How much could refinancing save you each month?
If you have a lease or loan chewing hundreds or thousands out of your monthly cashflow, it pays to look at your options.
A lease, while it might look attractive to begin with, could be costing you tens of thousands more in the long run.
We’ll help you consolidate your finance and reduce those monthly payments.
How it works
Don’t get (f)leased
Here’s why it can pay to refinance your lease into a loan.
Equipment Finance
Refinance Scenario
Pizza Restaurant
Finance Amount:
$34,470
| Lease Contract | Navigate Loan | |
|---|---|---|
| Monthly repayment | $3,622.28 | $877.28 |
Monthly Savings
$2,745
Why Navigate Hospitality Finance?
Speedy gonzales
You need that loan and you need it now.
We pull out all the stops to make it happen fast.
The best rate at your fingertips
With 50+ specialised lenders and 100+ years’ combined experience, we find you the best rate possible.
Tailor-made for you and your future
Are you likely to want to pay your loan off early or need to upgrade your equipment down the track? We’ll set you up for your future goals.
Your questions answered
What is hospitality refinancing and how can it benefit my business?
Hospitality refinancing involves replacing your current lease or loan with a new loan, often with better terms. This can lower your monthly payments, reduce interest rates, or change the loan term. Refinancing can free up cash flow, provide more predictable costs, and lead to eventual ownership of your hospitality assets.
How does refinancing a lease into a loan work?
Refinancing a lease into a loan means you switch from renting your hospitality equipment or property to purchasing it through a loan. This transition allows you to own the assets at the end of the loan term, often resulting in lower long-term costs and the ability to use the assets as collateral for future financing.
What are the advantages of refinancing from a lease to a loan?
Refinancing from a lease to a loan offers quite a few benefits, such as the potential for lower interest rates and monthly payments, ownership of the equipment at the end of the loan term, tax benefits like depreciation, and increased flexibility with your assets.
Can I refinance my existing hospitality equipment lease?
Yes, you can refinance your existing hospitality equipment lease into a loan. This process can help you gain ownership of the equipment, and often means more favorable repayment terms and potential tax advantages.
How do I know if refinancing is right for my hospitality business?
Refinancing is ideal if you're looking to lower your monthly payments, own your equipment, or take advantage of better loan terms. It's important to consider the overall costs, the remaining term of your current lease, and your long-term business goals. It’s always best to discuss your specific situation with a financial advisor.
Are there any risks associated with refinancing a lease into a loan?
Just like any financial decision, there are considerations to keep in mind. Refinancing might come with upfront costs, and the terms of the new loan may differ from your current lease. It’s important you review the terms, understand any potential fees, and make sure that the new arrangement aligns with your business's financial strategy. We can help guide you through this process.
Want to find out more about your options? We’ve got you.
Talk to an expert
Call us on 08 8440 8440 or drop us a line.
We’ll respond within an hour during business hours.
Navigate Hospitality Finance is a member of the Australian Financial Complaints Authority.