Business vehicles, trucks, yellow goods, medical and IT equipment, funded through a chattel mortgage, hire purchase or lease across 30-plus specialist lenders. Established businesses with an ABN, GST registration and clean credit can often borrow $150,000 or more without financials, with approval in 24 to 48 hours. We pick the structure that fits your cash flow and your accountant's advice, then the lender.
The tax settings and market rates that shape an equipment purchase this financial year.
Figures checked October 2026 against the sources shown. Rules change; we re-check before every application.
A chattel mortgage if you want to own the asset from day one, claim the GST upfront and have the option of a balloon. Hire purchase if you prefer a fixed schedule with the lender holding title until the last payment; its GST treatment has matched a chattel mortgage since 2012. A lease if you want to hand the asset back at the end and spread the GST over the payments.
Chattel mortgages are the default for most small businesses because of the upfront GST credit and the balloon option. Leases suit equipment that dates quickly, such as IT and medical technology, where ownership is a liability. Your accountant's view on depreciation and the instant asset write-off should settle it, and we are happy to run the numbers with them.
Usually, yes. Lenders run low-doc or "matrix" approvals for businesses with an ABN of two years or more, GST registration, clean credit and either property ownership or a 20 per cent deposit. Limits are commonly $150,000 to $250,000 per asset. Replacing a like-for-like asset is the easiest case of all.
Above those limits, or for a new ABN or a specialised asset, the lender wants financials or an accountant letter. Approval still runs in days rather than weeks. Private sales attract a small rate loading and need an inspection and a clear title check, which we arrange.
The write-off applies per asset, excluding GST, for businesses under $10 million turnover, and it does not matter that the asset is financed. A $19,000 piece of equipment on a chattel mortgage is deductible in full in the year you start using it; assets over $20,000 go into the small business pool at 15 per cent then 30 per cent.
The threshold is now permanent from 1 July 2026, so there is no end-of-year rush. The $150,000 and temporary full expensing figures still quoted on some sites ended on 30 June 2023.
The car limit, $69,883 for 2026–27, caps the depreciation you can claim and the GST credit (one eleventh of the limit, about $6,353) on a car, even under a chattel mortgage. A ute or van with a payload over one tonne, or a vehicle carrying nine or more passengers, is not a "car" and is not capped.
Financing a $110,000 dual-cab with a one-tonne-plus payload therefore gets the full GST credit and depreciation; financing a $110,000 SUV does not. The difference is often tens of thousands over the life of the asset, and it is worth knowing before you choose the vehicle.
It lowers the monthly repayment by deferring a lump sum, typically 20 to 40 per cent, to the end of the term. It suits assets that hold value and businesses that intend to trade up and refinance the balloon. It is a poor idea if the asset will be worth less than the balloon when it falls due.
We set balloons against realistic end-of-term values, not against the lowest possible repayment, and we tell you what the refinance will look like when it arrives.
“Smart. Service. Simplified.”The Cinch Loans promise
Faster than a home loan: the whole process runs in days for most established businesses.
Dealer or private-sale invoice, your ABN and credit position. Chattel, HP or lease chosen with your accountant's advice.
Low-doc approval in 24 to 48 hours where you qualify; full-doc in a few days.
Documents signed electronically, lender pays the supplier, asset delivered. Balloon and end-of-term plan noted for later.
Straight answers. If yours isn't here, ask cinchi (bottom right) or book a chat.
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I'm cinchi, Cinch Loans' AI assistant. I explain how Australian home loans and finance work, and when a question needs a current figure I check trusted sources like MoneySmart, Housing Australia, the RBA and the state revenue offices, and show you where it came from. Suvidh and the team give the actual advice. Your questions are saved so they can pick up where we left off, and when a question needs a person, I'll put you straight through on WhatsApp.
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cinchi is an AI assistant. It can be wrong. Figures are quoted from the source shown and change over time. Nothing here is personal credit advice or an offer of credit. Credit Guide · Privacy · Talk to Suvidh