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Asset and Equipment Finance

Asset and equipment finance enables you to obtain financing for business equipment, machinery and vehicles.

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How can financing assets and equipment help you?

When you are looking to maintain a competitive edge in business, it’s important to make sure your vehicles, equipment and machinery are current and well maintained. Asset and equipment finance is a great way to manage cashflow, accelerate productivity and replace ageing equipment and technology. At Inovayt, we work with an array of competitive lenders so you can get the best financing solution to keep your business competitive and relevant.

What is Asset and Equipment Finance?

Businesses often need high-cost equipment such as vehicles, machinery and technology infrastructure but rarely have the cashflow to support such purchases. Rather than applying for a traditional business loan which can take longer to secure and generally requires property security, small business owners have been turning to asset finance. Asset financing enables businesses to acquire large assets, usually through hire or lease, without the need to make an outright purchase. This means your business can realise the benefits of the asset immediately.

Chattel mortgage

With a chattel mortgage, the asset being purchased is the collateral for a loan. Unlike a mortgage on real property, a chattel mortgage is for movable property, such as a vehicle or factory machinery. With a chattel mortgage, the lender can take the asset and liquidate it if the borrower is not able to make repayments.

Hire purchase

Under a hire purchase, a business leases an asset from a provider who purchases the asset and agrees to lease it to the business. Throughout the life of the lease, the provider owns the asset and is responsible for repairs, maintenance and insurance. The business makes ongoing payments to the asset provider during the lease period for the use of the asset. The business takes ownership of the asset at the end of the lease period.

A benefit of hire purchase is that it provides flexibility and can minimise cash flow issues. One way this can be achieved is by lowering monthly payments and making a larger payment (called a balloon payment) at the end of the lease period.

Novated lease

A novated lease includes a three-way agreement between an employer, employee, and a finance provider through which the employer leases a car for the employee. The lease is under the name of the employee and lease payments cover the lease amount and running costs such as insurance, fuel and servicing. The employee pays the lease with both pre-and post-tax salary, reducing taxable income and lowering income tax due.

Equipment finance

The tools, equipment and machinery your business uses are some of its most important assets. This can be anything from a tradie’s tools, office computers, work vehicles and equipment, or even specialised machinery. A business’s operation and profitability can often depend on the performance of its equipment, so if the opportunity is there, purchasing new equipment can increase both efficiency and profitability.

What are the benefits of asset finance?

When compared to traditional forms of finance, the benefits of asset finance include:

  • Avoiding depreciation
  • Freeing up capital
  • Improving cash flow
  • Reducing larger loan costs


Being a business owner can be stressful enough without having to worry about obtaining new equipment. Let us do the heavy-lifting to secure you an equipment loan so you can spend your time focusing on your business.


We understand that everyone has different needs, schedules and availability. We’re happy to meet face to face, over the phone or online at a time that suits you.


Let us help you to grow your business. Our end-to-end financial solutions can support you throughout any stage of your journey both professionally and personally.

Let us help you secure finance for your business equipment.

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