When most people think about refinancing, they picture home loans. But in the world of asset finance, refinancing your existing loan can be just as powerful, especially if your business has grown, your circumstances have changed, or rates have shifted.
At Motorlend, we often find that clients don’t realise just how much they could save - or how much flexibility they could gain - by reviewing their current asset finance setup. Whether you’re driving a work vehicle, managing a fleet, or paying off equipment, refinancing can be a smart move that keeps your cash flow working harder for you.
Refinancing simply means taking out a new loan to replace an existing one. It could be with the same lender or a different one. The key idea is that the new loan offers better terms, lower rates, or more suitable repayment options for where you’re at today.
For example, a business that financed a ute or excavator two years ago at a higher rate might now qualify for a sharper deal thanks to improved credit, more trading history, or a lower risk profile.
With recent RBA rate adjustments and a shifting economic landscape, we’re seeing more business owners take a closer look at their repayments. Many are finding that they could save thousands over the remaining term of their loan, simply by refinancing to a more competitive rate.
Beyond rate savings, refinancing can also help you:
Refinancing isn’t always about chasing the lowest rate. Sometimes it’s about flexibility and control.
You might want to look into refinancing if:
At Motorlend, we take a personalised approach to every refinance. We don’t just look at your rate, we review your entire finance structure to make sure it still aligns with your goals.
We compare options from a panel of leading asset finance lenders to find the most competitive solution, whether it’s for vehicles, equipment, or business assets. Our team handles the process from start to finish, making the transition smooth and stress-free.
Clients often tell us the biggest surprise isn’t the savings. it’s how simple the process can be with the right broker guiding them.
If it’s been more than a year since you reviewed your finance, it’s worth checking in. Markets change, interest rates move, and lenders adjust their appetite for certain asset types all the time. What suited your business 18 months ago might not be the best fit today.
Refinancing your chattel mortgage, equipment loan, or vehicle finance can put real money back in your pocket and free up capital for what matters most; running and growing your business.
Let’s see what your repayments could look like with a sharper deal.
Chat with Motorlend today to review your current finance and explore your refinancing options. No obligation, just straightforward advice.
