Plant & Equipment

Nixon Finance has a range of options for business looking to secure equipment finance.

By selecting the right finance package from a wide range of major equipment lenders, Nixon Finance can save you interest and structure your Lease or HP/Chattel Mortgage to maximise your tax deductions.

Structuring your payments to match the seasonality of your business will help improve cash flow at critical times.

You can trust Nixon Finance to work in conjunction with your accountant to achieve the optimum package for your requirements.

Equipment Rental

When using Equipment Rental, the financier buyers the equipment on behalf of the business and rents it to the business for fixed payments over a fixed period. The business then simply makes these fixed monthly payments. At the end of the contract the business can opt to:

  • hand the equipment back with no more to pay
  • continue the rental agreement
  • buy the equipment outright at market value

Asset Lease

Under Asset Leasing the financier purchases the equipment on behalf of the business. The business then makes a fixed monthly lease rental for the term of the lease. At the end of the lease term the business can:

  • pay out of the residual and take ownership of the equipment
  • sell the equipment, or
  • refinancer the residual and continue the lease.

Chattel Mortgage

This form of finance allows the business to take ownership of the equipment at the time of purchase. The financier takes a mortgage over the equipment as security, and advances the funds at time of purchase. Once the contract is complete, the ownership of the equipment is passed back to the business.

Commercial Hire Purchase

Under this arrangement the financier purchases the equipment on behalf of the business. The business then hires it over a nominated period. The business retains the use of the equipment for the term of the contract, but does not own the equipment. At the end of the contract term, after the total price of the equipment, less any residual, and interest charges have been paid in full, the business takes ownership of the equipment.

  • 406 Queens Parade,
    Clifton Hill Vic 3068
  • 2 Sherbourne Road,
    Briar Hill, Vic 3088
  • 5 Ikona Court,
    Echuca Vic 3564
  • PO Box 140,
    Clifton Hill Vic 3068

For more information