The Ultimate Guide to Equipment Finance for Roofers

The Ultimate Guide to Equipment Finance for Roofers with Emu MoneyThe Ultimate Guide to Equipment Finance for Roofers with Emu Money

Roofing is a demanding and physically-intensive profession that requires specialised equipment to get the job done effectively and efficiently. However, acquiring and maintaining the necessary equipment can be a significant financial burden for roofers in Australia. This is where equipment finance comes into play. Equipment finance is a solution that allows roofers to acquire the necessary tools and machinery without having to pay the full cost upfront. Instead, they can spread the cost over a period of time, making it more affordable and manageable for their business. For roofers, having access to modern and reliable equipment is vital. Whether it's ladders, safety gear, roofing materials, or even vehicles, having the right tools at hand can make a significant difference in productivity and the overall quality of work. With equipment finance, roofers can keep up with the latest industry standards and technology, without compromising their cash flow. One of the benefits of equipment finance for roofers is the ability to conserve working capital. By opting for financing, roofers can allocate their funds to other important areas of their business, such as marketing, training, or hiring skilled workers. This not only helps in maintaining a steady cash flow but also allows roofers to grow and expand their operations. Additionally, equipment finance provides roofers with the flexibility to upgrade their tools as and when necessary. In the fast-paced roofing industry, staying ahead of the game is crucial. With equipment finance, roofers can easily replace outdated or inefficient equipment with newer models, ensuring that they remain competitive in the market.

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What is Equipment Finance?

Equipment finance is a specialised financial solution designed to assist roofers in Australia in acquiring the necessary equipment for their business operations. It allows roofers to obtain the tools and machinery they require without a large upfront payment. Instead, the cost is spread over a set period of time, making it more manageable for businesses. To avail of equipment finance, roofers typically work with reputable financial institutions that specialise in providing these services. The process generally involves submitting an application and providing necessary documentation related to the equipment being financed. The financial institution will then assess the application, taking into account factors such as creditworthiness and the specific equipment being financed. Once approved, the financier will purchase the equipment on behalf of the roofer and lease it back to them for an agreed-upon period. The roofers will make regular payments, typically monthly or quarterly, which cover both the principal amount and any interest charges. At the end of the lease agreement, roofers may have the option to purchase the equipment outright, return it, or enter into a new lease agreement. It is important for roofers to carefully consider their equipment needs and financial capabilities before entering into an equipment finance agreement. Understanding the terms and conditions, repayment terms, and any associated fees or charges is crucial for making an informed decision. Overall, equipment finance provides roofers in Australia with a practical and accessible means of acquiring the necessary tools and machinery to conduct their business efficiently. By spreading out the cost over time, roofers can better manage their cash flow while ensuring they have the equipment they need to deliver high-quality roofing services.

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Top 10 Types of Equipment Roofers Can Purchase With Equipment Finance

Roofers can utilise equipment finance to acquire essential tools and machinery to enhance their roofing projects. This includes purchasing excavators for digging and levelling, cranes for heavy lifting, and scaffolding for safe access to elevated areas. By leveraging equipment finance, roofers can optimise their operations and deliver high-quality results efficiently.

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


Excavators are versatile machines that roofers can use for digging trenches, removing debris, and levelling the ground before roofing work.


Cranes are essential for roofing projects that require heavy lifting and instalation of materials such as roofing tiles, trusses, or equipment.


Scaffolding provides a secure platform for roofers to work at heights and access hard-to-reach areas during roof instalation, maintenance, and repairs.

Safety Equipment

Safety equipment, including harnesses, helmets, and fall protection systems, is crucial to ensure the well-being of roofers working at elevated heights.

Power Tools

Power tools such as drills, nail guns, and saws are essential for roofers to perform various tasks, including cutting materials, fastening, and general construction work.

Roofing Materials

Equipment finance can also be used to purchase roofing materials like tiles, shingles, or metal sheets needed for different roofing projects.


Roofers may use equipment finance to acquire vehicles such as trucks or vans to transport equipment, tools, and roofing materials to job sites.

Roofing Machinery

Machinery such as roll formers or sheet metal bending machines can be financed to enhance the productivity and efficiency of roofing operations.

Ladders and Access Equipment

Reliable and durable ladders, along with access equipment like scaffolding stairs or walkways, ensure safe and efficient access to different parts of the roof.

Hoists and Winches

Hoists and winches make it easier for roofers to lift heavy materials or equipment to elevated positions during instalation or removal processes.

Top 10 Ways Roofers Use Equipment Finance For Growth

Roofers can utilise equipment finance to fuel their growth in various ways. This includes upgrading existing equipment, expanding service offerings, increasing capacity, improving safety measures, and enhancing productivity. By leveraging equipment finance strategically, roofers can achieve long-term growth, stay competitive, and deliver exceptional results to their customers.

Here are some common reasons Roofers use equipment finance for growth:

Upgrading Existing Equipment

Roofers can use equipment finance to upgrade their existing tools and machinery, allowing them to work more efficiently and deliver better results.

