What 40+ Lenders Taught Us About Getting Approved Fast

When you’ve worked with over 40 lenders across Australia, from major banks to boutique equipment finance specialists, you start to see patterns. Some applications fly through with same-day approvals. Others drag for weeks, even with strong financials. 

At Thrift Capital, we’ve made it our mission to understand how each lender works, what they prioritise, and how to position our clients for the fastest possible approvals. If you're in the market for business equipment financing, vehicle loans, or working capital, here’s what we’ve learned about getting to “yes” faster, smarter, and with fewer headaches. 

Lenders Love Clarity 

The single biggest differentiator between a fast approval and a long wait is clarity. 

Lenders don’t have time to chase missing documents or guess at the purpose of your loan. They respond best to well-organised submissions that clearly explain: 

• Who you are 

• What your business does 

• How much you need 

• Why you need it 

• How you’ll repay it 

Clarity builds trust. It shows you understand your business and are serious about your loan request. 

Tip: Before submitting, have an equipment finance broker review your application. At Thrift Capital, we do this with every client, often cutting days off the turnaround time. 

Fast Approval Starts With the Right Lender 

Each lender has its own appetite. 

Some specialise in low-doc equipment finance for business owners with ABNs. Others want full tax returns, BAS statements, and multiple years of trading. Some welcome startups and sole traders, while others prefer businesses with property backing. 

If your application goes to the wrong lender, you’re not just wasting time—you could also be damaging your future lending prospects. 

At Thrift Capital, we match your profile and asset type with lenders who: 

• Specialise in your industry (transport, construction, trade, hospitality) 

• Are actively approving applications in the current market 

• Offer the most flexibility on documentation requirements 

It’s not about the cheapest rate on paper. It’s about choosing the lender most likely to approve you fast. 

Documentation: Less Can Be More 

While full-doc lending is still the gold standard, many lenders now offer low-doc and alternative equipment financing solutions, especially for vehicles, machinery, and business equipment. 

If you have: 

• A valid ABN 

• Clean business bank statements (3–6 months) 

• Good personal ID 

…you can often be approved without full financials. 

This is ideal for: 

• Owner-operators without updated tax filings 

• Fast-moving purchases like trucks or excavators 

• New businesses with short trading histories but strong turnover 

Bank Statements Reveal More Than You Think 

Lenders don’t just look at income—they look at how you manage it. Your statements tell a story: 

• Is your revenue consistent? 

• Do you maintain healthy balances after expenses? 

• Are there frequent dishonours or overdrafts? 

• Do you transfer funds responsibly? 

Clean statements can sometimes outweigh weak financials, and they often support higher borrowing limits without extra collateral. 

Speed Comes From Decision Makers, Not Just Documents 

Many banks operate under rigid processes. Even with the right paperwork, your application may sit untouched for days. 

Working with a broker gives you access to underwriters and credit teams who prioritise broker-submitted files. At Thrift Capital, we don’t just submit and wait—we follow up, escalate when needed, and secure real-time feedback. 

That’s why many of our clients secure equipment finance for business in under 48 hours. 

Final Word: Fast Doesn’t Mean Rushed 

Speed matters, but not at the cost of smart financing. 

Getting approved fast means: 

• Choosing the right lender 

• Packaging the deal correctly 

• Submitting clean documents 

• Working with an equipment finance broker who understands the system 

That’s what 40+ lenders have taught us. 

When you’re ready for smarter, faster equipment financing, we’re here to help. Use our equipment finance calculator to explore repayment options, then talk to a Thrift Capital broker about the best strategy for your business. 

The Hidden Cost of Paying Cash vs. Using Asset Finance

For many business owners in transport, construction, and trade, paying cash for equipment feels like the safest choice. You avoid debt, skip the paperwork, and walk away with a fully owned asset—clean and simple. 

But is it really the smartest financial move? 

Not always. 

