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Expert Vehicle & Equipment Finance Solutions
The Inovayt car & equipment finance team are here to provide you with flexible finance solutions to help you achieve your financial goals.
Vehicle and Equipment Finance That Works Around You
Buying a vehicle or a piece of equipment is a big financial decision, whether it’s a new ute for the family, a truck for your fleet, or a $200K excavator for your next project. And the way you finance it matters just as much as the asset itself.
The wrong finance structure can cost you thousands in unnecessary interest, missed tax deductions, or repayments that don’t match your cash flow. The right one puts you in the driver’s seat from day one.
Inovayt’s vehicle and equipment finance team compares options from over 40 lenders, banks, non-bank lenders, and specialist asset financiers, to find the deal that fits your situation. We handle the paperwork, negotiate the rates, and get you approved fast so you can get moving. Whether you need personal car loans, commercial asset finance for your business, or anything in between, we take the legwork out of it.
Get the most competitive rate from 40+ Lenders
Let us do the hard work for you. Access to Australia’s top lenders means we can find and compare the best deals for your business and personal financial needs.
Vehicle and Equipment Finance Options
Not all vehicle and equipment financing is the same. The structure you choose affects your repayments, your tax position, and who actually owns the asset during the loan term. Here’s how the main options work.
Chattel Mortgage (Goods Loan)
A chattel mortgage is the most popular vehicle and equipment finance option for Australian businesses, and for good reason. You take ownership of the vehicle or equipment from day one, while the lender holds a mortgage over the asset until the loan is repaid. Interest payments and depreciation are tax-deductible, and if you’re registered for GST, you can claim the GST on the purchase price upfront.
For businesses that want immediate ownership and strong tax benefits, this is typically the go-to.
Hire Purchase
With a hire purchase arrangement, the lender owns the asset during the loan term, and you make regular payments until the final instalment, at which point ownership transfers to you. Interest and depreciation are still deductible, making this a solid option for businesses that want a clear path to ownership with predictable repayments. It’s commonly used across heavy vehicle equipment finance and commercial asset finance.
Finance Lease (Operating Lease)
A finance lease lets you rent the vehicle or equipment for a set term without owning it outright. At the end of the lease, you can return the asset, upgrade to something newer, or purchase it at an agreed residual value.
Lease payments are tax-deductible, which keeps things clean from an accounting perspective. This structure works well for businesses that upgrade assets regularly, such as IT equipment, company cars, or commercial vehicle equipment financing, where you don’t want to be stuck with depreciating assets.
Novated Lease
A novated lease is a salary packaging arrangement that lets employees finance a vehicle using a combination of pre-tax and post-tax salary. Because payments come out before tax, your taxable income drops – and you can also save on GST on the purchase price. Running costs like fuel, insurance, registration, and servicing can be bundled into the lease as well. It’s a popular option for employees looking to get more cars for their money without dipping into savings.
Not sure which structure suits you best? Our vehicle and equipment finance team will walk you through the pros and cons based on your specific situation. If you want to crunch some numbers first, try our equipment finance calculator.
What our clients say
Vehicles and Equipment We Finance
If it’s got wheels, a motor, or it helps your business run – chances are we can finance it. Our vehicle and equipment financing covers a huge range of assets across personal and commercial use.
Vehicles
From everyday runabouts to serious workhorses, we arrange finance for cars and utes (personal and business), trucks and heavy vehicles, trailers and prime movers, vans and commercial vehicles, buses and coaches, and motorcycles. Whether you need a single car loan or truck finance for a growing fleet, we’ll find the right lender and structure.
Recreational
Life’s too short to put the fun stuff on hold. We finance caravans and camper trailers, boats and jet skis, motorhomes, and horse floats. If you’ve been eyeing up caravan loans or boat loans, we compare options across our lender panel, so you get a competitive rate – not just whatever the dealership offers.
Business Equipment
The right equipment keeps your business competitive.
We arrange finance for construction equipment (excavators, loaders, cranes), agricultural machinery (tractors, harvesters), manufacturing equipment, medical and dental equipment, office equipment and IT, restaurant and hospitality equipment, and forklifts and warehouse gear.
