Vehicle and Equipment Finance

Providing Vehicle Finance & Equipment Finance Broker Services for your Business

Contact Whiteroom Finance today for an obligation-free consultation.

What Our Customers Think:

Nick helped us every step of the way, finding us the best deal for our situation and walking us through the steps, offering guidance when required. The customer service was excellent and we have come out the other side much better off than prior to refinancing. Would highly recommend him if you want a quality, tailored solution for your home loan from someone with your interests genuinely at heart!

Shannon Wood

November 2023

Highly recommend Chris as an excellent broker and Vicki for the final stages of the settlement. They were able to sort out a complicated refinance for me and Chris kept in constant contact with me over the process which took a while.

Steve Incerti

November 2023

I cannot recommend enough the help and service. We have no idea of the processes involved and Kurtis has been more than willing to spare valuable time in guiding us.

Dianne Crisp

November 2023

Nick is amazing at what he does!
Financial stuff can be daunting but Nick made the journey through it all feel like a breeze.
Thank you Nick.

Elle Maxwell

November 2023

This is the second time Whiteroom Finance helped us in securing finance. Karl Baker was a great help both times. He is easy to communicate to, explains in simple English and is very proactive. It was a joy to have someone like Karl to help.

Singh K

September 2023

A huge shoutout to Chris and his team for going above and beyond to help us secure our family home. Their dedication and unwavering support made the process so smooth. Highly recommended!

Client Survey Feeback

August 2023

Most amazing team! we had such issues trying to receive a loan but Whiteroom Finance made it so easy and guided us throughout start to finish would highly recommend, was always there whenever we needed.

Sidoroska S

June 2023

Working with Chris and the team to refinance my mortgage was a smooth and easy process, highly recommend.

Kirk T

June 2023

Been working with Chris since 2016. Very professional and finds the best services to suit each loan, and is there every year to review it for you.

Passmore A

May 2023

Whiteroom Finance have been fantastic in helping my partner and I get our first home loan, and then our second, and they have also been a great help in refinancing these loans. They are professional and quick to respond to all of our emails (even after hours and on weekends). They listened to us and made sure to find suitable lenders that offered the home loan structures that we wanted. An enthusiastic 5 stars for these guys.

Pech A

May 2023

Great experience with Whiteroom Finance all the team is really helpful and supportive. Will be using them again!!

Ellery K

March 2023

Thank you for making the process so easy and as pain free as buying a house can be!

Client Survey Feedback

November 2022

Thank you very much to Chris White and his wife Vicki White from Whiteroom. With all of their hard work they made our goal possible. We are very excited the settlement went through today. Neil and I highly recommend their professionalism, knowledge and their dedication. We had a very awkward situation and Chris with his knowledge was able to reach our goals.

Neil & Kaliope C

September 2022

Chris and the team were able to simplify an unclutter the complex and intimidating process of buying our first home. They were readily accessible throughout the journey and we are ecstatic with the final outcome.

James L

August 2022

Thankyou for all your assistance through this journey, it's been a huge learning curve as a first home buyer, but I'm very thankful to have had your guidance throughout the process!

Dana S

November 2022

vehicle and equipment finance

Equipment Finance

Need some new equipment for your business? Perhaps you’re looking to replace or expand your vehicle fleet? No problem. Whiteroom Finance has access to a range of finance providers and can help you with the right equipment finance for your business.

Our team understands your business is unique and will work with you to find the best funding structure to suit your needs. We can help you with equipment financing options, including:

  • Chattel mortgage
  • Novated lease
  • Finance lease
  • Hire purchase
  • Operating lease and rentals

Financing your equipment purchases means you can preserve your cash for working capital and pay off the purchase in line with the asset’s depreciation term. In many cases, you won’t need to provide a deposit or additional security.

Your loan can be structured with seasonal payments, balloon/residual payments, and flexible repayment terms. We can help you coordinate insurance, settlement, and delivery of your new equipment. In some cases, we can even help you source the equipment through our network of contacts.

Company vehicle

Managing your Business Fleet

If you run a fleet of vehicles, your needs may be very different to someone purchasing standalone assets. Your assets might depreciate more quickly or need to be turned over more regularly to preserve their value.

