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Low Doc approvals up to $250k

Interest rates from 6.25% 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 for a myriad of business purposes. However, what does one do with insufficient funds to buy a car? In such a scenario, a business entity can apply for business vehicle 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.

What you should know about Business Vehicle Finance

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What are the Key Features of Business Vehicle 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 for 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 commercial 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.

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

Here is a list to help you choose a vehicle for your business (that you can buy through business vehicle finance):

  • Cars
  • Heavy-duty vehicles
  • Medium to small vehicles
  • Vans, PIck-up and Utes
  • Truck, trailers, and buses
  • Motorbikes
  • Scooter

What are the Benefits of Business Vehicle Finance?

Business vehicle finance can benefit an enterprise in multiple ways, such as:

  • Helps to maximize the working capital and preserve its cash flow.
  • Since the repayment amount is fixed, it helps the borrower in accurate and precise projection of the expenditure and income.
  • There are flexible payment options, allowing the borrowers to choose an amount that will not deplete the cash flow.

There are tax benefits like depreciation and interest claim on the profit and loss statement of the business.

How Can Broc Finance Help?

No matter what kind of business financing solution you seek, Broc Finance will help facilitate your funding needs, including business vehicle finance. We have been actively helping enterprises replenish their cash flow, through diverse business financing means. 

Our team has an unscathed record of working with clients and businesses ranging from small to big enterprises, new businesses, and start-ups. Even companies with bad credit scores can benefit from our range of services concerning business financing. 

Broc Finance acts as a bridge between business owners and lenders, matching them up appropriately after assessing the financial situation of the business and its funding requirements. 

Seeking our help is easy. You only need to fill up a form online and submit it; our experts will reach out to you in no time.

Streamline Your Business Vehicle Finance Application

  • Quick Approvals for Loans Up to $250K: Fast-track your journey with our simplified business vehicle finance application process.
  • Competitive Rates Starting from 6.25% p.a.: Secure the best business vehicle finance with interest rates designed to keep your costs low.
  • 100% Financing on Purchase Price: Finance the entire value of your vehicle and preserve your capital.
  • Flexible Terms from Day One: With no minimum trading time required, we cater to businesses at every stage.
  • Loan Terms Up to 7 Years: Spread your payments comfortably over time, with options for balloon payments to reduce monthly outlays.

How to Choose the Right Business Vehicle Finance?

Our top vehicle finance loans in Australia have been compared below.

Chattel Mortgage

Loan Term

1 - 7 years

Benefits

Can claim GST, Depreciation and other tax benefits.

Disadvantages

Record of vehicle ownership on the business balance sheet.

Operating Lease

Loan Term

1 - 7 years

Benefits

Lower upfront cost, able to upgrade, potential tax benefits, no deposit required.

Disadvantages

The business will not have ownership of the vehicle.

Hire Purchase

Loan Term

1 - 7 years

Benefits

More flexible payments, potential tax deductions.

Disadvantages

Full ownership only at the end of the loan term.

Finance Lease

Loan Term

1 - 7 years

Benefits

Balloon/Residual options, lower monthly repayments, tax benefits.

Disadvantages

Running costs are not generally included in the lease.

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Real results with real people.

117+ customer reviews

5.0

MAV

MAV

Incredible and professional service with very quick turnaround for a commercial loan. Saroj was great to deal with and assisted along the way, and was very clear about our options and constantly kept us updated with progress. Highly recommended.
VINEET PASARNIKAR

VINEET PASARNIKAR

Saroj your service is Amazing I am very happy Anand recommend all my friends and colleagues. Your staff also very good. Very fast & good options available.
Toni Speakman

Toni Speakman

I don’t usually post reviews on the internet, but I feel compelled to write one about our recent experience with Broc Finance. In particular, we’d just like to thank and recommend Neeraj, who has been extremely professional, quick to get back to us regarding information and has exceptional easy-going language so we could understand what was happening and what we needed to do. He endeavoured to get the help we needed in a very short amount of time and the funds were in our account within 2 weeks of applying. Neeraj managed to secure our loan at a much lower interest than the big banks and we would recommend Broc Finance - especially Neeraj, to anyone who is seeking financial assistance away from the big greedy banks. This is the 2nd time we’ve used this service, and it won’t be the last. Thank you.
Sunil Patel