The real cost of a cash purchase isn’t just the price of the truck, excavator, or ute. It’s the opportunity cost of locking up your capital in a single transaction. And in today’s climate, where cashflow is king, that decision can slow down your growth far more than you realise. 

The Power and Problem of Paying in Full 

Imagine spending $80,000 cash on a new Isuzu Pantech truck. You drive away with a valuable asset, but your reserve is gone overnight. 

That same $80K could have been used to: 

• Hire staff to win larger contracts 

• Pay down tax debt and avoid ATO penalties 

• Cover operational gaps during slower months 

• Invest in marketing, automation, or systems to grow revenue 

You’ve gained an asset—but lost liquidity. And when cash is tight, being asset-rich but cash-poor can put your business at risk. 

What Asset Finance Offers Instead 

With truck finance or equipment finance, you still take ownership of the asset on day one. But instead of draining your savings, repayments are spread across a manageable term, often structured around your business’s cashflow. 

This gives you: 

• Immediate access to the truck, excavator, or equipment 

• Flexible repayment options aligned with income cycles 

• Capital left in the bank to support growth 

It’s not just a loan. It’s a way to protect your working capital while expanding your capabilities. 

Interest vs. Opportunity 

Yes, financing means paying interest. But the cost of financing often pales in comparison to the opportunities lost when cash is tied up. 

When you use equipment financing, you’re buying flexibility. You’re giving your business room to move, adapt, and respond to new contracts or growth opportunities without running on empty. 

Tax Benefits That Matter 

Financing doesn’t just preserve cash—it can also deliver tax advantages. 

If you’re registered for GST, you may be able to claim the GST on the purchase price in your next BAS. Add to that potential deductions on interest and depreciation, and equipment finance for business can become even more cost-effective. 

For businesses considering renovations or upgrades, fit out finance works the same way—helping you spread costs while benefiting from tax efficiencies. 

Cash Isn’t Free 

Cash in business isn’t “free.” It’s your safety net, your growth engine, and your runway. Once it’s spent, it’s no longer available to cover unexpected expenses or seize new opportunities. 

Being cash-poor at the wrong time can cost more than any interest rate ever will. 

Why Work With Equipment Finance Brokers 

Not all finance solutions are the same, and not all lenders move quickly. That’s where equipment finance brokers like Thrift Capital make the difference. 

We work with over 40 lenders across Australia and understand how each of them assesses applications for truck finance, equipment loans, and fit out finance. Our brokers know which lenders offer low-doc approvals, who will work with new ABNs, and how to structure your repayments so they align with your cashflow. 

Thrift Capital’s Take 

At Thrift Capital, we help clients in transport, construction, trade, and hospitality make smarter finance decisions every day. Sometimes the right move is paying cash, but often, financing delivers better long-term outcomes. 

We don’t just look at interest rates. We consider your growth goals, your seasonal cashflow, and your expansion plans. Our role as equipment finance brokers is to match you with a finance solution that works for today while setting you up for tomorrow. 

The Bottom Line 

Paying cash might feel quick, but it’s not always the smartest path. 

Financing your next purchase—whether it’s truck finance, equipment finance, or fit out finance—gives you more than an asset. It gives you flexibility, preserved capital, and the ability to keep growing without draining your reserves. 

Before you spend your savings, speak with a broker who understands your industry. At Thrift Capital, we’ll help you weigh the cost, explore your options, and secure a solution that keeps your business moving forward. 

Low-Doc Car Loans: How ABN Holders Get Approved Without the Paperwork Headache

Running a business is already a full-time job, especially when you’re self-employed or starting out with a new ABN. The last thing you need is endless paperwork just to access the finance that helps you grow. 

That’s where low doc car finance comes in. 

It’s designed for people just like you: ambitious, cashflow positive, but without years of tax returns or accountant-prepared statements. With the right approach, you can secure a low doc car loan and keep your business moving without unnecessary delays. 

In this guide, we’ll break down how low doc loans work, what makes them different, and how ABN holders across transport, construction, and trade are using them to finance vehicles and equipment faster, with less stress. 

