Solar Dryers Australia

“The assets we finance are intrinsic to business operations: tradies need their utes to do their job, so they can be counted on to prioritise payments. The other favourable aspect of asset finance is that the interest rate is fixed for the life of the facility.”

CAFBA estimates that total receivables in the Australian equipment finance market are approximately $100 billion. AFIA estimated that total new equipment finance (including fleet leasing) was $36.6 billion as at 30 June 2022, compared with $34.0 billion at 30 June 2020.[1]

“Add in the infrastructure spending that our governments have committed to over the next 10 years and their commitment to more social housing, which will drive construction, and you have a good long-term environment for asset finance lenders,” Mr Crossman said.

A total of $255 billion in government expenditure has been allocated to infrastructure over the four years to FY2025-26 – a 2.7 per cent increase over the previous year’s allocations. [2] At Metro, 44 per cent of commercial settlements are for businesses in the construction and transport industries.