Equipment Finance Adelaide
From 5.99%
We have access to over 60+ different lenders
We shop for the best rate. It is part of our duty to make sure you are getting the best pricing available for your equipment finance.
30 years
$2.3 Billion
98%
Equipment Finance for Adelaide Businesses
Buying the right equipment should not slow your business down. Whether you are kitting out a new workshop in Edinburgh Parks, replacing a forklift in a Wingfield warehouse, or financing a tractor for a Riverland operation, AGM Finance arranges the funding so you can keep operating.
As a commercial finance broker with access to 60+ lenders, we compare the market, structure the deal around your cash flow, and handle the paperwork so you can focus on the job at hand.
From sole traders picking up their first machine to growing SA operations adding capacity, we have arranged equipment finance for businesses across South Australia for three decades.
Choosing the Right Equipment Finance Option
There are several ways to structure equipment finance. The right choice depends on cash flow, tax position, and how long you plan to keep the asset. Here is a quick summary of the most common structures Australian businesses use.
| Finance Structure | Why You Might Use It |
|---|---|
| Chattel Mortgage | You own the asset from day one and the lender holds a mortgage over it as security. Suits businesses registered for GST that want to claim the GST upfront and depreciation over the life of the asset. The most popular structure for trucks and equipment in Australia. |
| Hire Purchase | The lender owns the asset until the final payment. You take ownership at the end of the term. Useful when you want fixed repayments and clean ownership transfer at the end. |
| Finance Lease | The lender buys the asset and you lease it back for an agreed term. Lease payments are typically tax-deductible. At the end you can pay the residual to take ownership, refinance, or hand it back. |
| Rental / Operating Lease | Use the asset for a fixed term without owning it. Suits short-term needs or assets that date quickly, like IT and POS systems. |
| Low Doc Finance | For businesses without up-to-date financials. With a 2-year ABN, clear credit, and asset security or property backing, you can typically access funding without full financials. |
Equipment Finance Repayments
Estimate Your Repayments Quickly
Before you commit to a piece of commercial equipment, it helps to understand what the repayments will look like. Your monthly payment depends on the loan amount, interest rate, term length, and whether you use a balloon or residual approach.
Use our equipment finance calculator to get started.
Deposit, Term, and Balloon Examples
Below are three common scenarios to give you a sense of what your equipment finance repayments might look like. These are indicative only and based on a rate of 5.95% p.a.
| Scenario | Loan Amount | Term | Balloon | Est. Monthly* |
|---|---|---|---|---|
| New excavator | $120,000 | 5 years | None | $2,318 |
| Used forklift | $45,000 | 4 years | 20% | $890 |
| Industrial Machinery | $80,000 | 5 years | 30% | $1,202 |
*Estimates only. Actual repayments depend on the lender, your credit profile, and the asset being financed. Contact us for a personalised quote.
A longer term will reduce your monthly repayments but increase the total interest paid over the life of the loan.
A balloon (sometimes called a residual) lowers regular repayments by deferring a lump sum to the end of the term. Your broker can walk you through which combination makes the most sense for your cash flow.
Delivering award-winning finance since 1996
Servicing Adelaide and South Australia, end to end
Whether you are based in the Adelaide CBD, Port Adelaide, the northern suburbs around Salisbury and Elizabeth, the southern industrial precincts of Lonsdale and Wingfield, or operating out of regional SA, we can arrange your equipment finance over the phone, online, or via email.
We work with businesses across metropolitan Adelaide and the wider state, including the Barossa Valley, McLaren Vale, the Adelaide Hills, the Riverland, the Yorke and Eyre Peninsulas, and the Mid North. Distance is not an issue. Most clients never need to step into an office.
CTA: Speak with our finance team
South Australia has a diverse business base, and we have arranged equipment finance across most of it.
- Construction and civil: Excavators, skid steers, scissor lifts, scaffolding, and site equipment for builders working on the North-South Corridor, CBD developments, and residential growth corridors.
- Defence and advanced manufacturing: CNC machines, robotics, and precision tooling for businesses servicing Osborne Naval Shipyard and the wider defence supply chain.
