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Business Vehicle Finance

Business Car Loans

From a single work vehicle to a full fleet, we structure tax-effective business vehicle finance for ABN holders, sole traders, partnerships, and companies. Chattel mortgage, hire purchase, finance lease, and operating lease all available.

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Business Car Loan Calculator

Estimate your pre-tax business vehicle cost

Loan amount$50,000
$5,000$500,000
Interest rate6.49% p.a.
5.00% p.a.12.00% p.a.
Loan term5 years
1 year7 years
Monthly repayment
$978.07
Total interest
$8,684
Total repayment
$58,684
Principal 85.2%Interest 14.8%
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Estimates only. Actual rate and repayment depend on your lender, loan structure and credit assessment.

Business Car Loans at a Glance
  • Multiple finance structures: chattel mortgage, hire purchase, finance lease, operating lease
  • Tax benefits including GST recovery, interest deduction, and depreciation (structure dependent)
  • Fleet finance with volume discounts for businesses purchasing multiple vehicles
  • Low doc options for self-employed and ABN holders with limited financial documentation
  • Rates for established businesses with strong financials

Business Vehicle Finance Structures Compared

Choosing the right finance structure for your business vehicle affects your tax position, cash flow, and balance sheet. Here is how the main options compare:

FeatureChattel MortgageHire PurchaseFinance Lease
OwnershipYou (from day 1)You (at end of term)Lender
GST TreatmentClaim upfront on purchaseClaim on each paymentClaim on each rental
Interest DeductionYesYesEntire rental deductible
DepreciationYesYes (once ownership transfers)No (not owner)
Balance SheetOn balance sheetOn balance sheetOff balance sheet
Best ForMost ABN holdersBusinesses wanting gradual ownershipBusinesses wanting off-balance sheet

Fleet Finance Solutions

If your business needs multiple vehicles, fleet finance offers distinct advantages over financing each vehicle individually:

  • Volume rate discounts, lenders offer lower rates for fleet arrangements of 3+ vehicles, with deeper discounts as fleet size increases
  • Centralised management, one point of contact for all vehicle finance, simplifying administration
  • Consistent terms, standardised rates and terms across your fleet for easier budgeting
  • Vehicle replacement programs, structured turnover schedules that keep your fleet young and well-maintained
  • Mixed vehicle types, cars, utes, vans, and trucks can all be included in the same fleet arrangement

ABN Holder Requirements

  • Active ABN (6+ months for low doc, 2+ years for best rates)
  • GST registration (required to claim GST input credits)
  • Vehicle must be used primarily for business purposes
  • BAS statements, financial statements, or bank statements (depending on doc level)
  • Director identification and personal credit check

Business Car Finance Process

1
Business Assessment
Tell us about your business, vehicle needs, and preferred finance structure.
2
Structure Advice
Our specialists recommend the most tax-effective structure for your situation.
3
Lender Comparison
We compare rates from 50+ business lenders to secure the best deal.
4
Approval & Settlement
Fast approval for established businesses. Settlement with the dealer or seller.
4.9 / 5 · 320+ reviews

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WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.

Business Car Loan FAQs

What types of business car finance are available?
The main types are: chattel mortgage (you own the vehicle, claim GST upfront, deduct interest and depreciation), finance lease (lender owns the vehicle, entire lease payment is tax-deductible), operating lease (off-balance sheet, return the vehicle at end), hire purchase (ownership transfers at end of term), and novated lease (for employees salary packaging through employer). The best option depends on your business structure and tax situation.
Can I finance a fleet of vehicles?
Yes, we arrange fleet finance for businesses purchasing 2 to 200+ vehicles. Fleet finance often attracts volume discounts on both the vehicle purchase price and the finance rate. We can structure fleet arrangements across multiple vehicle types with consistent terms and centralised management.
What do I need to apply as an ABN holder?
Requirements depend on the lender and loan type. Generally you need: active ABN (minimum 6-12 months for low doc, 2+ years for best rates), GST registration (for tax benefits), recent BAS statements or financials, details of the vehicle(s) to be purchased, and identification documents. Low doc options are available for newer businesses.
Is a chattel mortgage or hire purchase better for my business?
A chattel mortgage provides ownership from day one, GST input credit claim, interest deduction, and depreciation. Hire purchase also leads to ownership but at the end of the term, and GST is claimed progressively on each payment. For most businesses, chattel mortgage is more tax-efficient because of the upfront GST credit. Consult your accountant for advice specific to your situation.
Can a new business get vehicle finance?
Yes, though options are more limited for businesses under 2 years old. Low doc finance is available for ABNs active for 6+ months, using BAS statements or bank statements as income verification. New businesses may need a deposit of 10-20% and may face slightly higher rates. Our brokers specialise in finding finance for newer businesses.
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