Equipfin

05/07/2023

New car waiting times in Australia are likely to remain long for the foreseeable future, as demand for vehicles continues to outstrip supply.

The perfect storm of chip shortages, supply chain disruptions, and increased demand has created a nightmare scenario for car buyers in Australia. Wait times of up to 12 months or more are not uncommon, and there is no sign of things getting better anytime soon.

Factor in those long waiting times when making your decision - financing your purchase with Equipfin can help get the funds you need to secure that new car a lot sooner, and with a lot less headache:

* Fast and easy application process
* Competitive interest rates
* Flexible repayment terms
* Experienced and knowledgeable team

Get in touch with the team to get ahead of the curve!

Thousands of new-car buyers in Australia have been stuck in a holding pattern for months and in some cases years, waiting to take delivery of their next vehicle. Here’s why one expert predicts queues aren’t about to get shorter.

13/02/2023

Thanks to Kristy & Lee Civil for again putting their faith in us to organise finance for their 2016 Tipper Truck.

Looking for Truck Finance. Call us today 1300 959 144

TESTIMONIAL

"Thanks again for a really easy process & transaction! Picked up the Truck. You guys are the best!! Thank you again!! Kind regards Kristy & Lee"

WHO IS KLM CIVIL?

KLM Civil are a full serviced civil construction company specializing in Large earthworks an large scale pipelaying KLM Civil has extensive experience planning and delivering projects that help our clients meet their budget an deadlines.

13/02/2023

Wondering where your new car is?

Many new car buyers are frustrated that they are continually being told by dealers that there is a delay on the deliver date... well this article explains why dealers are unable to provide accurate delivery dates.

New-car delivery delays are expected to get worse before they get better, as more than 60,000 vehicles are stranded offshore or in a backlog awaiting quarantine clearance at ports around Australia.

04/02/2022

This article made some great comments by CEO of Grow Finance David Verschoor and CAFBA President Matt Akin. With the need for asset finance expected to increase over the next year, Equipfin is here to assist its customers and referral partners with any asset finance needs they have. If you’re a mortgage broker looking at how they can diversify their business by assisting your clients with asset finance but not quite sure how to go about it, please reach out to us to further discuss how we can assist you in doing this. Call us today on 1300 959 144.

Grow Finance’s co-chief executive has speculated that business confidence and capital asset investments will rise as COVID-19 becomes endemic. The 2022 calendar year will be a time that will see b

16/12/2021

Will your business require additional working capital over the Christmas and New Year period?

For some businesses, the holiday period can cause a bit of a strain on their working capital as they close down however bills, rent and staff wages all still need to be paid while there is little to no revenue coming in.

Another thing may be that they need to outlay more capital to increase their stock levels to ensure they are covered through this period when couriers and transport companies are in high demand and may not be available to provide their goods in a normal time frame.

An unsecured Business Loan, Line of Credit or Overdraft Facility may be an option for these businesses to consider, to help them cover costs through this period or even to assist in growing their business throughout the year.

These facilities can be approved and funds available in 24 hours while also have the added benefit of little to no early termination costs to them.

If you’d like to find out more or would like to apply for an unsecured business loan, line of credit or overdraft facility to assist with your cash flow, contact the Equipfin team today on 1300 959 144.

18/11/2021

Why are car & equipment finance interest rates rising?

Anyone who has applied for a car or equipment loan in the last few weeks may have been a little taken back and thought the rate offered by brokers, dealers and the banks seemed high.

The rates are higher, but this is not because the banks want to charge more. It is simply the cost of funds is on the rise.

For those who want to know why, please read on. For those who don’t, please accept the honeymoon period of extremely low rates is over, and that rates have gone up, and there is nothing we can do about it.

So, we have enjoyed the downward trend in interest rates for a seemingly long time, so when rates move up, it’s a bitter pill to swallow. However, this is the reality we now face.

But what many people don't understand is “why” have rates suddenly gone up. When many people think about interest rates, they don’t realise the interest rates for houses and cars are different. Firstly, cars & equipment represent higher risk, therefore attract higher rates.

The other significant difference is that cars & equipment rates are all based on "fixed" interest rates. Variable home loan rates are still relatively low. However, because it is anticipated that rates will rise in future years, the future fixed rates need to be increased to allow for this predicted interest rate to rise.

For some time, strong businesses buying new assets have had access to very competitive rates ranging from 3% to 5%. But with recent rises, a rate between 4%-6% would be considered a competitive solution.

Some scenarios that present higher risk will mean clients pay higher rates than the above mentioned. However, the primary purpose of this blog is to educate customers to psychologically prepare for higher rates when applying for car and equipment finance.

09/11/2021

Shout Out by Sean Fowler, Equipfin.

Thank you to everyone for their well wishes in my nomination for Broker of the year. Unfortunately, I didn't take out the award this year, but it was an honour to have been nominated, and even further grateful for being shortlisted to 3 finalists.

Congrats to Joel Quatermain from Pacific Capital for winning the Broker of the year award and all other winners on the night.

The only disappointment in not winning was not getting to publicly thank the people that made my job such a pleasure. But then I realised we should not need to win an award to thank the people that support us.

So with that in mind.

Thanks to CAFBA for everything you do behind the scenes to make asset finance a better industry.

A massive thank you to ALL the Financiers for what they have done over the past 18 months. Covid has placed pressure on the Funders never experienced before. The speed at which they had to adjust processes and systems to suit ever-changing requirements can only demand appreciation. And while we all may have had our frustrations at times, they found ways to keep the money flowing and enable us to support our clients.

I also want to thank Mike, Caroline, Ryan and the team at Platform for always supporting whatever direction I wanted to take with my business.

And finally want to thank my team, Deb, Tom, Leigh and Sof. They say a business is nothing without its people, and that is undoubtedly true about Equipfin. I am one lucky employer to have a team that gives a dam.

Sometimes when you lose, you actually win!

28/10/2021

Exciting for the team at Equipfin, new office digs.

To help us better support our wonderful clients in 2022, Equipfin’s office in North Sydney is undergoing a much-needed refit! We're excited to see it unfold.

Watch this space for exciting developments in our new space in North Sydney.

21/10/2021

What is the Government SME Recovery Loan Scheme?

On the 25 August 2021, in recognition of the continued economic impact of the COVID-19 Pandemic the Government announced the SME Recovery Loan Scheme which would be available to businesses from the 1st of October 2021 to 31 December 2021.

The scheme was designed to help SMEs to access funding to assist them in getting through the pandemic, recovering and investing for the future.

Read the full blog -> https://equipfin.com.au/what-is-the-government-sme-recovery-loan-scheme/

On the 25 August 2021, in recognition of the continued economic impact of the COVID-19 Pandemic the Government announced the SME Recovery Loan Scheme which would be available to businesses from the 1st of October 2021 to 31 December 2021. The scheme was designed to help SMEs to access funding to ass...

12/10/2021

Equipment Finance

Equipfin can arrange finance for all types of equipment, ranging from a single computer for a graphic designer to a fleet of semi-trailers for a national transport company.

The term equipment finance is a broad term for any type of equipment that is used for business. Such assets include:

Truck & Trailers
Earthmoving & Mining Equipment
Manufacturing & Industrial Equipment
Computer Hardware & Software
Trucks & Trailers
Agricultural Equipment
Medical & Laboratory Equipment
Logistics & Access Equipment
Arborist & Forestry Equipment

Call the Equipfin team today on 1300 959 144 to discuss your equipment finance needs.