Simpler Way to Source Affordable Sole Trader Car Loans
Operators working solo as self-employed businesses can often find it hard to access affordable financing for vehicles. We turn those hard tasks into an easy-going, streamlined vehicle financing experience. As brokers we can access a large number of different types of lenders including those that do offer affordable options for self-employed operators. As a starting point, and as an indication of what we can achieve, use our latest interest rates to compare options. Or just submit your request for a quote specific to your business and your vehicle – it’s that easy!
Easy Tip: GST is not essential but as it can be considered a positive by some lenders, operators may consider registering prior to applying for motor vehicle financing.
Easy-to-Use Interest Rate Comparison for Sole Trader Car Loans
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Easy Access to Affordable Sole Trader Car Loans
Self-employed operators can be either new and just starting out or well-established, having chosen this option for their working format many years ago. Many individuals are turning to self-employment as a work-life choice, to generate a secondary income or as the starting point for establishing a small business. Whatever your situation, we provide access to motor vehicle financing to suit the individual circumstances.
- Access specialist sole trader car loan lenders.
- Overcome the hard tasks of sourcing sole trader car finance.
- Car Loans for self-employed, owner-operators, contractors, freelancers.
- New and long-term sole trader motor vehicle finance.
Depending on the stage of the business, the size and the turnover, applicants may or may not meet all the criteria for business finance as established by banks and other lenders in the market. Some lenders require a minimum trading period of 12 to 24 months, some require minimum turnover, some require extremely strong financials. Where a self-employed individual can’t tick all those boxes they may find their application rejected. Where they do tick all the boxes, they may still face different offers due to their size.
As motor vehicle financing brokers, we have many lenders from which we can select the one that suits each application. Lenders that we know do offer self-employed business affordable vehicle finance interest rates and workable credit conditions. Making the process of accessing vehicle finance must easier.
We provide our service to all types of entities where the owner operates solo, across all industries. That includes owner-operators in construction, transport, courier drivers, freelances in creative and other fields, agricultural growers and producers, online traders and contractors in IT and other fields.

Types of Sole Trader Car Loans
Self-employed operators have the same choice of motor vehicle financing products as all other businesses when their credit application is approved. The selection of commercial credit products have differences with:- accounting method suitability; the way a tax deduction is realised; the ownership of the vehicle through the credit term which then affects the balance sheet; the way GST is treated; and the interest rate.
When the credit is approved, self-employed businesses can realise the relevant tax benefits of their selected credit option. Business owners should take into account these aspects in relation to their own objectives and it is advisable that they seek advice from their accountant to assist with the selection.
- Chattel Mortgage Sole Trader Car Finance
- Sole Trader Car Lease
- Commercial Hire Purchase Sole Trader Car Financing

Sole Trader Car Financing – All Types of Vehicles
A wide range of vehicles can be financed with self-employed vehicle financing. To be eligible as a business vehicle for tax purposes, the vehicle must be for predominantly use in that business.
- Sole Trader Ute Finance
- Sole Trader Commercial Van Loans
- SUV, Passenger Car Loans for Sole Traders
Request a Quote, Submit an Application
We make the process of applying for motor vehicle finance as a self-employed business a simple process. Just submit your details for a quote or apply online. We’ll source the most suitable bank or non-bank lender, the lowest interest rates and respond with a quote for your consideration.
Requirements for Sole Trader Vehicle Finance
To be eligible for business vehicle financing, operators of all sizes, including the self-employed, must have a current Australian Business Number (ABN). Registration for GST is not an essential requirement to be eligible. But some lenders can view applications with GST rego in a more favourable light as registration is essential for all businesses with a turnover of $75,000+.
A range of financial documentation is requested in the standard commercial finance application form for all businesses. These documents include income tax returns, BAS returns, annual accounts, bank statements and similar which are evidence of the financial position and turnover of the business. Where insufficient documents are provided to meet the lender’s approval criteria, self-employed business owners may speak with us about our Low Doc and No Doc options. This may especially apply to new and start-up operations.
With many self-employed credit applications, the lender will assess the financial position of the business owner as well as the business itself. In some cases, extra collateral in addition to the vehicle being purchased, may be requested. For some applications, lenders may also place a limit on the amount for the credit. Where no limit is applied, self-employed operators can consider borrowing the full purchase price of the vehicle.
- ABN required, GST registration not essential.
- No deposit sole trader car loans options.
- Competitive rates car loans for sole traders
- Low Doc options for start-up sole trader car finance.
Contact Easy Car Finance for a simpler route to achieving affordable, lower rate car loans for sole traders and self-employed operators.
Frequently Asked Questions
Sole Trader Car Financing
What loans are available for sole traders to get car finance?
Self-employed operators, when approved for funding, can choose between Leasing, Commercial Hire Purchase and Chattel Mortgage for their motor vehicle credit.
Will my sole trader car loan be tax deductible?
Yes. When vehicle funding is finalised, self-employed operators can realise the relevant tax deductions for the credit product selected.
Can I get a balloon on a sole trader Chattel Mortgage car loan?
Yes. A balloon is an option with Chattel Mortgage and Commercial Hire Purchase.
What type of cars can be financed with a sole trader car loan?
All types of motor vehicles to be used in a business may be funded with commercial financing.
I’m not registered for GST, can I still get a sole trader car loan?
GST registration is not an essential criteria for commercial funding approval.
I’m planning to make the move to work for myself and need a loan to buy a courier van. What are my options?
New and start-up businesses may not have all the documents and financials that are requested by banks and non-bank lenders for commercial funding. Where that is the case, they may seek lenders and brokers that have low doc and no doc motor vehicle funding options.
Can a contract tradie get a sole trader loan for a work ute?
Yes. Utes are included in the type of vehicles which can be funded with commercial motor vehicle credit.
How can I get an idea of my sole trader loan before I apply?
Self-employed operators can use a motor vehicle financing calculator to get a rough estimate of funding options.
What interest rate can sole traders get on car finance?
Interest rates for commercial motor vehicle funding is subject to lender assessment of individual applications. Self-employed operators with a good and lengthy trading history and strong financials may expect a competitive rate.
Is there a limit to how much a sole trader can borrow on a car loan?
Lenders will assess the turnover and financials of each application when preparing finance offers. Lenders may place a maximum on the amount they will approve.