Expanding Service Offerings

With equipment finance, roofers can diversify their services by acquiring specialised equipment, such as gutter instalation machines or solar panel mounting systems, to cater to a wider range of customer needs.

Increasing Capacity

By financing the purchase of additional equipment, roofers can increase their capacity to take on larger projects or handle multiple jobs simultaneously, leading to business growth and higher revenue potential.

Improving Safety Measures

Roofers can invest in advanced safety equipment and systems, such as fall protection devices or high-end tools designed to minimise risks, to prioritise the well-being of their workers and enhance overall safety standards.

Enhancing Productivity

Equipment finance enables roofers to acquire modern machinery and technology that enhance productivity through features like automation, precise measurements, or faster processing capabilities.

Streamlining Operations

Roofers can use financing to implement software or cloud-based systems for project management, scheduling, and inventory control, resulting in streamlined operations and improved efficiency.

Staying Competitive

By leveraging equipment finance, roofers can stay updated with the latest industry trends and technology, giving them a competitive edge over other businesses in the market.

Improving Customer Satisfaction

Upgrading equipment through financing can lead to improved customer satisfaction as roofers are able to deliver higher quality work with increased efficiency and speed.

Expanding Geographic Reach

With the right equipment financed, roofers can expand their geographic reach, taking on projects in wider areas and attracting a larger customer base.

Long-Term Growth and Stability

By strategically using equipment finance to invest in the right tools and machinery, roofers can establish a solid foundation for long-term growth, stability, and success in the roofing industry.

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Advantages of Equipment Finance for Roofers

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

Access to High-Quality Equipment

Through equipment finance, Roofers in Australia can gain access to high-quality equipment without the need for a large upfront investment. This enables Roofers to utilise the latest and most efficient tools and machinery, ultimately enhancing productivity and quality of work.

Preserves Working Capital

By opting for equipment finance, Roofers can preserve their working capital and allocate it towards other essential business expenses such as materials, labour, or marketing. This helps maintain a healthy cash flow and ensures that Roofers have the necessary funds available for day-to-day operations and unexpected costs.

Flexible Repayment Options

Equipment finance offers flexible repayment options, allowing Roofers to tailor their payment plans based on their cash flow and business needs. This flexibility enables Roofers to manage their financial obligations effectively and choose repayment schedules that align with their project timelines and revenue streams.

Tax Benefits

Equipment finance may provide tax benefits for Roofers as they can usually claim tax deductions on the interest paid and depreciation of the equipment. This can result in significant savings and improve the overall financial position of the business, making equipment finance a financially savvy choice for Roofers in Australia.

Disadvantages of Equipment Finance for Roofers

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

Financial Commitment

Equipment finance involves a financial commitment, and Roofers need to consider the long-term financial implications of the repayment obligations. It is important to assess their ability to consistently meet the repayments and ensure it aligns with their projected cash flow and revenue streams.

Total Cost of Ownership

While equipment finance may provide access to high-quality equipment, the total cost of ownership should be carefully evaluated. Roofers need to consider factors such as maintenance, insurance, and operational costs associated with the equipment. It is crucial to calculate the overall expenses over the equipment's lifespan to determine if the financial commitment is worthwhile.

Potential Depreciation

Some types of equipment may experience rapid depreciation due to technological advancements or changes in market demand. Roofers should consider the potential resale value of the equipment and carefully assess the impact of depreciation on their investment.

Limitations on Customization

When opting for equipment finance, Roofers may have limitations on customisation options. They may need to choose from pre-selected equipment models or specified suppliers. Roofers should ensure that the available options align with their specific requirements and do not hinder their ability to perform tasks efficiently and effectively.

Equipment Financing Alternatives for Roofers

Roofers have several alternatives to equipment finance, including business equipment loans, equipment leasing, equipment rental, and equipment sharing or co-ownership. These options provide flexibility in accessing equipment without the need for a large upfront investment. Roofers can choose the alternative that best suits their needs and financial capabilities.

Here are some common alternatives to equipment finance:

Business Equipment Loans

Business equipment loans are a common alternative for Roofers looking for financing options. These loans provide a lump sum amount that can be used to purchase the desired equipment. Roofers can then repay the loan amount with interest over a specified period, allowing them to own the equipment outright.

Equipment Leasing

Equipment leasing provides Roofers with the option to rent the required equipment for a predetermined period. This alternative allows Roofers to access the necessary tools without the need for a substantial upfront investment. Leasing agreements often include maintenance and servicing, making it a convenient option for Roofers with limited resources.

Equipment Rental

Another alternative for Roofers is equipment rental. Roofers can rent the required equipment for a specific duration at a fixed rental fee. This option provides flexibility as Roofers can choose to rent equipment on an as-needed basis for short-term projects, eliminating the need for long-term financial commitments.

Equipment Sharing or Co-ownership

Roofers can explore equipment sharing or co-ownership arrangements with other professionals in the industry. This alternative involves sharing the equipment cost and responsibilities with other Roofers, reducing the financial burden. By collabourating and sharing resources, Roofers can gain access to a wider range of equipment options and distribute costs more evenly.

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.

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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?