The team at Whiteroom Finance can help manage this asset replacement program by tailoring a solution to meet your vehicle finance needs and your budget. Whiteroom Finance can even help you with insurance for your assets. Speak to Whiteroom Finance today about:

  • Insurance premium funding
  • Pre-approved funding
  • Master limit facilities
  • Fleet management


Whatever you are hoping to achieve with your business fleet, Whiteroom Finance can help.

Financial consultation

Vehicle and Equipment Finance F.A.Qs

What is business equipment financing?

Equipment finance is simply a loan specifically for the purchase of a vehicle or other equipment, secured by that asset rather than property. Equipment finance can also be known as a lease, hire purchase or chattel mortgage.


Most businesses need to acquire capital equipment in the normal course of operating. This equipment could include computers, vehicles, trucks and trailers or any other form of specialised equipment. Without equipment funding businesses would need to use their own cash for the purchase. The need to acquire equipment for many businesses occurs during periods of growth where cash can be stretched and paying thousands up front can be challenging.


Generally, the asset being purchased is the primary security for the loan, and the loan itself is structured in a way for repayments to align to that assets “useful life”.


When a lender provides equipment funding, the loan amount will generally be limited to the purchase price (including upgrades/ad-ons), though costs such as delivery and commissioning can at times also be funded. This means that the debt will not exceed the value of the asset, and deposits may not be required.


What can you finance? Almost anything that is uniquely identifiable, such as:

  • Cars, utes, trucks and trailers – and any other road registered vehicles.
  • Plant and equipment, including yellow goods, cranes, tankers, and drill rigs.
  • Forklifts, workbenches, and other workshop equipment.
  • Point-of-sale machines and payment processing software.
  • Commercial ovens, grills, and other commercial kitchen equipment.
  • Office furniture and chairs, including partitions and cubicles.
  • Software.
  • Appliances such as refrigerators, coffee machines and more.
  • Solar panels and HVAC systems

Why use an equipment finance broker?

An equipment finance broker works to deliver the best possible financial outcome for the business. With access to a range of financial providers, finance brokers can spread your business debt across several financiers, to reduce risk and help make sure your lenders are working as hard for you as possible.

Using a broker is not just about the cost of finance. Brokers are experienced in ‘bank speak’ and process, and spend their time exploring options among their lender panel, filling in forms and following decisions on your behalf, meaning you can get on with business as usual.

What do I need to consider for vehicle and equipment finance?

Do you need a lease, a hire purchase, or a chattel mortgage? What about a balloon or seasonal repayments?

The type of equipment finance you will need, it’s term, and its structure, will depend on your own business needs. A broker cannot provide advice as to whether you should enter one form of finance over another (e.g. a lease vs a chattel mortgage), this is a job for your accountant. A broker CAN however work with your accountant on your behalf to determine the appropriate course of action and deliver their finance advice accordingly.


Generally, a financier will fund up to 100% of the value of the asset being purchased, and sometimes more.
Whilst providing property security to support an equipment loan is an unusual requirement, a director’s guarantee and sometimes the guarantee of a separate company (e.g. where there is a separate trading entity) is very common. In fact, an equipment loan in a company name without a director’s guarantees is highly unusual, you should expect to provide your personal support for your company’s debt.

Time of Loan

Generally, the term of the loan will match the useful life of the equipment being financed, up to 7 years, but often shorter for older or more specialised assets.

Approval Time

The approval time for business equipment finance depends on who the business is working with and how quickly the business can provide the required financial information. Most equipment finance providers have a defined process and well attended credit process, this could result in approval within days, if not hours. More complex transactions can take a longer period of time though, so it is advisable to engage your broker as early as possible in the process.

Credit Worthiness

A sound history of meeting repayment obligations as and when they fall due, a strong financial results and management regime, a positive equity position in the balance sheet, and up to date statutory commitments (e.g. Tax) are all benchmarks of a strong credit worthiness profile and will provide you the greatest chance of approval on favourable terms.
There are lenders however who are more than happy to assist where things may not have gone to plan, where an asset being purchased is to generate future income, or where you are in a challenging stage of your business cycle. Talk to your broker about the various options available to you in whatever circumstances you find yourself.

Financial consultation

Finance Calculators

Contact Whiteroom Finance today.