Finance Options
Spartan Machinery Finance Options to Meet Our Clients' Business Needs
We know that everyone’s financial situation is different, that’s why we offer personalised financial options to all our customers to make your equipment purchase and financing simple and stress free.
- Competitive interest rates
- Low doc financing options
- Quick approvals
- Flexible terms
Finance Application Form
Frequently Asked Questions
Heavy machinery finance is a type of business loan designed to help you purchase equipment such as excavators, loaders, and earthmoving machinery without paying the full cost upfront. Instead, you make regular repayments over an agreed term while using the equipment to generate income. Depending on the lender, the machinery itself often acts as security for the loan, making approval faster and more accessible for many businesses.
Yes, most lenders offer finance options for both new and used heavy equipment, including excavators. Approval typically depends on the age, condition, and value of the machinery, as well as your business’s financial position. Financing used equipment can be a cost-effective way to expand your fleet while preserving cash flow.
Deposit requirements can vary, but many lenders offer low-deposit or even no-deposit options for qualified applicants. Factors such as your credit history, business stability, and the type of machinery being financed will influence the terms. In some cases, providing a deposit can help reduce your monthly repayments or improve approval chances.
Repayment terms for heavy machinery finance typically range from 2 to 7 years, depending on the type of equipment and your financial situation. Longer terms can reduce monthly repayments, while shorter terms may lower the total interest paid. A finance broker can help tailor a repayment plan that suits your cash flow and business goals.
The choice between leasing and buying depends on your business needs and financial strategy. Leasing can offer lower upfront costs and flexibility to upgrade equipment, while buying (via finance) allows you to own the asset and build equity. Many businesses prefer financing when they plan to use the equipment long-term and want to maximise tax benefits.
