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Do you need car and equipment finance on the Sunshine Coast?

Start your journey, contact Inovayt Sunshine Coast today

Car and Equipment Finance Sunshine Coast

The car and equipment finance team on the Sunshine Coast are here to assist you with both business and personal requirements. If you’re looking for a new asset or extra equipment for your business, we’re here to help you achieve your goals sooner.

Office location

Sunshine Coast

4/77 Mooloolaba Espl,
Mooloolaba
QLD 4557

Get in touch

1300 354 355

Call now   ➔

Office location

Sunshine Coast

4/77 Mooloolaba Espl,
Mooloolaba
QLD 4557

Get in touch

1300 354 355

Call now   ➔

Personal asset finance

From cars to caravans, boats to jet skis and everything in between, personal asset finance can get you your new asset sooner. Gone are the days where you have to save for years before you can afford that new set of wheels you’ve been eyeing off, or heading out on a fishing trip on that boat you’ve always wanted. Inovayt’s car and equipment finance team can help you find the best personal loan for you.

Business asset finance

Is your business struggling to maintain its competitive edge due to outdated equipment or growing pains? Regardless of if your equipment needs to be upgraded to increase productivity or you need to replace an old machine, business asset finance can help you purchase these assets whilst maintaining a steady cash flow.

Chattel mortgage

A chattel mortgage will benefit businesses that are looking to use an asset being purchased as security for a loan. Unlike a regular property mortgage, this type of mortgage can be used to purchase anything with a serial number, including a vehicle or factory machine.

Low doc loan

A low doc loan is a great option for established businesses who want to secure funds for an asset without the regular verification criteria. This criteria examines the length of the ABN held by the business, as well as other resounding factors.

Our frequently asked questions

Whether asset finance will help you in the long-term isn’t always guaranteed. Weighing up the pros and cons is a great way to decide how you could be impacted. Here are a list of questions we regularly get asked to help you decide.

Asset finance allows you the option to obtain an asset sooner without the need to purchase it outright. This could be for personal or business use and can reduce larger loan costs, while freeing up capital to improve your cash flow.

Equipment finance allows businesses to purchase machinery, tools, and equipment to help them operate. This might include things such as construction tools, heavy machinery and manufacturing equipment, as well as commercial cleaning, office and medical equipment.

If agreed upon at the beginning of your loan, you may be required to make a balloon payment once the loan has ended. This refers to the sum of money owed to the lender at the conclusion of a loan. This option isn’t for everyone, but it allows borrowers to reduce their monthly repayments if desired.

Depending on the lender, the balloon payment will vary. However, balloon repayments are capped at 50 per cent of the total loan amount. This means that if you take out a loan for a $50,000 loan, your balloon payment couldn’t top $25,000.

A loan tem is something that you agree upon with your lender at the beginning of your loan period. This could be anywhere between one and seven years, with the latter meaning you’ll be required to pay a higher interest.

A novated lease and a car loan are both common ways to finance a car. Both of these options have regular repayments along with the option to include a balloon payment at the conclusion of your loan period. A novated lease means you’re entering into a three-way deal with your lender, your employer and yourself, whilst a car loan is yours from day one. Regular repayments are required for both of these options, with the ability to add a balloon payment at the end. Acquiring a car loan will use after-tax earnings to make repayments while a novated lease will 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 Sunshine 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 Sunshine Coast today

Get in touch
1300 354 355


Send us an email
info@inovayt.com.au

Start your journey, contact Inovayt Sunshine Coast today

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