EV Equipment Finance
Looking to Take The Next Step?
Take your business to the next level with EVCA’s EV equipment finance solutions.
Follow the leader.
We’re different from other EV companies.
We have partnered with industry leading equipment finance brokers that specialists in the field, and uniquely understand the in’s and out’s of the industry.
This helps us keep an active finger on the pulse on what’s going on, allowing us to provide the right EV equipment/software finance solutions for companies to scale up and grow.
Our finance partners have over 20 years of experience in the industry, $500 million worth of funds on loan annually and access to a pool of many leading Australian lenders.
We know what it takes to present your EV equipment finance application in the best light and quickly gain approval so you can start getting your equipment up and running as soon as possible.
Get us on site and we’ll go to work.
On Your Side
Our clients trust us as we go further. That means going beyond the traditional lenders in order to source a more competitive equipment finance option that better suits your needs and budget.
We also don’t keep bankers’ hours and are always happy to meet at your business or worksite at a time of your convenience to better understand your unique operation.
Possible Benefits For Your Business
Lower Upfront Costs: Asset finance allows businesses to spread the cost of EV charging infrastructure over a fixed term, making it more affordable and accessible. This means businesses can invest in EV charging infrastructure without tying up capital or taking on significant debt.
Improved Cash Flow: Asset finance can also help businesses manage their cash flow more effectively. Monthly payments for EV charging infrastructure can be structured to align with revenue streams, ensuring that businesses can comfortably manage their expenses.
Flexible Payment Options: Asset finance provides businesses with a range of payment options, including lease agreements, hire purchase agreements and operating leases. This means businesses can choose the option that best suits their needs and cash flow.
Tax Benefits: Asset finance for EV charging infrastructure may offer tax benefits, such as deductions for depreciation and interest expenses. This can help businesses reduce their tax liability and improve their bottom line.
Future-Proofing: Investing in EV charging infrastructure is a smart way to future-proof a business. As electric vehicles become more common, businesses that have already invested in EV charging infrastructure will be well-positioned to meet the needs of their customers and employees.
Environmental Benefits: Investing in EV charging infrastructure also has environmental benefits. By providing convenient and accessible charging options, businesses can encourage the use of electric vehicles, helping to reduce carbon emissions and improve air quality.
Frequently Asked Questions
What is equipment finance?
Equipment finance is the generic name for term loan facilities used to buy business assets. This could be electric vehicle equipment like chargers, software or any other equipment required by a business. Equipment finance can be used to purchase both new and used equipment, including items purchased as a private sale (not through a dealer).
How does equipment finance work?
In today’s environment, the majority of equipment finance is arranged through a loan known as a chattel mortgage. This is usually provided over a three to five-year term, with a fixed interest rate and fixed monthly repayment.
With the vast majority of equipment finance arrangements, the asset itself is the only dedicated security taken for the loan – although it generally also requires the personal guarantee of the business owner.
Businesses can either fully finance the asset or include an initial deposit to reduce the amount financed. They can also choose to fully pay off the asset over the term of the loan, or incorporate a residual (or balloon payment) where an asset has a longer effective life than the term of the loan.
What are the benefits of equipment finance?
Equipment finance is often a far better alternative for companies than paying cash or using other finance such as overdrafts or mortgage secured redraw facilities, which are best retained for working capital purposes.