Easily, Efficiently Secure Small Business Car Loans

One of the biggest challenges for owners of smaller enterprises is finding the time to get through everything on their schedule. When it’s time to sourcing funding for new motor vehicles for the operation, not having the time to cover off on all the options can mean having to settle for an offer which may not be the lowest rate offer possible. We solve that issue with our services to efficiently and easily secure motor vehicle financing for smaller operators.

Spend your time working in and on your business, while we take care of your car finance business.

Compare Rates, Loan Options
for Small Business Car Finance

There is no need to take time and attention away from your operation to source the cheapest rates on motor vehicle financing. We handle those time-consuming tasks for you. We present the rates we’re currently sourcing in a simple comparison table. Making it a quick and easy task to compare the finance types, compare vehicles and consider how the estimated repayments will work with your cash flow. For a quote that is based specifically on your requirements, just submit your details and we’ll do the work.

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*The comparison rate shown is calculated based on a $30,000 loan for a 5 year term. The results derived using this calculator should be utilised for indicative purposes only. The repayments calculated are based on the advertised interest rates and do not include the charges and fees applicable by lenders. The results shown do not in any way represent a pre-approval or re-qualification for finance, they do not represent a finance quote. The exact details pertaining to your finance will be provided in any loan contract or offer. It is advised that those seeking loan quotes contact us directly so tailored advice can be provided.
Man driving insider his car.

How We Help with Small Business Car Loans

We assist smaller enterprises of all sizes – sole traders through to SMEs, to easily secure motor vehicle funding at the lowest interest rates. As many operators will be well aware, some lenders can make it difficult for smaller enterprises to get affordable credit. Many have strict criteria around minimum turnover, assets and security, strength of financials and other aspects of the application process.

  • Matching customer profiles with our small business car loan lenders.
  • Fast, efficient and easy procedure to source cheaper rate car finance.
  • Small businesses of all sizes and in all industries.
  • Australia-wide small business car financing.

 

But there are lenders that offer competitive rates and workable credit for smaller operators and we make it easy for our customers to find those lenders. We cut the time that would be needed to contact multiple banks and other lenders for quotes and approval criteria in order to be able to be confident that the most suitable option has been found.

We handle that for you. As a broker we have connections with a large number of lenders – both banks and non-bank lenders, and the resources to match customer profiles with lenders that best suit the enterprise and the vehicle. Where an operator is new and doesn’t have the financials required for the application, we offer lenders that provide Low Doc and No Doc financing and lenders that approve applications based on 6 months of strong turnover figures. We have a wide range of lenders to suit the diverse nature of smaller enterprises in Australia.

Our service can be used by operators throughout Australia via our online resources.

We source the cheapest interest rate quotes and deliver them directly to your inbox. All while you continue working in your own enterprise. It is that easy and it is an extremely efficient and astute way to source motor vehicle funding. Request a quote now.

woman next to a car.

Applying for a Small Business Car Loan

The essential requirement for commercial funding is to hold a current Australian Business Number (ABN). Being registered to charge and claim GST is not an essential requirement. The application also requires a range of financials documentation be provided:- income tax returns; BAS returns; annual accounts; turnover figures; profit and loss statements; bank statements; and similar. Where possible, enterprises are encouraged to provide as much of this information as they have available to support their application.

Where insufficient financials are available as the operation has only been up and running for a short period, our Low Doc and No Doc credit options can be considered.

To apply with us, just upload your details and we’ll respond promptly with the quote.

  • ABN essential.
  • Financials required.
  • No Doc and Low Doc where no financials available.

man touching a car.

Small Business Car Loan Facilities

Smaller enterprises can utilise the same credit facilities as larger companies when financing motor vehicles. The facilities have varying features in regard to how they work with accounting methods, the way tax is treated, who owns the vehicle during the credit term, how the vehicle is treated as an asset with the balance sheet and with the interest rate. Speak with your accountant about the options to ensure the most appropriate for your set-up is selected.

  • Small Business Chattel Car Mortgage
  • Small Business Car Leasing
  • Commercial Hire Purchase Car Finance Small Business
  • Fixed rates, fixed terms up to 7 years, fixed repayments

Request a Small Business Car Loan Quote

Working with us to source the most affordable motor vehicle finance on the market is simple, efficient and extremely effective. Simply upload your details and you’ll receive a quote based on your requirements and sourced from across a vast number of lenders.

Types of Vehicles Financed with Small Business Car Finance

All types, makes and models of motor vehicles which are used in a commercial enterprise can be financed. This includes work vehicles such as utes and cab chassis, light commercial vans, SUVs, limousines, multi-people vehicles and passenger cars.

Frequently Asked Questions
Small Business Car Financing

Is Chattel Car Mortgage available for small businesses? FAQ Arrow

Yes. The financing facilities for smaller operators include Chattel Mortgage, CHP and Leasing.

What finance terms are offered on small business car loans? FAQ Arrow

The credit term on vehicle financing is subject to the lender’s assessment of the application. Terms of up to 84 months can be offered.

We’re a small florist and need a delivery van. What are our car finance options? FAQ Arrow

Light commercial vans can be financed by smaller enterprises with either Chattel Mortgage, CHP or Leasing.

Can I get approved for a small business car loan before I make the decision on which vehicle? FAQ Arrow

Yes. Pre-approved vehicle financing is available.

What are the tax deductions on small business car loans? FAQ Arrow

Leasing has tax deductible repayments. Operators choosing Chattel Mortgage and CHP can get a tax deductions via depreciating the vehicle according to the ATO schedule.

Are used car loans the same as new car loans for small businesses? FAQ Arrow

The same credit facilities are available for both new and second-hand vehicles. Second-hand vehicles are assessed for age and condition as part of the application approval process.

Is there any way to get an idea of my small business car loan before I apply? FAQ Arrow

Yes. Buyers can use an online calculator to get rough estimates of vehicle financing.

Is a balloon allowed on small business car loans? FAQ Arrow

Chattel Mortgage and CHP include a balloon option. The amount of a balloon is subject to lender approval.

Chattel Mortgage and CHP include a balloon option. The amount of a balloon is subject to lender approval. FAQ Arrow

Yes. The same credit facilities are available for utes and cab chassis as well as passenger vehicles.

Is the interest rate for small business car loans fixed or variable? FAQ Arrow

Commercial vehicle credit is typically secured at a fixed interest rate.