What Is a Low Doc Car Loan — and Who Is It For? 

A low doc car loan (short for low documentation loan) is tailored for businesses and self-employed operators who may not have access to full financials. It’s a practical solution for: 

• Newly registered ABNs 

• Self-employed tradies and truck drivers 

• Small business owners managing week-to-week cashflow 

Instead of demanding years of financial statements, lenders look at what matters most: recent bank activity, consistent income, and how the car or asset will support your business. 

If you need to finance a ute, van, or company vehicle, a low doc business car loan can be one of the fastest ways to get approved. 

Why Traditional Banks Don’t Always Work for ABN Holders 

Walking into a bank with a new ABN and no tax returns usually leads to rejection or long delays. That’s not because your business lacks potential—it’s because banks follow strict policies that don’t allow flexibility for newer operators. 

Low doc lenders take a different approach. Instead of requiring years of paperwork, they may approve low doc car loans based on: 

• Recent business bank statements 

• Invoices or contracts showing active work 

• ABN registration details 

This means you don’t have to wait years before upgrading your work vehicle. 

What Documents Do You Need for Low Doc Car Finance? 

While requirements vary, most low doc car finance applications ask for: 

• An active ABN and business registration 

• 3–6 months of bank statements 

• Personal identification (driver’s licence or passport) 

• A clear loan purpose (such as purchasing a work ute, van, or company car) 

That’s often all it takes. Lenders focus on your ability to generate income and make repayments, not whether you’ve completed two tax returns. 

Why Low Doc Doesn’t Mean Low Quality 

Some think low doc business car loans are risky or expensive. The reality is that, when structured correctly, they can be one of the smartest finance options available. 

Clients use low doc car loans to: 

• Buy a new ute or van for contracting work 

• Upgrade from a personal vehicle to a business car 

• Expand fleets for delivery or trade services 

• Finance business cars without tying up cash reserves 

And unlike bank loans, which can drag for weeks, low doc car finance approvals often happen within 24–72 hours. 

Why Brokers Make All the Difference 

The key to success with low doc business car loans is choosing the right lender. That’s where an experienced broker like Thrift Capital comes in. 

We don’t just submit your application and wait. We: 

• Match your profile to lenders who understand your industry 

• Strengthen your application even with limited documents 

• Negotiate better rates and terms for your low doc car loan 

• Manage the process from start to settlement for faster results 

It’s why so many ABN holders across transport, construction, and small business choose us for low doc car finance. 

Why Waiting to Finance Could Cost Your Business More Than You Think

In business, timing can be the difference between growth and missed opportunity. It’s tempting to delay applying for finance, perhaps you’re waiting to tidy up the books, ride out a slow season, or build a longer trading history. But here’s the reality: 

Delaying a funding decision often costs more than making one. 

Whether you’re running a trucking fleet, managing a growing construction business, or expanding your café or trade services, waiting too long to access capital can mean: 

• Higher equipment prices 

• Missed contracts 

• Cashflow strain 

• Lost competitive edge 

At Thrift Capital, we’ve seen firsthand how smart, timely finance helps businesses move faster, seize opportunities, and stay ahead. Here’s what’s really at stake when you wait too long to fund growth.  

1. Equipment Costs Rise While You Wait 

If you’re holding off on financing that new truck, excavator, or machine, here’s the truth: equipment prices rarely go down. With inflation, supply chain challenges, and strong demand, waiting even six months could mean: 

• A higher purchase price 

• Less negotiating power 

• Limited stock availability 

Even used trucks and machines are retaining value in today’s market. Every month you delay is another month of rising costs and another month where that asset isn’t generating revenue for your business. 

Smart operators know that truck finance and equipment finance allow the asset to start paying for itself sooner. 

2. Opportunities Won’t Wait for Your Paperwork 

Landing a contract requires speed, readiness, and capacity. But what if a new project comes up and you don’t have the gear or cash to take it? 

