tailored & efficient
BUSINESS CAR LOANS

A business car loan is a financing option where a lender provides funds for a company to purchase vehicles for business use. The loan is typically secured against the vehicle(s), and once the final repayment is made, your business owns the vehicle(s) outright.

Business car loans can help preserve working capital, potentially offer tax benefits, and allow for the acquisition of necessary vehicles without a large upfront cost. They can also help in managing cash flow through structured repayments.

Business car loans are specifically designed for company use and may offer different terms, tax implications, and financing options compared to personal loans. They often allow for the financing of multiple vehicles and may have different eligibility criteria.

Yes, most business car loans can be used to finance both new and used vehicles, depending on the lender’s policies and the age of the vehicle.

Business car loans can typically finance a wide range of vehicles including cars, utes, vans, trucks, and other commercial vehicles essential for business operations.

epayments are usually made in regular installments over a set term. The structure can often be tailored to suit your business’s cash flow, with options like balloon payments sometimes available.

Business vehicle expenses, including loan interest and depreciation, may be tax-deductible. However, tax treatment can vary based on factors like vehicle use and business structure. We recommend consulting with a tax professional for advice specific to your situation.

A business car loan might be suitable if your company needs vehicles for operations but wants to preserve cash flow. Factors to consider include your business’s financial situation, vehicle needs, and long-term goals. Our brokers can help assess your specific circumstances.

Brokers typically have access to multiple lenders, potentially providing you with a wider range of loan options. This can save you time and effort, as the broker does the legwork of approaching various lenders on your behalf. Brokers bring specialised expertise in finance products and lender criteria, which they can apply to your specific business situation. They may also offer more personalised service, guiding you through the application process and providing ongoing support. While banks offer valuable services, a broker’s role is to help you navigate the market’s options, tailoring their approach to your business needs and financial circumstances.