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FREQUENTLY ASKED QUESTIONS
Everything you need to know about Pure Capital's Crane Finance
How Does Pure Capital Finance Benefit Me?
The Pure Capital Finance is designed to help you find the best business loan and streamline the application process. With a panel of over 70 lending partners and a highly skilled lending team, we will find your client the best possible finance solution
Does Pure Capital Finance contact my previous lenders?
Only upon your consent will we contact your previous lenders to support the application process. Your information always remains private and is not shared unless you authorise it.
Do you offer commission for funded referrals?
Yes we do! Simply register for the platform, provide your bank details, and see how diversifying into commercial and business finance can earn you more.
Who is managing my deal?
All deals and interactions are overseen and managed by our specialist lending team with over 100 years of combined experience in business and commercial finance. Our credit specialists will work with you on all of your transactions to find the best solutions for your situation.
Is my information secure?
Absolutely - We take security very seriously. Your information remains confidential within the platform and the lenders we work with.
Is this really the quote free for me to request?
Yes! You pay zilch, zero, nada. There are no fees for discussing a quote.
Pure Capital drives Excavator loans further
We have helped thousands of Australians save tens of thousands of dollars on their car loan. We're linked to over 25 of Australia's top lenders fighting for your business. This means you save more because we compare more.
Our expert crane loan consultants are with you every step of the way.. We give each and every customer personalised service so you can rest knowing you've secured a great excavator loan deal suiting your budget and needs.
Think Excavator loans, think Pure Capital
Get more Excavator loan options. Whether you’re buying used, certified used, or from a private seller or dealer, we can help secure the best rates and most flexible terms. If you’re in business, we speak your language. We help businesses secure commercial chattel mortgages and hire purchases that keeps cash flowing.
Do you have bad credit? We fight hard for bad credit customers to get the fairest treatments on Crane finance. Our consultants can help you, no matter your circumstances.
Helpful information on Excavator loans
Read some of the helpful information on Excavator loans to help you make a right decision
Buying New or Used – What’s the best for you?
Buying new is more expensive, buying used is cheaper. But is it so cut and dry? Often buying new means massive (and instant) depreciation. Buying used may only drive you so far until you need repairs and replacement parts. What is best for your situation? If you are buying new and you’re planning for a family, buying something larger may suit you well for five or even ten years. A comparable used excavator may have a much shorter lifespan.
When Zero doesn’t equal “nothing” – 0% loans
Chances are you’ve seen equipment dealers offer “zero percent” loans on TV or radio. These may sound enticing, but are not all they are cracked up to be.
Dealers offering “zero” percent loans may add hidden fees, penalties and force you to buy older models at the retail price. That might mean paying more for last year’s model. Buying a retail excavator loan from a reputable broker or lender while negotiating a better price is a better option that will save you money in the long run.
Crane loan repayments and your budget
Buying a excavator with finance means monthly repayments. It makes financial sense to budget for your repayments so you never run into trouble. But does it give you the full picture of how much you’ll be paying? Budgeting for repayments is a good first step, but you must also consider consumables and other expenses. Insurance, fuel, servicing and incidentals such as cleaning may play into your bottom line.
Buying private vs dealer purchase – what’s best?
In the construction buying world the age-old debate of buying private and buying from a dealer rages on. What is best? It depends on your objectives. If you want to save money and don’t mind the inconvenience of travel, no-shows and checking documents and VINs online, buying private is the way to go. Dealer sales are almost always more expensive, but you get warranties, protection under consumer law and after-sales support. What is more important? Price, convenience or added safety?
Pure Capital Finance Benefits
Get funding fast
The equipment acts as security for the loan
Free up working capital
Get equipment without paying for it upfront
Manage your cash flow with fixed instalments
You can claim tax deductions
Options are available for bad credit
Start a new contract with the latest technology at the end of your current contract
Up to 100% of asset Value
1 to 7 years
Starting at 4.09%
Time to fund:
As little as one day
How does excavator Finance work?
Getting Excavator finance for a car loan or lease can be a short, streamlined way to finance up to 100% of the value of any equipment you need.
It comes in many options including leases, hire purchase, loans and chattel mortgages, for example:
A standard equipment loan allows you to borrow up to 100% of the cost of equipment with fixed repayments. The equipment is generally the only security required for the loan.
A finance lease is a form of a rental agreement because the lessor owns the asset. At the end of the lease you have the option of purchasing the asset (for a residual amount agreed upfront), trading in the asset for new equipment or simply terminating the lease.
There is a risk that at the end of the lease the asset will be worth less than the residual value. One of the advantages of a finance lease is that the lender pays the GST component; this makes your payments lower.
This type of lease is ideal for equipment such as technology equipment that needs regular replacement. It is similar to a finance lease but the risk of the market value being lower than the residual value is with the lender, not with you.
At the end of the lease period, you simply return the goods to the financier. In this type of lease, the equipment is not listed as an asset on your balance sheet and therefore you cannot claim depreciation. You can, however, claim the lease payments as a tax deduction.
A “chattel” is a moveable asset (i.e. it’s anything other than real estate). With a chattel mortgage you own the equipment from the beginning of the term of the lease. With a chattel mortgage, only the interest component of the lease payments are tax deductible – but you can also claim a deduction for the depreciation of the asset. In addition, you can claim a credit for the GST component on your BAS statement.
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