We’ve seen businesses miss opportunities such as: 

• A logistics company losing a freight job because the extra vehicle wasn’t ready 

• A construction firm missing a council project while waiting for finance approval 

• A café delaying renovations and missing peak season without fit out finance 

Being unprepared leaves the door open for competitors. Having finance pre-approved gives you the confidence to say yes when it matters most. 

3. Waiting Until Cashflow Tightens Can Hurt Approval 

Many business owners wait until things are tough before seeking finance. But lenders are most cautious when your bank statements show: 

• Declining revenue 

• Missed ATO payments 

• Irregular cashflow 

At that point, you’re more likely to face: 

• Higher interest rates 

• Stricter loan terms 

• More document requirements 

• Slower approvals 

Applying when your financials are stable, even if not perfect, gives you better access to competitive car loans, truck finance, and equipment finance. 

4. Rates and Lender Criteria Can Change Overnight 

The finance market moves quickly. Lender appetite, credit criteria, and base rates often shift with the economy. By the time you feel “ready,” the deal you expected may no longer be available. 

Locking in equipment finance or truck finance when conditions are right can save thousands over the life of the loan. At Thrift Capital, we track these shifts daily to help clients secure the best timing. 

5. You May Already Qualify Today 

Many business owners assume they don’t qualify for finance because: 

• Their ABN is under two years old 

• They don’t have complete financials 

• They had past credit issues 

• They haven’t spoken to their accountant yet 

The truth is, you may already be eligible. 

Lenders today offer products for: 

• New ABN holders 

• Low-doc and alt-doc applicants 

• Equipment finance with minimal paperwork 

With just a few documents such as bank statements and ID, we’ve helped clients secure approvals within 24 hours. 

Finance Is a Strategic Tool, Not a Burden 

When used correctly, finance isn’t just debt—it’s leverage for growth. 

It allows you to: 

• Upgrade to a new prime mover with truck finance 

• Refinance high-interest debt into manageable repayments 

• Consolidate ATO obligations with tailored loans 

• Expand or renovate with fit out finance 

• Purchase vehicles through competitive car loans 

The right finance structure protects cashflow, supports growth, and keeps your business moving forward. 

Final Word: Momentum Matters 

Every week you delay a finance decision could mean lost income, higher costs, or missed opportunities. 

If you’re considering an upgrade, expansion, or restructure, now is the time to act. You don’t need perfect paperwork—you just need the right partner. 

Thrift Capital helps businesses assess options, fast-track approvals, and secure tailored solutions for truck finance, car loans, equipment finance, and fit out finance. 

📞 Talk to us today and move forward with confidence, before waiting costs you more. 

Why Using a Broker Can Save You Time (and Money) vs. Going Straight to the Bank

When you’re running a business in the transport, construction, or trades industry, getting finance quickly can be the difference between winning a contract or missing out. 

Many business owners naturally turn to their bank for loans. But banks are no longer the only, or even the best, option for asset finance, equipment purchases, or cashflow support. 

A trusted finance broker like Thrift Capital helps you cut through delays, navigate lender requirements, and secure better results—especially if you’re self-employed, ABN-only, or don’t have years of financials. 

Banks Are Slow. Brokers Are Strategic. 

Banks are heavily regulated, risk-averse, and designed for customers with long-standing financial records. If you’re a new ABN holder, a subcontractor, or had a tough tax year, your application could sit in limbo for weeks before being declined. 

Brokers work across a panel of lenders with different appetites, including those who: 

• Accept low-doc or alt-doc applications 

• Consider new ABNs with 6–12 months of trading 

• Offer flexible structures like chattel mortgages and balloon options 

• Understand industry-specific needs for trucks, trailers, machinery, and trade tools 

Instead of forcing you into a generic loan, we match you with a lender that suits your business. 

