Businesses across Western Australia looking to finance commercial equipment have two main choices: go directly to a bank and accept whatever rate they offer, or use a specialist equipment finance broker who compares the entire market on your behalf. For WA businesses, using a broker almost always results in a lower rate, faster approval and less paperwork — and the service is 100% free.
Equipment Finance in Western Australia — What Businesses Need to Know
Western Australia is Australia's resources capital and the nation's largest state by area, with enormous demand for heavy equipment and commercial vehicle finance. Demand for equipment finance across Western Australia is strong, particularly in the mining, resources, civil construction and heavy transport industries. WA businesses that use a specialist equipment finance broker gain access to 80 or more lenders — including major banks, non-bank commercial lenders and specialist commercial equipment funders — compared to the single rate offered by most bank branches.
What Commercial Equipment Can Be Financed in Western Australia?
Through Overdrive Funding, WA businesses can arrange finance for manufacturing equipment, CNC machines, medical equipment, hospitality equipment, IT assets, workshop hoists, printing equipment, woodworking machinery and all commercial equipment. New and used assets are both eligible, including dealer purchases, private sales and auction buys anywhere in Western Australia. Low-doc finance is available up to $500,000 with minimal paperwork.
Equipment Finance Rates in Western Australia
Equipment Finance rates for WA businesses currently range from approximately 6.1% to 15% per annum, depending on your credit profile, ABN history, asset age and the lender. Established Western Australia businesses purchasing new assets with strong financials typically access rates from 6.1% upward. A broker who understands the Western Australia market and has access to specialist commercial equipment lenders can often achieve significantly better terms than a borrower would receive going direct.
How It Works — One Application, 80+ Lenders
Overdrive Funding Director Simon Kendrick works directly with WA businesses from initial enquiry through to settlement. You submit one application, we assess your situation, select the most suitable lenders from our panel of 80+, negotiate the best rate and manage all paperwork through to settlement. Most applications are assessed within 24 to 48 hours. There are no fees, no hidden costs and no obligation.
Whether your business is based in Perth or anywhere else across Western Australia, Overdrive Funding provides the same personalised, direct service. Contact us today for a free, no-obligation equipment finance quote.