Equipment Loans | Approved Car Loans

Our  finance team are experts in operating lease and rental for all types of business equipment for major corporations, multinationals, federal, state and local government, education and smaller businesses in most industries.

We can assist with specialist solutions including:

Commercial Chattel Mortgage

A chattel mortgage is a commercial loan product where the customer takes ownership of the equipment at the time of purchase.

How It Works

  • Under a Chattel Mortgage the financier advances funds to the customer to purchase a equipment, and the customer takes ownership at the time of purchase.
  • The financier then takes a mortgage over the equipment as security for the loan.
  • Once the contract is completed, the charge is removed giving the customer clear title to the equipment.


Commercial Hire Purchase

Commercial Hire Purchase (CHP) is also known as a Corporate Hire Purchase, Hire Purchase or Offer To Hire, and is often abbreviated as CHP or HP.

 How It Works

  • Under a Commercial Hire Purchase (CHP) arrangement the financier agrees to purchase the equipment on your behalf, and then hire it back to you over a set term.
  • You have use of the equipment for the term of the contract but you are not the owner.
  • You take full ownership of the equipment at the end of the term when the total price of the vehicle and the interest charges have been paid in full.


Asset Lease

An Asset Lease enables the customer to have the use of their equipment and the benefits of ownership, while the financier retains actual ownership of the equipment.

How It Works

  • The financier purchases the equipment on behalf of the customer, who then pays the financier a fixed monthly lease rental for the term of the lease.
  • At the end of the lease the customer can either pay a residual on the lease and take ownership of the equipment, sell the equipment or re-finance the residual and continue the lease.          


The dedicated business finance team at Approved Car Loans can organise any type of lease or equipment loan anywhere in Australia.


Why not talk to us today? With more Equipment Finance Options, cheap rates better than the banks can offer and a team of dedicated brokers at the ready, Approved Car Loans can get you into your dream faster! For more information contact us now on  (07) 3340 6700 or Apply online now!