We are proud to announce that our director Brendan Scotter has joined the Slattery Finance team as NSW Finance manager. He is now your go-to finance broker when purchasing equipment from Slattery Auctions in NSW. Slattery Auctions and Valuations Slattery Asset Advisory and Slattery Auctions and Valuations is the leading provider of premium asset advisory and remarketing services in Australia and Asia Pacific. Slattery Auctions remarkets a variety of high-quality… Read More »Slattery Finance – Auctions and Valuations
Equipment Finance -News/ Blog
Make sure you get your orders in for delivery by the 30th of June 2019 to maximise the Government’s $30,000 Instant Asset Write-Off. And remember this deduction is available for multiple assets as long as they are under $30,000. We can help with Finance if you are ready to go shopping. Or get pre-approval on a “no obligation” basis to ensure you’re ready to take advantage of the “specials” on… Read More »$30,000 Instant Asset Write-Off
Cross-collateralization is a term used when the collateral for one loan is also used as collateral for another loan. Cross Collateralization example A person/ company has 2 equipment loans with the same financier. One loan for an excavator which is secured by the excavator. A second loan for a skid steer which is secured by the skid steer. The financier can use both assets as cross-collaterals for both loans. This… Read More »Cross Collateralization – Bad for business?
Sharing Economy – already here We are all part of the sharing economy, maybe even without realizing it. Do you buy DVDs or CDs or do you use Netflix and Spotify? Uber and Airbnb are the best-known examples of companies capitalising on the sharing economy. According to the Financial Times we are entering a new era where consumers value access over ownership and experiences over assets. But what about sharing your… Read More »Equipment and Machinery Sharing – Future or Now?
What effect will the New Lease Accounting Standard have on businesses? In Australia most businesses undertake some form of leasing activity. This can be renting an office or leasing finance vehicles and equipment. To date a number of these lease arrangements have been classified as operating leases. As an operating lease they have not been recorded on the balance sheet of the business. Instead they have been recorded as an… Read More »New Lease Accounting Standard IFRS 16
Can someone else take ownership of your Equipment? If you rent, lease or hire equipment that you own to a third party (even a friend) you can lose ownership and any equity in the equipment. This can happen when the third party you are hiring too becomes insolvent, even though you legally own the equipment. See one of our previous posts on PPSR Update. This is also true for asset… Read More »Legal Update – Equipment Ownership
Importing Equipment from Overseas – What are Your Options? Customers importing equipment direct from overseas has been increasing in recent years with the ability to be able to source goods directly from suppliers. Access to the web has made this easier than ever. One question we often get asked is what is the best way to finance this import? Often our clients will approach their bank directly without knowing all… Read More »Importing Equipment
Energy Efficient Cars now get cheaper finance!! Typically when you think of energy efficient vehicles you may think of Tesla, Toyota Prius or other types of hybrid cars. You may not realise that there are now over 300 new cars with all makes and models available from dealers with low Co2 tail pipe emissions that contribute to a greener future. Some examples are: Volkswagen Polo MY17 81TSI Comfort line 1.2L… Read More »Energy Efficient Finance – It’s Cheaper!
No Financials! Are you or is someone you know looking to buy motor vehicles or other equipment? We have access to a suite of funders that provide finance up to $150,000 without the need for financial statements. Initially introduced for cars the product now extends to a number of other asset types. Such as construction equipment, excavators, agricultural equipment, material handling equipment, trailers, buses, Rigid trucks, tippers, concrete trucks, and small… Read More »No Financials Finance Products- $150,000