Southern Tool + Equipment Co.Finance

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Southern Tool + Equipment Co. are affiliated with Moody Kiddell & Partners.
For more information on their equipment finance loans visit their website http://www.mkpfinance.com.au
If you would like to get instant Credit approval click here.

#Note: Calculator functions up to amounts of ...
             $219,999.00 for Finance Lease
             $199,999.00 for Commercial Loan
             $199,999.00 for Chattel Mortgage
#Note: This information is provided as an illustration only and does not under any circumstances constitute a quote from Southern Tool + Equipment Co. The amount calculated as being payable does not include any provision for stamp duty which will vary depending upon which jurisdiction the agreement is executed in and the type of agreement that is executed. As this is only a guide, it is suggested that you contact one of Southern Tool + Equipment Co finance experts for confirmation of the repayment amount. Southern Tool + Equipment Co does not accept any responsibility at all for persons who rely on the amount calculated to be paid on a monthly basis.
Finance Lease

A Finance Lease is a contract where the Financier purchases the equipment and leases to you for an agreed term and rental. A Lease lets you choose equipment for your business without ownership commitments. The equipment is owned by the finance company and while you don't automatically have the option to buy at the end of the term, they may consider your offer to purchase at the residual value.

 

Key Features

  • 100% of financing
  • GST is not included in the amount financed but paid and claimed by the financier
  • Total Monthly Repayments are fully tax deductible
  • The Residual Value is fixed and is agreed between the financier and you and is subject to Australian Taxation Office guidelines
  • Payments may be structured – including irregular or seasonal payments
  • Finance term up to 5 years
  • Structure and term generally matched to meet useful life of the asset
  • Rentals are fixed for the life of the lease
  • The rentals and the residual value attract GST

 

Key Benefits

  • Preserves working capital
  • Rentals are tax deductible
  • Fixed payments means cash flow is easy to manage

  • To ensure suitability of this type of finance, confirmation should be sought from your accountant or financial advisor

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Which Finance Product Suit you best?
Commercial Hire Purchase
Chattel Mortgage
Finance Lease
Commercial Hire Purchase

The Commercial Hire Purchase also known as Asset Purchase is a contract where the Financier gives you possession and use of an item of equipment in return for regular payments. When the final payment is made, the hirer owns the goods.

Key Features

  • Up to 100% financing (Including GST)
  • Business registered for GST using the Accruals method of Accounting may be able to claim 100% of the Input Tax Credit in the Business Activity Statement (BAS) following purchase
  • Full Ownership of equipment upon final payment
  • Payments may be structured – including irregular or seasonal payments
  • Finance term up to 5 years
  • Payments and Interest fixed for the life of the loan
  • Equity in the equipment increases with each payment
  • Balloon payment at end of term may be structured to lower monthly repayments

Key Benefits

  • Preserves working capital
  • The GST refund may be used to increase working capital, reduce the amount of the loan or offset your current GST liability for businesses using the Accruals method of accounting
  • Builds equity in the equipment and your business
  • Fixed payments means cash flow is easy to manage
  • Interest and Depreciation are tax deductible
    To ensure suitability of this type of finance, confirmation should be sought from your accountant or financial advisor.
Chattel Mortgage

The Chattel Mortgage also known as Goods Mortgage has gained substantial popularity with small to medium businesses since the implementation of the GST. A Chattel Mortgage is similar to a regular mortgage; you own and use the equipment with a mortgage over the goods until the loan is repaid. For those businesses registered for GST that are on a cash basis accounting you should be able to claim the entire up front GST on the transaction as an Imputation Taxation Credit (ITC) in the next BAS submission. To ensure eligibility confirmation should be sought from your accountant or financial advisor.

Key Features

  • Up to 100% financing (Including GST)
  • Business registered for GST can claim 100% of the Input Tax Credit in the Business Activity Statement (BAS) following purchase
  • Full Ownership of equipment – the equipment is the security
  • Payments may be structured – including irregular or seasonal payments
  • Finance term up to 5 years
  • Payments and Interest fixed for the life of the transaction
  • Available for new or used equipment
  • Equity in the equipment increases with each payment
  • GST not applicable on monthly instalments or final balloon
  • Balloon payment at end of term may be structured to lower monthly repayments

Key Benefits

  • Preserves working capital
  • The GST refund may be used to increase working capital, reduce the amount of the loan or offset your current GST liability
  • Builds equity in the equipment and your business
  • Fixed payments means cash flow is easy to manage
  • Interest and Depreciation are tax deductible
    To ensure suitability of this type of finance, confirmation should be sought from your accountant or financial advisor