From small-scale projects to large infrastructure builds, civil construction demands strength, precision, and the right tools to keep things moving. With flexible finance options tailored to your needs, we make it easier for civil contractors and builders to access the equipment that drives progress. Whether you’re expanding your fleet, replacing worn-out machinery, or scaling up for new contracts, our finance solutions are designed to help you take ownership with confidence without tying up your capital. Build smarter, move faster, and take control with funding that works as hard as you do
Key Types of Construction Equipment Finance
Rental / Operating Lease
Ideal for cleaning equipment that may need frequent upgrades due to wear and tear or technological advancements. The lessor retains ownership, and the lessee pays a rental fee. This is the most flexible finance facility and at the end of the lease term, the business can purchase the equipment, return the equipment, renew the lease, or upgrade to newer models.
Finance Lease
The lessee makes regular instalments with a residual value based on ATO guidelines due as the final payment. The lessee has the option to purchase the equipment at the end of the lease term by paying the residual value.
Chattel Mortgage
In a Chattel Mortgage agreement, the business pays off the equipment in instalments. There is an option to take a balloon at the end of term which will help lower the regular monthly payments. Ownership transfers to the business after the final payment.
Vendor Financing
Some manufacturers or distributors of cleaning equipment offer financing options directly or through partnerships with FInance@work. These programs often feature competitive rates and terms tailored to the specific equipment being purchased.
Managed Services
Instead of purchasing, businesses can opt for a subscription-based model where they pay a recurring fee for access to cleaning machines, software, and support services. This model helps avoid large upfront costs and ensures access to the latest cleaning technology.
Common Financing Options for Construction Equipment
Rental / Operating Lease
A facility for any type of equipment and gives businesses the highest level of flexibility. The lessor retains ownership, and the lessee pays a rental fee. At the end of the lease term, the equipment can be purchased, returned, renewed, or upgraded. Rentals are the most flexible of all finance facilities.
Finance Lease
Similar to a loan, where the business makes payments over time and may have the option to purchase the equipment at the end of the lease.
Chattel Mortgage
A loan is provided to purchase the equipment outright. The loan is repaid with interest over a set period with an option for a balloon to help lower monthly repayments.
Vendor Financing
Some manufacturers or dealers offer financing directly to buyers through third party financiers such as Finance@work. This can be convenient and may include benefits like payments or maintenance packages.
Benefits of Construction Equipment Finance
- Cash Flow Management: Spreads the cost of expensive equipment over time, freeing up cash for other operational expenses.
- Tax Benefits: Depending on the financing method, payments may be tax-deductible, and some equipment may qualify for accelerated depreciation.
- Flexibility: Leasing options provide the flexibility to upgrade to newer models as technology advances, ensuring that the business always has the latest equipment.
- Asset Management: Financing allows businesses to acquire high-value equipment without depleting capital reserves, and in some cases, ownership of the asset can lead to long-term savings.
Considerations
- Payments and Fees: Carefully compare different financing options to understand the total cost, including any hidden fees.
- Term Length: Align the repayment schedule with the expected life of the equipment and the duration of the projects the equipment will be used for.
- Maintenance and Repairs: Consider who is responsible for maintaining and repairing the equipment. Some leasing options may include maintenance services.
- Residual Value: In leasing agreements, consider the residual value of the equipment at the end of the lease term if there’s an option to purchase.
Specialised Financing
- Leaseback Arrangements: If a company already owns equipment, it can sell the equipment to a lender and then lease it back. This frees up cash while allowing continued use of the equipment.
- New vs. Used Equipment: Financing is available for both new and used equipment. Used equipment can be a cost-effective option, though financing terms may vary.
By understanding these options and considering the specific needs and financial situation of the business, construction companies can make informed decisions to acquire the equipment they need to complete their projects efficiently.
Types of equipment
Heavy Machinery
- Excavators
- Bulldozers
- Cranes
- Loaders
- Graders
- Backhoes
- Skid Steer Loaders
- Trenchers
- Dump Trucks
- Rollers & Compactors
Earthmoving & Site Equipment
- Scrapers
- Articulated Haulers
- Track Loaders
- Wheel Loaders
- Dozers
- Site Dumpers
Power & Utility Equipment
- Generators
- Compressors
- Light Towers
- Hydraulic Power Units
Surface Preparation & Flooring Equipment
- Floor Grinders
- Floor Polishers
- Concrete Saws
- Tile Removal Machines
- Trowel Machines
Lifting & Access Equipment
- Scissor Lifts
- Boom Lifts
- Telehandlers
- Forklifts
Vehicles & Transport Equipment
- Tippers
- Utes
- Service Trucks
- Flatbed Trucks
- Water Trucks