- Agriculture and viticulture: Tractors, harvesters, sprayers, balers, and winery equipment for operators across the Barossa, McLaren Vale, the Riverland, and the grain belt.
- Transport and logistics: Forklifts, materials handling, racking, and yard equipment for businesses around Wingfield, Direk, Outer Harbour, and the Adelaide Airport precinct.
- Hospitality and food production: Commercial ovens, refrigeration, espresso gear, and processing equipment for cafés, restaurants, and SA food producers.
- Trades and services: Welders, compressors, generators, ute fit-outs, and workshop tooling for plumbers, electricians, mechanics, and other tradies across metro Adelaide.
- Medical, dental, and allied health: Imaging systems, dental chairs, and clinic fit-outs.
Most commercial assets used to run or grow a business can be financed. Common categories:
| Earthmoving and construction equipment
Forklifts and materials handling Trucks, trailers, and commercial vehicles Agricultural and viticulture machinery Manufacturing and CNC equipment Generators, compressors, and welders |
Hospitality and commercial kitchen gear
Medical, dental, and clinical equipment Office equipment and IT hardware Workshop fit-outs and tooling Solar and renewable energy systems Retail and POS systems |
If your asset is not on the list, ask us. We finance most commercial assets, new or used.
What Impacts Your Equipment Finance Rate and Fees
Interest rates on equipment finance vary based on your business profile and the asset you are financing. Knowing what lenders assess helps you position the application clearly and improve your chances of competitive terms.
- Trading history: Established businesses with two or more years of consistent revenue typically secure the lowest rates. Newer ABNs are not excluded but may sit at the higher end of the range.
- Credit profile: Director credit history is a primary factor. Clear credit and property backing both pull rates down.
Asset type and age: New primary assets (excavators, prime movers, mainstream forklifts) attract the best rates. Older or specialised assets tend to price slightly higher because the lender carries more security risk. - Loan size and term: Larger loans across longer terms can sometimes attract sharper pricing, depending on the lender and security position.
- Deposit or trade-in: Putting money down or trading in existing equipment reduces the loan-to-value ratio and can improve the offer.
- Industry: Some lenders prefer specific industries. With a 60+ lender panel, we match your application to the lender most likely to give you the best terms.
The interest rate is one part of the total cost. Look at the full picture:
- Establishment or origination fee: A one-off fee at settlement, typically rolled into the loan.
- Monthly account-keeping fee: Some lenders charge a small monthly admin fee.
- Early payout fees: Most equipment finance has an early termination cost. We will flag this upfront.
- Balloon or residual: Reduces monthly repayments but means a lump sum at the end. Plan for it.
Advertised rates like “from 5.95% p.a.” represent the lowest rate available under ideal conditions. To qualify, you would typically need a strong credit profile, a newer primary asset, and an established business.
The rate you are offered may differ based on the factors above. Your AGM Finance broker will always present you with the accurate pricing you qualify for, with no surprises at settlement.
How does Equipment Finance work?
At AGM Finance, we believe that equipment finance should be straightforward and simple. Ready to secure the right finance package for your next purchase? Here is how it works.
1. Pre-Qualification
Get started by completing our online pre-approval form or speak with one of our finance specialists. Most qualifications are immediate
2. Gather Required Documents
We will request the minimum information required to submit for finance approval. For low doc applications, that is often just an ABN, ID, and asset details.
3. Review Finance Options
We compare offers across our 60+ lender panel and present a tailored finance package built around your cash flow.
4. Apply
Once you choose a structure, we package the application and submit it through our FastTrack lender channels. Our applications receive priority across most banks and lenders.
5. Get Approved and Receive Funds
Approval is usually quick. Once approved, the lender pays the supplier directly and you take delivery of the equipment.
6. Enjoy Ongoing Support
We do not disappear after settlement. We are here for the life of the loan if you need to refinance, restructure, or finance the next asset.
I want to borrow…
Monthly Repayment
Why Use AGM Finance for Your Equipment Finance
AGM Finance has been arranging equipment and commercial asset finance since 1996. For three decades, we have built a reputation for competitive rates, fast approvals, and a service model that puts the borrower first.
- 60+ lender panel: More options means a better chance of finding the rate and structure that suits your business. We are not tied to a single bank.
