If there was one measure that was common across both state and federal government budgets and stimulus measures in 2020 it had to be infrastructure spending. As the coronavirus pandemic hit the economy, treasurer and treasurer fronted the media to announce another infrastructure spend to stimulate the economy. Over coming years, Australian governments collectively will spend billions on roads and other infrastructure. The investment in roads, including new and upgrading projects, is of particular interest to us at Jade Equipment Finance as many of our customers operate in the construction sector.
For those in the mining and quarrying business, this infrastructure spend may signal a big boost to operations and the need for new or upgraded equipment to cope with the increase. Jade Equipment Finance provides cost-effective and tailored finance solutions for the acquisition of the mining and quarrying equipment.
Wide Range of Equipment Financed
We appreciate that many different and highly specialised processes are involved in the quarrying sector which require a wide range of plant and machinery. Jade provides finance for this wide range of equipment, whether it a turnkey plant installation, plant upgrades or the acquisition of individual plant and machinery.
- Bulk material handling equipment and systems: loaders, stackers, conveyor systems.
- Classifying and washing equipment: log washers, blade mills, tanks, fine material washers.
- Screening machines: horizontal, incline, high frequency and combo equipment.
- Crushing equipment: cones, jaws and impactors.
- Conveying systems and machinery: pan, apron and spreader feeders amongst others.
- Track plant: cones, jaws, impactors, screening and scalping machines.
- Asphalt production plant and machinery
- Road profiling machines
- Plant vehicles and buggies.
- General business operation and storage equipment.
Jade Equipment Finance provides loans for both standard equipment from leading manufacturers and suppliers and custom-built machinery loans. To start planning your loan or compare different makes and models of specific machines, use our Equipment Loan Calculator. This calculator allows you to input as many different values of different machines and receive a rough repayment estimate so you can immediately see how the purchase price converts to the more important repayment amount. Don’t forget to note the results you calculate for comparison purposes as the calculator does not retain the results you’ve calculated.
Finance Solution Options
When engaging Jade Equipment Finance to source your quarry equipment finance, you are assigned your own consultant to handle the entire process. Our consultants are highly trained finance professionals with skills and capabilities to source and structure you a cost-effective solution.
We provide a highly flexible and comprehensive service which enables our customers to access specialist lenders that understand your industry. Our finance solutions offer the possibility to combine multiple equipment items in the one finance package or tailor separate loans for each machine. It’s your choice.
You also have a choice of finance type so you can select the facility that will deliver the best outcomes for your individual business. As a major equipment finance lender, Jade offers the full portfolio of loan products.
Selecting which is the right one for your acquisition should involve a discussion with your accountant. The decision is based on an assessment of:-
- Accounting method used by your business: cash or accruals
- Balance sheet strategy: do you want an off-balance option or ownership from day one?
- Treatment of GST: with Chattel Mortgage the full amount of GST can be claimed on next BAS while with Leasing, GST is applied to and claimed on the monthly payments (for businesses registered for GST)
- Tax deductions: with Chattel Mortgage the major tax deduction is realised through depreciation of the asset while with Leasing and Rent-to-Own the repayments are considered an operating expense and tax deductible.
Structuring Your Loan
Your Jade consultant will source you a quote from across our extensive selection of lenders. Our lending panel includes both major banks and non-bank lenders. We source you the cheapest quote but if you do want your bank to finance your loan, we can liaise with them on your behalf and handle the entire process.
We will negotiate for the cheapest interest rates equipment finance and to achieve the loan term and subsequent repayment amount that best meets your requirements, preference or expectations. All business finance products include the option for a balloon or residual. By varying this amount the monthly repayments change. Your Jade consultant will advise how you can utilise that element of the loan to achieve the outcome you anticipate.
You may be produce materials primarily for locally-based projects but the equipment and machinery you need is located in other state. You may be located in a remote location close to major mining and infrastructure projects and it’s not easy for you to access major city financiers. Whatever your situation, Jade can assist as we operate on a national basis with our lender services provided via email and phone.
For equip your quarry operation to take on the boom in infrastructure projects, contact Jade Equipment Finance on 1300 000 003 for finance quotes.
DISCLAIMER: THE DETAILS AND INFORMATION PROVIDED IN THIS ARTICLE ARE NOT INTENDED AS THE SOLE SOURCE OR AS ADVICE IN REGARD TO FINANCIAL INFORMATION BUT FOR GENERAL PURPOSES ONLY. PERSONS REQUIRING ADVICE ON THEIR FINANCIAL SITUATION ARE DIRECTED TO CONSULT WITH THEIR FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ERRORS OR MISINTERPRETATIONS IN THE INFORMATION AS PRESENTED. THE DATA AND DETAILS WHICH MAY HAVE BEEN SOURCED IN PART FROM THIRD PARTY SOURCES.