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Finance that gets you moving

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Financing your new business assets comes with a myriad of tangible benefits. These tips may help your business not only survive - but thrive.

Liz Barrett

Senior Content Producer

Every building professional knows that running a business isn’t easy or cheap! It costs more than time and money combined. You need to have skills, many beyond the tools and an endless amount of perseverance, especially as your business grows. 
But as your business expands, what if you could free up your finances and make the most of the assets you need?

HIA have partnered with Stratton Finance in HIA Vehicles to provide members access to a whole range of loan options. We talked to Stratton’s Toby Simmons about how they have helped countless business owners make their cash flow flexible.

1. Maintain your cash flow

Purchasing equipment for your business upfront can cause huge fluctuations to your budget and leave you with cash flow issues - at the very least! However, when you finance your new equipment, you know exactly how much you’re paying each month, which allows for easy budget predictions and helps you maintain a consistent cash flow.

Toby explains, ‘Unreliable cash flow is the biggest obstacle that business owners face. But for Builders, this applies more than most. The building and construction industry experience the longest payment delays of any industry globally, which means their cash flow already hangs in a precarious balance. By removing the upfront costs of purchase by financing your equipment, you can free up your finances for more important things, and in these uncertain times, create some certainty around your funds.’
2. Rely on your working capital

Particularly for small and medium-sized businesses, paying for equipment upfront can be a big risk. It leaves you with little capital, and should any unexpected expenses hit your business, without enough working capital - it might be disastrous. 

‘Face it, running a business is stressful enough as it is. The last thing you need is to add to the pressure by running your capital down. Having it there to fall back on means you can rest easy,’ says Toby.

Opting to finance lets you keep your capital in the bank, giving you peace of mind to know that if anything happens, you have the financial means to work through it.

3. Finance solutions to meet your needs

Depending on your particular needs, you have the freedom to choose from several different types of equipment financing, including asset leasing, chattel mortgages, equipment rental and cash flow funding.

‘Before you start, there are a few questions you need to know the answers to so you are matched with the right type of financing,’ Toby makes clear. ‘Make sure you know if the item is an additional or replacement item. Which brand and model type you want and need, and why. If you are purchasing new or are considering used or refurbished equipment. Lastly, how often you will use the equipment? Will it be required every day, intermittently, or maybe seasonally? Once you know this, a real expert can help you – and fast.’

Toby recommends you take the time upfront to do your research on the equipment you need. Knowing what you want and why will really pay off to speed up the approval process.
4. Tax benefits

‘One of the most commonly overlooked advantages of financing equipment is the tax benefits, some of which can be ongoing for the life of the item,’ reveals Toby. 

Each of the equipment financing types mentioned above comes with its own taxation benefits. The majority of businesses may be able to claim things like depreciation and interest paid, plus other potential deductions on the repayments themselves. 

A qualified accountant will explain what you’re able to claim specifically and advise you on what you can purchase that will reduce your taxation outgoings.

5. Quick and easy approval

The sooner you get new equipment, the sooner your business can increase its output - perhaps exponentially so. ‘Big ticket items like new vehicles or machinery can really change the way a business works. Knowing you have the finance available can really help speed up the entire purchase process and get your business moving faster,’ adds Toby.

Getting funds is easy when you choose to work with Stratton Finance and HIA Vehicles. The process is not only super-straightforward but also lightning fast. The team can give you a free quote for your equipment finance in as little as 60 seconds. You can apply in around five minutes, and get approved and sign the contract in 24 hours in most cases. Best of all, you’re approved and can buy your new equipment in record time, to your door, with a full tank of petrol - giving your business the means to really thrive.

For more information or to speak to our team of finance experts about which type of equipment financing would work best for your business, call 1300 650 776 or message HIA Vehicles online, and you’ll hear back shortly.


Nothing in this article should be assumed as personal advice. You should consider whether the information is appropriate to your needs, and where appropriate, seek advice from a professional financial adviser.

Asset finance, sourcing and other services are provided by Stratton Finance Pty Ltd ABN 63 070 636 903 (Australian Credit Licence 364340 ) (Stratton Finance). HIA Vehicles is a registered trading name and business name of Housing Industry Association Limited ACN 004 631 752, and Stratton Finance is licensed to use such name and other trademarks.

Housing Industry Association Limited ACN 004 631 752 may receive a financial benefit, including commission from Stratton Finance for this finance referral. The amount is not known at this time however we do not charge you a fee for this referral.

HIA Vehicles have no influence on Stratton Finance’s lending decisions and vehicle sourcing is independent of any application for credit. No part of this document is to be construed as an offer by anyone capable of acceptance or as a solicitation to obtain a financial product. The information is not an expression of opinion or recommendation and does not constitute financial, accounting, taxation, general or personal advice and should not be relied upon as such. Before acting on any information on this website, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice. All applications are subject to the satisfaction of approval criteria. Terms, conditions, fees and charges apply.