Do you want to purchase golf equipment but you don’t have the money to pay immediately? You can still get the equipment and pay later. We provide equipment finance services that let you buy any equipment you may have in mind. The terms of our equipment finance are very favourable, and financial products are available for both commercial and personal purchases.
As a business owner, the importance of having the latest and work-effective equipment and technology readily at your disposal can not be overemphasized. The same thing can be said of a golfer. Having the relevant tools at your disposal will lead to you winning more on the golf course and where it is commercial golf equipment, it ensures the smooth running of your golf course. There are all kinds of equipment that you may need on your golf course, from golf carts to sprayers.
We understand that getting the right golfing equipment for your business is not without its challenges because, most times, this equipment usually cost a fortune to acquire. Whether you established or just a start-up, buying this sophisticated equipment that best suit your business productivity will eat deep into your capital.
Are you a start-up and need to purchase work-effective equipment for your business? Or does your well-established business need to buy new golfing equipment? It would be best if you considered taking advantage of the various equipment financing schemes on offer at Golf Equipment Deals to acquire the required equipment.
Equipment financing, just like other forms of finance, provides you with the necessary capital for the purchase of your equipment.
Equipment finance is essential for any business, regardless of whether you are running a small scale business or a big company. There is a need for your business to acquire the best of equipment to execute various tasks successfully. When you get your equipment financed, it allows you to maintain your cash flow and your operating capital.
Types of Equipment Financing
There are quite a number of equipment financing options that are readily available for you. It would be best if you are careful when choosing an equipment finance model, and you must take into consideration your financial situation.
Here are some of the models you can choose from
Commercial Hire Purchase
If you engage in commercial hire purchase, once you complete the payment of the financing company, the equipment will become yours. Until you complete the payment, the equipment still belongs to the financing company, and as such, when you default in payment, the financing company has the right to repossess the equipment.
This is similar to the commercial hire purchase arrangement only that the lender will remain the owner of the equipment and lease it for an agreed period. In this arrangement, it is left to both parties to decide on whether to insert an option to buy clause.
In this type of financing arrangement, you can use your equipment as security for a mortgage.
In a novated lease, you give you lease of the equipment to your employees while you make the lease payment. This payment is made possible by deducting from your employee’s pre-tax income.
Before you apply for any of these financing models, you should seek the advice of either your accountant or consult a broker whose niche is in equipment financing.
Before you can be granted equipment finance, the lender will take into account the following;
- The financing company will consider your company’s cash flow and how constant you make a profit.
- The lender will assess how risky your business is before granting the equipment finance loan.
- The financing company will also examine your income to debt ratio.
- The type of equipment which you are using is also a factor to be considered.
- Your business experience is of importance as it will determine whether you deserve the financing loan.
A right equipment financing plan comes with several benefits. If you want to fuel rapid growth in your business, you should look for means to tap into an equipment finance plan. Some of the benefits of a good equipment finance scheme are:
Safety Net for Budget Planning
When you buy your expensive equipment out rightly, it will affect your running cost, which will ultimately harm your budget. Equipment financing will help organize your expense by creating a consistent cash flow without affecting your existing budget.
Lower Monthly Repayment
In Australia, many financing companies are flexible with their repayment plan. Most financing companies take into consideration that equipment might not be able to much profit in some months. When such occurs, they allow lower repayment for that month.
Opportunity to get the Advance Technology
Hardly will you see small scale businesses boast of the latest equipment because of the high price of such equipment is way over their budget. Taking an equipment finance loan will be of great benefit to such small scale business. With this, they will be able to afford the latest technology which due to their budget constraint will ordinarily not be able to afford.
The interest in equipment financing is usually fixed, and it does not require any physical asset. However, you should exercise due care when considering a plan that works best for you because the method you choose will influence your influence rate.
Finally, regardless of whether you are purchasing a piece of sophisticated equipment or simple golfing instruments, getting a perfect financing plan should be your goal. This will allow you to purchase such equipment.
You can count on us to get you the best financial products that will cater to your equipment needs. At Golf Equipment Deals, we are committed to assisting our clients by connecting them to the right lenders and supplying them with the best equipment.
DISCLAIMER. THIS INFORMATION IS ONLY AVAILABLE AS A GENERAL GUIDE ON THE GOVERNMENT POLICIES. IT IS DERIVED FROM THE OFFICIAL AUSTRALIAN GOVERNMENT SOURCES. WE DO NOT BEAR ANY RESPONSIBILITY FOR THE COMMENTARY AND ANALYSIS OF THIS PUBLIC DOMAIN INFORMATION NOR ANY LIABILITY FOR HOW THE FACTS ARE INTERPRETED. IT IS RECOMMENDED THAT YOU SPEAK WITH AN ACCOUNTANT OR FINANCIAL ADVISOR TO GET PRECISE INFORMATION AND ADVICE ON YOUR SITUATION.