Equipment Finance and Cash Out For Older Vehicles and Equipment

What would you do differently if you could raise finance off the equity in your equipment or acquire assets that generate revenue no matter how old or specialised they were?   

Raising capital against older and specialised assets and procuring finance against older assets is a solution that has our manufacturing, transport and excavation clients coming back to us time and time again. The key to successfully gaining finance in this area is a broker with strong lender relationships and a broad lender panel, as normally the big banks won’t look at anything that’s too specialised or over a certain age. Dark Horse Financial has an extensive lender panel that has solutions that include no age restrictions on financing second hand assets and can finance primary and non-primary assets such as catering equipment, food processing equipment, IT and fit outs. Our lenders are committed to beating others in the market on price and having financed a 1987 Kenworth truck we know they’re ok with older assets.

If a business owner is looking for cash, we can also offer ‘cash out’ against vehicles and equipment that you own outright. This can be really important when a situation is critical.

Case Study: a client needed a new engine for a truck that couldn’t afford to be off the road. They sourced cash out financed against the wholly owned truck to the value of the engine replacement allowing them to payoff the cost of the new engine over time and get their asset back on the road as soon as possible.

We’ve also successfully created a solution to finance the purchase of equipment from overseas before it arrives in the country (assets normally need to be in Australia so the lender can take security over them and won’t fund overseas purchases in normal circumstances). This is a real niche finance offering to the small business market that can really benefit those business owners looking for value in second hand assets.

To finance vehicles, equipment, machines, fitouts and IT products call Jeff on 0439 062 771 or email jeffsuter@darkhorsefinancial.com.au

Did you know? In addition to being Commercial Finance specialists, we also have one of the largest panel of home loan lenders in the market.

Please ask to find out how to get the best deal.

Jeffrey Suter is an Authorised Credit Representative No. 465324 for Dark Horse Financial Pty Ltd which is a Credit Representative No. 465 325 of BLSSA Pty Ltd ACN 117 651 760, Australian Credit Licence 391237.

This article is opinion only and should not be regarded as advice

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