BUSINESS VEHICLE FINANCE

  • Low Doc approvals up to $150k
  • Interest rates from 3.99% p.a.
  • Borrow up to 100%
  • No minimum trading time required
  • Up to 7 years loan term
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What are Business Vehicle Loans in Australia?

Enterprises and sole traders often find the need to buy a vehicle to utilize it for myriad business purposes. However, what does one do with insufficient funds to buy a car? In such scenarios, a business entity can apply for business vehicle finance or business car finance 

A business vehicle allows the borrower to claim GST against the car on purchase, denote the vehicle as a taxable offset, and claim depreciation on the purchase value. 

Business vehicle finance is a fixed-term financing contract with a fixed interest rate. The vehicle you purchase using the loan amount will act as the security against the loan, even though you are the designated owner. The ownership rights allow businesses to earn tax benefits from business vehicle financing.     

Our team at Broc Finance has years of experience in facilitating business vehicle loans for enterprises, big and small. We can connect you with credible lenders and ensure that you find the best rates and favourable loan terms to benefit your business.

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Based on 41 reviews
Tajinder Kumar
Tajinder Kumar
2023-05-04
For those seeking a trustworthy and dependable financial broker, I would like to recommend Broc Finance. While their fees may be slightly higher compared to other brokers, I found that their personalized approach made it worth it. Broc Finance took the time to understand my specific needs and goals and tailored their services accordingly. Additionally, their prompt availability to answer any questions or concerns was greatly appreciated. Overall, if you're in search of comprehensive and professional financial advice, Broc Finance is an excellent option to consider.
Darren Woodward
Darren Woodward
2023-04-28
Saroj and his team are excellent in helping , nothing is to hard and communications at the highest level .
Scott Filby
Scott Filby
2023-04-28
Excellent experience with the service of Saroj! He did all the hard work and helped me find what I required. Saroj offered excellent suggestions and went the extra mile with his advice, which won my respect and helped in achieving the outcome required.
Jeshua De leon
Jeshua De leon
2023-04-17
The Broc Finance really helped make our financing needs quick and easy, would 100% recommend them!
Anju Gupta
Anju Gupta
2023-03-02
Excellent service, smooth and fast! Saroj is very efficient, got better rates than market. Thanks Broc Finance.
Brendan Diamond
Brendan Diamond
2023-02-16
Saroj was great to deal! He knew which lender was best for our situation and delivered when we needed it most. Would recommend him sure. Thanks!
Nick Jackson
Nick Jackson
2023-02-09
Saroj and his team were great. Always there to answer any questions. Definitely recommend. 👍
Jacky Zhang
Jacky Zhang
2023-01-17
the irish shop
the irish shop
2023-01-17
Sarog, We would like to thank you for your support when we required additional funding to move our business forward. Although it was not an enormous amount , you showed a willingness to listen and support our needs where others didn't think it was worth their while. We thank you for your support and professional advice that got us to the result that we wanted. I thoroughly recommend you to anyone that is looking for real professional help when looking to fund their business further. Thank you.
Carolyn Kalomiris
Carolyn Kalomiris
2023-01-16
Thank you Saroj,, Very helpful, you have helped make my dream come true ,, I now have an amazing Cafe opening soon, great communication, efficient, and professional all the way ….. Much appreciate your help with my fiancé Happy Customer

What are the Key Features of Business Vehicle Finance?

Top Business Loans - Broc Finance

Business vehicle finance has distinctive features, separating it from other forms of asset finance. Here’s a list of its defining attributes:

  • Allows enterprises to secure funding as a business vehicle if they intend to use more than 51% of the time for business purposes. 
  • Fixed repayments and lower interest rates as compared to an unsecured business loan.
  • The loan is secured against the vehicle that you are buying so no additional security required.
  • Business vehicle finance is quite popular among small businesses and sole traders. It is quite beneficial to them. 
  • The interest rates against the loan vary as per the age, model and condition of the vehicle. 
  • The loan terms vary between 1-7 years. 

Business vehicle finance offers tax benefits to business owners and enterprises.

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What Kind of Vehicles Can You Buy with Business Vehicle Finance?

There is a whole list of vehicles that you can buy using business vehicle finance, such as:

  • Cars
  • Heavy-duty vehicles
  • Medium to small vehicles
  • Vans, PIck-up and Utes