Yellow Goods Finance – What you Need to Know

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You may have heard the term ‘yellow goods finance’ but are not sure of its meaning and in this article, we take a look at yellow goods finance and how it can help your business. The term yellow goods finance refers to the funding of heavy-duty earthmoving equipment, such as;

  • Earthmoving equipment
  • Excavators
  • Bulldozers
  • Graders
  • Skid steer

This type of equipment is essential for many businesses and if you are looking to finance the acquisition of yellow goods, there are lenders for yellow goods finance and they can be found with an online search. 

Commercial finance agreements

This is the perfect finance for those who wish to finance the purchase of trucks and earthmoving equipment, with the following features;

  • Loans from $10,000 – $500,000
  • Loan terms from 2-5 years
  • Balloon payment options are available
  • No annual fees
  • Competitive interest rates

This is a very popular product that is ideal for business owners who wish to finance the purchase of yellow goods.

Finance lease agreements

This product is ideal for those who do not wish to tie up capital in their fleet of trucks and heavy equipment. Click here for information on foreign business entities that wish to do business in Australia.

Features include;

  • Loan terms ranging from 2-5 years
  • Loans from $10,000 – $500,000
  • No annual or accounting fees
  • Residual options available
  • Repayments by monthly direct debit
  • Potential tax benefits

If your fleet is in need of an upgrade, rather than investing your capital, you can take out a finance/lease agreement.

New or used equipment

You can use yellow goods finance to buy new or used earthmoving equipment and the security is the asset purchased. If you are in need of a fleet upgrade, start with a Google search to locate a leading Australian yellow goods finance company and they have several products to help you acquire the heavy equipment that your business needs. 

Online solutions

Once you make contact with a leading Australian lender for yellow goods finance, one of their professionals will manage your application from start to finish. Rather than having to wait a few weeks, your application can be approved in a matter of hours and you are kept informed at all times. The knowledgeable staff can help you choose the right product that best meets your needs and once the documentation has been received, the application can be processed.

Don’t let a lack of capital stop you from acquiring the yellow goods that your business needs right now, you can take out a finance lease agreement that allows you to keep your capital for other things. Many companies simply do not have the capital to buy heavy earthmoving equipment and use a leading Australian lender that specializes in yellow goods finance.

If you are in the mining industry and you feel that your fleet of earthmoving vehicles are in need of replacement, there are lenders who specialize in financing such equipment, whether new or used.

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