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Car & Equipment Finance Gold Coast

Start your journey, contact Inovayt Gold Coast today

Car & Equipment Finance Gold Coast

Start your journey, contact Inovayt Gold Coast today

Car & Equipment Finance Gold Coast

Our dedicated car and equipment finance team on the Gold Coast are here to help you lease and obtain finance for vehicles, machinery, and other equipment so you can achieve your business or personal goals sooner.

Office location

Brisbane

2 King St,
Bowen Hills
QLD 4006

Get in touch

1300 354 355

Call now   ➔

Office location

Brisbane

2 King St,
Bowen Hills
QLD 4006

Get in touch

1300 354 355

Call now   ➔

What is personal asset finance?

Just about everything can be leased through personal asset finance, from cars to boats to jet skis. Leasing your asset means you don’t have to wait to secure the car (or boat or jet ski!) of your dreams. Our team finds the best solution for your financial situation with secured and unsecured personal loans.

What can business asset finance do for your business?

In business, it’s crucial to maintain a competitive edge among your peers. As a business owner, asset finance can help you with this. Equipment finance is one way to manage and service all aspects of your business. It helps to organise cash flow, accelerate productivity and replace ageing assets.

What is a chattel mortgage?

A chattel mortgage is perfect for business owners who want to use their purchased assets as collateral for their loans. This type of mortgage refers to anything with a serial number – such as factory machines or vehicles – instead of a regular property mortgage.

Am I eligible for a low doc loan?

Low doc loans work like regular full doc loans, but they have specific eligibility criteria businesses need to meet to qualify. These criteria generally focus on the length of ABN and GST registration, allowing strong, established businesses to have their application fast-tracked.

Our frequently asked questions

There are some questions you might have about personal and business asset and equipment finance. Here are some we get asked the most.

Asset finance is one way to get your new asset sooner. It allows you to obtain larger assets through hire or lease without purchasing the asset outright. Asset finance for personal and business use has a few benefits. These include:

  •   Can reduce more considerable loan costs
  •   Frees up capital
  •   Improves your cash flow
  •   Gets you your new asset sooner

Equipment finance is great for businesses that use various machinery, tools and equipment as part of their daily operations. It can be used for a range of things, including:

  •   Work tools
  •   Trade tools
  •   Office computers
  •   Heavy machinery
  •   Farming equipment

Balloon payments refer to a lump sum of money owed to the lender that generally lands after your loan term. Although owing a chunk of money doesn’t sound ideal, it can help the borrower decrease their monthly payments throughout the life of the loan. Terms can often be negotiated with a lender.

A balloon payment varies in size from lender to lender. Generally, the maximum amount lenders cap balloon payments at is 50 per cent of the total loan amount. This means if you have a 50 per cent balloon on a $30,000 car loan, you will pay a balloon payment of $15,000 at the end of your loan.

Like a balloon payment, loan terms differ between each lender, but they are usually between one and seven years for asset finance. It’s important to keep in mind that the longer the loan term, the more interest you’ll pay.

When looking at the difference between a car loan and novated lease, the following can be determined:

  •   Both have regular repayments.
  •   Both have the chance to include a balloon amount at the end of the loan.
  •   A novated lease is a three-way deal between you, the lender, and your employer.
  •   With a car loan, you own the vehicle from day one.
  •   With a novated lease, you own the vehicle when the term ends, and you pay the balloon.
  •   A car loan is paid with after-tax earnings and a novated lease from pre or post-tax pay.

Helpful resources

budget planner guide

Budget Planner

Work out where your money is going with our Budget Planner calculator. You can customise the item names and save your results.

Our experienced and friendly team can provide you with lifetime financial solutions by understanding your individual needs and goals.

Get in touch
1300 354 355

Send us an email info@dev.inovayt.com.au

Start your journey, contact Inovayt Gold Coast today

Get in touch
1300 354 355


Send us an email
info@dev.inovayt.com.au

Start your journey, contact Inovayt Gold Coast today

Start your journey, contact Inovayt today

Start your journey, contact Inovayt today

Start your journey, contact Inovayt today

Start your journey, contact Inovayt today