Sunil Patel

Broc Finance stands out as an exceptional financial broker, delivering a perfect combination of professionalism, expertise, and client-focused service. From the very first interaction, their team demonstrates a deep understanding of financial markets and a genuine commitment to helping clients achieve their goals.
Ibrahim Alpay

Ibrahim Alpay

I highly recommend Saroj to anyone needing business funding. He’s helped me multiple times with fast and efficient service, securing higher than-expected loan amounts each time. Excellent experience!
Chi Morris

Chi Morris

Dear Sas, I want to express my heartfelt gratitude for your efficiency and the exceptional support that you have provided in helping me meet my business needs. It was always easy to deal with you and you were always available to answers every question. I was also quite impressed by your professionalism and efficiency which were quite exceptional. Thanks for going above and beyond to deliver an outstanding service. I look forward to working with you again in the future.
sumesh dhingra

sumesh dhingra

"Exceptional service from start to finish. The team made the finance process seamless and stress‑free. Highly recommend."
Min Wilson

Min Wilson

The team delivered a well structured and highly supportive service that made the financial process feel streamlined and well governed. Each step was clearly defined, proactively explained. The overall outcome felt both efficient and value-aligned.

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Frequently asked questions

Once you reach out to us, we spare no time to assess your financial condition and other business details to match you with the right lender. You can get approval in as low as 24 hours and consecutively access funds.

You can be eligible for a business vehicle finance if you intend to use the car at least 51% of the time for business purposes. 

The interest rates against business vehicle finance vary from case to case. You will have to provide details to our experts so they can get the best interest rates for you from a credible lender. 

Yes, that is possible. Over the years, we have helped many businesses with bad credit history get business financing with favourable terms and interest rates. Reach out to our experts for details. 

With a chattel mortgage, your business owns the vehicle from day one, enabling a GST claim in your next BAS and access to the instant asset write-off. With a finance lease, the lender retains ownership until the end of the term, which means no upfront GST claim but typically lower monthly repayments. Chattel mortgage is the preferred choice for businesses wanting immediate ownership and tax benefits. Finance lease suits businesses prioritising lower monthly outgoings with plans to upgrade regularly.

Yes. Both new and used vehicles are eligible for business vehicle finance. The vehicle's age, condition, and kilometres affect the interest rate and available loan term rather than eligibility itself. Most lenders finance vehicles up to 10-15 years old at the time of final payout. Classic or high-kilometre vehicles may attract a slightly higher rate. Have the vehicle's make, model, year, and odometer reading ready when speaking with a specialist so the most suitable lender can be identified quickly.

No. The vehicle only needs to be used for business purposes at least 51% of the time to qualify for business vehicle finance. Personal use up to 49% is permissible under the lending eligibility rule. However, if you claim the full GST and depreciation on the vehicle as a 100% business asset, your actual usage must reflect this. The 51% threshold is a lender requirement; the tax treatment is a separate ATO matter that your accountant should confirm based on your specific usage pattern.

Yes. 100% financing is available on business vehicle purchases, meaning no deposit is required. The vehicle itself acts as security against the loan, which eliminates the need for a cash deposit or additional collateral. A strong credit profile and consistent business cash flow improve your approval terms and rate, but the absence of a deposit is not a barrier to eligibility.

Under the permanent $20,000 instant asset write-off threshold confirmed in the 2026-27 Federal Budget, eligible small businesses can claim the full purchase cost of a vehicle up to $20,000 as an immediate tax deduction in the year it is first used, even though repayments are spread over the loan term. A chattel mortgage satisfies the ATO's ready-for-use requirement because the business takes ownership from day one. A $20,000 vehicle at a 25% tax rate produces a $5,000 year-one tax saving. Confirm your specific eligibility with your accountant before purchasing.

Business vehicle finance terms range from 1 to 7 years. The most common terms are 3 to 5 years, balancing manageable monthly repayments against total interest cost. Longer terms reduce monthly repayments but increase total interest paid. A balloon payment option is available with some lenders, deferring a portion of the principal to the end of the term to further reduce monthly outgoings. A specialist can model different term and balloon combinations to show the full cost impact before you commit.

Yes, in some cases. Eligibility depends on the visa subclass, remaining validity, and the specific lender's policy. Some lenders consider applications from visa holders with at least 12 months remaining on a valid work or business visa, provided the business holds an active ABN and meets standard trading history and turnover requirements. Provide your visa details when making an inquiry so the lenders most likely to approve your application can be identified first.

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