At Lowe Finance we can provide funding for any type of commercial equipment and have the products and knowledge to maximise your taxation benefits.
Whether it’s a truck, a forklift, IT equipment, agricultural machinery, or any other type of yellow goods or business equipment, Lowe Finance has a tax effective solution for you to acquire that asset and make it work for you.
The benefits of financing equipment through your business include:
Free Up Working Capital
Freeing up your working capital to re-invest into your business rather than spending it on a depreciating asset.
Tax Deductibility
Using a Finance Lease will, in many cases, enable 100% of lease payments to be tax deductible.
GST Benefits
Using a Chattel Mortgage or Commercial Hire Purchase will enable the business to claim back the GST component of the purchase price of the item of equipment.
Tax Deductions
Depreciation on the asset and interest payments can be claimed as a tax deduction for the business (as a percentage of business use) if goods are financed through a Chattel Mortgage or Commercial Hire Purchase.