Top three tips for saving money on Equipment Finance

ONE:

Use an experienced business finance broker who can prove strong working relationships with a range of banks and specialist lenders. Ensure they are not just an agent for one lender and can pinpoint financiers supportive of your industry.

TWO:

Make sure your finance broker takes time to understand your business – its history, future plans, objectives – and how the proposed equipment will impact the business. This indicates the care and commitment to packaging your loan application and may mean the difference between getting finance at the right price or going back to the drawing board.

THREE:

Ask your finance broker for an overview of competitive product offerings from a number of lenders. An experienced finance broker with good product knowledge who understands current market conditions is in the strongest position to negotiate a better finance deal on your behalf. 

Saving money on your equipment finance doesn’t need to be difficult, you just need to know who to ask. Start here.

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THE FINEPRINT: The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. While all care and attention are taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances.

Green Finance Group Pty Ltd ACN 145 035 221 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192.

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Meet the Author

"While my extensive industry experience covers all areas of banking, loans and leasing – commercial, equipment and residential – my business finance specialties are the broader hospitality, accommodation and childcare industries."

Daniel Green

Director
  • Commercial Finance, Equipment Finance, Home Finance

Fortitude Valley, Brisbane

Australia's leading hospitality, accommodation and childcare finance specialist and winner of Australian Broker of the Year 2022.

Prior to establishing GFG in 2010, I occupied senior management roles in some of Australia's leading financial institutions including Commonwealth Bank of Australia, Suncorp, Bankwest and Westpac.