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Whether you are buying new equipment, upgrading existing equipment, or adding to your fleet, having the right finance in place makes all the difference. At Roar Financial, we help businesses across Tasmania and Australia access asset finance options from banks and lenders across Australia, so you can get the tools you need without putting unnecessary pressure on your cashflow.
Asset finance is a broad term that covers a range of finance options designed to help businesses fund the purchase or use of physical assets. These assets might include work vehicles like a truck or trailer, specialised machinery such as excavators, tractors, graders, cranes, or dozers, as well as office equipment, medical equipment, hospitality equipment, and technology equipment. Whether you are a sole trader, a small business, or a growing company, asset based lending can be a practical way to preserve working capital while still accessing the latest equipment your business needs.
Roar Financial works with a wide panel of banks and lenders to find finance options that suit your business needs. We take the time to understand what you do, what you need, and how your business operates, so we can match you with a structure that actually works. Rather than a one-size-fits-all approach, we look at your specific situation and help you weigh up the options available, including the interest rate, loan amount, and repayment structure that fits your circumstances.
For businesses looking at commercial loans or business loans alongside their equipment needs, Roar Financial can help you look at the full picture. We are not just here to process paperwork. We are here to help you make informed decisions about how to fund your business growth in a way that makes sense for your situation.
See How Much You Could Borrow
Use our asset finance repayment calculator below to get a rough idea of what your repayments might look like. Enter your loan amount, interest rate, and loan term to see estimated fixed monthly repayments for your equipment or vehicle finance.
Step 1: Get in Touch
The first step is simple - reach out to us. Whether you call, email, or fill out our online enquiry form, we make it easy to start the conversation. There are no complicated forms or confusing jargon, just a friendly chat about what you are looking to achieve.
Step 2: Initial Consultation
We sit down with you - in person, over the phone, or via video call - to understand your goals, your financial situation, and your timeline. This is your chance to ask questions and for us to get a clear picture of what you need. We listen first so we can find the right solution for you.
Step 3: Assessment and Fact Find
We gather the key details about your income, expenses, assets, and liabilities. This helps us understand your borrowing capacity and identify the loan or finance product that best suits your circumstances. Everything is handled with care and confidentiality.
Step 4: Research and Recommendation
Using our access to a wide panel of lenders, we do the legwork for you. We compare products, rates, and features across multiple lenders to find options that genuinely match your needs. We then present our recommendation clearly, so you can make an informed decision with confidence.
Step 5: Application Preparation
Once you are happy with the recommended solution, we prepare and package your application. We guide you through the documents required and make sure everything is accurate and complete before it is submitted. A well-prepared application gives you the best chance of a smooth approval.
Step 6: Lodgement and Approval
We lodge your application with the lender and manage the process from start to finish. We stay in regular contact with the lender on your behalf and keep you updated every step of the way. If the lender needs anything further, we handle it quickly so there are no unnecessary delays.
Step 7: Settlement and Beyond
Once your loan is approved and settled, our job is not done. We check in to make sure everything has gone smoothly and that you are happy. As your circumstances change over time, we are here to review your finance and make sure it continues to work hard for you.
How we can help
There are several ways to structure asset finance, and the right choice depends on your business needs, your tax position, and how you plan to use the asset. Roar Financial takes the time to walk you through each option so you can make a confident decision.
A chattel mortgage is one of the most common forms of commercial equipment finance in Australia. With this structure, your business takes ownership of the asset from day one, while the lender takes a charge over it as collateral. You make fixed monthly repayments over the loan term, and there may be a balloon payment at the end if that suits your cashflow. The GST treatment under a chattel mortgage can also be beneficial for registered businesses, as you may be able to claim the GST upfront.
A finance lease is another option worth considering. Under a finance lease, the lender owns the asset for the life of the lease, and you make regular lease payments to use it. At the end of the term, you may have the option to purchase the asset, return it, or refinance. This structure can work well for businesses that want to manage cashflow carefully or take advantage of the upgrade cycle, particularly for technology equipment finance or medical equipment finance where equipment can become outdated.
An operating lease is similar but typically used for shorter-term arrangements where the business does not intend to own the asset at the end. This can be a good fit for hospitality equipment finance or office equipment where flexibility matters.
Hire Purchase is another structure where you pay for the asset in instalments over time and take full ownership once the final payment is made. This can suit businesses that want to preserve capital while still building equity in the asset.
For businesses managing a fleet, fleet finance allows you to fund multiple vehicles or pieces of equipment under one arrangement, which can make administration and budgeting more straightforward. Vendor finance and dealer finance are also available in some cases, where the seller or manufacturer provides the finance directly, sometimes in partnership with a lender.
A novated lease is typically used for individual employees to finance a vehicle through their employer, with repayments made from pre-tax salary. This can be a useful option for businesses looking to offer vehicle benefits to staff.
Roar Financial can help you compare these structures and understand the tax benefits, depreciation implications, and cashflow impact of each. We access asset finance options from banks and lenders across Australia, giving you a broad range of choices rather than being limited to a single lender's products. If you are also exploring equipment finance or personal loans for related needs, we can look at those alongside your asset finance options.
