Vestone Capital: technology, medical and machinery leasing from a Macquarie joint venture

Most equipment lenders start from one assumption: you want to own the asset eventually. Vestone Capital starts somewhere else. A large share of what it finances is technology, medical gear and other equipment that loses value fast or needs replacing every few years, so it puts as much effort into what happens when a lease ends as into the lease itself.

The sections below explain where Vestone came from, the structures it offers, the assets it prefers and how to judge whether it fits your business. Details are taken from Vestone’s website as at October 2026 and may change.

Where did Vestone Capital come from?

Vestone used to trade as Macquarie Equipment Rentals. In December 2020 Macquarie announced a joint venture with Mitsubishi UFJ Lease & Finance, now part of Mitsubishi HC Capital, and the renamed business began operating in 2021. Its website now calls it a joint venture between Macquarie Group and Mitsubishi HC Capital, with more than 25 years of experience in Australia carried over from its Macquarie days.

The legal entity is Vestone Capital Pty Limited. It doesn’t publish an office address on the pages we reviewed, and you can reach it through its website, a broker or an equipment vendor in its network.

That history shows in its client base. Vestone has long-standing relationships with schools, councils, hospitals and corporates, and is a preferred supplier to local government in Western Australia through the state’s local government association.

Which finance structures does Vestone offer?

Structure	Who owns the asset	When the term finishes
Rental and operating lease	Vestone	Return it, extend casually or for a fixed period, or buy at fair market value set by Vestone
Chattel mortgage	You, with Vestone holding security	Full title passes once all repayments and any balloon are paid
Finance lease	Vestone during the term	Ownership passes after the final payment
Software loan	Not applicable	Funds software licences or implementation over time

Around those core products, Vestone lists more tailored options: escrow facilities, “dial-up and dial-down” arrangements that let you add or remove equipment during the term, usage-based structures, managed services that bundle hardware with support, and sale and leaseback for certain assets up to 12 months old.

If you’re weighing up the first two rows, our comparison of a finance lease vs an operating lease walks through the tax and balance sheet differences in plain terms.

What assets does Vestone finance?

Vestone’s website organises its lending around four asset families:

• IT equipment: laptops, servers, networking and other hardware, often on a refresh cycle.
• Medical equipment: imaging, clinical and practice equipment for healthcare providers.
• Energy equipment: including renewable and energy-efficiency assets.
• Plant and machinery: it names excavators, dozers, forklifts, cranes, dump trucks, graders, loaders, compressors, vacuum pumps and air dryers, and says other commercial equipment may be acceptable.

Sectors it highlights include the public sector, education and community organisations, professional and corporate firms, healthcare, construction and manufacturing. Business vehicle leasing is on the list too, along with finance for office equipment and furniture.

How does applying work, and how fast is it?

For machinery finance, Vestone sets out a three-step process: apply directly or through a finance broker, the team reviews the application and may ask for more information, then Vestone presents the options and terms. It says it aims to decide within 48 hours of receiving a completed application, and that terms run from 24 to 60 months with repayments that can be shaped around seasonal or uneven revenue.

Vestone doesn’t publish minimum or maximum amounts. It says the figure depends on your business’s financial position, the equipment and the term. To apply you’ll provide business and contact details, information about the assets and the identity checks required under anti-money laundering law.

Before you approach any equipment financier, it helps to know what a monthly payment looks like. Try our equipment finance calculator, or let us assess which lender type suits the purchase and your credit file stays untouched while we do.

Is Vestone the right fit for your business?

Likely a good match if you:

• Replace technology or clinical equipment every three to five years and would rather hand it back than sell it.
• Need certified data erasure and responsible disposal of old devices, which Vestone builds into its end-of-term service.
• Are a school, council, health provider or larger company used to formal procurement.
• Want to add or remove equipment mid-term without renegotiating everything.

Probably not the best match if you:

• Need a small, one-off loan for second-hand equipment from a private seller.
• Want working capital rather than finance tied to an asset.
• Hope to raise cash on older equipment you already own, since its sale and leaseback is limited to recent assets.

Questions to ask before signing a Vestone lease

Leases reward careful reading. Ask, in writing:

1. How is fair market value calculated if I want to buy the equipment at the end?
2. What are the return conditions? Packaging, wear, missing parts and data wiping can all attract charges.
3. What does extending month to month cost? Casual extensions can quietly become expensive.
4. Adding every payment and any end-of-term amount, what does the lease cost in dollars?
5. Can equipment be swapped or upgraded mid-term, and on what terms?

The ATO’s treatment differs between owning and leasing, so check with your accountant how each structure affects your depreciation and GST claims.

If Vestone isn’t the answer

A decline, or simply a mismatch, usually comes down to the asset, the size of the deal or the business’s profile. Some practical next steps:

• Smaller or used equipment: a chattel mortgage from a broker-led asset lender such as Group & General Finance may fit better.
• Trading for under two years: read equipment finance for new businesses.
• A practice fit-out with mixed assets: our guide to finance for medical and dental equipment covers specialist options.
• Cash needed, not equipment: consider an unsecured business loan or a property-secured facility.

Other equipment and leasing specialists in this directory include Grenke and ORIX Australia.

Leasing, buying or something else entirely?

Choosing between a lease and a loan is one decision. Knowing whether equipment finance is even the right tool, when cash flow or an ATO bill is the real pressure, is another. We look at both.

You’ll spend roughly a minute on our enquiry form, and nothing about it shows up on your credit report. We keep your information in-house instead of handing it to dozens of lenders, and a person on our team works through your circumstances before picking up the phone. Accurate figures and an honest description of the asset mean our first suggestion should be a workable one.

Ask us about your equipment plans →