Finance for Vehicles, Plant & Equipment
Growing a business often means investing in the vehicles, equipment and technology that let you deliver. At Brims Mortgage Solutions, we help Gold Coast businesses fund those purchases with asset finance structured to help preserve working capital and align with the useful life of the asset.
Whether it's a single vehicle, a fleet upgrade, workshop machinery or IT infrastructure, we compare specialist asset lenders alongside major banks to find sharp rates and flexible terms. We can also structure this alongside your broader business and commercial finance.
Call us today on 0452 512 457 to discuss your finance options.
Asset Finance Options
We help you compare the structures available and pick the one that best suits your cash flow and tax position.
- Chattel Mortgage: You own the asset from day one and use it as security for the loan — a popular structure with attractive tax outcomes for many businesses.
- Hire Purchase: The lender owns the asset until the final payment, at which point ownership transfers to you.
- Operating & Finance Lease: Structured leases with optional residuals — useful where you want to refresh equipment regularly without owning it long term.
- Novated Leases: Salary-packaged vehicle leases for employees, coordinated with your payroll and accountant.
Finance Structures, Ownership & Tax Treatment
The structure you choose for asset finance affects who holds title and how repayments may be treated for tax purposes. The information below is general in nature and does not constitute tax or financial advice — outcomes depend on your individual circumstances, business structure and current legislation. Confirm the right approach with your accountant or tax adviser before making any structuring decision.
- Chattel Mortgage: You own the asset from settlement. Interest and depreciation may be deductible, and GST-registered businesses may be able to claim the GST component on eligible assets — outcomes depend on your specific circumstances and asset type.
- Finance Lease: The lender retains ownership during the term. Lease payments are treated as an expense, suited to businesses that prefer to keep assets off the balance sheet.
- Operating Lease: A rental-style arrangement where you use the asset without ownership, with options to return, upgrade or purchase at the end of the term.
- Depreciation & Write-Offs: Depending on the asset and current tax rules, immediate write-off or accelerated depreciation may apply — confirm the right approach with your accountant.