Asset categories for Plant & Equipment explained.

Asset classes and what they mean.

 

Primary Assets

These are primarily vehicle assets which are able to have a registered charge (Chattel) applied by the lender.

Typically these assets are identifiable by a serial number (eg. VIN and Engine number)

They also have a broader re-sale market in the event of a lender needing to sell the asset and have have value.

Primary assets are the most preferred equipment lenders like financing.

Secondary Assets

Like primary assets these typically are identifiable by a serial number and a lender can register a charge over the assets.

These assets have a re-sale market and re-sale value but typically may be restricted to certain industries.

Secondary assets, while not as ‘safe’ as Primary Assets are still preferred equipment lenders will finance.

Tertiary Assets

These are typically the assets that don’t fall in to either Primary or Secondary.

They usually have little or no re-sale value once used and typically have no re-sale market.

Lenders will finance tertiary equipment but take a riskier view of the assets when they are reliant on the sale of these to get their money back in the event of default.

Most banks require 30% - 50% deposit, full financials and property security to finance this type of asset.

Types of equipment we finance

Primary Assets

  • Large Medical (e.g. CT, MRI scanners)

  • Access equipment (Boom / scissor lifts)

  • Light trucks < 3.5 tonnes

  • Heavy trucks > 3.5 tonnes

  • Trailers, buses/coaches and other commercial motor vehicles

  • Construction and earth moving equipment (non-mining)

  • Agricultural machinery and equipment

  • Materials handling / access equipment

  • Forklifts

Secondary Assets

  • Large PABX or VOIP telephone systems

  • Medical/dental/laboratory equipment

  • Laptops/desktops Servers/data storage

  • Renewable energy (Solar & LED Lighting)

  • Mining equipment

  • Printers/Scanners and Copiers (including 3D Printers)

  • Trade tools

  • Pallet racking

  • Attachments for earth moving

  • Plant services (Compressors & Generators)

  • Printing and packaging equipment

  • Forestry machinery and equipment

  • Engineering and tool making equipment

  • Woodworking and metalworking equipment

  • Mechanical workshop equipment

  • Food processing equipment

  • Refrigeration equipment – Commercial

  • Air-Conditioning – Commercial

  • Embroidery equipment

Tertiary Assets

  • Small business telephone systems

  • POS systems

  • Catering & Hospitality Equipment

  • AV and video conferencing

  • Security & CCTV Systems (hardware only)

  • Fit Outs

  • Temporary fencing

  • Software

  • Scaffolding

  • Cool rooms

  • Spray booths

  • Demountable buildings

  • Commercial Cleaning equipment

  • Pressure Washers

 

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Benefits of Financing Equipment

  • Get what you need now

  • Don’t tie up your cash in equipment

  • Use your cash for other worthwhile purposes

  • Structure a payment within your budget

  • Add more equipment as your business grows

  • Own equipment at end of term or upgrade

 
 

About us

RPM Equipment Finance was started in 1992 and today is recognised as one of Australia’s major equipment finance managers.

We lend our own money and are also accredited introducers with direct access to many major finance companies. This means we can offer a wide range of finance solutions for a wide variety of businesses, industries and equipment types.

Our team at RPM have many years experience and are more than qualified to assist you structure a finance package to suit your needs.