Buy the equipment your business needs and claim a tax deduction for the full amount for each asset.
- ✅ Funding for 100% of the purchase cost, including fees
- ✅ Finance for new and second-hand assets
- ✅ Equipment finance from $50,000 and up
Equipment finance allows you to obtain financing to purchase capital and business equipment such as machinery, trucks and vehicles. With AddCash, you can borrow 100% of the asset’s purchase price including any associated fees and government charges required to install or make the equipment ready to use.
Equipment finance is suitable for businesses that want to spread out repayments to ease cashflow and buy the tools necessary to increase productivity and grow the business.
When buying new business assets, using cash for 100% of the purchase can have a big impact on your cashflow.
Most businesses apply for equipment finance which requires cash upfront to cover costs such as GST, dealer delivery, stamp duty, registration, insurance, installation and accessories.
Another option is to attain equipment finance with AddCash - we cover all government and associated costs required to install or make the asset ready to use.
Instant asset write-off means you can invest in upgrading equipment or purchasing vehicles right now to help grow your business.The instant asset write-off is a once-off tax deduction that businesses can claim for the purchase of new or pre-owned business assets.
*Speak to your accountant to determine whether the asset is eligible
With AddCash, the instant asset write-off you receive will offset the associated finance cost in the first year.
In this example, Glenn owns a transport company with an annual turnover of $2.8 million. He's signed a new client and needs to purchase an additional truck which will cost $70,000 including fees and charges.
|2021 instant asset write-off
(tax rate of 27.5%)
|Finance cost for 12 months||$18,917|
|Establishment fee (once off)||$3,080|
Andrew Kelly from AddCash Finance providing an overview of equipment finance and the instant asset write-off.