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Asset Finance: Basics

Asset finance is an investment that businesses acquire to attain high-value equipment or assets that are supposedly essential for the growth of the business in the respective market. It is a practice of borrowing funds or loans by using a company’s investments or balance sheet assets as a security.  

Most of the time, entrepreneurs and small businesses stop growing beyond a certain point, even though the potential is there. Sometimes it is the lack of opportunities that become the key hurdle, but most of the time, it’s the lack of funds required to purchase the equipment that can help it grow. Asset finance is both that opportunity and support that can be used by any organization in need of that financial assistance that can help with that additional push.

Whatever the size of your business, asset finance can offer significant benefits when it comes to your borrowing needs. When you need to keep tight control over your cash-flow and working capital, asset finance offers advantages for sourcing new equipment.

The key benefits of choosing asset finance for your organisation include:

Minimise ownership risk: Remove the risk of how much value remains in the asset at the end of the contract.

Delivers funds efficiently: The security contained within the asset can result in prompt turnaround of credit applications.

Eliminate uncertainty: Fixing the rental costs and payable interest for the duration of the contract helps your business plan for the future by eliminating uncertainty and costly surprises.

Cut wasted spending: The rentals reflect usage of an asset for a portion of its usable life – this is an important value added benefit where you expect to use it for part of the asset life.

Lack of Debt: Making use of asset finance allows you to keep your organisation’s borrowing options open.

Stronger Cash Flow: Small, regular lease payments free up your cash flow. This enables your organisation to adapt more easily to changing business conditions.

Clear Budget Management: Paying a fixed monthly amount over a defined period of time makes for more straight-forward budget management and financial planning.

We can help you identify the next step towards obtaining asset finance. It could be a complete overhaul of your technology infrastructure, a few extra vans, a company car, or new plant and machinery.

Our team of financial experts aim to aid you in source the funding your business needs, every step of the way. Highly experienced and always approachable, we pride ourselves on our knowledge of the market and levels of customer service in which we offer our clients.

If you want to learn more about our finance packages, call us today on 03 8838 8726.

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Siraj Ahmed
Siraj Ahmed
2020-11-18
Verified review
Excellent service. Got us a great loan option and also worked with the bank to get the loan approved during the heights of COVID.
Dhruv Satra
Dhruv Satra
2020-11-18
Verified review
Malaka Ekanayake
Malaka Ekanayake
2020-11-10
Verified review
We have had a very pleasant experience working with Opulent Finance. We did not have that much experience with house loans as we were first home buyers but working with Opulent  Finance team specially with Ishara, made that experience stress free one. She helped us secure an incredibly competitive interest rate and offered her guidance so we can take advantage of the future interest rate drop. Thank you Ishara, Dayan and team for your incredible support and we have no hesitation what so ever in recommending Opulent Finance for your financial needs
Uma Gunaratne
Uma Gunaratne
2020-11-04
Verified review
Ishara is highly knowledgeable and if you are a first home buyer and new to the intricacies of all that home loans entail, she will really take you under her wing and impart her knowledge and experience and treat you as one of her own. She is also extremely patient but will also be very truthful and upfront in situations which is honestly what you need. She did a very complicated loan for us, and was so incredible efficient and organised with all the paperwork that was required. Not only that, she helped us secure an incredibly competitive interest rate! Ishara has probably spent hours and hours explaining to me details and giving me really good guidance through this momentous period in life! During the cooling off period and settlement, she was constantly chasing up our loan and honestly took a personal interest in the outcome. Our solicitor was also very happy about working with Ishara as she was following the entire process, was always up to date and very easy to work with. Considering that our entire process happened during the covid-19 lock-down and work from home environment, we have nothing but good things to say about how professional Ishara was as she didn't let a single thing slip. We are so glad that we have both Ishara and Dayan in our corner. We will definitely be using them for all future financing needs. Thank you Ishara, Dayan and team!
Harsha Ill
Harsha Ill
2020-10-11
Verified review
Opulent Finance gave professional advice for my unique home loan requirement. They respond quickly with the proper information. The process was smooth and I felt comfortable to deal with the team. The team is friendly and professional to deal with. Highly recommended for any one looking for finance.
S P
S P
2020-09-22
Verified review
I have been dealing with Ishara at Opulent Finance for over 6 months now and she has been faultless. She has helped me secure a loan pre-approval in no time and assisted me with my property purchases. I could not recommend Ishara highly enough.
Afshin Koohestani
Afshin Koohestani
2020-09-22
Verified review
Good service and offers.
Janaka Kumara
Janaka Kumara
2020-08-22
Verified review
A big shout out to Dayan and his team for the seamless service provided during the refinancing process. Thoroughly professional team that pays attention to every detail and has been extremely transparent throughout the process. A team that always has the best interest of clients in mind and makes all efforts to provide the right advise and outcomes to the clients. Highly recommended!
Rakesh Mistry
Rakesh Mistry
2020-08-19
Verified review
They called me back with solution
Indra Jaya
Indra Jaya
2020-08-12
Verified review