Our equipment finance solutions are structured to preserve your working capital and may deliver tax advantages depending on your setup.
Heavy Vehicles & Commercial Equipment
For operators in transport, construction, mining, and earthmoving, heavy vehicle equipment finance is a specialty. We arrange funding for semi-trailers and B-doubles, tipper trucks, refrigerated trucks, earthmoving equipment, and mining machinery. These are high-value assets with specific lending requirements, and having a broker who knows the space means faster approvals and better terms.
Industries We Support with Vehicle and Equipment Financing
Every industry has different asset needs, different cash flow patterns, and different lender requirements. Here’s how our vehicle and equipment finance team supports businesses across Australia.
- Transport & logistics: Trucks, trailers, fleet vehicles, and prime movers. We structure truck finance and commercial vehicle equipment financing to suit operators running anything from a single vehicle to a national fleet.
- Construction & earthmoving: Excavators, loaders, cranes, and site vehicles. High-value assets need lenders who understand the industry, and we know which ones do.
- Agriculture & farming: Tractors, harvesters, irrigation equipment, and rural vehicles. We can structure seasonal repayments that align with harvest cycles and income patterns.
- Healthcare & medical: Dental chairs, imaging equipment, practice fit-outs. Equipment finance for medical professionals is structured to support practice growth without draining cash reserves.
- Hospitality: Commercial kitchens, refrigeration, fit-out equipment. We help hospitality operators access the gear they need to open, expand, or upgrade.
- Manufacturing: CNC machines, production lines, and workshop equipment. We match manufacturers with lenders who understand asset-heavy businesses.
- Mining: Heavy machinery, site vehicles, and specialist equipment. Heavy vehicle equipment finance for mining operations requires lenders with an appetite for high-value deals, and we’ve got the connections.
- Trades: Utes, tools, workshop equipment. For tradies scaling up, we make it easy to finance the assets that keep jobs rolling in.
- Retail: Fit-outs, POS systems, delivery vehicles. We help retailers invest in their operations with flexible repayment structures.
Need broader financial guidance alongside your asset finance? Our financial advisors in Melbourne can help you see the bigger picture.
Tax Benefits of Vehicle and Equipment Finance
One of the biggest advantages of structuring your vehicle and equipment finance correctly is the potential tax benefit. The right setup can significantly reduce the real cost of your asset, but the deductions available depend on the finance type and how the asset is used.
Here’s a quick snapshot of what each structure typically offers:
- Chattel mortgage: Interest payments and asset depreciation are tax-deductible. If you’re GST-registered, you can claim GST on the full purchase price upfront – even before you’ve paid off the loan. This makes it one of the most tax-effective vehicle and equipment financing options for businesses.
- Hire purchase: Interest payments and depreciation are deductible over the life of the agreement. GST is claimed progressively on each repayment rather than upfront.
- Finance lease: Lease payments are generally tax-deductible as a business expense, which keeps things simple from a bookkeeping perspective.
- Instant Asset Write-Off: Depending on current thresholds and eligibility, you may be able to immediately deduct the full cost of eligible assets in the year of purchase. Rules change regularly, so it’s worth checking what applies in the current financial year.
Important: Tax benefits depend on your individual circumstances and how the asset is used. We always recommend speaking with your accountant or tax advisor before making financial decisions based on tax outcomes.
Online Finance Calculators
Loan Repayments Calculator
Careful planning is important when it comes to your finances. Our free finance calculators are provided so you can work out how much you can afford to borrow or what your repayments are going to be.
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Loan Repayments Calculator
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Personal Loan Calculator
A personal loan is a great way to increase cash flow and give you some breathing room in your budget. It’s also an option when purchasing a new car or consolidating debt.
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Personal Loan Calculator
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Refinancing Calculator
Wondering if refinancing your home loan could save you money? Use our free refinance calculator to find out wether refinancing your home would be a financially benefical deciscion.
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Refinancing Calculator
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Personal and Business Vehicle & Equipment Finance
Process and documentation requirements differ, and so do the lending options available.
