The borrower negotiates a purchase price to buy out the equipment from the lender.
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Why Use Jade Equipment Loans?
Cheap equipment loan interest rates
With our superior negotiating skills, our strong bargaining power across multiple lenders and our determination to deliver the best deals for our customers. We work in your best interests to get you the best rates.
Using Jade is the right decision
We prioritise your interests, not shareholders or financial targets. As an established Australian-owned company, we bring extensive expertise to provide practical financial solutions for businesses of all sizes. Our licensed consultants are dedicated professionals who guide you through the loan process, empowering you with information and excellent deals. We believe credit should enhance, not burden, your business, ensuring every loan offer is a beneficial solution for your success.
A company that delivers
Whatever industry you operate in, whatever equipment, plant and machinery you need to run your business, Jade can assist with finance. We have expertise in Truck and trailer, Earthmoving, Mining, Civil, Commercial Marine, IT and computers, Office, Medical Finance, Manufacturing, Industrial Plant and many more.
Jade's Equipment Rental for Business Machinery
Jade Equipment Finance offers Equipment Rental as an ‘off balance sheet’ loan product for the purchase of business equipment. With this type of financing, the lender, ie financier, purchases the equipment and rents it to the borrower over the fixed term of the loan.
As the lender and not the borrower have made the purchase, the asset remains on the lender’s balance sheet, not the borrower’s balance sheet. This can be a particularly attractive accounting method for many businesses. We advise you to discuss this with your accountant in regard to suitability for your business.
The ownership of the machinery is retained by the lender, while the borrower has full use of the equipment and is responsible for the operating costs.
Equipment Rental Key Features
- Rental finance agreements are negotiated with the renowned Jade better equipment loan interest rates.
- Fixed interest rate for the term of the rental agreement.
- Fixed monthly repayments.
- A buy – payable when the monthly repayments are finalised.
- Flexible terms of up to 6 years/72 months.
- ‘Off balance sheet’ item. The repayments are accounted for as an operating expense but the asset/liability does not appear on the borrower’s balance sheet.
- GST can be claimed by the borrower on the monthly repayments. (If business is registered for GST)
- Monthly repayments are tax deductible as a business expense.
Finalising an Equipment Rental Agreement
As distinctly different from an Asset Chattel Mortgage for example, at the conclusion of the rental agreement, the lender retains ownership of the equipment. At that time, the borrower and lender can negotiate a settlement, with several options available:
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This purchase may be ‘re-financed’, speak with your Jade consultant.
A new equipment rental agreement can be commenced.
The lender exerts ownership over the equipment and the borrower returns the goods to the lender and the rental ends.
The rental could have a buyback amount option at the end of the term which when paid.
This type of finance product may allow businesses to regularly upgrade equipment more often without the burden of disposing of old or superfluous equipment. It may also be particularly suitable for businesses engaged in work on a project basis.
Your Jade Equipment Finance Consultant is readily available to explain exactly how Equipment Rental works as a commercial finance option for the purchase of a wide range of equipment in many industries.
Speak with a Jade Consultant to discuss an Equipment Rental for your proposed equipment purchase. Call 1300 000 003.
Equipment Rental Finance Calculator
Using this online calculator is predicated on the individual’s knowledge and also undertaking that the outcome/estimate showed does not indicate a loans quote; it does not imply an application for any kind of loans has actually been lodged; it is not an indication that any kind of lending application has actually been approved. The formatting of this free calculator does not take into account certain information concerning any type of particular individual loan application or any loan provider fees as well as costs. It is formatted to generate a basic outcome based upon basic info as well as values only.
After lodging a formal finance application, the quote as well as payment totals that you may possibly be provided might vary from the estimate worked out by this device.
The device is not appropriate for calculations on lendings that are established on a rate of interest only basis. The format is totally set up to compound interest for a chosen period based upon the values typed in by the customer.
The calculator is not meant as a device for financial decision making. Users that call for finance advice should seek a professional monetary advisor in relation to their personal circumstances. To make an application for financing as well as acquire a quote based on your personal requirements, the individual must contact Jade and also have their individual application considered by among our Jade specialists.
| Lender | Loan Product | Interest Rates From | Monthly Repayment |
| Jade | Equipment Finance | 6.70%Fixed Rate | $589.80 MONTHLY |
| Jade | Business Loans - Unsecured | 14.95%Fixed Rate | $712.91 MONTHLY |
| Jade | Business Loans - Secured | 6.85%Fixed Rate | $591.92 MONTHLY |
| Jade | Overdraft - Non Bank | 14.95%Fixed Rate | $712.91 MONTHLY |
| Jade | Chattel Mortgage | 6.85%Fixed Rate | $591.92 MONTHLY |
| Jade | Operating Leases | 6.85%Fixed Rate | $591.92 MONTHLY |
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Jade
Equipment Finance
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| 6.70%Fixed Rate | $589.80 MONTHLY | |
|
Jade
Business Loans - Unsecured
|
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| 14.95%Fixed Rate | $712.91 MONTHLY | |
|
Jade
Business Loans - Secured
|
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
|
Jade
Overdraft - Non Bank
|
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| 14.95%Fixed Rate | $712.91 MONTHLY | |
|
Jade
Chattel Mortgage
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
|
Jade
Operating Leases
|
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
DISCLAIMER: This comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for business finance or any indication that an application has been received or approved. The rates quoted are for business use where the funds are predominately for business use and may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
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