Vehicles financed on business terms
Business Car Loan
Finance a car, ute, van or a whole fleet against the vehicle itself, with a structure built for a business balance sheet rather than a personal one.
- Amount
- $10,000 - $250,000
- Term
- 1 - 7 years
- Security
- The vehicle
- Funding
- 24 - 48 hours
How it works
What is a business car loan?
A business car loan, most often a chattel mortgage, puts the vehicle on your books from day one, so you claim the depreciation and, where the vehicle is used for business, the GST on the purchase price up front.
Because the vehicle secures the loan, rates sit well below unsecured funding, and dealer, auction and private-sale purchases are all financeable. Balloon payments can lower the monthly figure if you'd rather preserve cash now.
Who is it for?
- Trades and service businesses adding utes or vans
- Companies replacing or expanding a fleet
- Sole traders and contractors buying a work vehicle
- Businesses wanting the vehicle on the balance sheet
Common uses
- Work utes, vans and light commercial vehicles
- Company and executive cars
- Fleet expansion or scheduled replacement
- Trucks and heavier commercial vehicles
- Refinancing an existing vehicle to free up cash
Questions
Common questions answered
Other options
Explore the rest of our funding
Unsecured term loan
Funding without putting up property
$5,000 - $500,000Secured term loan
Lower cost, longer terms, larger amounts
$50,000 - $1M+Line of credit
Funds on standby, interest only on what you use
$10,000 - $500,000Equipment & asset finance
The asset secures itself
$10,000 - $1M+Invoice finance
Get paid now, not in 60 days
Up to 85% of invoice valueTrade finance
Fund the gap between paying suppliers and getting paid
$50,000 - $1M+Development & construction
Funding drawn down as the build progresses
$500,000 - $20M+