Versatile, popular and negating the need for multiple machines to carry out certain tasks, backhoes are a common site on construction sites, in mining areas and on rural properties across Australia. The popularity of these machines means Jade Equipment Finance is regularly sourcing finance for clients purchasing either a single unit or multiple backhoe machines to upgrade their fleet.
Whether you’re purchase is to use on your own property or you are a contractor providing a backhoe with operator service, Jade has a number of commercial loan products to finance your backhoe.
The Chattel Mortgage is a very popular choice of finance as it suits many business structures that use a cash accounting system. GST is charged on the fees, not the payments, and can be claimed when paid. The interest on the monthly repayments is tax deductible and a balloon payment may be incorporated into the finance deal to lower the monthly repayments.
We also offer Equipment Leasing where the monthly repayments are tax deductible, Equipment Rental or rent to own which is an ‘off balance sheet’ finance facility and Commercial Hire Purchase (CHP) which also suits businesses with a cash accruals accounting method and the monthly repayments are tax deductible.
All our finance facilities are structured from the basis of our guarantee low interest rates. We don’t like being beaten on interest rates and our dogged determination in this area has given us a reputation for great equipment financing deals for all types of equipment.
Your Jade consultant will discuss your business objectives, your financial goals and the details of the backhoe you are purchasing and source you a finance deal to suit. Loans are offered on both brand and used backhoes, purchased through a dealer, at auction or from a private seller.
The term of the loan will significantly determine the monthly repayments. The longer time the loan is spread over the lower the monthly repayments, the shorter the term, the higher the monthly repayments. Depending on how you run your business, you can choose if you would prefer to pay your backhoe off sooner, or later. Whatever suits your financial situation.
Once you accept and finalise the finance quote we offer you, the terms, monthly repayment and interest rate remain fixed for the term of the loan.
Your Jade consultant is a highly trained, professional finance broker and will assist you with the paperwork and other aspects of the transaction to expedite the purchase. If purchasing a used machine, you can request assistance with checking title and verifying the seller.
Speak with a Jade Consultant to discuss a financing solution for your backhoe. Call 1300 000 003