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Looking for car & equipment finance on the Central Coast?

Start your journey, contact Inovayt Central Coast today

Car and Equipment Finance Central Coast

If you’re in need of car and equipment finance in the Central Coast Region, Inovayt has got you covered. Whether you need a new car or commercial equipment to elevate your business, we can help.

Office location

Newcastle

88 Elder St,
Lambton
NSW 2299

Get in touch

1300 354 355

Call now   ➔

Office location

Newcastle

88 Elder St,
Lambton
NSW 2299

Get in touch

1300 354 355

Call now   ➔

Central Coast personal asset finance

At Inovayt, our expert team works directly with you to find the best options when securing personal loans. Whether you’re in the market for a small car, work ute, family run-around or just a new weekend toy, we’re here to find a loan that suits you.

Central Coast business asset finance

Business assets are a fundamental part of any successful business. Whether you’re upgrading assets to promote growth, fixing existing assets to maintain efficiency, or replacing old and damaged assets, our expert team can help you find the solution that is just right for you and your business.

Exploring chattel mortgages

Depending on the needs and type of your business, a chattel mortgage could be a viable option for you. Chattel mortgages use the purchased asset as collateral against the loan, however, it is only available to specific assets (not a property, for example). Speak to one of our specialised teams to find out more or if this is suitable for you.

Low doc loan

While full and low doc loans function in the same way, it is the criteria of acceptance that separates the two. Low doc loans are generally for established businesses that have a long-term ABN and GST registration. This allows the loan approval process to be fast-tracked, allowing you to take advantage of any opportunities to grow quicker.

Understanding commonly asked questions

Understanding the finer details of personal financing and business financing might be a bit overwhelming at first, but that’s why we’re here to offer advice and guidance along the way.

Acquiring new assets is a constant of personal and business growth. In many situations acquiring an asset when you need it opens up opportunities to make money, work more efficiently or just free up cash flow.

  •    Manage cash flow problems
  •   Capitalise on opportunities as they arise
  •   Get your hands on new assets sooner

For businesses that utilise heavy machinery or technology as a part of their daily operations, equipment finance can be a fundamental part of maintenance and expansion.

  •   Maintaining and purchasing heavy machinery
  •   Purchasing equipment in line with business growth
  •   Keeping up with technology changes as the business landscape transforms
  •   Replacing or purchasing trade tools

A balloon payment is a lump sum owed to the lender at the end of a loan term after all regular monthly repayments have been made. This allows you to repay only part of the principal of your loan over its term, reducing your monthly repayments in exchange for owing the lender a lump sum at the end of the loan term.

Balloon payments vary in amount, but the general rule of thumb is 50 per cent of the total loan value. So for a $30,000 loan, you could have a $15,000 balloon payment.

Regardless of the loan, it’s important to keep in mind that you’ll pay more interest the longer your loan term is. For asset finance, the longest loan term lenders will allow is seven years.  However, most offer options between one and seven years.

Novated lease and car loans have similar features, but also some key differences.

  •   Regular repayments are done for both. 
  •   Balloon payments are an option at the end of each of these loans. 
  •   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 Central Coast 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 Central Coast today

Get in touch
1300 354 355


Send us an email
info@inovayt.com.au

Start your journey, contact Inovayt Central Coast today

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