asset Purchase will vary depending on the state you are in, the vendor of the goods being purchased, the amount of finance involved, and any Federal government charges. Please contact your Equipment Finance Specialist on 13 11 75 for more information.
GST
  • GST does not apply to the repayment amount, however GST does apply to some government charges that are included in your repayment. GST may also be included in the purchase price of the goods. Refer to your accountant for more information.

Important Information

* This does not constitute tax advice and is for information purposes only.

Equipment Finance products are offered by Suncorp Metway Advances Corporation Pty Ltd ABN 89 100 845 127. The above information is for approved applicants only and subject to terms and conditions. For a copy of the Terms and Conditions please call 13 11 75.