Business Car Loan

A business car loan is a way to purchase a vehicle for your business while spreading the cost out over time.

Apply for a LoanContact Us
Requesting a quote has no impact on your Credit Score.
Business Car Loan

Overview

A business car loan is a way to purchase a vehicle for your business while spreading the cost out over time. You will own the vehicle from day one, but it's used as security for the loan (similar to a house and a mortgage). Once the loan is paid off, the car is fully yours with no strings attached. Perfect for staying on budget while growing your business. These types of loans are also sometimes referred to as Chattel Mortgages. Did you know your business assets might qualify for the government’s instant asset write-off or temporary full expensing? These programs let eligible business owners claim an immediate tax deduction for certain asset purchases. Check out the ATO website for all the info.

Cash Flow
Cash Flow Facilities
Asset Finance
Asset and Equipment Finance
Property Finance
Property Finance
Business Car Loan

Features

01
-
01

Typical Uses

Pros

Cons

Think About

  • Upgrading older vehicles.
  • Purchasing new vehicles.
  • Expanding your business.
  • Reducing the amount of cash spent on big ticket items.
  • Frees up cash for other areas of the business.
  • Existing debts don’t usually affect approval.
  • Can sometimes qualify for government tax incentives.
  • Interest rates are often lower than unsecured loans.
  • Selling your old vehicle can give you a cash boost.
  • Stricter terms compared to unsecured loans.
  • Early loan payouts may incur fees depending on the lender.
  • Some lenders may include extra fees and charges.
  • If the vehicle’s value drops, you might owe more than it’s worth.
  • Is maintaining my current vehicle costing too much?
  • Am I comfortable with a 3–7 year loan?
  • If I'm selling my current vehicle, do I want the cash to go to the loan or into my pocket?
  • Is a new vehicle part of business expansion?
Typical Uses
  • Upgrading older vehicles.
  • Purchasing new vehicles.
  • Expanding your business.
  • Reducing the amount of cash spent on big ticket items.
Pros
  • Frees up cash for other areas of the business.
  • Existing debts don’t usually affect approval.
  • Can sometimes qualify for government tax incentives.
  • Interest rates are often lower than unsecured loans.
  • Selling your old vehicle can give you a cash boost.
Cons
  • Stricter terms compared to unsecured loans.
  • Early loan payouts may incur fees depending on the lender.
  • Some lenders may include extra fees and charges.
  • If the vehicle’s value drops, you might owe more than it’s worth.
Think About
  • Is maintaining my current vehicle costing too much?
  • Am I comfortable with a 3–7 year loan?
  • If I'm selling my current vehicle, do I want the cash to go to the loan or into my pocket?
  • Is a new vehicle part of business expansion?
Typical Uses
  • Upgrading older vehicles.
  • Purchasing new vehicles.
  • Expanding your business.
  • Reducing the amount of cash spent on big ticket items.
Pros
  • Frees up cash for other areas of the business.
  • Existing debts don’t usually affect approval.
  • Can sometimes qualify for government tax incentives.
  • Interest rates are often lower than unsecured loans.
  • Selling your old vehicle can give you a cash boost.
Cons
  • Stricter terms compared to unsecured loans.
  • Early loan payouts may incur fees depending on the lender.
  • Some lenders may include extra fees and charges.
  • If the vehicle’s value drops, you might owe more than it’s worth.
Think About
  • Is maintaining my current vehicle costing too much?
  • Am I comfortable with a 3–7 year loan?
  • If I'm selling my current vehicle, do I want the cash to go to the loan or into my pocket?
  • Is a new vehicle part of business expansion?

Potential Lenders

Further Information

MAXIMUM LOAN AMOUNT

NA

MINIMUM LOAN AMOUNT

$5,000

SPEED

Fast

INTEREST RATE

From 6.99%

MAXIMUM LOAN TERM

7 years

MINIMUM LOAN TERM

3 Months

Apply For LoanContact Us
Requesting a quote has no impact on your Credit Score.

What Sets Us Apart

DIY business loans
Lender access
Access to 90+ lenders matched to your business profile
Limited to the lenders you can find
Expert guidance
A lending expert is with you every step of the way
No expert help- you're on your own to understand requirements and loan options
Time investment
One single application
Multiple applications and follow-ups with different lenders
Matching accuracy
Our product-matching software combined with human insight pairs you with best-fit lenders
Trial and error- may apply to several lenders who aren't suitable
Application process
Streamlined, digital, and guided
Manual and varies across lenders
Approval speed
Funding in as little as 24 hours
Slower, as each lender has its own process
Chances of approval
Higher chance of approval with tailored lender matching
Risk of rejection when applying with the wrong lender or product
Understanding loan terms
Our lending experts make sure you fully understand the terms before you say yes
‍
You’ll need to interpret lender jargon and fine print yourself
Get a quote
Requesting a quote has no impact on your Credit Score.

How We Help Fuel Your Business Growth

ONE APPLICATION TO 90+ LENDERS

At Valiant, we do the heavy lifting of your loan application. All you need to do is complete one easy form (which takes just 5-10 minutes) or jump on a quick call with one of our specialists.

From there, we use our leading product-matching software to find the right solution for you from over 90+ trusted lenders.

There's no need for endless paperwork or back-and-forth with multiple banks. Thanks to our streamlined process we can help you secure the right deal in as little as 24 hours.
Get Started

PERSONALISED SUPPORT

With a team of experienced brokers, we operate across all niches of commercial finance. No matter what your funding needs or business goals are, there's someone at Valiant who can help you.

From the moment you request a quote, you're paired with a broker who'll guide you from application to settlement.

And it doesn't end there. After approval, your broker becomes your go-to partner for future funding needs.
Group of people having a discussion
4
k+
REAL REVIEWS
4.9
ON TRUSTPILOT
4.8
on google reviews

FAQ's

What types of business vehicle loans can I access?
How can I apply for a business car loan?
What are the requirements for business car finance?
How do business car loans work?

Hear From Our Clients

This will be a short blurb about the Carpenter and his business and how financing helped his needs etc

See Your OptionsContact us
Trustpilot
Trustpilot
Trustpilot
Trustpilot

Awards

Our milestones are a testament to the amazing people behind Valiant.