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Your dream asset is within reach with the team at Inovayt
Bringing dreams to life
From personal vehicles to business equipment, let our team of expert brokers make your dreams come true
Unmatched access
Gain access to over 25 lenders with varying products and offers to find the right fit.
Flexible solutions
Our team offer a variety of solutions, such as low doc and no doc funding options, with loans approved in as little as 4 hours.
A team who care
Our team cares about the outcome of your financial goals, so we’ll go above and beyond to help you succeed.
Your dream asset is within reach with the team at Inovayt
Bringing dreams to life
From personal vehicles to business equipment, let our team of expert brokers make your dreams come true
Unmatched access
Gain access to over 25 lenders with varying products and offers to find the right fit.
Flexible solutions
Our team offer a variety of solutions, such as low doc and no doc funding options, with loans approved in as little as 4 hours.
A team who care
Our team cares about the outcome of your financial goals, so we’ll go above and beyond to help you succeed.
How do we work?
4 easy steps to get your foot in the door
Discovery
We know that one size doesn’t fit all. Let us take a moment to establish your individual financial goals.
Submission
After reviewing your financial position, we’ll provide you with the best options to make your decision.
Approval
Once approved by your chose lender, we finalise approvals and organise formal paperwork for sign off.
Settlement
We’ll carry out the settlement process for you with ongoing support.
What is personal asset finance?
If one of your financial goals is to sail on the high seas or go on a family caravan road trip around the country, personal asset finance can help. Plenty of leisure vehicles such as boats, jet skis and motorcycles can be obtained through personal asset finance. Our team work with you to find which secured or unsecured loan works best for you.
How can business asset finance benefit me?
A great way to maintain a competitive edge in your industry is through asset finance. All aspects of your business can be serviced with asset finance, which can assist with cash flow organisation, accelerated productivity and the replacement of ageing assets.
What are the benefits of a chattel mortgage?
Businesses can choose to obtain a chattel mortgage in order to get their asset sooner. However, the asset being purchased is used as collateral for this loan. A chattel mortgage is a type of mortgage that relates to anything with a serial number (factory machines, vehicles, etc.), as opposed to a property mortgage.
Our most frequently asked questions
When it comes to personal and business asset finance, there are some questions we get asked more than others. Here are some of our most frequent ones.
What are the benefits of asset finance?
Asset finance is a great option if you want to get your new asset without the wait. This option allows you to obtain larger assets through hire or lease without purchasing the asset outright. There are many benefits of asset finance for both business and personal use.
- Â Â The potential to reduce larger loan costs
- Â Â Can free up capital
- Â Â allows you to improve your cash flow
- Â Â Gets you your new asset faster
What is equipment finance?
Equipment finance is the perfect solution for businesses that rely heavily on machinery tools and equipment to operate. This financial option can be used for a range of things, including:
- Â Â Work tools
- Â Â Trade tools
- Â Â Office computers
- Â Â Heavy machinery
- Â Farming equipment
What is a balloon payment?
A balloon payment is the lump sum of money owing at the end of your loan. It’s often an option used by borrowers to reduce their monthly repayments across the span of the loan. The terms of your loan, including your balloon payment, can be negotiated with your lender.
What is the maximum balloon I can have?
Balloon repayments differ based on your chosen lender. The maximum amount of money you’ll pay in your balloon payment is capped at 50 per cent of the loan amount, meaning, if you have a 50 per cent balloon on a $30,000 car loan, you will pay a balloon payment of $15,000 after your loan term.
What are the term conditions?
Asset finance is perfect for those who want to get their new asset sooner. The longest loan you can have for this financial solution is seven years, but be wary that you’ll pay more interest the longer your loan.
Car loan vs novated lease – what’s the difference?
Novated leases and car loans have similar features and some key differences. These include the following.
- Â Â Regular repayments are made for both.Â
- Â Â Balloon payments are an option at the end of each loan.Â
- Â Â A novated lease is a three-way deal between you, the lender, and your employer.
- Â Â You own the vehicle from day one with a regular car loan.Â
- Â Â Once the loan term ends on a novated lease, and the balloon payment has been repaid, you own the vehicle.
- Â Â After-tax earnings are used to finance a car loan, whereas pre and post-tax pay are used for a novated lease.Â
Online Finance Guides
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