Personal finance covers things like car loans, caravan loans, boat loans, and motorcycle finance. These fall under consumer credit regulations, and approval is based on your personal income, expenses, and credit history. It’s straightforward, and our team handles everything from application to settlement.
Business finance includes chattel mortgages, hire purchase, leasing, and commercial asset finance. Documentation requirements are different – lenders will typically want to see business financials, tax returns, and details of the asset being purchased. The upside is access to tax deductions, flexible structures, and lender panels that specialise in commercial vehicle equipment financing and heavy vehicle equipment finance.
Not sure which category your purchase falls into? We’ll sort that out in your initial consultation.
Why Choose Inovayt for Vehicle & Equipment Finance
- 40+ lenders: We don’t push one bank’s products. We compare options across a full panel of banks, non-bank lenders, and specialist asset financiers to find the best rate and structure for you.
- Fast approvals: Most applications are approved within 24 to 48 hours, with funds released within 24 hours of approval. When you need to move fast on a deal, we keep up.
- Soft credit checks only: Your initial enquiry uses a soft credit check, so there’s no impact on your credit score while we explore your options.
- No deposit options: In many cases, the asset itself serves as security, meaning no upfront deposit is required. A deposit can help secure better rates, but it’s not always necessary.
- New and used assets: We finance both new and pre-owned vehicles and equipment. The age and condition of the asset may affect terms, but we’ll find the best option available.
- Competitive rates: Because we compare across 40+ lenders, you’re not locked into one institution’s pricing. We negotiate on your behalf to land you the sharpest deal.
- Australia-wide service: Wherever you are in Australia, we can help. Online, phone, or face-to-face – whatever works for you.
How Vehicle and Equipment Finance Works
Getting approved doesn’t have to be complicated. Here’s how it works with Inovayt.
- Initial consultation: We chat about what you need, what you’re buying, and what matters most to you. No obligation, no pressure.
- Soft credit check: We run a soft enquiry that doesn’t impact your credit score, giving us a clear picture of your borrowing position.
- Quote comparison: We compare options from 40+ lenders and come back to you with the best rates and structures for your situation.
- Application: We handle the paperwork on your behalf and submit it to your chosen lender.
- Approval: Most approvals come through within 24 to 48 hours.
- Settlement: Funds are typically released within 24 hours of approval, so you can pick up your asset and get moving.
Vehicle & Equipment Finance – FAQs
We use soft credit checks for our initial assessment, which means there’s no impact on your credit score. A formal credit check only happens once you decide to proceed with an application.
Yes, most vehicle and equipment finance agreements can be paid out early. Some lenders may charge an early termination fee, so we’ll make sure you understand the terms upfront.
Borrowing limits depend on the asset type, your financial position, and the lender. We’ll assess your situation and let you know what’s achievable during your consultation.
Yes. Pre-approval gives you a clear budget before you start shopping, and it puts you in a stronger negotiating position with sellers and dealerships.
With a chattel mortgage, you own the vehicle or equipment from day one, and the lender holds a mortgage over it until the loan is paid. With hire purchase, the lender owns the asset during the loan term and ownership transfers to you after the final payment.
Both have different tax implications, so we recommend speaking with your accountant to understand what works best for your situation.
Yes. We arrange vehicle and equipment finance for both new and used assets. The age and condition may affect the loan term and interest rate – generally, newer assets attract better rates and longer terms.
Terms typically range from 1 to 7 years, depending on the asset type, age, and your requirements. We can structure repayments to match your cash flow, including seasonal payment arrangements for agricultural businesses.
Yes. A balloon (residual) payment defers part of the loan to the end of the term, reducing your regular repayments. It’s useful for managing cash flow, but it means you’ll have a lump sum due at the end.
Our team will explain the trade-offs so you can make an informed call.
In many cases, no deposit is required – the asset itself acts as security. However, providing a deposit can help you secure a better interest rate or improve your approval chances for certain assets.
Depending on the finance structure and how the asset is used for business, you may be able to claim deductions on interest, depreciation, or lease payments. We always recommend consulting your accountant for advice specific to your circumstances.
