Business vehicle finance that works as hard as you do
Chattel mortgage, lease or hire purchase, structured around your ABN, cash flow and accountant.
- Free to compare
- A specialist partner broker, start to finish
- No credit score impact
Typical ranges only. Actual limits depend on the lender and your circumstances.
Example rate only: not a comparison rate, quote or offer of credit. Your rate depends on your credit profile, the lender and the asset. Excludes fees and charges.
How car, ute & van finance works with us
Business buyers can use structures personal borrowers can’t, each with different ownership, GST and tax effects. The right one matters as much as the rate.
Read more
Your broker explains chattel mortgages, leases and hire purchase plainly, using small-business lenders, including for newer ABNs and low-doc applicants.
- Work cars
- Fleet vehicles
- Utes and vans
- Prestige vehicles
- Low-doc purchases
- Refinancing existing vehicle loans
Chattel mortgage
You own it from day one; the lender holds security. Popular with GST-registered businesses.
Low-doc options
Established ABNs may be approved on BAS or an accountant’s declaration.
Balloon payments
An end-of-term residual matches repayments to cash flow.
Fleet friendly
We can structure facilities for several vehicles.
Chattel mortgage vs finance lease vs hire purchase: which suits your business vehicle?
A chattel mortgage means you own the vehicle upfront; a finance lease means the lender owns it; hire purchase transfers ownership at the final payment. Your broker lays them side by side so you and your accountant can choose.
Read the full explanation
With a chattel mortgage your business owns the vehicle from day one and the lender takes security over it. Many GST-registered businesses like this because the GST on the purchase price may be claimable upfront, and interest and depreciation may be deductible. A finance lease works differently: the lender owns the vehicle, you pay rent to use it, and you can choose to buy it for the residual at the end. Your accountant should confirm how either option is treated for your business.
Hire purchase sits between the two. The lender owns the vehicle while you make payments, then ownership passes to you with the final instalment. It is less common now but still used by some businesses that account on a cash basis. Novated leasing is a separate arrangement involving an employer and employee, so it is not usually the right fit for a business buying its own work vehicle. Your broker can lay the structures side by side so you and your accountant can choose.
- Companies, trusts and sole traders buying work vehicles
- GST-registered businesses wanting ownership
- Businesses replacing or growing a small fleet
- Owners wanting repayments matched to cash flow
Pros and watch-outs
Pros
- Frees working capital for wages and stock
- Structures to suit your accountant’s reporting
- Balloons can lower monthly repayments
- New, demo and used vehicles may be financed
Watch-outs
- !Balloons leave an end lump sum to plan for
- !Fixed business contracts can be costly to exit early
- !Tax benefits depend on your situation, not the loan
Costs and fees to compare
The interest rate is only part of the cost. Ask your broker to show these side by side.
Interest
Set by the lender based on vehicle, business profile and structure.
Establishment fee
A one-off setup fee, sometimes added to the loan.
Balloon or residual
An end lump sum that lowers repayments; pay, refinance or trade out.
PPSR registration
A small fee some lenders pass on for registering their security.
Early payout costs
Some loans carry break costs or fixed interest if paid early; ask first.
Tips to strengthen your application
- 1Ask your accountant which structure suits your GST and reporting
- 2Get the invoice to itemise vehicle, accessories and on-road costs
- 3Pick a balloon you could realistically pay or refinance
- 4Arrange comprehensive insurance before settlement; most lenders require it
What you’ll need
What you’ll need
- ABN and business registration
- Driver's licence (each director or owner)
- Recent business bank statements
- BAS or financials (full-doc loans)
- Asset invoice or quote
What lenders look for
- Active ABN (some lenders want 12+ months; others accept newer)
- GST registration for larger or low-doc deals
- Mainly business use (usually over 50%)
- Clear owner or director credit, or a good explanation for issues
First chat to funds in four steps
How it works in detail →- 1Tell us what you’re after
- 2Meet your broker
- 3Compare and choose
- 4We handle the rest
Car, ute & van finance: common questions
What is a chattel mortgage?
A chattel mortgage is a business loan where you own the vehicle from the start and the lender holds it as security. It is one of the most common ways Australian businesses finance vehicles.
Can a new business get vehicle finance?
Yes. Some lenders will consider ABNs registered for less than two years, especially if you have property or industry experience. Expect more questions and possibly a deposit.
What does low-doc mean?
Low-doc loans need fewer financial documents, often just BAS statements or a declaration. They suit established businesses whose tax returns are not yet lodged.
What about tax and GST?
How you structure the loan affects what you can claim. We always recommend confirming the tax treatment with your accountant.
Is it better to lease or buy a car through my business?
It depends on whether you want to own the vehicle, how you claim GST and how your accountant treats lease payments versus depreciation. Buying with a chattel mortgage suits many owners who want the asset on the balance sheet, while a lease can suit those who prefer to hand it back or upgrade. Your accountant is the right person to confirm the tax side.
Can I finance a business vehicle in my personal name?
Yes, if you are a sole trader you may be able to use business-style finance in your own name with your ABN. If the vehicle is mainly for private use, a personal car loan may be the better fit. Your broker will ask how the vehicle is used so the loan is set up correctly.
What happens at the end of a balloon payment?
You can usually pay the balloon in cash, refinance it into a new loan, or sell or trade in the vehicle to clear it. The choice depends on the vehicle's value at the time and your cash position. It is worth starting the conversation with your broker a few months before it falls due.
You might also be looking at
Useful calculators
Free, quick and no credit check. All calculators
Let’s find the right car, ute & van finance
Two minutes to start, and comparing options won’t affect your credit score.