Business vehicle finance
- Cars, Utes & Vans
- Trucks & Heavy Vehicles
- Vehicle Fleets & Specialised Vehicles
Key takeaways
Borrow up to 100% of the asset value
Loan terms up to 7 years, buy or lease
Best rates and low doc approvals options
What is Business Vehicle Finance?
Business vehicle finance is specifically designed to help business owners acquire the vehicles they need to run and grow their business. It allows you to borrow up to 100% of the vehicle price (new or used), using the vehicle as security against the loan. With set interest rates and repayment periods, this lending option can cover a wide range of business vehicle purchases, while also potentially offering tax advantages (speak to your financial advisor).
This lending product is popular with all types of businesses, from large and established businesses to new start-up businesses.
Who qualifies?
To be eligible for business vehicle finance, you generally need to:
- Have an active ABN
- Be a tax resident (Australia)
- Vehicles must be for business use (over 51%)
Book a meeting with our expert team to talk through your options, as there are different type of vehicle finance that each have their own advantages and disadvantages, including:
Chattel mortgage
Operating lease
Finance lease
Hire purchase
Nadine Connell
Business Finance Expert
Key benefits of
Business vehicle finance
Key benefits of [aoran_span] Business vehicle finance[/aoran_span]
Common Features of
Business vehicle finance
Loan Rates and Terms
There are wide range of business vehicles eligible under this type of financing, including:
- Cars
- Trucks
- Heavy Vehicles
- Vans, pick-ups and utes
- Buses, trailers and RV’s
- Motorbikes and scooters
To find out what rates and terms are available to you, speak to our expert lending team, who can walk you through the different options depending on your unique needs.
We get you the best business finance
from our marketplace of 60+ lenders
Not just your business finance broker.
Your business partner for the long haul.
Over the past 15 years Nadine and Chris have had the privilege to help more than 3,300 Australian business owners realise their business goals.
Everyone’s situation and needs are unique. That’s why we offer personalised business finance brokering and planning services, designed to ensure you get the right type of business finance with the best rates and terms possible.
What’s more, as our client you’ll also get access to all the experience and knowledge of our team – helping you succeed long term. Together.
Why Work with Us?
We’ve had the privilege of helping more than 3,300 Australian business owners over the past 15 years, and we’d love to help you grow your trucking business as well.
Personalised service
We get to know you and your business, your goals and situation, and offer our expert advice on truck lending products that might best fit your needs.
Strategic view
We take a holistic view of your business goals, ensuring a decision to take on truck finance is considered against your financial situation and other needs.
Quick access
We work with lenders to ensure fast application processes and access to your funds. Expert help: We are here to guide you all the way through the process, making sure your application process runs smoothly.
Frequently asked questions
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How do lenders secure vehicles for financing?
The vehicle itself is typically used as the securing asset.
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Do I buy or lease the business vehicle?
We can talk you through the pros and cons of both options, so you can decide what’s best for you and your business.
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What types of businesses are best suited to vehicle finance?
Every business owner can benefit from this type of lending – from sole operators to large established and expanding businesses. It’s often seen as a smart way to get the vehicles needed for growth while preserving working capital, and potentially getting tax benefits at the same time (talk to your tax advisor).
Vehicle finance is particularly useful for businesses that rely heavily on transportation, such as delivery services, sales teams, trades, and logistics companies.
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Is security always needed for vehicle financing?
Typically yes, especially for larger loan amounts. There might be some exceptions for business owners with stellar credit scores who are seeking smaller amounts. We can help you determine what’s needed based on your specific situation and the type of vehicle you’re looking to finance.
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What if I have bad credit?
Talk to our lending experts, we can potentially help you find a compatible lender based on your unique circumstances. There are lenders who specialise in bad credit vehicle finance, and we can guide you through your options.
What are the common types of vehicles that businesses finance?
- Cars and SUVs for sales teams and executives
- Utes and vans for tradespeople and delivery services
- Trucks for logistics and transport companies
- Specialised vehicles (e.g., food trucks, mobile clinics)
- Fleets for larger businesses
- Buses for tourism or shuttle services
- Forklifts for warehouses and distribution centers
- Tractors and agricultural vehicles for farming businesses
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Why use Smart Business Plans instead of just talking to my bank directly?
There are many benefits to working with us over your current lender, including:
Better options. Your bank can only offer you their own lending products. We can get the best lending products from almost all the lenders on the market, including loan types you may not have even considered, but may be a better fit than a traditional loan.
Massive time savings. For you to connect with every lender and find the best lending products for your unique circumstances would take months of hard work. We do that for you.
Better rates and terms. Even if you end up going for a loan with your current lender, we can sometimes negotiate terms and rates for you that are better than what you could get yourself.
Experience. We work for you, not the bank. We present your interests, sharing our experience, expertise and advice along the way, so you get the best possible outcomes.
It’s our goal to have you become a life-long Smart Business Plans client.
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How much does it cost to use your services?
Our business loan and asset finance brokering services are generally free, as we are compensated by the business lender. In some unique situations if a fee for our services was required, this would be communicated to you in advance, and you’d have the opportunity to consider if you’d like to move forward or not. We will never impose a fee or cost for our services that are not communicated to you up front.
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How do I apply for business vehicle finance?
Easy! The best thing to do is have a free Zoom or phone chat with us. From there we can work together to get your business funding if there’s good alignment between what you need, and what we do.
Book a Zoom meeting w/ Hubspot diary
Or call 1300 262 098 to discuss your needs
Have a question? Just ask!
One of our lending specialists will be in touch
