The Ultimate Guide to Equipment Finance for Building Installers

The Ultimate Guide to Equipment Finance for Building Installers with Emu MoneyThe Ultimate Guide to Equipment Finance for Building Installers with Emu Money

Building Installers play a vital role in the construction industry, ensuring that buildings are built to the highest standards and meet strict regulatory requirements. To achieve this, Building Installers often require specialised equipment that can be costly to purchase outright. This is where equipment finance can be essential. Equipment finance provides Building Installers with the means to acquire the necessary tools and machinery without the need for large upfront costs. By financing equipment, Building Installers can spread the cost over a predetermined period, making it more manageable for their business cash flow. One of the main benefits of equipment finance is that it allows Building Installers to stay up to date with the latest technology and equipment. In a constantly evolving industry, having access to modern tools is crucial for efficiency and competitiveness. Whether it's scaffolding, power tools, or heavy machinery, financing equipment enables Building Installers to invest in high-quality assets that enhance their capabilities on the job. Additionally, equipment finance offers flexible options tailored to suit the specific needs of Building Installers. With various repayment terms and structures available, they can choose an option that aligns with their cash flow and business requirements. This flexibility enables them to acquire the equipment they need when they need it, without compromising their financial stability.

Ready to get started?

Compare over 40+ lenders with one application.

What is Equipment Finance?

Equipment finance is a financing solution designed specifically for Building Installers in Australia to help them acquire the necessary tools and equipment for their businesses. This type of financing allows Building Installers to access high-quality equipment without the need for large upfront costs, making it easier to manage cash flow and optimise their operations. The process of equipment finance begins with the Building Installer identifying the specific tools and machinery they require. Once the equipment has been identified, they can approach a financial institution or equipment finance provider that specialises in catering to the needs of Building Installers. The finance provider assesses the Building Installer's eligibility for equipment finance based on various factors such as their business financials, credit historey, and the value and condition of the equipment being financed. If approved, the finance provider will structure a finance agreement that outlines the terms and conditions of the loan, including the repayment period and interest rates. Once the agreement is in place, the Building Installer can acquire the equipment immediately, enabling them to start using it to carry out their work. Throughout the agreed-upon repayment period, the Building Installer will make regular payments towards the loan, which may include interest and principal repayments. Equipment finance provides Building Installers with the flexibility to choose the repayment terms that suit their business needs. It allows them to access the essential equipment required for their work while preserving their cash flow for other business expenses. By utilising equipment finance, Building Installers can stay competitive in the industry, meet project demands, and improve their overall efficiency.

Want to learn more?

Learn about eligibility and how to apply.

Top 10 Types of Equipment Building Installers Can Purchase With Equipment Finance

Building Installers can use equipment finance to purchase essential tools like scaffolding, power tools, and concrete mixers. Equipment finance enables them to acquire the necessary equipment without significant upfront costs, improving their efficiency and ensuring the quality of their work.

Here are some common types of equipment Building Installers can purchase with equipment finance:


Scaffolding is a crucial piece of equipment for Building Installers, providing a stable and safe platform for working at heights during construction and maintenance projects.

Power Tools

Power tools, including drills, saws, and nail guns, are essential for Building Installers to carry out various tasks such as cutting, drilling, and fastening materials effectively.

Concrete Mixers

Concrete mixers enable Building Installers to efficiently mix and pour concrete for various construction projects, ensuring accurate proportions and consistent quality.


Ladders are indispensable for Building Installers, allowing them to access elevated areas safely and with ease during instalation, repair, and maintenance work.

Welding Equipment

Building Installers often require welding equipment, such as welding machines and protective gear, to join and fabricate metal components as part of construction or repair work.

Plumbing Equipment

Plumbing equipment, such as pipe cutters, wrenches, and pipe fittings, is essential for Building Installers specialising in plumbing instalations and repairs.

Electrical Testing Equipment

Building Installers involved in electrical work rely on testing equipment like multimetres and voltage testers to diagnose and verify electrical systems' functionality and safety.

