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Do you need car & equipment finance in Brisbane?

Start your journey, contact Inovayt Brisbane today

Car and Equipment Finance Brisbane

If you’re looking for a new car or updated equipment for your business or even personal use, car and equipment finance might be the answer.

Office location

Brisbane

57 Kirby Rd,
Aspley
QLD 4034

Get in touch

1300 354 355

Call now   ➔

Office location

Brisbane

57 Kirby Rd,
Aspley
QLD 4034

Get in touch

1300 354 355

Call now   ➔

What is personal asset finance?

Jet skis, cars, boats and motorbikes – whatever your dream vehicle of choice – can all be obtained with personal asset finance. As a result, you don’t have to wait to start living the life you’ve dreamt of. Our finance professionals sort through secured and unsecured personal loan options with you to secure your next asset.

What can business asset finance do for your business?

Ensure you’re maintaining a competitive edge within your industry by using business asset finance. Manage and service all aspects of your business, with asset finance assisting with cash flow organisation, accelerated productivity and the replacement of ageing assets.

What is a chattel mortgage?

By obtaining a chattel mortgage, businesses can use the asset they purchase as collateral for the loan. Unlike a regular property mortgage, this mortgage option refers to anything with a serial number, such as factory machines or vehicles.

Am I eligible for a low doc loan?

A low doc loan works similarly to a regular full doc loan. However, each loan has different criteria that a business needs to meet. The length of time a business has held an ABN, and GST registration is generally what these criteria revolve around. Low doc loans primarily allow strong, established businesses to fast-track their loan application.

Our frequently asked questions

As a consumer, there are often many questions about business and personal asset finance. Here are some of the ones we get asked the most.

If you’re looking to get your new asset sooner, asset finance is one option you could choose. This option allows you to obtain larger assets through hire or lease without the need to purchase the asset outright. There are many benefits of asset finance for both business and personal use.

  • The potential to reduce larger loan costs
  • Can free up capital
  • Gives you the opportunity to improve your cash flow
  • Gets you your new asset faster

Equipment finance is the perfect solution for businesses that heavily rely on machinery, tools, and equipment to operate. This financial option can be used for a range of things, including:

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

A balloon payment refers to the lump sum of money owing at the end of your loan. It’s often an option taken by borrowers to reduce the monthly repayment amount throughout the loan. Balloon payments can be negotiated with your lender.

Balloon repayments differ from lender to 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.

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 when it comes to loan terms. Be wary that you’ll pay more interest the longer your loan.

Novated leases and car loans have similar features and some key differences.

Regular repayments are made for both.

  • Balloon payments are an option at the end of each loan.
  • A novated lease is a three-way deal between you, the lender, and your employer.
  • You own the vehicle from day one with a regular car loan.
  • Once the loan term ends on a novated lease, and the balloon payment has been repaid, you own the vehicle.
  • After-tax earnings are used to finance a car loan, whereas pre and post-tax pay is used for a novated lease.

Helpful resources

Budget Planner

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

Meet our Brisbane asset finance broker

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@inovayt.com.au

Start your journey, contact Inovayt Brisbane today

Get in touch
1300 354 355


Send us an email
info@inovayt.com.au

Start your journey, contact Inovayt Brisbane today

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