Asset Finance

Most lenders offer vehicle and equipment finance terms between 1 and 5 years, with terms up to 7 years available in exceptional cases for high-value or long-life assets. The loan guide on this page references 2–5 years as the standard range. Shorter terms result in higher monthly repayments but lower total interest; longer terms reduce monthly payments but increase the overall cost of the loan. Broc Finance can model different term structures to find the right balance for your cash flow.

Eligible businesses can finance up to 100% of the asset's purchase price — meaning no deposit is required. The amount approved depends on your business risk profile, trading history, credit history, and the nature of the asset. New assets typically attract higher funding percentages than used or specialised equipment. Broc Finance works across 150+ lenders to maximise your funding eligibility and identify the lender whose policy best suits your asset and business profile.

Yes — Broc Finance can arrange finance for both new and used assets. For used assets, lenders assess the age, condition, and residual value of the equipment. Most lenders will finance assets up to a certain age limit (typically 10–15 years old at the end of the loan term, depending on asset class). Some lenders specialise in used or second-hand asset finance where others won't lend. Broc Finance matches your used asset scenario to the most appropriate lender on its panel.

Any asset that depreciates over time and is used for business purposes can generally be financed — including vehicles (cars, trucks, vans, trailers), equipment (forklifts, excavators, loaders), plant and machinery, agriculture equipment, medical equipment, restaurant equipment, and commercial fit-outs. Primary assets (standard vehicles and equipment) attract the broadest lender appetite. Secondary or specialised assets may have fewer lending options but Broc Finance's 150+ lender panel covers most asset classes across most industries.

Yes — most asset finance lenders allow early repayment. However, lenders may charge an early payout fee (also called a break cost or early termination fee) to recover the interest foregone. The fee amount and structure varies by lender and loan type — it is typically higher in the early years of the loan term and reduces over time. Ask Broc Finance to clarify early payout conditions before signing any loan agreement, particularly if you anticipate selling the asset or refinancing.

Yes — this is known as a sale and leaseback or asset refinance arrangement. If you purchased an asset recently using cash or personal funds, some lenders will provide finance against the asset's current value, effectively reimbursing your outlay and freeing up that capital for other business uses. Eligibility depends on the asset type, age, condition, and how recently it was purchased. Additional fees or conditions may apply. Contact Broc Finance to assess whether your recently purchased asset qualifies.

Lenders register a charge over financed assets, which means you cannot sell or dispose of the asset without first settling the loan or obtaining the lender's consent. In practice, two options are available: pay out the outstanding loan balance at settlement using the sale proceeds; or arrange for the buyer to refinance the loan with their own lender, with any equity above the loan balance returned to you. Broc Finance can advise on the cleanest exit structure for your specific situation.

Asset finance interest rates in Australia start from 6.25% p.a. for strong-credit, established businesses financing standard assets. Rates vary by lender, asset type, loan term, and your business risk profile — including trading history, credit score, and financial strength. Used or specialised assets typically attract higher rates than new primary assets. Broc Finance compares offers across 150+ lenders to secure the most competitive rate for your specific asset and business profile, presenting an indicative offer before any credit check is run.

If you don't qualify for asset finance — or if the asset class falls outside standard lending policies — a business loan secured against your cash flow may be an alternative. Options include unsecured business loans, secured business loans, business lines of credit, and invoice or debtor finance facilities. These don't require the asset as collateral but typically have shorter terms and different eligibility requirements. Contact Broc Finance on 1300 253 041 — a lending specialist will identify the most appropriate product for your situation.

Broc Finance is a finance broker with access to 150+ lenders, covering all major asset classes across Australia. Rather than applying directly to multiple lenders and risking multiple credit checks, Broc Finance obtains an indicative offer on your behalf before any formal credit enquiry is run. This protects your credit score during comparison. Once you accept an indicative offer, Broc Finance manages the full application and documentation process through to settlement — at no upfront cost to you.