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New Commercial Car Loans | Business Finance Approved
Setting up a new enterprise can be complex and challenging with many details and tasks to handle. One of the greatest challenges can be securing credit. Without the financials, credit profile, trading history and other documentation it can be difficult to source lenders that will approve an application. Where a vehicle is integral to the operation, securing the funding to acquire those essential assets may be crucial to getting up and running.
We assist those starting a new operation to efficiently secure affordable motor vehicle funding with our comprehensive lending services. With vast coverage of the lending market, we have access to lenders that will approve credit to start-up operators – at affordable rates and workable terms.
This won't affect your credit score
Best Commercial Car Interest Rates for Your New Venture
Compare Our Interest Rates for Car Finance for New Commercial Enterprise
Achieving lower rates on vehicle funding is always a priority. But when starting an enterprise it can be essential with the many other set-up costs to manage. We prioritise achieving lower rates across our portfolio to ensure clients secure the most affordable outcomes. The rate offered to individual operators will be based on the lender assessment. Use our current rates when planning and contact us for a quote based on your requirements and profile.
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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 16/02/2024 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 16/02/2024 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.
Your Financing Specialist Solution
Specialists in New Commercial Business Car Loan Solutions
We provide a comprehensive vehicle funding service for clients at all stages of their growth including at the initial set-up. Our clients include sole traders, self-employed operators, SMEs and large companies across all industry sectors. No referral is needed, contact can be made with us directly.
New clients are assigned one of our brokers to handle their funding requirements from initial enquiry through to settlement. We are an Australian company with brokers based here and providing services to all areas and locations nationwide. Using our broker services provides new operators with not only strong financial acumen and expertise in arranging credit, but with much-valued support in those crucial initial stages of their venture. Sharing our 20+ years of experience in the lending sector and capabilities in sourcing and structuring affordable, tax optimised vehicle funding solutions.
- 20+ years of commercial lending experience.
- Australian based, nationwide coverage.
- Comprehensive, thorough financial broker service.
- No referral required.
- Specialist expertise with new businesses.
- Member FBAA, Licensed Credit Provider.
Secure New Commercial Car Finance with Expert Lenders
Get Access to the Right Lenders for New Commercial Car Loans
Finding lenders that will offer flexible and affordable vehicle funding for new ventures can be a challenge for operators. We solve that issue with our accreditation with more than 80 lenders. Our lending market coverage includes the major banks, other banks and non-bank lenders. Where banks typically have strict criteria especially with start-up credit applications, the non-bank lending sector can be more flexible. Having greater lender coverage provides us with the resources to connect each client with the right lender.
Using our industry-level connections with lenders that do offer credit to start-ups, we negotiate on rates, terms and conditions to deliver the most acceptable and workable outcomes.
- 80+ lenders including lenders for new commercial car finance.
- Competitive rates and workable terms negotiated.
- Affordable car finance solutions for new businesses.
Explore Diverse Loan Types for New Commercial Vehicle
Loan Types for Financing Cars for New Commercial Venture
Vehicles can be purchased with a choice of a number of credit products. These products vary in regard to ownership of the vehicle over the financing term; interest rates; how GST is claimed; tax deductions; approach to the balance sheet; and compatibility with the cash or accruals method of accounting. Due to these variations, we advise clients to seek advice from their accountant as to which product will work best to achieve their objectives.
The same products suit both new and used vehicle purchases. Funding is available to purchase all makes and models of vehicles including utes, light commercial vans, cab chassis, SUVs, passenger models, wagons and others. Buyers can use our calculator to compare repayment estimates on different vehicles to assist with buying decisions.
- New Commercial Car Lease
- Chattel Mortgage Car Finance for New Commercial Enterprise
- Commercial Hire Purchase Car Loan for New Commercial Enterprise
Streamlined Car Financing for New Commercial Ventures
Structured Solutions for Car Loan for New Commercial Enterprise
Your broker will structure the funding with fixed rates and over a fixed term to provide certainty that the commitments will remain unchanged over the term. We negotiate balloons and residuals to ensure an affordable repayment schedule.
The vehicle is accepted as security but with start-up ventures, lenders may request additional security be provided. No deposit funding is available, so the entire vehicle price can be covered in the funding.
As start-ups typically do not have all the financials to get approved, we provide specialist No Doc and Low Doc options through select lenders. This allows our clients access to credit with an ABN only and little or no financial records and trading figures.
- Fixed interest rates, fixed repayments.
- Fixed terms up to 7 years.
- Balloon and residual options.
- Low Doc Vehicle Finance
- No Doc Car Loans
Streamlined Application Process
How to Apply for New Commercial Car Loan
We work with all kinds of enterprises requiring vehicles for their operation. Applications for new ventures are best made over the phone to one of our brokers so we can obtain all the necessary details to source the right lender.
FAQs
New Commercial Car Financing
To be eligible for commercial financing, operators must hold a current ABN as a minimum requirement. Sole traders are eligible.
The interest rate varies with the different vehicle financing products and can be different for different operators. Lenders assess each application when preparing a funding offer and interest rate.
The types of credit products for vehicle funding include Chattel Mortgage, Lease and Commercial Hire Purchase.
Terms of up to 7 years may be offered on vehicle funding but this is subject to lender approval.
Yes. Once approved for credit, an enterprise can realise the tax benefits relevant to the credit product selected.
Yes. All kinds of vehicles can be financed including passenger models, utes, cab chassis, vans, wagons and SUVs.
The vehicle is accepted as security with commercial lending products. Some new start-ups may be required to provide additional security by way of property, assets or personal guarantee.
The personal credit profile of a new sole trader may form part of the application assessment and approval process. There are lenders that do approve applications with no credit check.
Operators can select Lease to purchase commercial vans. The other options are Chattel Mortgage and Commercial Hire Purchase.
Where an operator does not have the financials requested by some lenders, they may seek No Doc and Low Doc options. These are available through specialist lenders and brokers.
No. GST registration is not an essential requirement to get approved for commercial vehicle financing.
A balloon is a portion of the total funding amount which is set aside and due for payment in full at the conclusion of the funding term. It applies to Chattel Mortgage and CHP.
Our Lenders
Trusted by 60+ lenders Australia-wide
Trusted by 60+ lenders Australia-wide