Real-World Example 

A construction client with an 8-month-old ABN needed to finance a second-hand excavator for a job he had just won. His bank required two years of financials. We secured approval in 48 hours using only his ABN, 6 months of bank statements, and the equipment invoice. 

That’s the advantage of broker-led finance. 

Save Time: One Application, Multiple Options 

Applying with multiple banks means multiple credit checks, which can harm your score. With a broker, we assess your situation once and only submit to lenders that are a good fit. 

At Thrift Capital, we: 

1. Assess your business needs and financials 

1. Match your profile with the right lender 

1. Package your application professionally to reduce back-and-forth 

1. Negotiate for better rates and terms 

1. Manage the process for a faster turnaround 

We don’t just tick boxes—we tell your story in a way lenders understand. 

Save Money: Better Deals, Better Structure 

Many believe brokers cost more. In reality, brokers can help you save by: 

• Knowing which lenders are offering rate specials 

• Structuring loans with balloon payments or GST-inclusive finance to reduce upfront costs 

• Avoiding unnecessary add-ons or unsuitable bank products 

• Looking at the total cost of ownership, not just weekly repayments 

The “lowest rate” is not always the best deal if it comes with strict conditions or long approval delays. 

Protect Your Credit Score 

Every loan application leaves an enquiry on your credit file. Multiple applications, especially rejections, can damage your score. 

Brokers protect your credit by checking eligibility first and only lodging when the chances of approval are strong. This is especially valuable when you need fast approvals for time-sensitive purchases like trucks or trailers for new contracts. 

More Than a Loan: A Finance Partner 

A bank offers you a product. A broker offers you a strategy. 

At Thrift Capital, we look beyond the loan in front of you. We work with clients long-term, helping with refinancing older debt, consolidating tax obligations, and leveraging asset finance for growth. Our goal is to make sure your finance supports your business strategy, not just today, but for years to come. 

Who We Help 

• New ABN holders financing their first truck or ute 

• Owner-operators expanding fleets or upgrading gear 

• Contractors and tradies with non-traditional income 

• Businesses managing ATO debt or cashflow pressures 

• Time-poor operators who can’t wait months for a bank decision 

Final Thoughts 

If speed, flexibility, and cost-effectiveness matter to your business, a broker is not just convenient—it’s a competitive advantage. 

At Thrift Capital, we help you move fast, protect your credit, and secure finance that works in the real world. Whether you need truck finance, equipment finance, machinery finance, or low doc equipment loans, our brokers know the lenders who can help. 

Let us guide you to smarter approvals, so you can focus on running your business. 

The Fast-Track Guide to Finance for ABN Holders

If you’ve got an ABN, you’re closer to approval than you think. 

When you’re self-employed or running a small business, timing is everything. Opportunities don’t wait for your second tax return, and cashflow doesn’t always run smoothly. Knowing your finance options as an ABN holder can make the difference between standing still and moving forward. 

At Thrift Capital, we speak with ABN holders every day, from delivery drivers and tradespeople to café owners and contractors, who are unsure if they qualify for finance. The good news? You often can, and much faster than you’d expect. 

This guide explains how ABN finance works, what lenders really want to see, and how to fast-track your approval without the delays and red tape of a bank. 

What Does Having an ABN Mean for Finance? 

An active ABN signals to lenders that you’re operating as a business, and that opens doors. 

Whether you’re financing a truck, van, equipment, or just need working capital, your ABN gives lenders a foundation to work with. If the loan supports a business-related asset, your chances of approval improve even further. 

Today, lenders no longer demand years of financial statements, especially for asset-backed lending like truck finance, equipment finance, or machinery loans. Many offer low doc equipment loans designed specifically for ABN holders, making it easier to get approved. 

What Can You Finance With an ABN? 

