EVCA Finance
EV Equipment Finance Looking to Take The Next Step?
Take your business to the next level with EVCA’s EV equipment finance solutions.
Follow the leader.
We’re different from other EV companies.
We have partnered with industry leading equipment finance brokers that specialists in the field, and uniquely understand the in’s and out’s of the industry.
This helps us keep an active finger on the pulse on what’s going on, allowing us to provide the right EV equipment/software finance solutions for companies to scale up and grow.
Our finance partners have over 20 years of experience in the industry, $500 million worth of funds on loan annually and access to a pool of many leading Australian lenders.
We know what it takes to present your EV equipment finance application in the best light and quickly gain approval so you can start getting your equipment up and running as soon as possible.
Branches in every state
$500 million worth of funds on loan annually
We have more clout and more connections
Access to 20 leading financiers
Get us on site and we’ll go to work.
On Your Side
Possible Benefits For Your Business
Lower Upfront Costs: Asset finance allows businesses to spread the cost of EV charging infrastructure over a fixed term, making it more affordable and accessible. This means businesses can invest in EV charging infrastructure without tying up capital or taking on significant debt.
Improved Cash Flow: Asset finance can also help businesses manage their cash flow more effectively. Monthly payments for EV charging infrastructure can be structured to align with revenue streams, ensuring that businesses can comfortably manage their expenses.
Flexible Payment Options: Asset finance provides businesses with a range of payment options, including lease agreements, hire purchase agreements and operating leases. This means businesses can choose the option that best suits their needs and cash flow.
Tax Benefits: Asset finance for EV charging infrastructure may offer tax benefits, such as deductions for depreciation and interest expenses. This can help businesses reduce their tax liability and improve their bottom line.
Future-Proofing: Investing in EV charging infrastructure is a smart way to future-proof a business. As electric vehicles become more common, businesses that have already invested in EV charging infrastructure will be well-positioned to meet the needs of their customers and employees.
Environmental Benefits: Investing in EV charging infrastructure also has environmental benefits. By providing convenient and accessible charging options, businesses can encourage the use of electric vehicles, helping to reduce carbon emissions and improve air quality.
Frequently Asked Questions
In today’s environment, the majority of equipment finance is arranged through a loan known as a chattel mortgage. This is usually provided over a three to five-year term, with a fixed interest rate and fixed monthly repayment.
With the vast majority of equipment finance arrangements, the asset itself is the only dedicated security taken for the loan – although it generally also requires the personal guarantee of the business owner.
Businesses can either fully finance the asset or include an initial deposit to reduce the amount financed. They can also choose to fully pay off the asset over the term of the loan, or incorporate a residual (or balloon payment) where an asset has a longer effective life than the term of the loan.
Equipment finance is often a far better alternative for companies than paying cash or using other finance such as overdrafts or mortgage secured redraw facilities, which are best retained for working capital purposes.