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Do you need car and equipment finance in Canberra?

Start your journey, contact Inovayt Canberra today

Do you need car and equipment finance in Canberra?

Start your journey, contact Inovayt Canberra today

Car and Equipment Finance Canberra

Our car and equipment finance team in Canberra are committed to helping you lease and obtain finance for vehicles, machinery, and other equipment to help you achieve your business or personal goals sooner.

Office location

Sydney

680 George Street,
Sydney NSW 2000

Get in touch

1300 354 355

Call now   ➔

Personal asset finance

From cars to jet skis, everything can be obtained through personal asset finance. This means that you don’t have to wait for years to begin your caravan trip around the country or sail around on your yacht. With secured and unsecured personal loans, our brokers will find the best one for you.

Business asset finance

Asset finance is a great way for businesses to maintain a competitive edge in their industry. From cash flow organisation, productivity acceleration, and ageing asset replacement, equipment finance can help you to manage and service all aspects of your business.

Chattel mortgage

Chattel mortgages are for businesses who wish to use the asset being purchased as collateral (security) for the loan. A chattel mortgage refers to anything with a serial number – such as factory machines or vehicles – instead of a regular property mortgage.

Low doc loan

Low doc loans function like regular full doc loans. The difference between the pair is the criteria that each business must meet to qualify for a low doc loan. These criteria generally revolve around the length of ABN and GST registration. A low doc loan allows strong, established businesses to have their application fast-tracked.

Our frequently asked questions

Between personal and business asset finance, there are some questions you may have. Here are some we get asked the most.

Asset finance is the perfect way to get your new asset sooner. It allows you to acquire larger assets – often through hire or lease – without needing to purchase the asset upfront. Whether it’s for personal or business use, asset finance has plenty of benefits.

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

Equipment finance is a great solution for businesses that rely heavily on machinery, tools, and equipment for daily operations. It can be used for a range of things, including:

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

A balloon payment is a lump sum of money owed to the lender at the end of your loan period. While this may not sound particularly appealing, it can aid the borrower in decreasing their monthly repayments throughout the loan. This can be negotiated with your lender.

A balloon payment differs between lenders. Commonly, the maximum cost that lenders cap balloon payments at is a maximum of 50 per cent of the total loan amount. This means if you have a 50 per cent balloon on a $40,000 car loan, you will pay a balloon payment of $20,000 at the end of your loan.

There are several factors to consider when choosing what loan term you should go for. Lenders allow you to have a loan term between one and seven years for any asset finance. Keep in mind that the longer the loan, the more interest you’ll pay.

The main aspects of a car loan and novated lease are: 

  •   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.

Meet our Canberra 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 Canberra today

Get in touch
1300 354 355


Send us an email
info@inovayt.com.au

Start your journey, contact Inovayt Canberra today

Start your journey, contact Inovayt today