If you have an ABN and can show some recent business activity, even just the last few months, you may qualify for: 

• Truck & Trailer Finance for freight operators, delivery drivers, or fleet upgrades 

• Machinery & Equipment Loans for construction, trades, landscaping, or light industry 

• Van & Ute Finance for mobile service providers and tradies 

• Restaurant and Fit-Out Loans covering kitchens, furniture, and POS systems 

• Working Capital Loans to smooth out cashflow or fund growth 

These aren’t hypotheticals. They are real approvals happening daily for ABN holders across transport, construction, and small business. 

What If My ABN Is New? 

Many think a new ABN means no chance of approval. That’s not true. 

Some lenders prefer 12 or more months of trading, but plenty will consider as little as 6 months, especially if you’re financing an asset tied to your income. 

For example, we helped a courier with a 7-month ABN secure finance on a Pantech Isuzu truck for $300 per week using only bank statements, ID, and the invoice. No tax return required. 

What Lenders Really Look For 

Even without full financials, lenders can still gauge your eligibility through: 

• Business Bank Statements – proof of consistent income and cashflow 

• GST Registration – optional, but a signal your turnover exceeds $75K 

• Clear Loan Purpose – approvals are stronger when the asset funds business income 

• Asset Security – loans backed by trucks, utes, or machinery carry less risk and may offer better rates 

Why Work With a Broker Instead of a Bank? 

Applying directly with banks or multiple lenders can backfire. Each declined application leaves a mark on your credit file and reduces future approval chances. 

That’s why working with a broker is smarter. At Thrift Capital, we don’t scatter applications and hope for the best. We match you with the lender most likely to approve you based on your industry, ABN history, and business needs. 

We know which lenders accept new ABNs, who requires GST, and who offers the best structures. From balloon payments to low weekly repayments, we package your deal so it works for your business. 

Real-World ABN Approvals 

• A contractor with 8 months of activity had an excavator loan approved in 2 days 

• A tradie upgraded his ute with only an ABN and 6 months of bank statements 

• A restaurant owner secured $40K for a fit-out based on invoices and turnover projections 

These outcomes are possible because we know how to position ABN holders with the right lenders. 

You’re Closer to Finance Than You Think 

If you’re running your business with an ABN, there’s likely a pathway to finance right now. Whether it’s truck finance, equipment loans, machinery finance, or working capital, you don’t need to wait two years for tax returns. 

At Thrift Capital, we’ll show you what’s possible today, based on the business activity you already have. 

Chattel Mortgage Benefits You Can Still Access Post-Tax Time

Think the EOFY deadline was your last chance to secure tax savings through finance? Not quite.

Even after June 30, chattel mortgages continue to offer significant GST and tax benefits—especially if you’re purchasing business equipment, vehicles, or machinery.

Here’s what Australian businesses need to know about making smart finance moves after tax time.

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What Is a Chattel Mortgage?

A chattel mortgage is a type of business loan where the lender provides funds for an asset (e.g. vehicle, equipment), and the business takes immediate ownership. The asset is used as security, and the mortgage is released once the loan is repaid.

It’s one of the most popular asset finance structures in Australia—particularly for small to medium businesses.

According to the Australian Bureau of Statistics (ABS):

• 85% of Australian small businesses finance capital purchases rather than buying outright.

• Vehicle and equipment finance makes up a large portion of commercial loans, especially post-COVID, with government incentives further accelerating uptake.

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Why Post-June 30 Still Matters

There’s often a rush to settle loans by June 30 to lock in deductions for the closing financial year. But even after EOFY, many benefits still apply, especially for purchases that support new-year growth plans.

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Key Tax and GST Benefits You Can Still Access

1. GST Input Credits 

If your business is GST-registered: 

• You can claim the full GST on the purchase price in your next BAS—even if the asset is financed via chattel mortgage. 

• This applies to cars, trucks, machinery, office equipment, etc. 

Example: For a $100,000 asset (ex-GST), you can claim $10,000 in GST credits in the next BAS cycle—improving cash flow significantly. 

2. Depreciation and Interest Deductions 

Even if EOFY has passed: 

• The interest portion of repayments is tax-deductible. 