What Our Clients Say
Rodney helped us with our home loan and did a wonderful job of reassuring us and helping us navigate what can be a daunting experience, especially when buying our first home. Rod did a great job of finding a great lender and achieving an excellent outcome for our complex situation. We’re very grateful for all his help and would highly recommend him to anyone looking for a mortgage broker.
Sam
Frequently Asked Questions
Refinancing means replacing your existing home loan with a new one, either with your current lender or a different one. People refinance for a variety of reasons, including wanting a different loan structure, accessing equity in their property, or consolidating debts. Whether refinancing makes sense for your situation depends on a number of factors, including your current loan terms, any exit fees, and your financial goals. Roar Financial can help you review your current loan and compare it against other options available through our lender panel. We will walk you through the potential benefits and costs so you can make an informed decision that suits your circumstances.
Roar Financial can assist with a wide range of lending needs. This includes home loans for owner-occupiers, investment property loans, refinancing existing loans, construction loans, and loans for self-employed borrowers. We also assist with commercial finance and asset finance for business owners who need funding for equipment or vehicles. Every situation is different, and we take the time to understand what you are trying to achieve before exploring which options may be available to you. If you are unsure whether your lending need falls within what we can help with, simply reach out and we will have an honest conversation about how we can assist.
To get the ball rolling, it helps to have some basic information ready. This typically includes details about your income, such as payslips or tax returns if you are self-employed, along with information about your expenses, existing debts, and any assets you hold. If you are purchasing a property, details about the property and the purchase price are also useful. Do not worry if you do not have everything ready straight away. At Roar Financial, we will guide you through what is needed and help you gather the right documents at the right time. The important thing is to start the conversation so we can understand your situation.
The timeline can vary depending on the type of loan, the lender involved, and how quickly documents can be gathered and verified. In general, once an application is submitted with all the required information, lenders may take anywhere from a few days to a few weeks to assess and approve a loan. Roar Financial works to keep things moving by staying on top of your application and following up with lenders on your behalf. We will keep you updated throughout the process so you always know where things stand. Delays can sometimes happen, but having a broker managing the process means there is someone actively working to resolve any issues that come up.
When you go directly to a bank, you only see what that one lender has to offer. Roar Financial works with a panel of lenders, which means we can look across multiple options to find one that suits your circumstances. We take the time to understand your financial situation and goals before recommending anything. Our job is to represent you, not the lender. We also help you prepare your application properly, which can make the process smoother and less confusing. For clients in Tasmania and across Australia, having a local broker who genuinely understands your needs can make a real difference to your experience.
In most cases, mortgage brokers in Australia are paid a commission by the lender when a loan is settled. This means that in many situations, you do not pay us directly for our broking services. The commission structure is regulated under Australian law, and brokers are required to act in your best interests under the Best Interests Duty. We are always transparent about how we are paid, and we will explain this clearly before you proceed with anything. If there are any fees that apply to your specific situation, we will let you know upfront so there are no surprises along the way.
Having a less-than-perfect credit history does not automatically mean you cannot access finance. There are lenders on our panel who specialise in working with borrowers who have had credit challenges in the past, such as defaults or missed payments. Roar Financial will take the time to understand your full situation before exploring which lenders and products may be suitable. We will always be honest with you about your options and what to expect. We do not make promises about outcomes, but we do commit to doing the work to find out what is possible for you and presenting your application in the strongest way we can.
A mortgage broker acts as the go-between for you and a range of lenders. Rather than you having to approach each bank or lender on your own, a broker like Roar Financial does the legwork on your behalf. We assess your situation, help you understand your borrowing options, and present loan products from our panel of lenders that may suit your needs and goals. We handle the paperwork, liaise with lenders, and keep you informed throughout the process. Whether you are buying your first home, refinancing, or investing in property, having a broker in your corner means you have someone working for you, not for the bank.
Getting in touch with Roar Financial is straightforward. You can reach us by phone, email, or through our website to book a consultation at a time that suits you. We are happy to meet in person if you are based in Tasmania, or connect with you remotely if you are elsewhere in Australia. There is no obligation involved in having an initial conversation with us. We simply take the time to listen to your situation, answer your questions, and explain how we may be able to help. The sooner you reach out, the sooner we can start working on finding the right lending solution for your needs.
Not at all. While Roar Financial is proudly based in Tasmania, we work with clients right across Australia. Thanks to phone, email, and video calls, we can have meaningful conversations with you no matter where you are located. We understand that different parts of Australia have different property markets and lending considerations, and we take the time to understand your local context. Whether you are in Hobart, Melbourne, Brisbane, or anywhere in between, Roar Financial is set up to support you through the process of finding a loan that works for your situation.
Ready to Take the First Step?
If your business is considering machinery purchase, commercial vehicle finance, or any form of business equipment funding, Roar Financial is ready to help. We know our clients by name, not by file number, and we are committed to finding finance options that genuinely suit your situation. Book an appointment with our team today.
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Stay informed with the latest insights on asset finance, commercial equipment finance, and business lending. Roar Financial regularly shares practical information to help business owners across Tasmania and Australia make confident decisions about funding their growth.
