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Do you need car and equipment finance in Newcastle?

Start your journey, contact Inovayt Newcastle today

Car and Equipment Finance Newcastle

If you’re looking to obtain a new set of wheels or upgrade your business equipment, the car and equipment finance team in Newcastle are here to help. For both business and personal use, our brokers tailor each solution to your situation and help you achieve your goals sooner.

Office location

Newcastle
88 Elder Street,
Lambton NSW 2299

Get in touch

1300 354 355

Call now   ➔

Office location

Newcastle
88 Elder Street,
Lambton NSW 2299

Get in touch

1300 354 355

Call now   ➔

Personal asset finance

Many consumers have a dream or a ‘what if’ of an asset they’d love to someday own. This could be anything from a new car, caravan, boat or jet ski. Our team of brokers work with you to turn your dreams into a reality and your ‘what ifs’ into a ‘finally’.

Business asset finance

Every business owner faces hurdles. Sometimes, these hurdles are barriers that prevent your business to maintain its competitive edge. Business asset finance allows your company to manage these growing pains through the funding of equipment upgrades to increase productivity or replace old machines entirely.

Chattel mortgage

For businesses looking purchase an asset, a chattel mortgage offers the consumer the option to use the asset they’re purchasing as security for the loan. Chattel mortgages are used for any asset with a serial number, such as vehicles or factory machinery.

Low doc loan

Established businesses who want to fast-track a loan application may be able to apply for a low doc loan. This loan takes into account how long your business has been trading for and the size of it to establish whether you qualify for for a low doc loan.

Our frequently asked questions

Whether it’s for personal or business use, there are a number of questions we frequently receive about asset and equipment finance.

This type of finance – for both business and personal use – allows consumers to obtain their asset sooner without the need to purchase it outright. By doing this, you can reduce larger loan costs whilst simultaneously freeing up capital to aid with cash flow.

Equipment finance is a great option for businesses to who are looking to replace old or dated equipment as well as purchase new tools to help their business grow. This could include a number of things such as construction tools, heavy machinery, commercial cleaning products or workplace medical equipment. 

A balloon payment refers to an agreed upon sum of money owed to the lender by the consumer at the conclusion of their loan. If a balloon payment has been taken up, it gives consumers the opportunity to access a reduced monthly repayment rate.

Balloon payments differ from lender to lender and vary based on the agreed upon amount by the two parties. The maximum amount a balloon payment will be is capped at 50 per cent of the total loan amount. For example, if the loan is for $20,000, the maximum balloon payment would be $10,000.

Your loan term is something that should be discussed with your lender when you’re setting up the loan. For asset finance, the maximum loan term you can have is seven years. However, it can be anywhere between one and seven years.

Obtaining a car can be done through either a regular car loan or a novated lease. There are a few main similarities as well as some key differences that you need to consider when deciding what’s best for you. Both options require regular repayments and include the option to add a balloon payment at the conclusion of your loan period. A novated lease means that you’re entering a three-way deal with your lender, your employer and yourself, whilst a car loan is yours from day one. The repayments for car loans are paid with after-tax earnings while novated lease repayments use pre and post-tax pay.

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 Newcastle car and equipment finance expert

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 Newcastle today

Get in touch
1300 354 355


Send us an email
info@inovayt.com.au

Start your journey, contact Inovayt Newcastle today

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