• You can claim depreciation on the asset annually through your tax return. 

According to ATO guidelines, depreciation can be applied to any business-use asset with a life over one year—even if financed.  

3. Instant Asset Write-Off / Temporary Full Expensing 

While the Temporary Full Expensing scheme ended in June 2023, the government has proposed new thresholds for the Instant Asset Write-Off from 1 July 2023 to 30 June 2024: 

• Eligible businesses (turnover under $10 million) may deduct up to $20,000 per asset purchase. 

• Check ATO updates for confirmation and updates.

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Perfect for Equipment & Vehicle Upgrades 

Chattel mortgages remain ideal for financing: 

• Commercial vehicles 

• Construction machinery 

• Medical or industrial equipment 

• Tools and technology   

They’re especially effective when your business wants ownership of the asset rather than lease-style usage, with long-term deductions. 

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Global Context: Still Relevant Worldwide   

Globally, businesses in the UK, US, and Canada also benefit from similar structures, like hire purchase or secured equipment loans. However, Australia’s GST and depreciation rules make chattel mortgages uniquely beneficial—particularly for small businesses looking to improve post-COVID cash flow. 

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Why Work With a Broker Like Thrift Capital? 

Each lender may treat asset classes, repayment terms, or business types differently. At Thrift Capital: 

• We match you with lenders who understand your industry 

• We know what documentation is truly required (no unnecessary paperwork) 

• We help you secure approvals fast—often within 48 hours for qualified applications 

Next Steps: Make Your Finance Work Harder 

Even after June 30, the benefits are far from over. 

Thinking about an equipment upgrade? 

Talk to a Thrift Capital broker today to explore your options, or 

Checkout our free Pre-Approval Checklist to get started. 

Lease vs Finance: Which One is Right for Your Business?

If you’re running a business and planning to finance equipment, vehicles, or other assets, one key question comes up often:

Should I lease or should I finance? Is there even a difference?

At Thrift Capital, we help business owners across industries make this decision every day. The right option depends on your cash flow, growth plans, and how long you expect to keep the asset.

This guide breaks down the pros and cons of leasing vs. financing to help you choose the best path for your business.

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What Is Leasing?

Leasing is essentially renting the asset for a set period. You make monthly or quarterly payments, but the lender retains ownership. At the end of the lease, you may return, upgrade, or purchase the asset—depending on the agreement.

Best suited for:

• Businesses needing frequent equipment upgrades

• Companies with limited upfront capital

• Those seeking off-balance-sheet finance options

Benefits of Leasing:

• Lower initial outlay

• Easier approval for some structures

• Potential tax advantages on lease payments

• Greater flexibility to upgrade over time

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What Does Financing Mean?

When you purchase a business asset using finance (such as a Chattel Mortgage), your business owns the asset from day one. The loan is secured against the asset, and you repay it over time.

Best suited for:

• Businesses looking for long-term ownership

• Industries like transport or trades needing equity in equipment

• Owners wanting more control over the asset’s use or resale

Benefits of Leasing:

• Full ownership = long-term value

• Interest and depreciation may be tax-deductible

• May be eligible for upfront GST claims (if GST-registered)

• Flexible terms and balloon payment options

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Lease vs Finance: Quick Comparison

When you lease, you don’t own the asset—you’re essentially renting it over a fixed term. This typically comes with lower upfront costs and greater flexibility to upgrade when needed. Lease payments may also be tax-deductible, depending on your setup. At the end of the lease, you may return the asset, upgrade, or choose to purchase it, depending on your agreement.

When you buy—usually through a Chattel Mortgage—you own the asset from day one. This option often involves a higher upfront cost (unless you structure it with a balloon payment), but it gives you long-term value. You may be able to claim interest and depreciation as tax deductions, and if you’re GST-registered, you could be eligible to claim GST upfront. Unlike leasing, buying gives you full control over the asset at the end of the finance term.

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So… Should You Lease or Finance?

