Yellow Goods Finance for Your Business
- Written by Daily Bulletin
Heavy equipment does difficult jobs without the need for much manpower. Heavy equipment financing helps business operations without pressuring monthly expenses. When you don’t have the funds to purchase heavy equipment, help with finance can boost your business and help it function at full potential. With yellow goods finance, you can purchase new or pre-owned equipment, rent it, or even lease it at competitive rates of interest.
Benefits of heavy equipment finance.
Heavy equipment financing or yellow goods finance helps a business manage equipment costs in instalments instead of making high upfront payments. With equipment financing, you can protect the ownership of your assets and continue your business operations without the pressure of monthly expenses. You can claim tax benefits on monthly leases or rental instalments. Equipment finance allows you to fix long-term lease options and secure your investment against price rises. Thus, you can focus on growing your business, enhancing productivity, and increasing revenue.
Excavator financing.
Earthmoving equipment is essential for creating a safe and efficient workspace in your warehouse or retail space. Earthmoving, material handling, and construction equipment make it easy to move products, organise and store them without much manpower. Here is some heavy equipment that can help you grow your business and generate more income:
Earthmoving equipment.
Bobcats can load goods and move them from place to place. Bobcats can dig, lift, and mould landscapes. They can be used in both soft, grassy areas and hard, rocky areas. Excavators can dredge, demolish, trench and do earthmoving. They are like mechanised shovels with a rotating platform containing a bucket, boom, dipper, and cab. Loaders are designed to dig, landscape, and move large amounts of earth. They also have attachments for drilling, ripping and loosening material.
Material handling equipment.
Forklifts can lift pallets and other objects and move them around in a retail store or warehouse. During moving products remain on pallets and can be easily lifted to industrial shelving for storage.
Construction equipment.
Cranes are used to hoist and move materials on a construction site. Various crane types are available, and they require limited manpower to quickly and safely lift heavy objects from place to place.
Finance options for yellow goods:
Chattel Mortgage provides ownership of equipment upon purchase rather than at the end of the agreement period. It offers finance at low rates of interest which can be used as a taxable offset. This type of loan suits many businesses as it has flexible terms.
Hire Purchase is where a lender purchases equipment on your behalf and then rents it to you. You can choose to purchase it at the end of the loan term.
Lease is where a lender purchases the equipment and leases it to you. Your lease instalments are deducted from the original amount, and you pay a lower amount if you decide to purchase the equipment at the end of the lease period.
Low Doc Loans are designed for those who have issues proving their capacity to repay the loan. They require little or no documentation.
Daily Bulletin
