Typical uses
- Upgrading older vehicles
- Purchasing new vehicles
- Expanding your business
- Reducing the amount of cash spent on big ticket items
- Making the most of government initiatives
Vehicle finance for small businesses
A business car loan is a way to purchase a vehicle for your business while spreading the cost out over time.
Requesting a quote has no impact on your Credit Score.
What is a business
car loan?
Also known as a chattel mortgage, a business car loan allows you to purchase a vehicle for your business while spreading the cost over time. You own the vehicle from day one, but it's used as security for the loan—much like a mortgage.
Once the loan is paid off, the car is fully yours with no strings attached. It’s a smart way to manage cash flow while expanding your business and it may come with tax benefits, like the government's instant asset write-off.
More about business vehicle finance
Eligible assets
- New or used cars
- Vans
- Utes
- Trucks
- Trailers
- Premium vehicles
- Electric and hybrid vehicles
Common industries
- Construction
- Agriculture
- Transport and logistics
- Trades
- Real estate
- Healthcare
- Hospitality and catering
- Mobile services, like cleaning or dog grooming
Eligibility
You may be eligible for a business car loan if your business:
- Has an active ABN or ACN
- Is registered and operating in Australia
- Has been trading for at least 6-12 months
Specific criteria can vary between lenders and products.
Get a quote
Requesting a quote has no impact on your credit score.
The benefits of business vehicle finance
Frees up cash flow
Spread the cost of the vehicle over time and keep more cash in your business.
Existing debt doesn't usually affect approval.
Lenders often focus on the value of the vehicle rather than your current debt levels.
Eligible for tax benefits.
You may be able to claim immediate deductions under government initiatives.
Lower interest rates.
The vehicle secures the loan, so interest rates are typically lower than unsecured options.
Unlock value from old vehicle.
Selling existing vehicles and financing new assets can boost cash flow without hurting operations.
Frees up cash flow
Spread the cost of the vehicle over time and keep more cash in your business.
Existing debt doesn't usually affect approval.
Lenders often focus on the value of the vehicle rather than your current debt levels.
Eligible for tax benefits.
You may be able to claim immediate deductions under government initiatives.
Lower interest rates.
The vehicle secures the loan, so interest rates are typically lower than unsecured options.
Unlock value from old vehicle.
Selling existing vehicles and financing new assets can boost cash flow without hurting operations.
Frees up cash flow
Spread the cost of the vehicle over time and keep more cash in your business.
Existing debt doesn't usually affect approval.
Lenders often focus on the value of the vehicle rather than your current debt levels.
Eligible for tax benefits.
You may be able to claim immediate deductions under government initiatives.
Lower interest rates.
The vehicle secures the loan, so interest rates are typically lower than unsecured options.
Unlock value from old vehicle.
Selling existing vehicles and financing new assets can boost cash flow without hurting operations.
Things to consider before applying
Potential drawbacks to be aware of
- Business car loans often come with stricter terms than unsecured alternatives.
- Some lenders charge penalties if you pay off the loan ahead of schedule.
- Some lenders may include extra fees and charges.
- If the vehicle’s value drops, you might owe more than it’s worth.
Questions to ask yourself
- Is my current vehicle getting unreliable, hard to use, or outdated?
- Am I comfortable committing to a loan term of 3–7 years?
- 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?
At a glance
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
Requesting a quote has no impact on your Credit Score.
Potential lenders
How to apply for a business car loan
STEP 1: GET A QUOTE
Tell us about your business loan needs and immediately receive quotes from over 90+ bank and non-bank lenders.
STEP 2: GET APPROVED
Confirm your quote and we handle your business loan approval so you can focus on what matters—your business.
STEP 3: GET FUNDED
Sign your finance documentation and receive funding. It is that simple.
Get a quote
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
How we help fuel your business growth
ONE APPLICATION TO 90+ LENDERS
We simplify business finance by handling the hard work. Complete a quick form or speak with a specialist, and we’ll match you with the right solution from 90+ lenders—often within 24 hours.
PERSONALISED SUPPORT
Our expert brokers cover all areas of commercial finance. From your first quote to settlement and beyond, you’ll have a dedicated broker by your side—ready to support your funding needs now and in the future.
BUILT FOR AUSTRALIAN SMEs
Since 2015, we’ve helped over 30,000 Australian SMEs across every industry access $3 billion in funding—supporting them through challenges and unlocking new opportunities.
Learn more about business car loans
FAQ's
How do business car loans work?
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.
What are the requirements for corporate car finance?
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.
How can I apply for a business car loan?
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.
What types of business vehicle loans can I access?
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).
What types of vehicles can I finance?
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.
Can I get a loan for a second-hand vehicle?
Yes, you can finance used cars for your business. Keep in mind that loan terms may be shorter for older vehicles.
What are the interest rates for equipment finance?
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.
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