Ask yourself:

• Do I need flexibility with cash flow right now?

• How long will I use this asset?

• Is ownership important for my business strategy?

• What are the tax implications? (Speak with your accountant.)

The right structure depends on your business goals—and getting it wrong could cost you more in the long run.

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Need Help Deciding?

We’re here to help.

Thrift Capital brokers explain the options clearly—without jargon. Whether you’re buying a truck, leasing medical equipment, or financing a fit-out, we’ll match you with the right lender and structure to suit your business.

How to Get Approved Fast: What Lenders Look For and Why the Right Match Matters

When it comes to business finance, getting approved quickly isn’t just about completing an application—it’s about understanding how the system works. At Thrift Capital, we don’t just help you apply; we help you get approved—fast. 

The key? Matching the right lender to your industry, understanding approval timelines, and knowing exactly what lenders are looking for. 

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Here’s what every business owner should know to move from enquiry to “approved” with confidence. 

1. Matching Lenders to Your Industry Matters More Than You Think 

Not all lenders are the same—and neither are businesses. 

Each industry has unique financial needs, cash flow cycles, and risk profiles. That’s why one of the most valuable things a broker can do is match you with a lender who understands your space. 

Here’s how it works: 

• Transport & Logistics
  Lenders familiar with this sector offer fast approvals, flexible repayments, and often accept second-hand vehicles—because they understand that time is money. 

• Construction & Trades
  Seasonal cash flow and balloon repayments are common. Lenders experienced with asset-heavy businesses are best suited here. 

• Medical & Allied Health
  Lenders that finance high-value medical equipment with longer terms and industry-specific criteria are ideal for clinics, dental practices, and wellness providers. 

Why this matters: 

The wrong lender could slow your approval—or deny your application altogether. The right one could fund your asset within 24 hours. That’s the power of tailored finance.

2. Why Some Lenders Approve Faster Than Others 

Ever wonder why some lenders give you an answer in hours, while others take weeks? 

Here’s what makes the difference: 

• Lender Type
  Traditional banks often require full-doc applications and lengthy internal reviews. 
  Non-bank lenders are typically more agile, offering low-doc and ABN-only options with quicker turnaround times. 

• Broker Involvement
  A broker who understands lender preferences can submit your application in the right format—streamlining the process and saving valuable time. 

• Your Application
  Clean, complete documentation significantly speeds up decisions. Missing details are one of the most common causes of delay.

Tip: 
Want to move fast? Talk to a broker before submitting your application. It could save you days. 

3. What Lenders Actually Look For in Your Application 

It’s not just about your credit score. Lenders take a holistic view when assessing applications.

Key factors include: 

• ABN Age and Activity
  Even low-doc lenders want to see how long you’ve been trading. While longer histories are preferred, approvals are still possible for newer businesses—with the right lender. 

• Income and Cash Flow
  Whether you provide bank statements or verified financials, lenders need to see that your business can comfortably service the loan. 

• The Asset

  The condition, age, and value of the asset you’re financing matters. New or well-maintained second-hand equipment is typically easier to fund—and often secures better terms. 

• Supporting Documents
  “Low-doc” doesn’t mean “no-doc.” Having ID, ABN details, recent bank statements, or a tax invoice ready makes a smoother process for both broker and lender. 

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The Thrift Capital Advantage 

At Thrift Capital, we don’t just submit applications—we set you up for success. Our team: 

• Understands your industry and funding needs 

• Matches you with the right lender 

• Professionally packages your application 

• Fast-tracks submissions to key decision-makers 

With access to over 40 banks and non-bank lenders, we know how to find the best path—whether you’re a startup tradie, an experienced fleet operator, or a growing medical practice. 

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Need Fast Finance? Here’s What to Do Next 

If you’re planning to buy equipment, finance a vehicle, or need a working capital boost—don’t do it alone. 

The right match, lender, and process can mean the difference between two weeks and 24 hours. 

Speak to a Thrift Capital broker today.