Business Car Loan

A business car loan provides you with a lump sum of money to buy a car for your business, with the cost being spread out over time. You'll own the vehicle from the get-go, but it serves as collateral for the loan. Once the loan is fully repaid, the car is fully yours, no strings attached.

Every lender has different requirements, and each application form will have its own set of questions. At the very least, for most business loans, you can expect to provide business registration details, financial, tax and cash flow statements, and balance sheets.

Applying for business vehicle finance is as simple as filling out our two-minute form. Our lending experts will then get in contact to confirm your details and find the right type of vehicle finance for your needs.

There are three main ways to finance business vehicles:
- Equipment loan: Your lender will provide you with funding to purchase a business vehicle (which you'll own from day one) and they’ll then use it as collateral in case you default on your loan.
- Hire-purchase agreement: Your lender will purchase a car on your behalf for you to borrow. They’ll own the vehicle until you pay it off in full—in which case you’ll own it outright.
- Term loan: Secured and unsecured term loans can be used for many business purposes, including investing in assets. Your lender will give you a lump sum and you’ll make regular repayments (usually monthly).

You can finance most new or used vehicles used for business purposes—including cars, vans, trucks, utes, motorcycles, electric and hybrid vehicles, luxury cars, and speciality vehicles like refrigerated trucks or trailers.

Yes, you can finance used cars for your business. Keep in mind that loan terms may be shorter for older vehicles.

With Valiant, vehicle finance interest rates start from 6.99% p.a., but the exact rate you receive may vary based on factors like your business's credit score, the type of vehicle you're financing, and the structure of your application.