Asset Finance Solutions

How it works

Financing Your Assets

Not every large purchase fits into a home loan. At Legacy Mortgage Solutions, we specialise in asset finance options that cover a wide range of needs, including:

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Private Cars & Recreational Vehicles

Secure finance for your dream car, motorhome, or boat with competitive personal or car loan options.

Commercial Vehicles & Equipment

From trucks and vans to specialised machinery, we can access commercial leasing or chattel mortgage solutions tailored for your business.

Business Equipment & Plant

Upgrade your business with the latest technology or expand your operations with finance for plant and equipment, including a variety of small business loans and leases.

Our promise to you.

Why Choose Our Asset Finance Solutions?

Expert Guidance

We cut through the complexities of asset finance, providing clear advice on the best finance structures, be it a lease, chattel mortgage, or traditional loan.

Maximising Financial Efficiency

We work with you and your accountant to structure finance in the most tax-effective way possible, helping you benefit from depreciation allowances and potential government incentives.

Access to Multiple Lenders

Benefit from our strong network of lenders and finance providers to secure competitive rates and flexible options that match your needs.

Time-Saving Support

We handle all the paperwork and negotiations, streamlining the approval process so you can focus on running your business or enjoying your new purchase.

Tailored Solutions

Every asset purchase is unique. We assess your requirements and design customised finance packages that fit your budget and long-term goals.

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Are you located outside of Melbourne? Get in touch and we can help find the best solution for you, no matter where in Australia you’re located.

How it works

Our Asset Finance Process

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Initial Consultation

We start with an in-depth discussion to understand your asset needs, financial situation, and long-term objectives.

Tailored Strategy Development

Based on your requirements, we design a customised finance plan that aligns with your budget, cash flow, and potential tax benefits.

Lender Comparison & Recommendation

We compare offers from a wide range of lenders and finance providers, presenting you with the most competitive and suitable options.

Application & Approval

Our team manages the application process, handling all the paperwork and negotiations to secure fast and favourable approval.

Settlement & Ongoing Support

After settlement, we continue to support you, providing advice on asset management, potential refinancing options, and any future finance needs.

What are the asset finance options available in Melbourne?

Understanding Asset Finance Options & Considerations

Asset finance is a flexible solution that can be structured to meet various needs. Here’s an overview of the key options available:

Personal & Car Loans

Ideal for financing private vehicles or recreational assets, these loans often feature competitive interest rates and manageable repayment terms.

Chattel Mortgages

Perfect for business assets, a chattel mortgage allows you to claim depreciation benefits while securing the asset as collateral, often offering attractive tax advantages.

Commercial Leasing

Acquire new equipment or vehicles without the upfront costs of ownership. Leasing options often include maintenance and upgrade packages.

Finance Leases & Operating Leases

Choose between owning the asset at the end of the term (finance lease) or simply utilising it for a fixed period (operating lease), depending on your business strategy.

Small Business Loans for Assets

Tailored specifically for small business needs, these loans can finance a wide range of assets, from IT infrastructure to manufacturing equipment, while supporting your overall business growth.

Hire Purchase Agreements Leasing

A flexible option where you pay for an asset in instalments, with ownership transferring to you once the final payment is made.

Small Business Grants & Subsidies

Depending on your industry and location, you might be eligible for grants or government-backed incentives when investing in new equipment or technology.

Tax Depreciation Benefits

Financing business assets through options like chattel mortgages can offer significant tax deductions over time, maximising your investment returns.

We’ll help you navigate these options and determine the best strategy to finance your asset while leveraging any available government support.

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Access the best lenders in Australia to find the best rate for your financing solution!

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Frequently asked questions

Everything you need to know about securing financing in Melbourne.

What is asset finance?

Asset finance refers to funding solutions designed for purchasing or leasing assets that aren’t covered by traditional home loans, such as vehicles, business equipment, and machinery.

What types of assets can I finance?

You can finance a wide range of assets, including private cars, recreational vehicles, commercial vehicles, business equipment, and plant machinery. We also facilitate small business loans and leasing options tailored to your needs.

How does a chattel mortgage work?

A chattel mortgage is a secured loan where the asset is used as collateral. It allows you to claim depreciation benefits for tax purposes while enjoying flexible repayment terms.

What is the difference between leasing and a hire purchase agreement?

Leasing allows you to use an asset for a fixed period without ownership, often with options to upgrade or include maintenance. A hire purchase agreement involves paying instalments over time, with ownership transferring to you at the end of the term.

Are there any government incentives available for asset finance?

Yes, depending on your business and the type of asset, you may be eligible for small business grants or subsidies. Additionally, financing through options like chattel mortgages can offer tax depreciation benefits that enhance your financial efficiency.

Who is eligible for asset finance?

Both individuals and businesses can apply for asset finance. Eligibility is determined by factors such as credit history, the value of the asset, and the strength of your financial position.

What fees are involved with asset finance?

Fees may include application fees, valuation fees, establishment fees, and ongoing administrative charges. We ensure you have a clear understanding of all costs upfront.

How long does the asset finance approval process take?

Approval timelines vary based on the type of asset and lender requirements, but our streamlined process is designed to secure funding quickly, often within a few days to a couple of weeks.

Can I refinance or upgrade my asset finance later?

Yes, if your circumstances change or if you need to upgrade your asset, refinancing options are available. We can guide you through the process to ensure you continue to get the best deal.

Ready to finance your next asset?

At Legacy Mortgage Solutions, our asset finance experts are dedicated to helping you secure the best funding solution for your unique needs, whether it’s for personal use or to drive your business forward.

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Browse our other services

Can't find exactly what you're looking for? Here are some other services that we provide that might be more suitable to your situation:

Investment Loans

Access competitive loan options that can help you maximise your investment returns across your portfolios

Commercial Loans

If you need help to refinance or purchase commercial property, just contact us today to find a solution.

Bridging Loans

A bridging loan may be necessary to cover the financial gap when buying one property before your existing one is sold.

First Home Buyer Loans

Access competitive loan options that can help you start your property journey in Australia, get in touch today.

SMSF Loans

An SMSF loan enables a Self-Managed Super Fund to borrow funds for acquiring investment properties or refinance existing SMSF debt.

Variable & Fixed Rate Loans

Let us help you navigate the complexity around loans and find the best rate type for your goals.

Restructuring Finances

Have you recently assessed your overall financial situation, or are you among those who simply set and forget?

Development Funding

Development funding offers a range of financial options tailored to help you successfully complete your project.

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Not sure what kind of loan you need?

The major benefit of using a broker to finance other large purchases besides property is obtaining finance that is tailored to fit your current financial circumstances and needs. With depreciating assets, the right finance can also potentially save you money on interest and fees, or potentially help you maximise your tax benefits. AND MORE – Not sure what kind of loan you need for your current financial circumstances? That’s our job. We deliver tailored finance solutions chosen from a panel of leading lenders, and give you peace of mind that your loan is working for you. Contact us today to find out all the ways we can help you.