Business asset finance: turning a purchase list into a workable plan
Separate identifiable assets from other costs
List the equipment, hardware or machinery you want to acquire and its supplier. Keep stock, wages, marketing and other general operating needs separate. They can have different funding requirements and should not be bundled into an asset price without explanation.
Build a project budget
For a hospitality, retail, warehouse or office purchase, include installation, training, fit-out and business disruption where relevant. Ask which parts of the project can be considered under the proposed agreement.
Compare finance with other practical options
Buying outright may avoid borrowing costs but use cash reserves. Hiring or staging a purchase may offer flexibility. Compare those alternatives with the period you expect to use the asset and the cash the business needs to retain.
Read the ownership and exit terms
Different agreements can have different ownership arrangements and end-of-term obligations. Ask for a clear explanation of the total cost, security, maintenance responsibilities and early exit terms. Discuss accounting and tax treatment with your accountant.
Give the next conversation a useful starting point
Provide the asset list, individual prices, suppliers, intended use and timing. Explain if several items are part of one project or will be purchased at different times. Include what would make the purchase commercially worthwhile, using realistic assumptions.
Explore the next step
Business assets information · Repayment calculator
Enquire About This PurchaseFurther reading: ASIC Moneysmart: comparing car loans and personal loans. For business purchases, see business vehicle and equipment finance. Provider examples do not indicate a lender-panel relationship.