Cheaper interest rates on equipment finance can be achieved by some lenders for a range of reasons. These include but are not limited to perhaps dealing with a broker who has accreditation with a large number of lenders – both major banks and non-bank lenders. By having more choices we have a greater range of options to source the best deal at the cheapest rates. Access to non-bank lenders that often operate only through industry-only channels. This category of lender often specialises in a particular industry and as such has a better understanding of the equipment being acquired and the conditions pertaining to that industry. With this level of knowledge, they are often better positioned to offer better interest rates. Non-bank lenders may tend to be far more flexible in negotiating on interest rates than say a major bank that often has to adhere to strict corporate loan guidelines. Brokers have the bargaining power to push harder for cheaper rates on behalf of customers.