By selecting the right finance package from a wide range of major equipment lenders, MFL can save you interest and structure your Lease or HP/Chattel Mortgage to maximise your tax deductions.

Structuring your payments to match the seasonality of your business will help improve cash flow at critical times.

You can trust MFL to work in conjunction with your accountant to achieve the optimum package for your requirements.

Contact MFL today for a free no obligation consultation or to obtain fact files on:

• Leasing
• HP/Chattel Mortgage
• 1 Year Leasing Benefits
• Financing v Cash Purchases
• Timing of Payments
• Financing and the GST
• Equipment Buy Back

Contact us: I want MFL's Equipment Finance fact sheets

Frequently Asked Questions

What is the minimum amount that I can finance?
$15,000.

Do I need a deposit?
Finance with monthly repayments will not require a deposit. If you require structured repayments however, a small deposit will be required.

How long does it take to get approval?
Generally 24 to 48 hours if your financials are in order.

Do I require a cash flow forecast?
If your business is under three years old you will generally be required to provide a cash flow statement.

What is the maximum term on a finance contract?
The maximum term is five years. Businesses who require a longer term generally take out a five year contract with a high residual/balloon payment and then refinance the residual/balloon over a further term.

What type of finance is best for me?
Leasing is generally better for low depreciation items and HP/Chattel Mortgage for high depreciation items. The timing of your purchase is also an important consideration and will impact on your decision. Your accountant is generally the best source of advice when deciding which type of finance is best suited to you.

What is a Balloon (Residual) payment?
A Balloon payment is a one off payment at the end of the finance term. This enables you to reduce the amount of your repayments during the term of the finance contract.