Request Quote
Business Finance Quote Request

Your Details

Loan Amount *

Terms of Loan *

Loan Type *

By submitting this form you agree to our T's&C's *

Business Car Loans | Commercial Lending

16 Mar Today's
best rate
Finance Equipment From
{{Advertised Rate Only}} %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 23/03/2023 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Compare Business Car Finance Interest Rates

Different types of lending attract different interest rates. We’ve compiled the rates we’re offering in this comparison chart for a quick and easy reference. Enter the loan amount and term you want and the function auto-calculates corresponding repayment estimates for all loan types

Loan Amount
Loan Term
New Equipment Loan
2.79% Starts At
$569.75
Monthly repayment
Used Older Secured Equipment Loan
4.50% Starts At
$612.5
Monthly repayment
Business Loans - Unsecured
7.99% Starts At
$699.75
Monthly repayment
Business Loans - Secured
2.95% Starts At
$573.75
Monthly repayment
Overdraft - Non Bank
9.95% Starts At
$748.75
Monthly repayment
Chattel Mortgage
2.79% Starts At
$569.75
Monthly repayment
Operating Leases
4.60% Starts At
$615
Monthly repayment
Commercial Hire Purchase
2.79% Starts At
$569.75
Monthly repayment
Rent To Own
9.95% Starts At
$748.75
Monthly repayment
Loan Product Interest Rate
Starts at:
 Monthly Repayment
New Equipment Loan 2.79%
$569.75
Used Older Secured Equipment Loan 4.50%
$612.5
Business Loans - Unsecured 7.99%
$699.75
Business Loans - Secured 2.95%
$573.75
Overdraft - Non Bank 9.95%
$748.75
Chattel Mortgage 2.79%
$569.75
Operating Leases 4.60%
$615
Commercial Hire Purchase 2.79%
$569.75
Rent To Own 9.95%
$748.75
Get a free quote

Disclaimer: This device is provided only for the purposes of comparing different rates and loans. This is not application form. The results generated from using this device do not indicate a loan approval, a loan quote or an offer. The interest rate on the loan you may be offered may be different from the rates as currently advertised. The repayments on a loan offered to you may vary from that calculated. All the charges and fees that apply to contracts may not be included in the formulae

Business Car Finance

The motor vehicle sector is the most popular area of finance in both consumer and business loans. In vehicle finance all major banks and a large number of other lenders are active in the sector and the competition is strong to capture business. For businesses, that can mean highly attractive loan offers at low interest rates on a wide range of vehicles.

Our business lending company has connections with a large number of lenders to provide you with a wide choice in sourcing the best business car loan deal.

All types of businesses can apply for car finance – SMEs, large corporations, owner-operators, partnerships and sole traders with an ABN may also be eligible for a car loan.

Both new and used vehicles can be financed however some lenders place limits on the age of cars that they will finance.

  • Wide Choice of Lenders Available
  • Major Bank and Non-bank Lender Car Finance
  • Tailored Finance Deals
  • Secured and Unsecured Vehicle Loans
  • Flexible Solutions

The major banks and lenders that offer motor vehicle loan will advertise their offering on their website so it’s easy to see what is available across the market in generic terms. Most leading car manufacturers also offer car loan through their dealers. While arranging finance through the dealer while purchasing a new vehicle may appear convenient, it may not always be the cheapest or best deal available. You shop around for the best deal on your vehicle purchase so it makes sense to consider all options when it comes to finance. 

With so much competition in business car loans, doing your research into finding the best offer may pay dividends in lower repayments. Alternatively, and preferable, engage a broker with specialist motor vehicle finance expertise to do that time-consuming work for you.

  • New and Used Car Finance
  • Finance for All Makes and Models
  • Dealer Purchases, Private Sales, Auction Buys
  • Pre-Approved Car Finance
  • Cheap Interest Rate Vehicle Lan
  • Fleet Loan

Types of Motor Vehicle Loans

There is a full range of commercial loan products available to finance vehicles – sedans, passenger cars, utes, SUV, wagons, MPVs across the economy, mid-size and luxury ranges.

