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:

Absolute pleasure dealing with Chris and his team! After being run around by the banks and getting no help went to Chris for advice and help. He made it easy and very relaxing by having it well presented to understand what you’re signing up for, would recommend to anyone looking to refinance or borrow.

Luke P

February 2022

Chris, Steve and Vicki have been absolutely fabulous in helping us refinance to include a construction loan for our renovations. Going the extra mile to get us over the line in the end. We would absolutely recommend them and look forward to continuing to work with then in the future. Thanks guys!

Michelle T

January 2022

Just refinanced through Whiteroom and was very impressed with their service and level of knowledge. Whiteroom had access to a great deal and ensured the process was smooth and quick. They were informative all the way through and nothing was ever an issue. Would highly recommend them for anyone looking to obtain a loan or refinance.

Jessica W

August 2021

Had a great experience dealing with Chris and the team and Whiteroom Finance. They are very easy to deal with and their expert guidance throughout the process made everything run so smoothly. Highly recommend.

Angela C

November 2021

Chris, Stephen and Vicki were so helpful! Nothing was too much trouble! Very happy with the outcome and real world solutions.

Daniel L

January 2022

Chris is so friendly and approachable with a calm and professional manner that makes you feel at east and in good hands.

Client survey response

December 2021

Chris is fantastic, so knowledgeable, and helpful. No matter how busy Chris is he will make time for you. Couldn’t recommend him highly enough.

Amy B

February 2021

Just wanted to say a big thank you for your assistance over the years to help us get a metro home! Our new home is absolutely amazing and although rather chaotic right now, we’re super happy.

Rhiannon & Ian

September 2021

Do you need fleet finance? Or any finance for that matter? We highly recommend Chris and his team at Whiteroom Finance. Efficient, easy to work with and they will get you THE best deal.


September 2021

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

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

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.

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.