Car & Equipment Finance Sunshine Coast
Start your journey, contact Inovayt Sunshine Coast today
Car & Equipment Finance Sunshine Coast
Start your journey, contact Inovayt Sunshine Coast today
Car & Equipment Finance Sunshine Coast
Personal asset finance
Business asset finance
Chattel mortgage
Low doc loan
Our frequently asked questions
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.
1300 354 355
Start your journey, contact Inovayt Sunshine Coast today
1300 354 355
Send us an email
info@inovayt.com.au