Asset finance (chattel mortgage, hire-purchase, novated lease) funds vehicles, machinery, IT and fit-outs. The lender pays the supplier on your behalf; you repay over one to seven years. Security is the asset itself, so no property is tied up and GST on a chattel mortgage can usually be claimed on the next BAS. Residual (balloon) options—commonly 20-40 %—reduce monthly outgoings and leave a lump sum payable or refinancable at the end. Limits up to $500 k often settle same-day once bank statements and invoice are supplied.