Plant Equipment & Machinery Finance

At Vie Financial, we understand that every business – and every purchase – is unique. We work to understand your business, working directly with your Accountant to ensure we cover every contingency and then based on our expertise determine which financier is suited to provide the finance based on your business and the type of plant and machinery you are purchasing.

We pride ourselves in having access to competitive finance for transport, construction/building, manufacturing, earthmoving, logging, mining and many other related service industries. We can also assist with vehicle finance for employees who use their own vehicle predominantly for work purposes.

Whether you’re looking to refinance an existing plant or replace an old plant with brand new equipment and machinery, Vie Financial has access to a vast variety of loan options.

From equipment hire purchases to flexible and affordable chattel mortgages, we have a lending solution for you.

We can also help find the best deals for your business and the lowest possible commercial lease financing rates. From operating leases to finances leases, you can choose from several lease solutions tailored to your business needs.

Vie Financial helps businesses in the heavy industry, manufacturing, and mining finance commercial enterprise business machinery, industrial energy machinery, rail and aviation plants, materials handling equipment, and more.

We help find tailored loans and leases for plants and all types of heavy machinery, working with you to select the right financing product to help your business.

Our diverse network of lenders gives you more flexibility and savings opportunities.

There are numerous equipment loan, finance, and leasing options. Some of the most common include:

• Commercial Hire Purchase – With commercial hire purchase, the finance provider purchases the machinery or equipment on the business’s behalf. The company then “hires” the equipment from the finance provider at a fixed monthly repayment over an agreed upon period.
• Chattel Mortgage – A chattel mortgage provides direct financing, allowing a business or operator to take ownership of equipment as soon as possible.
• Finance Lease – A finance lease acts as a commercial loan and involves the purchase of goods for business purposes only.
• Sale/Hire Back – A sale/hire back is established after you have purchased the equipment. It can take the form of a lease, commercial hire purchase, or a chattel mortgage.
• Novated Lease – A novated lease is similar to commercial hire purchase. With a novated lease, the finance provider purchases the equipment on the business’s behalf, then the company “hires” the machine at a fixed monthly repayment over an agreed upon period.
• Operating Lease – An operating lease is often used to fund computer hardware, printing equipment, telephony, and other technologies.
• Fully Maintained Lease – This type of financing option allows you to bundle all work vehicle expenses, such as fuel and maintenance, into a single affordable monthly payment.

Operating Leases are designed for industries needing to keep their plants and machinery up-to-date. An operating lease effectively serves as a rental lease, providing a heavy industry business with access to current equipment whenever old equipment breaks down or wears out.

Instead of a liability, accountants view operating leases as part of operating costs. Some lenders have exchange programmes in place to minimise costs.

Plants and machinery are significant expenses that can cost upwards of seven figures or more. Many lenders offer a redraw facility or business overdraft to finance plant machinery and industrial equipment.

However, some lenders charge fees for redrawing on a loan, so you should discuss this option with a financial consultant to see whether or not the benefits of redrawing are higher than the costs.