PROFESSIONAL EQUIPMENT FINANCE FOR AUSTRALIAN BUSINESSES & INDUSTRY

Every business relies on the right tools to keep moving forward. At SMA Finance in Tasmania, we make it possible for businesses of all sizes around Australia to access affordable equipment finance tailored to their cash flow. Whether you need vehicles, trucks, machinery, IT equipment, or specialised tools, our finance solutions help you preserve capital while gaining the assets you need to grow.

From small family businesses to large enterprises, SMA has decades of experience delivering finance that works. With access to all major lenders and the ability to structure repayments around your business cycle, we ensure you get not just the right deal, but the best possible terms.

A commercial loan, also known as a chattel mortgage, allows you to take ownership of the equipment immediately, while the lender secures the loan against the asset.

Key Features:

• Immediate ownership of the equipment
• Flexible repayment terms (12–84 months)
• Balloon payments are available but not mandatory
• 100% financing is possible with minimal capital outlay
• Potential tax benefits through depreciation and interest deductions
• Fixed interest rates throughout the loan

Benefits:

• Strong asset ownership from the start
• Ability to structure repayments to seasonal cash flow
• Reduced installments are possible with a balloon payment
• GST is not charged on repayments

This option is ideal for businesses wanting asset ownership and long-term stability in their financial arrangements.

A hire purchase agreement lets you use the equipment while making regular repayments. Ownership is transferred to you once the final payment is made.

Key Features:

• No deposit or a deposit of your choice
• Flexible repayment structures to match cash flow
• Balloon payments are available at the end of the term.
• Early payout options available
• Interest and depreciation are generally tax-deductible

Benefits:

• No GST charged on repayments
• Low capital outlay preserves working capital
• Predictable budgeting with flexible repayment terms
• Ownership secured at the end of the agreement

This is a popular option for businesses that prefer predictable costs and eventual ownership.

FINANCE LEASE

With a finance lease, the financier owns the equipment while you lease it for an agreed term and residual value. At the end, you can return, refinance, or purchase the equipment.

Key Features:

• No capital outlay required
• Residual values set according to ATO depreciation schedules
• The entire lease rental is usually tax-deductible
• Flexible payment frequency (monthly, quarterly, yearly)

Benefits:

• Preserves working capital for other expenses
• Flexible lease terms and repayment schedules
• Multiple options at the end of the lease term
• No stamp duty is charged on rentals in Tasmania

Finance leases are best for businesses wanting flexibility and tax efficiency without upfront capital costs.

A novated lease is ideal for employees offered a car under a salary package. The lease is taken in your name, but payments are made by your employer.

Key Features:

• The employer is responsible for repayments under the novation agreement
• Complete choice of vehicle and accessories
• Vehicle acquired with no capital outlay
• Tax benefits are available to both the employer and employee

Benefits:

• Use of a vehicle without budgeting for repayments
• The employer avoids carrying the vehicle on the balance sheet
• Ownership and flexibility remain with the employee
• Simple salary packaging arrangement with significant tax advantages

This structure benefits both employees and employers, offering convenience and tax effectiveness.

SMA has decades of experience arranging equipment finance across Tasmania and Australia. By working with all major lenders, we tailor finance structures to meet the specific needs of your business—whether you need a single vehicle or an entire fleet.

We stand out because we:

• Offer multiple finance structures (loan, lease, hire purchase, novated lease)
• Help match repayments to your business cash flow
• Provide access to industry-leading lenders at competitive rates
• Deliver trusted advice with over 30 years’ experience
• Support industries, including mining, transport, agriculture, forestry, and aquaculture

With SMA, your business can access the tools it needs to grow without putting a strain on cash flow. When it comes to equipment finance in Tasmania, we are second to none.