- What can I finance through AssetChain?
- Commercial and passenger vehicles, trucks and trailers, construction and earthmoving equipment, plant and machinery, and business assets more broadly. If an asset helps your business earn, there is usually a way to fund it — ask us if yours is not listed.
- Do I need an ABN to apply?
- Not always. Many asset finance products are designed for ABN holders, and some lenders have minimum trading periods. We also work with lenders who fund consumer purchases. Tell us your situation and we will tell you which path applies.
- Can I finance a private sale or an auction purchase?
- Yes. Several lenders on our panel fund private and auction purchases as well as dealership stock. The inspection and settlement process differs slightly, and we will walk you through it before you bid or commit.
- Will enquiring affect my credit score?
- No. Submitting an enquiry does not involve a credit check. We only submit a formal application — which does involve a credit assessment — once you have seen your options and asked us to proceed.
- How long does approval take?
- It depends on the lender, the asset and how complete your documentation is. Straightforward applications can be approved quickly; more complex structures take longer. We will give you a realistic timeframe up front rather than an optimistic one.
- Can I refinance equipment I already own?
- Often, yes. If you own an asset outright or have equity in it, refinancing can release capital for your next purchase. The amount available depends on the asset's age, type and current value.
- What does it cost to use AssetChain?
- We will set out any fees that apply to your specific application in writing before you proceed, along with the rate, term and repayments. You will not encounter a charge you have not already seen.