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Self Employed Car Loans | Business Finance Specialist
Working for yourself can be extremely rewarding and offer many benefits depending on the industry and arrangements with clients and customers. More flexible scheduling, better work-life balance and for some, it can mean a higher income. But there can be drawbacks, especially seeking funding to purchase a new motor vehicle.
Freelancers, contractors, consultants and other one-person enterprises can find they do not meet the credit approval criteria as set by some lenders. Even on-person operators that are have been working in that set-up for many years can be confronted with issues. We assist with specialist motor vehicle credit services to source affordable funding for those working for themselves.
This won't affect your credit score
Competitive Financing Rates
Compare Lower Self-Employed Car Finance Rates
Keeping expenses down can be especially critical for one-person operations. Ensuring repayments are within expectations starts with securing the lowest possible interest rates. Using the leverage we have built-up with our extensive coverage of the commercial lending sector, we can achieve those essential lower rates. Refer to our current rates as a guide and contact us for a specific quote to suit your requirements.
| Loan Product | Interest Rate | Monthly Repayment |
| {{Loan Product}} | {{From - Advertised Rate}} {{Rate Type}} |
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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 16/05/2024 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 16/05/2024 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.
Quickly Secure a Car Finance for Self-employed Individuals
Get Fast Approval for a Self-employed Car Loan
In addition to providing a thorough service, we also provide a fast service. Many applications can be approved within 24 hours. Applications can be submitted prior to purchase so buyers have a clear indication of how much they approved for and what the repayments will be before committing to a motor vehicle.
To get estimates of repayments, use our motor vehicle credit calculator.
Finance Calculator
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Tailored Financing Solutions for Self-employed Individuals
Using Business.Finance to Source the Right Solutions for Self-employed Car Finance
Our expert broker services are available to all commercial enterprises including one-person set-ups and those working for themselves. That includes those who have only recently set-up and those that have been operating that way for many years. A referral is not required, simply contact us directly online or by phone.
We are an Australian company with all our brokers based here for quick connection and access for our clients to our knowledge of the latest tax rulings and sharp financial acumen. We know financials and structure funding to deliver the most suitable outcomes for our clients.
As your broker our role is to handle the process of sourcing credit on your behalf and to suit your specific commercial set-up and your objectives. Sourcing and negotiating for the lowest interest rates, structuring the term and balloon to achieve the most affordable repayments schedule and handling all contacts with the lenders for you.
Our specialist services are comprehensive, detailed and thorough in sourcing the right solution for each client.
- Australian based, owned and operated company.
- 20+ years of experience in commercial lending market.
- Highly skilled brokers.
- No referral required.
- Clients of all sizes welcome.
- Member FBAA, Licensed Credit Provider.
Flexible Car Financing Solutions
Get Access to Lenders that Approve Car Finance for Self-employed Operators
As specialists in the commercial lending market for more than 20 years, we have attained accreditation with a vast number of lenders. Our more than 80 lenders include major banks, other banks and non-bank lenders. This vast market coverage provides us with the resources to ensure we have lenders that do approve affordable credit for vehicle purchases for those working for themselves.
- Access to 80+ Lenders.
- Lenders that approve self-employed car loans.
- Lower rates, affordable outcomes.
Explore Variety of Loan Options for Greater Mobility
Types of Self-employed Loans for Cars
All commercial operators have the same choice of funding products, regardless of the size of the operation or how they long they have been operating. An ABN is required to be eligible for commercial funding but GST registration is not essential.
The decision as to which product will best suit a particular enterprise will depend on the accounting method used; the approach taken to taxation and the balance sheet; and the overall objectives for the enterprise. We advise clients to discuss this selection with their accountant or financial advisor.
We fund a wide range of vehicles including commercial vans, utes, sedans, SUVs and other vehicles which are to be used primarily in a business.
- Car Leasing for Self-employed Operators
- Car Commercial Hire Purchase Self-employed
- Chattel Mortgage Self-employed Car Finance
Secure a Self-Employed Car Financing with Ease
How to Get Self-employed Car Loan with No Financials
Where an individual has recently made the decision to work for themselves, they would not typically have all the financials to complete a commercial credit application form for many banks and some non-bank lenders. We assist with our access to lenders that do approve affordable solutions for applicants with no or little financials.
- Low Doc Self-employed Car Loans
- No Doc Car Finance for Self-employed
Tailored to Your Needs
Car Finance for Self-employed Operators - All Types
With many Australians opting to work for themselves either as the primary or a secondary source of income, we provide services for all types across all industries.
- Self-employed car loans for freelancers, contractors, consultants, owner-drivers, couriers.
- Car finance for self-employed tradespeople in building and construction.
- Self-employed car finance for online traders, beauticians, fitness instructors, personal trainers, medical professionals and therapists.
FAQs
Self-Employed Car Financing
Operators working for themselves have the choice of Chattel Mortgage, Leasing and Commercial Hire Purchase to fund motor vehicle purchases.
No. Being registered for GST is not essential for commercial funding applications but holding a current ABN is required.
The interest rates on motor vehicle funding vary with the different types of products and can vary for different applicants. Lenders assess each application on an individual basis and prepare their offer including the interest rate based on that assessment.
Courier contractors would be eligible to apply for commercial credit to purchase new vans.
To be eligible to apply for commercial credit, applicants must hold an ABN. Online traders with an ABN should be eligible to apply.
Where an individual working for themselves has had an application rejected due to not meeting lender criteria, they may seek specialist non-bank lenders that offer suitable funding options. Using a broker may assist with this process.
Yes. Once approved for funding, operators are entitled to the applicable tax deductions for the credit product selected. The tax deductions vary with the selection of commercial credit products. The monthly payments for Leasing are tax deductible. Chattel Mortgage and CHP deliver the major taxation benefit through the depreciation of the motor vehicle in line with the applicable ATO depreciation schedule.
Yes. Funding for both new and used vehicles is available for those working for themselves. The same credit products apply for used vehicles but the interest rate and conditions may be different for new and used vehicles.
Yes. Applications for funding can be submitted and approved prior to purchase of the vehicle. Applicants would need to provide an indication of the type of vehicle, new or used and an estimated of the amount required. When the purchase is confirmed, the loan offer would be amended to reflect the exact amount.
Yes. A balloon is an option on Chattel Mortgage and Commercial Hire Purchase. It is a percentage of the credit amount which is set aside for payment after all the monthly repayments are finalised.
Prior to purchasing a new vehicle and prior to applying for credit, buyers can use a credit calculator to see estimates of repayments. Calculators are generic devices and do not allow for individual aspects of an application and do not include lender fees and charges. Any offer may can be different from results received using a calculator.
The decision around which is the most suitable commercial credit product will depend on the accounting method used by the operation; the approach to income tax and GST; the strategy adopted for the balance sheet; and the overall objectives. It is highly recommended that operators refer to their accountant when making this decision.
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