Our Services

 
 
No matter what type of loan you need, our North Queensland finance specialists can source the most cost-effective finance, tailored to your specific needs. Our team at RLA Finance Australia will handle all the details on your behalf, saving you time, money and hassle.
 
 
 
 
We will take the hassle out of acquiring equipment financing for:
 
 
  • Vehicles
    Cars, wagons, vans, utes & 4WD
  • Transport
    Trucks, buses, trailers, dollies, forklifts
  • Earthmoving / Mining
    Backhoes, loaders, dump trucks
  • Laser Levelling
    Tractors, scoops, GPS / survey
  • Farming / Grazing / Rural
    Tractors, implements, irrigators, harvesters, portable shed
  • Agricultural Contractors
    Harvesters & associated equipment
  • Other Rural
    Portable shed, livestock, processing / grading plant
 
 
 
  • Professional
    Medical, dental & chiropractic equipment
  • Office
    Computers & office equipment, security & shop fitouts, furniture etc.
  • Refrigeration
    Air conditioning, coldrooms, cabinets etc.
  • Auto Repair
    Spray booths, balancers, alignment, diagnostic
  • Aircraft
    Rotary and fixed wing
  • Portable Demountable Buildings
    All types
  • Industrial
    All engineering / fabrication equipment
 
 
 
 
EQUIPMENT MAINTENANCE
 
Equipment Finance, also known as Asset Finance, is a commonly used business finance product to fund growth. Here is a brief summary of some the information you need to know about Equipment Finance.
 
 
The Benefits:
 
  • Preserve your working capital by avoiding large outlays for equipment/asset purchases.
  • The asset is the primary security on your loan.
  • Your repayments can be structured to suit your individual needs.
  • In some cases there may be considerable tax advantages for your business*
 
Your Options:
 
There are four main Equipment Finance Facilities:
 
  • Chattel Mortgage (also known as Equipment Loan, Commercial Loan, Goods Mortgage, Asset Mortgage / Loan, Specific Security Agreement);
  • Commercial Hire Purchase;
  • Finance Lease and
  • Rental/Operating Lease
 
 
 
The Features:
 
  • The majority of depreciable assets can be financed.
  • Interest rate & monthly repayments are fixed for the life of the loan.
  • Different finance facilities mean that the right loan can be found to suit your business.
 
 
 
 
We will take the hassle out of acquiring equipment financing for:
 
 
 
Chattel MortgageCommercial Hire PurchaseLeaseRental
How does it work?The financier funds the purchase of your asset. You repay the financier via your repayments.The financier purchases the asset and you buy it over the loan term via your repayments.The financier purchases the asset and you rent it for an agreed period via your repayments.The financier purchases the asset and you rent it for an agreed period via your repayments.
Who owns the asset?You do from the start.The financier does until you fully repay the loan, including any applicable balloon.The financier does and you simply lease it from them until the end of your contract where you purchase it for a pre-agreed price (the Residual Value).The financier does and you simply rent it from them.
Can I make a deposit on the finance price?Yes, you can if you choose to, but in most cases it isn't required.Yes, you can if you choose to, but in most cases it isn't required.No, not with this facility.No, not with this facility.
Can I have a balloon / residual?Yes, you can if you choose to.Yes, you can if you choose to.Yes, all Leases must have a Residual Value. This value is a pre-determined (by the ATO) percentage of the original amount financed which varies depending on the asset.Yes, all rentals must have a Residual Value.
What happens at the end of the loan?Once all repayments & any applicable balloon payments have been made, you own the goods outright and no longer have any financier security held over them!Once all repayments & any applicable balloon payments have been made, you've purchase the goods from the lender and now own them outright.You have several options; You may purchase the goods from the financier for the pre-determined Residual Value or the Residual maybe refinanced into a new loan.You may choose to re-rent the goods, return the goods to the financier or replace the goods, thereby entering a new contract.
Is the interest rate fixed?Yes - for the life of the facility.Yes - for the life of the facility.Yes - for the life of the facility.Yes - for the life of the facility.
Are the repayments fixed?Yes - for the life of the facility.Yes - for the life of the facility.Yes - for the life of the facility.Yes - for the life of the facility.
How is GST applied to the finance?The GST inclusive amount can be financed if you wish. No GST is paid on the repayments.The GST inclusive amount can be financed if you wish. In addition, as of 1st July 2012, GST is levied on the terms/interest charges and all fees (in addition to the GST applicable for the sale of the goods).The GST exclusive amount is financed. GST is paid on monthly repayments.The GST exclusive amount is financed. GST is paid on monthly repayments.
Can I claim the GST on my next BAS?It's generally claimable however this point must be discussed to your accountant to determine a case by case eligibility.It's generally claimable however this point must be discussed to your accountant to determine a case by case eligibility.The GST on your monthly repayments is claimable over the life of the facility.The GST on your monthly repayments is claimable over the life of the facility.
Are there tax benefits?In most cases there may be a tax deduction for your depreciation & interest.

However you must discuss this with your accountant!
In most cases there may be a tax deduction for your depreciation & interest.

However you must discuss this with your accountant!
In most cases the monthly repayments are generally tax deductible.

However you must discuss this with your accountant!
In most cases the monthly repayments are generally tax deductible.

However you must discuss this with your accountant!
 
 
* In your best interests, we always recommend that you consult your independent accountant or advisor regarding any financial or taxation matter.