Question 1

What is an ABN car loan?

Accepted Answer

ABN car finance is a form of business vehicle funding available to Australian ABN holders such as sole traders, partnerships, and various other types of companies. ABN car loans are designed for business use. Choose from Chattel Mortgage, Rent-to-Own, Commercial Hire Purchase, and Leasing.

Question 2

Who is eligible for an ABN car loan in Australia?

Accepted Answer

To be eligible for an ABN car loan, you must have a valid ABN. At least 2 years of trading history is preferred by lenders, as well as BAS statements and other financial records. We also offer Low Documentation car loans for businesses lacking the traditional paperwork for a traditional loan.

Question 3

What vehicles can I finance with an ABN car loan?

Accepted Answer

Our ABN car loans are available for all types of vehicles intended for business use. Whether you’re buying an everyday passenger vehicle, or a work-ready model - we can finance it. Both new and used cars are generally accepted, however, mileage, age and condition restrictions may be applied.

Question 4

What documents are required for an ABN car loan?

Accepted Answer

For an ABN car loan, a range of documentation is required. Standard ABN car loans will require business activity statements, tax returns, financial reports and more. Newer business may be able to apply via our no or low doc car loan options which allow approval to be provided with limited documentation provided.

Question 5

What are the benefits offered by ABN car finance?

Accepted Answer

Our ABN car loans provide a number of advantages for business owners. Repayments and interest are generally tax-deductible, and GST is often able to be claimed upfront. Structure your loan to align with your business budget, setup and sizes. Our ABN funding option also allows businesses quicker access to the vehicles they require.

Question 6

How do ABN car loan interest rates compare?

Accepted Answer

Interest rates for ABN car loans vary based on the borrower’s specific credit profile, requested loan type, and the vehicle itself. Secured loan facilities, like Chattel Mortgage, attract lower interest rates, while low doc loans carry slightly higher ones.

Question 7

Can sole traders apply for an ABN car loan?

Accepted Answer

Yes. One of our most common applicants for an ABN car loan is a sole trader. Provided you have a valid ABN, sole traders can access business vehicle finance seamlessly through Easy.

Question 8

What loan terms are available for ABN car funding?

Accepted Answer

Our ABN car loans will typically range from 1 to 7 years. These loan term options provide flexibility for repayments to be aligned with a business’s cash flow and vehicle use. By selecting a shorter loan term, the total interest paid is reduced, but the monthly repayments are higher. By selecting a longer loan term, the monthly repayment amount is lower, but the amount of interest paid is reduced.

Question 9

Can I get an ABN car loan without providing full documentation?

Accepted Answer

Yes. We provide funding to many ABN holders through our low doc and no doc funding solutions. Businesses without complete financial records will generally apply for these facilities.

Question 10

Can I claim tax deductions on ABN car loans?

Accepted Answer

Yes. Our ABN car loans provide a range of tax benefits for our business applicants. Choose the right funding structure and repayments for your business and achieve a solution well-aligned to harness maximum tax effectiveness.

ABN Car Loans for Australian Business Owners

Why Choose Easy Car Finance for Your ABN Car Loan

Benefit of ABN Car Loans for Businesses

Australia’s Easiest Car Finance