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The Holistic Accountant

Considering financing an asset in your business? Here’s a few considerations

April 24, 2024 Stuart Wemyss & Mena Abraham Season 4 Episode 12
Considering financing an asset in your business? Here’s a few considerations
The Holistic Accountant
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The Holistic Accountant
Considering financing an asset in your business? Here’s a few considerations
Apr 24, 2024 Season 4 Episode 12
Stuart Wemyss & Mena Abraham

In this episode, Stuart and Mena dive into the different finance solutions available for asset finance and discuss the pros and cons of each option. They start by outlining the main types of asset finance:

  • Chattel Mortgage - The lender takes a mortgage over a specific asset like equipment or vehicles and provides funding secured by that asset. This is one of the most common options.
  • Hire Purchase - The financier purchases the asset and the client takes out a loan to pay it off over a fixed period, ultimately owning the asset. GST applies.
  • Novated Lease - An agreement between the employer, employee, and financier where the employee uses pre-tax salary to make payments on a newly purchased vehicle. 
  • Sale and Lease/Hire Back - The client sells their existing asset to the lender and then leases it back, making rental payments.


Stuart and Mena highlight that chattel mortgages are most frequently used as they assist with cash flow. For employees, novated leases can be beneficial. They recommend considering balloon payments to further improve cash flow. However, the impacts on overall borrowing capacity need to be assessed.

The hosts advise speaking with a holistic accountant who can connect you with specialised asset finance brokers to determine the best solution for your specific circumstances and requirements.

If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey!

Click here to subscribe to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mean & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn. Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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Show Notes

In this episode, Stuart and Mena dive into the different finance solutions available for asset finance and discuss the pros and cons of each option. They start by outlining the main types of asset finance:

  • Chattel Mortgage - The lender takes a mortgage over a specific asset like equipment or vehicles and provides funding secured by that asset. This is one of the most common options.
  • Hire Purchase - The financier purchases the asset and the client takes out a loan to pay it off over a fixed period, ultimately owning the asset. GST applies.
  • Novated Lease - An agreement between the employer, employee, and financier where the employee uses pre-tax salary to make payments on a newly purchased vehicle. 
  • Sale and Lease/Hire Back - The client sells their existing asset to the lender and then leases it back, making rental payments.


Stuart and Mena highlight that chattel mortgages are most frequently used as they assist with cash flow. For employees, novated leases can be beneficial. They recommend considering balloon payments to further improve cash flow. However, the impacts on overall borrowing capacity need to be assessed.

The hosts advise speaking with a holistic accountant who can connect you with specialised asset finance brokers to determine the best solution for your specific circumstances and requirements.

If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey!

Click here to subscribe to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mean & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn. Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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