- Specialist equipment finance brokers: Our team understands commercial assets across construction, agriculture, transport, manufacturing, and trades. That means practical advice, not generic loan processing.
- Adelaide and SA-friendly service: No matter where you operate in South Australia, we arrange your finance over the phone and online. Most deals settle without a single in-person meeting.
- Award-winning track record: Multiple-time winners of Australia’s top asset finance broker awards, backed by over $2.3 billion in loans settled for clients nationwide.
- Low doc options: If you do not have up-to-date financials, we have low doc products that can still get you funded.
- No credit score impact on enquiry: Requesting a quick quote does not affect your credit file. We only run a formal credit check once you are ready to proceed with an application.
The cheapest rates and fastest approval turnaround times.
We shop for the best equipment finance interest rates. It is part of our duty to make sure you receive the best and stress-free pricing without any hidden fees and charges.
What type of equipment finance do you need?
AGM Finance offers a broad range of commercial finance products for equipment, including chattel mortgage, commercial hire purchase, finance lease, and rent to buy.
Whether you are a sole trader buying a single piece of gear or a growing operation funding a fit-out, we have flexible options designed to match your situation. From a one-off purchase to a structured package across multiple assets, we will help you secure the right funding.
Apply for Pre-Approval now.
Complete the quick online application with no effect on your credit score.
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1300 664 687
Do I need a deposit for equipment finance?
Often no. Many of our equipment finance products are no-deposit for established businesses with property backing or strong credit. A deposit can help in some scenarios, particularly for newer ABNs or higher-value assets, but it is not a default requirement.
Can I get equipment finance with a low doc loan?
Yes. Our low doc options suit businesses without up-to-date financials. Standard requirements are typically a 2-year ABN, clear credit history, and either property ownership or a 20% deposit. Loan limits vary by lender and asset type.
Can I finance used equipment in Adelaide?
Yes. We finance used equipment regularly. Older assets may have shorter maximum terms and slightly higher rates than new gear, but we can usually arrange funding for equipment up to a defined age limit depending on the asset class.
What is the difference between a chattel mortgage and a finance lease?
With a chattel mortgage, you own the asset from day one and the lender holds a mortgage over it as security. With a finance lease, the lender owns the asset and you lease it back, often with a residual at the end.
Chattel mortgage is more common for businesses that want immediate ownership and full GST claims at the start. Leases can suit businesses that prefer fully deductible lease payments.
What documents do I need to supply?
For standard applications: ID, ABN, recent business bank statements, BAS, and the supplier invoice or quote for the asset. For low doc, the document set is much smaller. We will tell you exactly what is needed once we know which lender and structure suits you best.
Will applying affect my credit score?
Asking for a quote or pre-approval does not affect your credit file. We only run a formal credit check once you decide to proceed with a full application.
Can I claim equipment finance on tax?
In most cases, yes. Chattel mortgage allows you to claim depreciation and the interest portion of repayments. Finance lease allows you to claim the lease payments. Eligible businesses may also be able to use the instant asset write-off where it applies.
Speak with your accountant about how it applies to your specific tax position.
What is a balloon payment, and should I use one?
A balloon (or residual) is a lump sum deferred to the end of the loan term. It lowers your monthly repayments but you need to plan for the final payment. Balloons make sense when you intend to refinance, sell, or upgrade the asset before the end of the term. Your broker can model both options for you.
Do you finance equipment for new businesses in SA?
Yes. We have lenders on our panel who fund start-ups and newer ABNs. Asset backing, director property ownership, or a deposit can all strengthen the application. Get in touch and we will tell you upfront what is realistic.
What areas of South Australia does AGM Finance cover?
All of it. We work with businesses across metropolitan Adelaide (CBD, North, South, West, and Hills) as well as regional SA, including the Barossa, McLaren Vale, the Riverland, the Yorke and Eyre Peninsulas, the Mid North, and the South East. Everything is handled remotely.
How is equipment finance different from a business loan?
Equipment finance is secured against the asset itself, which usually makes it cheaper than an unsecured business loan and easier to approve. A business loan is broader and not tied to a specific asset. If you are buying a defined piece of equipment, equipment finance is almost always the better option.