Equipment finance trends of 2023

Equipment finance trends of 2023

The Australian equipment finance market is growing rapidly. There is an increasing trend towards green finance, with businesses looking to invest in sustainable equipment. This is being driven by a number of factors, including government regulations, customer demand and the desire to reduce environmental impact.

Data analytics is also playing an increasingly important role in equipment finance. Lenders are using data to assess the risk of lending to businesses, and to develop new products and services that meet the needs of their customers.

The Australian equipment finance market is expected to continue to grow in the coming years. Businesses that understand the latest trends and factors will be well-positioned to take advantage of this growth.

Considering equipment finance? Here are some tips that we at Interlease do on your behalf:

  • Research. We make sure you understand the different types of equipment finance and the terms and conditions of each option.
  • Get pre-approved. This will give you an idea of how much you can borrow and what your monthly payments will be in advance of finalising your asset choice.
  • Review all market offerings. With the help of an experienced broking firm like Interlease, a finance option catered to your Individual requirements can be found.
  • Before you sign any paperwork, we make sure you understand all of the terms and conditions of the loan.

 

Contact us today to speak to an equipment finance expert.