When you need equipment, a vehicle, or other essential assets but don’t want to use your working capital or personal savings, asset finance is a smart and flexible solution. It’s a way to acquire what you need now without the upfront cost.
For individuals and businesses alike, asset finance can be the key to staying competitive, keeping cash flow healthy, and avoiding delays in growth. But what exactly is asset finance, and how does it work?
Here’s what you need to know.
What is Asset Finance?
Asset finance is a type of lending that allows you to obtain equipment, vehicles, or other physical assets without having to pay the full cost upfront. Instead, you borrow money to purchase or lease the asset and repay it over time, usually in fixed monthly instalments.
There are different types of asset finance, each designed to suit different needs:
- Chattel Mortgage: You own the asset from day one, and the lender uses it as security until the loan is repaid.
- Finance Lease: The lender owns the asset and leases it to you for a set period. At the end of the lease, you may have the option to buy it.
- Operating Lease: Similar to a rental. You use the asset for a period but return it at the end of the term.
- Hire Purchase: You hire the asset with an option to buy it at the end of the agreement.
Each of these options has unique tax, ownership, and repayment implications. On Road Finance helps customers across Australia choose the best structure for their needs.
Who Is Asset Finance For?
Asset finance is widely used by:
- Individuals looking to buy a personal or work vehicle
- Small businesses needing equipment without large capital outlays
- Tradespeople requiring utes, vans, or tools financed through their ABN
- Large companies upgrading fleets or commercial machinery
Whether you’re a sole trader or running a growing operation, asset finance helps spread costs over time while keeping your cash free for other needs.
What Can Be Financed?
Asset finance can be used for a wide range of items, including:
- Cars, utes, and trucks
- Trailers and caravans
- Machinery and tools
- IT equipment and office technology
- Agricultural and construction equipment
At On Road Finance, we specialise in vehicle finance and have helped thousands of Australians secure funding for cars, vans, and business vehicles — all online, without unnecessary delays.
How Does the Process Work?
Working with an experienced finance broker like On Road Finance makes the process simple and stress-free. Here’s how it usually works:
- Assessment – We review your needs, financial situation, and business structure (if applicable).
- Lender Match – We compare options from leading asset finance providers to find the best rates and terms.
- Application – We assist with the paperwork, documents, and application submission.
- Approval – Fast turnaround is our focus. Many approvals happen within 24–48 hours.
- Settlement – Funds are released and you take possession of the asset.
We handle the hard part so you can stay focused on your goals.
Why Choose On Road Finance?
With over 7 years of industry experience, On Road Finance has earned a reputation for high-quality service, competitive rates, and fast results. As a fully online finance brokerage based in Sydney, we work with clients throughout Australia to secure tailored finance solutions.
Our close relationships with major lenders allow us to find deals that are often better than what individuals can access directly through a bank. We’re also on your side — not the lender’s — which means we’re focused on finding the right solution for your needs.
Get Started Today
Asset finance is a powerful tool when used correctly. Whether you’re buying a new car, upgrading equipment, or planning for business growth, On Road Finance is here to help you move forward with confidence.
Visit onroadfinance.com.au or email joseph@onroadfinance.com.au to learn more or go straight to our contact page to speak with a finance expert today.