IT Equipment Finance from 4.99% p.a.

Why Finance IT Equipment?

In today's business environment, technology is not optional — it is essential. From the computers your team uses daily to the servers hosting your data, from the networking equipment connecting your offices to the cybersecurity systems protecting your business, IT infrastructure underpins virtually every business operation.

The challenge with IT equipment is that it depreciates rapidly and becomes outdated quickly. A laptop that is cutting-edge today will be sluggish and unsupported within 3 to 4 years. Servers require regular upgrades to handle growing data volumes and application demands. Networking equipment must evolve to support increasing bandwidth requirements and new security standards.

Financing IT equipment rather than purchasing outright solves several business challenges simultaneously. It preserves your working capital for other business needs, spreads the cost over the useful life of the equipment, provides tax deductions through lease payments or depreciation, and most importantly, enables regular technology refreshes that keep your team productive and your business competitive.

Operating Leases for Technology Refresh

The operating lease is particularly well-suited to IT equipment due to the rapid obsolescence cycle. With an operating lease, you use the equipment for 3 to 4 years, make 100% tax-deductible payments throughout, and at the end of the term, return the equipment and lease new, current technology.

This approach ensures your business always operates on current hardware without the accumulation of aging, depreciating assets on your balance sheet. It also simplifies budgeting because the monthly lease payment is predictable and does not fluctuate with depreciation calculations.

For businesses that prefer to own their IT equipment, chattel mortgage provides the benefits of ownership with upfront GST credits and depreciation deductions. This may be more appropriate for specialised equipment with longer useful lives, such as high-end servers, professional workstations, and data centre infrastructure.

Complete IT Setup Packages

When setting up a new office, relocating, or undertaking a complete technology refresh, a single IT finance facility covering all equipment streamlines the process. A typical package might include:

• End-user devices: Laptops, desktops, monitors, docking stations, and peripherals for all staff
• Server infrastructure: Physical or virtualised servers, storage arrays, and backup systems
• Networking: Switches, wireless access points, routers, and cabling
• Security: Firewalls, endpoint protection hardware, and physical security systems
• Telephony: VoIP phones, PABX systems, and conferencing equipment
• Printing: Multifunction devices, label printers, and document management systems

Installation, configuration, and migration services can often be included in the finance facility, creating a single, comprehensive solution for your technology needs.

Cybersecurity Equipment Finance

With the increasing frequency and sophistication of cyber attacks targeting Australian businesses, investing in cybersecurity infrastructure has become critical. The Australian Cyber Security Centre reports that cybercrime costs Australian businesses billions annually, and small to medium businesses are increasingly targeted.

Financing cybersecurity equipment ensures that budget constraints do not force your business to defer critical security upgrades. Next-generation firewalls, intrusion detection and prevention systems, secure email gateways, backup and disaster recovery systems, and security monitoring equipment can all be financed, keeping your business protected without a large upfront capital outlay.

Given the rapidly evolving threat landscape, operating leases for cybersecurity equipment allow regular upgrades as new threats emerge and new protection technologies become available.