Buy what you want, when you need it, where you need it

Ritchie Bros. Financial Services (RBFS) offers our customers the choice of multiple finance products, and Rent-to-purchase options. We're not tied to the major banks, which means we can provide you with more choice. RBFS partners have in-depth knowledge of all the leading finance products across Australia and will make sure you get the right product for your business.

Equipment and financing under one roof

Financing for all sectors

  • Construction equipment
  • Farm machinery
  • Transport trucks and trailers
  • Mining equipment and much more…

Your advantage

  • Fast pre-approval
  • Best rate on the day
  • Buy anywhere – approval not limited to purchases at Ritchie Bros. auctions

Journal Content

Temporary Full Expensing of Depreciating Assets

The Government is supporting businesses by enabling them to deduct the full cost of eligible capital assets acquired from 7:30pm AEDT on 6 October 2020 (Budget night) and first used or installed by 30 June 2023.

  • Full expensing in the year of first use will apply to new depreciable assets, and the cost of improvements to existing eligible assets.
  • SMEs with turnover ⪪ $50m pa, can also fully expense the cost of second-hand assets purchased during the period
  • There is NO LIMIT to the number of assets acquired under this initiative
  • Assets can be purchased outright or financed on Chattel Mortgage or CHP (Finance Lease will not work for this initiative
  • FAST TRACK (No Financials) Finance is available on most assets across a broad range of financiers.
  • Potential for 90 days deferred repayment commencement subject to credit approval.

The team at Ritchie Bros. Financial Services is well resourced and ready to assist clients to put in place any finance approvals which may be needed to take advantage of the significant tax breaks available under this program so please feel free to contact us today.

Call us for more info: 1300.748.244

Information Downloads? Temporary Full Expensing of Depreciating Assets Tax Incentives

*On approved credit. Terms and conditions apply.