Finance question
How is my equipment finance rate calculated?
Your rate is built from the asset itself and your profile. The main inputs are the type and age of the equipment, the loan term, any deposit, and your credit history. Because the asset secures the loan, a strong asset and a clean profile push the rate down. We match those inputs to the lender pricing them best.
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The short answer
The asset and your profile set the price
Equipment finance is priced on risk, and the biggest factor is the asset. A newer, standard, easy-to-resell machine is lower risk for the lender, so it usually attracts a sharper rate. Older or specialised gear can sit a little higher because it is harder to recover value from if a deal goes wrong.
Your side of the deal matters too. The loan term, whether you put in a deposit, and your credit history all feed into the number. A shorter term, a deposit, and a clean file each give the lender more comfort, and that comfort tends to show up as a better rate.
No two lenders price the same asset the same way. Running across 40+ lenders, we can put your specific deal in front of the ones that price your asset type and profile most keenly, rather than accept a single bank's view of it.
What moves your rate
The inputs a lender weighs.
Asset type and age
Newer, standard assets are lower risk and price sharper.
Loan term
The length of the finance shapes the pricing.
Deposit
Putting money in can lower the rate, though it is not always needed.
Credit profile
A clean history gives the lender more comfort on price.
Why matching the lender matters
Security in the asset
Because the equipment secures the loan, pricing sits below unsecured rates.
Lenders price differently
The same asset draws different rates across 40+ lenders. We find the keenest.
Structure changes the number
Term and deposit are levers. We set them to suit your cashflow and your rate.
A real example
A transport operator finances a late-model prime mover. A standard, recent asset plus a clean file and a short deposit means several lenders compete on price. We place it with the one pricing that asset class best, so the rate lands lower than the operator's own bank quoted. Illustrative only.
Common questions
Frequently asked questions
Does the asset really affect my rate?
Yes. A newer, standard, easy-to-resell asset is lower risk for the lender and usually prices sharper than older or specialised gear.
Will a deposit lower my rate?
It can. A deposit reduces the lender's risk, which often improves the rate, though many deals settle with no deposit at all.
Does my credit history change the price?
Usually yes. A clean profile gives the lender more comfort, while past issues can be placed with a lender that prices for them.
Why use a broker instead of my bank?
Your bank runs one pricing policy. We put your deal across 40+ lenders and place it with the one pricing your asset and profile best.