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
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.