A Chattel Mortgage is a mortgage over capital equipment where the financier finances the purchase of an asset which becomes the subject of the mortgage.

It gives immediate ‘ownership’ to the borrower on a fixed rate loan usually with the asset purchased providing the only security. A fixed charge over the asset is registered with ASIC and is only released by the lender when the loan is paid out in full.

In a Finance Lease, the asset is effectively purchased by the lender (lessor) and rented back to the borrower (lessee) on a fixed term with repayments paid monthly. At the end of this term the lessee has the option to buy the asset from the Lessor.  In this case the lessee assumes the risk on the future value of the asset. Repayments may be expensed as per any other business rental but depreciation cannot be claimed as the asset is ‘owned’ by the lessor. 

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When upgrading equipment and vehicles on a regular basis, an Operating Lease can be a cost effective and flexible solution for you. You put the latest piece of equipment to work without the risk of holding it past its prime or outlaying up-front deposit.

In a Finance Lease, the asset is effectively purchased by the lender (lessor) and rented back to the borrower (lessee) on a fixed term with repayments paid monthly. At the end of this term the lessee has the option to buy the asset from the Lessor.  In this case the lessee assumes the risk on the future value of the asset. Repayments may be expensed as per any other business rental but depreciation cannot be claimed as the asset is ‘owned’ by the lessor. 

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A Novated Lease is a vehicle lease where an employer makes the monthly leasing payments to a financier on behalf of the employee for as long as the employee is employed by that company. The employee has full use of the vehicle. The contract is signed by all three parties to the arrangement. It is of particular benefit to employees to utilise instead of salary sacrifice as the payments are made by the employer from ‘pre-tax’ dollars

A Hire Purchase arrangement allows you to have immediate use of equipment , even though the bank or financier owns it. You have the option of buying it at any point during the agreement and ownership is automatically transferred to you when the last payment is made.

It doesn’t matter if you are buying just one car for your business or an entire fleet for your sales team, we have the expertise to get the right loan at the cheapest rates fast.

Need help finding a car?

We can put you in touch with one of our partner businesses who specialise in sourcing new cars for our customers. They take the stress out of the transaction and provide you with obligation free quotes. You will be amazed at how much money they can save you.

At Premier Finance Group we have a strong expertise in the mining industry. We understand that finance is crucial to keep the big equipment working. Heavy mining equipment is expensive and can sometimes be hard to fund due to the size of the loans required whilst you operate at the whim of cyclic revenues and world pricing and currency fluctuations. If you are in the market to buy new or used mining equipment, whether it is a crawler rig, conveyer, crusher, or a dump truck, grader, water truck or loader, Premier Finance Group can work with you to get the right loan structure and keep you working.

Yes, you read correctly, we have a new LOW DOC LOAN facility. That means you do not need financials!! If you have had an ABN for over 2 years, are property backed and have a clear credit history, we can get funding for almost any asset up to 4 years old!!!

Inquire now and one of our team will contact you shortly to discuss further.

Sometimes a rent to buy arrangement is the best way forward for your business. It may be because you only need a piece of equipment to satisfy a short term contract, you may not be sure you need to purchase the asset and want to rent it to monitor productivity or it may be a sound option to get that much needed asset now with the intent to take up the buy option in 12 or 24 months.

Whatever your reason, we can offer you the option on almost any asset.

Premier Finance Group has teamed up with one of Australia’s largest Insurance Brokers Allfreight Insurance to offer market leading insurance products for all your earthmoving, transport and equipment needs.

Inquire now and we will have a qualified insurance broker call you to discuss your insurance needs.

Premier Finance Group maintain strong relationships with multiple accounting firms and equipment suppliers. These businesses refer their clients to us when we can be of assistance to them. Our relationship with the client starts to build from that point as it would with any new client. So if you come to us via a third party, rest assured, we will be working just as hard for you to get the finance you need as with any other client. Also, if you are a business or supplier with clients who regularly require finance, contact us now to discuss how we can help you get more sales or improve the services you provide to your client already.