  • Commercial Hire Purchase (CHP) – flexible and popular choice of finance
  • Chattel Mortgage – most commonly-used finance type
  • Motor Vehicle Leasing – off-balance sheet options
  • Novated Car Leasing with Salary Sacrificing – for businesses choosing to provide a vehicle for an employee
  • Solutions for Low Docs Loan, No Doc Loan, ABN-only, Bad Credit Finance for cars – applications addressed individually

Each of these commercial motor lending products offers a range of benefits and are advised to consult with their accountant as to which specific facilities will deliver the best outcome for commercial organisations.

Variations in the loan types include suitability for either cash accounting method or accruals accounting method; treatment of GST and tax deductions; depreciation; balance sheet entry; and ownership throughout the loan term.

Business finance deals include:

  • Fixed interest rates
  • Fixed loan term up to 7 years
  • Fixed repayments
  • Options for balloon/residual/payout
  • Structured solutions
  • No deposit usually required

Please refer to our web pages for each of these finance types for all the details.

Sourcing Cost-Effective Business Car Finance

To save you time and the hassle of contacting multiple lenders yourself, simply request a list of lenders from us that are suited to your car purchase requirements.

We have connections with a large number of lenders that offer highly competitive commercial vehicle loan deals and with brokers that are highly experienced in motor lending.

Connect with us for lenders and brokers that offer cost-effective and tailored loan.

Business Car Finance FAQs

Buyers have a number of options to consider in regard to choice of lending for their vehicle. The interest rates vary across the options as do the features, benefits and suitability for different commercial set ups. To assist with your decision-making, we’ve covered off on a number of typical questions that you may have. For a quote or to commence an application, simply contact us.

What business car loan types are available?   

For the purchase of cars for use in a commercial setting have the choice of Chattel, Leasing, Commercial Hire Purchase and Novated Lease with Salary Sacrificing. These are based on a secured loan format and vary in interest rates, suitability to either the cash or accruals accounting method and in the way a tax benefit is derived. The treatment of GST and balance sheet entry also varies. Where a vehicle is not suitable to offer as security against a loan, organisations may consider an Unsecured Commercial Loan. The interest rate on this type of loan will be higher than for the secured format loans. Organisation are strongly advised to refer to their accountant for advice on selecting the loan product that will best meet their individual requirements.

What is the criteria for commercial vehicle finance vs personal car loans?   

To be eligible for a loan, the vehicle being purchased must be for use primarily in the organisation. The buyer must be a commercial entity in some form with a current ABN. Where a car is primarily for private purposes and is being purchased by an individual, a personal car loan applies. If a personal vehicle is used for some work-related purposes, the employee would need to make suitable compensation arrangements with the employer. To ensure car buyers are meeting their obligations in regard to taxation and other regulations, the ATO sources car registration data from state motor departments to match against their own records.

Is no deposit finance available for car finance?   

Yes. Typically a commercial buyer will be seeking to lend 100% of the purchase price of a car and many banks and lenders offer no deposit credit. Within the lending sector, no deposit does mean 100% lending. Any deposit required by the car seller is a different matter. If you do need to pay a holding deposit this should be able to be redeemed back from the seller when the lender settles the fill purchase price. In addition to the purchase price, additional costs such as rego and in some cases the first year of insurance coverage can be included in the package. Subject to lender approval.

Are interest rates the same for all commercial car finance?    

No. The interest rates applicable to the different types of loans vary. The rates vary from lender to lender and also across the types lending. Chattel Mortgage, which is often referred to as Vehicle Loan or Vehicle Loan, and Commercial Hire Purchase typically have similar interest rates due to the nature of this type of loan. Leasing tends to have a higher rate. The rates advertised on this website are based on new goods. Some second hand cars may attract a different type of loan and higher interest rate. This may be a secured loan for used cars or equipment.

Do the same finance products apply to all types of business vehicles?   

Yes. The standard commercial facilities suited to the purchase and commercial vehicles apply across the board to all types of cars. These facilities include Chattel, Commercial Hire Purchase and Leasing. Chattel is the most popular form of lending as it suits a vast range of organisation that use the cash accounting method. These products can be used to purchase passenger cars, SUVs, utes, cab chassis, 4x4s, double cab chassis, light commercial vans, wagons, sedans and hatches from all leading auto manufacturers. The details provided for each product primarily relate to new vehicles, Used vehicle lending may attract different loan conditions.

Business Loans Australia

Finance Company & Banks

Calculators & Tools

Go to top