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ABN Car Loans | Business Finance Online
As experts in commercial motor vehicle lending, we know the issues which operators may have in not meeting the minimum approval criteria for commercial credit. We address these issues by providing a workable solution through our specialist lenders. A solution to enable many self-employed and small enterprises secure credit to purchase motor vehicles.
The issues faced may relate to low turnover, insufficient documentation, no financials, short trading period, weak cash flow, insufficient resources and security, high debt levels or insufficient validation of profitability. To address these issues, we provide access to individually sourced and structured motor vehicle credit solutions for operators that, at a minimum, hold an ABN.
This won't affect your credit score
Competitive ABN Car Loan Interest Rates Tailored to Your Needs
Compare ABN Car Finance Rates
Due to the specialist nature of this solution, the interest rate offered will be subject to an individual assessment of the application. Compare our current lower rates as an indication of what we can achieve for some clients. Applicants with a strong cash flow and good credit profile have the potential to be offered competitive rates through the leverage we have with our lenders.
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true 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.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true 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.
Access Expert Services for ABN Car Financing
Utilise our Specialist Services to Secure ABN Car Loans
This specialist Australian Business Number motor vehicle credit solution is not available through all traditional lending channels. But as a highly skilled broker with more than 20 years of experience, we are well-connected in the commercial lender market and well-placed to offer customised options. Clients do not need to seek a referral to access our services. Simply contact us directly, brief one of our brokers and we will handle the process of sourcing a workable solution.
We are an Australian company with sharp financial acumen and up-to-date knowledge of the latest tax benefits on motor vehicle purchases. Knowledge which enables our brokers to source not only workable solutions at lower rates, but solutions which are tax-optimised.
- Australian company – owned, operated, based.
- 20+ years of experience in commercial lending.
- Tax-optimised, lower rate solutions.
- Individually, customised service.
- FBAA Member, Licensed Credit Provider.
Simple Application Process
How to Connect with Lenders Approving Finance for ABN Car Loans
When operators face issues sourcing motor vehicle funding through traditional lender channels, they need to connect with lenders that will approve their application. We provide that connection through our accreditations with more than 80 lenders – banks and non-bank lenders.
As experts in this field, we know which of our lenders will suit the specific requirements of individual clients. We work with these lenders, on behalf of our clients, to negotiate a workable motor vehicle funding solution.
- Connect with 80+ Lenders – banks and specialist non-bank lenders.
- Access individually sourced, negotiated and structured solutions.
- Sourcing, negotiations and structuring handled by highly skilled brokers.
Get Access to Tailored ABN Car Financing
ABN Car Finance Solutions for Many Types of Operation
While this is a specialist type of motor vehicle funding, the range of enterprises that it may suit is broad. In general terms, we assist any operator that holds an Australian Business Number but does not meet all the approval criteria in a standard commercial credit application form.
This may include:-
- Contractors, freelancers, sole traders, self-employed, start-ups, SMEs.
- Insufficient financial documents, trading figures or short trading period.
- Low turnover, insufficient security, balance sheet not acceptable, not enough resources.
- Cash flow weak, no GST registration, unsubstantiated evidence of long-term profitability.
- Credit issues.
Diverse Loan Options
Loan Types for ABN Car Financing
When the application is approved, operators have the same selection of motor vehicle funding products as other enterprises. These products can be used for acquiring new and used vehicles, commercial vans, utes, SUVs, passenger vehicles and others to be used in the operation.
- ABN Car Chattel Mortgage
- Car Leasing ABN Holders
- Commercial Hire Purchase ABN Car Finance
Secure Fast Approval for ABN Car Financing
Applying for a Car Loan for ABN
The issues being faced will vary for different applicants. But as a general guide to what may be expected with the application approval process, here are a few guidelines:-
- ABN and ID essential.
- GST registration not essential, but may be considered favourably by some lenders.
- Approval through some lenders can be achieved based on turnover for 6 months or cash flow.
- Approval may be given based on the proven ability to meet the funding commitment.
- Provide available financials, tax returns, accounts and other documentation to show the viability of the operation.
- The personal credit, balance sheet and asset position of the owner can form part of the approval process.
- Additional security may be requested.
- Some applicants with strong cash flow may be approved with no credit check.
Swift Application Approval
Get Fast Approval for ABN Car Loan
We can assist operators to more quickly with the vehicle purchase with fast approvals. Often within 24 hours. Apply online or over the phone.
FAQs
ABN Car Finance
Yes. This specialist category of credit is provided for operators such as sole traders, self-employed, small traders and others that do not meet the standard credit criteria.
New and start-up operators may apply for commercial van funding based on holding an Australian Business Number.
The minimum requirement for commercial credit applications is to hold an Australian Business Number. Operators should provide what financials, accounts, turnover figures, cash flow and balance sheet information they have to support the application.
Yes. Being registered for GST is not essential to be approved for commercial motor vehicle finance. But some lenders consider GST registration more favourably as it may indicate turnover in excess of $75K pa.
Yes. Commercial motor vehicle funding is available for both new and used vehicles.
Yes. A balloon is an option with Chattel Mortgage and Commercial Hire Purchase.
Some lenders will approve commercial vehicle credit applications based on turnover for a 6 months period. Operators may need to seek specialist non-bank lenders and/or the assistance of a broker to source these lenders.
When a credit application is approved, operators may select from the range of funding products which includes Lease, Chattel Mortgage and CHP.
Interest rates on all commercial motor vehicle credit are offered based on the lender’s assessment of the application. Rates vary with the loan product and for individual applicants. Rates displayed by lenders will typically be for new vehicles, for applicants with good credit and full documentation.
Yes. Vehicle leasing is one of several credit products available to fund the purchase of commercial vehicles.
The security required for an individual motor vehicle credit application will be subject to lender guidelines. Lenders assess each application individually. Some applicants may have the vehicle as the sole security while others may be required to provide additional security.
Once approved for funding, operators can realise all the tax benefits applicable to the funding product selected.
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Trusted by 60+ lenders Australia-wide
Trusted by 60+ lenders Australia-wide