Flooring Tools

Building Installers working on flooring projects benefit from specialised tools like floor sanders, tile cutters, and carpet stretchers to achieve precise and professional-looking finishes.

Air Compressors

Air compressors are versatile tools for Building Installers, providing a source of compressed air for various applications like powering pneumatic tools and inflating tyres.

Safety Equipment

Building Installers prioritise safety on the job, and equipment finance enables them to acquire personal protective gear, including helmets, safety harnesses, and high-visibility clothing, to ensure a safe working environment.

Top 10 Ways Building Installers Use Equipment Finance For Growth

Building Installers can utilise equipment finance to fuel their growth by expanding service offerings, increasing efficiency, and enhancing safety. It enables them to stay competitive, satisfy clients, and gain a competitive advantage. Equipment finance supports business growth, profitability, and the ability to adapt to changing market demands.

Here are some common reasons Building Installers use equipment finance for growth:

Expansion of Service Offerings

With equipment finance, Building Installers can invest in new tools and equipment that allow them to expand their service offerings and undertake a broader range of projects.

Increased Efficiency

Equipment finance enables Building Installers to upgrade their equipment, leading to increased efficiency and productivity. For example, investing in advanced power tools or machinery can speed up the completion of tasks, allowing for more projects to be taken on.

Enhanced Safety

With equipment finance, Building Installers can purchase safety equipment and tools, ensuring a safer working environment for themselves and their employees. This includes investing in personal protective gear, safety harnesses, and other safety devices.

Improved Client Satisfaction

By utilising equipment finance, Building Installers can deliver high-quality workmanship consistently. Upgrading tools and equipment can result in better outcomes, which enhances client satisfaction and fosters positive referrals.

Competitive Advantage

Staying up to date with the latest tools and technology through equipment finance gives Building Installers a competitive edge. They can offer better quality services and complete projects more efficiently, positioning themselves ahead of their competitors.

Short-Term Projects

Equipment finance provides flexibility for building instalers who undertake short-term projects. Rather than purchasing expensive equipment outright, they can obtain the necessary tools for a specific project and return them once the project is completed.

Seasonal Demand

Some equipment finance options cater to seasonal demand, allowing Building Installers to access equipment only during peak seasons. This ensures they have the necessary resources without the burden of long-term ownership.

Cash Flow Management

By financing equipment, Building Installers can preserve their working capital and maintain a healthy cash flow. This is especially beneficial for managing other business expenses and handling unforeseen costs.

Regular Equipment Updates

Equipment finance allows Building Installers to regularly update their equipment, ensuring that they have access to modern and efficient tools. This keeps them at the forefront of industry standards and technological advancements.

Business Growth and Profitability

By leveraging equipment finance, Building Installers can support the growth of their business and improve profitability. Upgraded equipment leads to increased productivity, customer satisfaction, and ultimately, a stronger bottom line.

Ready to run the numbers?

Calculate your repayment estimates and more.

Advantages of Equipment Finance for Building Installers

Equipment finance for Building Installers in Australia brings several advantages, enabling them to secure the necessary equipment for their operations. Here are some of the advantages:

Increased Cash Flow

Equipment finance allows Building Installers in Australia to acquire the necessary tools and machinery without the burden of upfront costs. By spreading the payments over time, it eases the strain on cash flow, enabling businesses to invest in equipment while still having capital to allocate towards other operational expenses.

Upgraded Technology

The construction industry is constantly evolving, and new technologies can greatly improve productivity and efficiency. Equipment finance provides Building Installers with the opportunity to upgrade their tools and machinery regularly, ensuring they are equipped with the latest technology to stay competitive in the market.

Flexibility and Customization

Every construction project is unique, and equipment requirements may vary. With equipment finance, Building Installers have the flexibility to choose the specific tools and machinery they need, tailored to their projects. This customisation allows them to scale their equipment inventory based on demand, reducing unnecessary costs and maximising productivity.

