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Rent-To-Buy Finance
This type of finance is where a loan is raised to purchase any new or used Truck or Heavy Vehicles using the equipment as security.
This type of loan uses the moveable chattel as security as opposed to bricks and mortar security and gives the clients notable taxation benefits.
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Rent-To-Buy Finance
Overview of a Rent-To-Buy for Truck Finance
The Rent-To-Buy facility is a flexible arrangement designed to provide clients with a pathway to eventual equipment ownership while maintaining operational flexibility. Under this structure, the client initially rents the heavy vehicle or equipment directly from the financier over a defined rental term.
The unique advantage of this facility lies in its significant rebate structure. The client receives a substantial 75% rebate on all monthly rental payments made over the specified rental period. This rebate effectively builds up a significant credit balance that can later be applied toward the purchase price of the asset.
At the end of the rental term, the client has the option to purchase the equipment. The accumulated rebate is deducted from the final sale price, making the ultimate acquisition significantly more affordable. This offers the client a low-commitment rental period with a clear financial path toward ownership.
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Apply Now for Online Pre-Approval up to $500K without affecting your credit score.
Rebate Option
Features of a Rent-To-Buy Facility
- Only a minimum short 12 month contract before client has the ability to either refinance, payout or hand back the equipment to the financier
- Fixed payments apply
- 75% of the rental payments are rebated back to the client should they wish to purchase the equipment outright or refinance
- Full rental payment is claimed as a tax deduction at the end of the financial year on customers profit and loss statement
Tax Advantages
Benefits of a Rent-To-Buy Facility
- Quick turnaround times for the client
- Allows new start business easy access to funds when purchasing capital equipment
- Short 12 month contract means a customer is not locked into a 5 year loan contract
- Option to return the equipment to the financier once a large project is finished and then not be stuck with equipment past that date
- A rebate of 75% on the monthly payment made by the client, means that the payout figure on the contract is significantly reduced at the end of the 12 months
- Fixed payments allow businesses to accurately project income and expenses going forward
- Flexible options with respect to either handing the goods back at the end of the 12 month period or continue renting on a month to month basis
- Client can refinance the contract at the end of the 12 months at a significantly reduced amount based on the initial purchase price of the goods
- Client can also own the goods outright be paying cash for the asset based on fair market value
- Full rental payment is claimed as a tax deduction at the end of the financial year
We Make Heavy Vehicle Finance Quick and Easy for Business Owners Australia Wide.
Start Now and complete our Quick Assessment Form to obtain a Pre-Approval up to $500K – decision within a few seconds.
Alternatively, you can call one of our Finance Consultants to discuss your funding scenario.
Example Breakdown
Example Funding Scenario
- New business looking to purchase a Rock Crushing Plant – $585,000 (gst inc)
- Finance Type – Rent-To-Buy
- Loan Amount – $585,000 (client borrows the gst inc amount)
- Term – 12 months
- Residual – NIL
- Payments – weekly in advance
Outcome
- Client had been knocked back by all 4 of the major banks based on the fact the business was just starting out and that the goods were deemed to be too specialised
- The rent-to-buy facility allowed the new business to acquire the crushing plant and win a $10M contact
- Fixed interest rate allowed client to easily budget for ongoing expenses
- 75% of the monthly payment is rebated back to the client, which means they could refinance the equipment at the end of the 12 month period for $380,250
Customer Reviews
Our customers say it best. Find out what it's like dealing with the Experts in Truck Finance. You could be the next success story.
Nathan you are fantastic to deal with. Always prompt with deals never a hiccup. After 8 truck deals will never use another broker. Keep up the great work you make my life stress free.
TH
Tracey Hall
Scone Equine Transport Pty Ltd
I have been dealing Heavy Vehicle Finance since 2014 and have found them be nothing short of amazing.They have funded various trucks and trailers for me over the years and its a fantastic feeling to know that I still have the same account manager after all of these years of business.It is very good to know that a finance approval is only a phone call away.
CW
Colin Wallace
Palanquin Pty Ltd
I have used the team at Heavy Vehicle Finance twice now for our financing needs for prime movers and side tippers. A Great team to work with and very prompt and professional. We will use again in the future.
JC
James Coustley
JJC Civil
I have used Nathan and his team for multiple purchases for our earthmoving company and Nathan has gone above and beyond to help us with expanding our business. I couldn’t recommend Nathan more highly.
SW
Sam Wood
Sureflo Plumbing & Roofing Contractors Pty Ltd
We used Heavy Vehicle Finance for the purchase of our Truck. They went above and beyond for us and made sure that the process was as stress-free as possible. The entire interaction was nothing short of amazing. We will definitely be using them again in the future.
MM
Meagan McNicholl
Next Gen Transport Pty Ltd
Can’t thank Nathan enough for how fast and professional he was with organising my finance for my new truck. He was straight to the point with no stuffing around. Highly recommended
TH
Tim Hartas
Hartrax Contracting Pty Ltd
Heavy Vehicle Finance Calculator
Looking to buy a New or Used Heavy Vehicle? Try our Simple Heavy Vehicle Loan Calculator to estimate your weekly payments and take the guesswork out of your next Heavy Vehicle purchase.
Why Us?
Unlock the Benefits of Heavy Vehicle Finance for Your Rent-To-Buy Loan
- Heavy Vehicle Finance backed by 20 Years Industry Experience. Heavy Vehicle Finance that will work for you.
- Quick, Easy and Obligation Free. Heavy Vehicle Finance Pre-Approvals up $500K.
- We deal with Owner Drivers and Fleet Operators Australia Wide. We will help you save thousands on your next Heavy Vehicle Loan.
- We're trusted across the Transport Industry as a leading provider of Heavy Vehicle Finance. Our applicants receive funding options tailored to their business needs, delivered efficiently by experts who understand Heavy Vehicle Industry.
- Typically No Financials are required for loans up to $500K and our unconditional approvals take only 24 hours.
- Our flexible policy matrix will give you greater access to capital—so you can secure the Heavy Vehicle and Heavy Equipment you need to grow your business faster and with more confidence.
- Our customers are assigned a dedicated Relationship Manager to help guide them through the process from start to finish.
Let us Finance
the Road to Your
Future
Complete our Simple Quick Assessment Form and let us go to work on finding the best Finance Deal on your New or Used Heavy Vehicle.
With over 20 years experience and thousands of deals done, we are on your side to get the best possible rate.
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