Tax Benefits

Equipment finance offers potential tax benefits for Building Installers in Australia. Lease payments and interest charges may be tax-deductible, reducing the overall tax liability. Additionally, the Australian government's Instant Asset Write-Off scheme allows businesses to claim the full cost of eligible equipment purchases as an immediate deduction, providing further financial relief and incentives for equipment investment.

Disadvantages of Equipment Finance for Building Installers

When considering equipment finance for Building Installers in Australia, it's important to be mindful of a few considerations. Here are a few potential disadvantages to think about:

Commitment Period

Equipment finance often involves a long-term commitment, which means Building Installers will be obligated to make regular payments over an extended period. While this allows for spreading out costs, it's important for businesses to carefully consider their long-term financial stability and the impact of ongoing payments on their cash flow.

Interest and Fees

Like any financing option, equipment finance may involve interest charges and additional fees. Building Installers should thoroughly review the terms and conditions and calculate the total cost of financing over time. It's essential to assess whether the benefits gained from acquiring the equipment outweigh the financial impact of interest and fees.

Ownership Limitations

Equipment finance options such as leasing may not provide ownership rights to the Building Installer. While this can be advantageous in terms of avoiding maintenance and depreciation costs, it can also mean that the business does not have full control over the equipment. Careful consideration of ownership rights and responsibilities is necessary before choosing a financing option.

Technological Obsolescence

The construction industry is evolving rapidly, and new technologies emerge regularly. Building Installers need to assess the potential for their financed equipment to become obsolete within a short period. It's crucial to consider the lifespan of the equipment and evaluate whether it can adapt to future industry advancements.

Equipment Financing Alternatives for Building Installers

Equipment financing alternatives for Building Installers include equipment rental, equipment leasing, equipment sharing or co-ownership, and purchasing second-hand equipment. These options provide flexibility, cost savings, and the ability to access the necessary tools and machinery without the long-term commitment or financial burden of traditional equipment finance.

Here are some common alternatives to equipment finance:

Equipment Rental

Building Installers can opt for equipment rental as an alternative to financing. This allows them to access the necessary tools and machinery for specific projects without the long-term commitment. Renting equipment provides flexibility, as businesses can choose from a wide range of equipment options based on project requirements.

Equipment Lease

Leasing offers Building Installers the option to use equipment for a specified period while making regular lease payments. This alternative provides the benefits of equipment ownership without the upfront costs and long-term commitment. Leasing can be advantageous for businesses that require equipment for a specific project or want the freedom to upgrade equipment as needed.

Equipment Sharing or Co-ownership

Building Installers can explore collaborative arrangements with other businesses or contractors to share the costs and ownership of equipment. By sharing equipment, costs and maintenance responsibilities can be divided, making it a cost-effective alternative to full ownership or financing.

Second-hand Equipment Purchase

Building Installers can consider purchasing second-hand equipment instead of financing new ones. This option offers cost savings and flexibility, as it allows businesses to acquire necessary equipment at a lower price. However, it's essential to carefully inspect the condition of the equipment and ensure it meets safety standards before making a purchase.

Equipment Finance Repayment Calculator

To estimate your monthly repayments and the total cost of the loan, input the loan amount, loan term and interest rate into the calculator below. This helps you plan your budget and choose the most suitable loan terms.

Loan Amount
Establishment Fee
Loan Term (Years)
Interest Rate
Total amount to repay
Your repayments

Balance over time

Frequently Asked Questions

Still have questions about equipment finance?

These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.

What is the interest rate on equipment finance
Can I finance used equipment?
What is the typical term for equipment finance?
Do I need to provide a down payment?
Can I get equipment finance with bad credit?
Are there any tax benefits to equipment finance?
Can I pay off my equipment loan early?
Can I lease equipment instead of buying?
What is the difference between a lease and a loan?
What happens if the equipment breaks down?
Can I refinance equipment finance?
Is equipment insurance required?
Do I need a good business credit score for equipment financing?
Can I include installation, maintenance, and other costs in my loan?