Compare Business Car Loans from 50+ Australian Lenders
Finance cars, utes and vans for your business with sharp rates and flexible structures like chattel mortgage, hire purchase and finance lease.
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Business Car Loans Made Simple
Get the right vehicle finance for your ABN—new or used, dealer or private sale. Structures tailored to cash flow, tax and asset life.
Borrow With Confidence
Typical amounts from $10,000 to $500,000+
Flexible Terms
1 to 7 year terms with optional balloons
Fast Approvals
Same-day decisions possible for eligible deals
New or Used
Dealer, auction or private sellers supported
Tax-Smart Structures
Chattel mortgage, hire purchase, finance lease
Any Business Purpose
Sales reps, trades, delivery, executive vehicles
How it works
We match your application to business car lenders so you can compare rates, terms and structures with confidence.
Apply online in 3 minutes
Share your business details, vehicle info and budget. No lengthy forms.
See matched options
Our Lender Match technology compares chattel mortgage, hire purchase and lease options.
Upload documents
Provide ID, ABN/GST details and recent bank statements or financials for larger limits.
Settle & collect
We arrange settlement with the seller so you can drive away sooner.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to business car finance
Business car finance helps Australian SMEs and sole traders acquire vehicles without a large upfront hit to cash flow. Common structures include chattel mortgage (you own the vehicle from day one), commercial hire purchase (ownership transfers at the end), and finance lease (use the vehicle while making lease rentals, with a residual).
Pricing and structure depend on turnover, time in business, credit profile, and vehicle age. Optional balloons/residuals can lower repayments to match the asset’s useful life. Whether you’re buying a single ute or building a fleet, the right structure keeps cash flow smooth while preserving working capital.
Want to skip ahead?
This guide is broken down into the following sections. Click a link if you want to skip ahead.
Types of business car loans
Choose a structure aligned to tax treatment, ownership and cash flow:
Chattel Mortgage
A secured loan where you own the asset from day one while the lender holds a mortgage over it as security. Perfect for business equipment, vehicles, and machinery purchases.
Pros
- Immediate ownership of the asset
- Tax benefits - claim GST credits and depreciation
- Flexible repayment terms available
- Lower interest rates due to security
Cons
- Asset serves as security - risk of repossession
- Comprehensive insurance typically required
- Ongoing maintenance responsibilities
Best For
Established businesses looking to purchase equipment, vehicles, or machinery with immediate ownership and maximum tax benefits.
Hire Purchase
A financing arrangement where you hire the asset with an obligation to purchase it at the end of the term. Combines the benefits of gradual ownership with manageable monthly payments.
Pros
- Guaranteed ownership at term completion
- Fixed monthly payments for budgeting
- No large upfront capital required
- Tax benefits available during the term
Cons
- No ownership until final payment made
- Higher total cost than outright purchase
- Asset cannot be sold during the term
- Early termination may incur penalties
Best For
Businesses that want eventual ownership of assets but need to spread the cost over time, particularly suitable for essential equipment with long useful life.
Finance Lease
A lease agreement where you use the asset throughout the lease term with the option to purchase it at the end. Ideal for businesses wanting to preserve cash flow while accessing essential equipment.
Pros
- Lower upfront costs and deposits
- Preserves working capital and credit lines
- Tax deductible lease payments
- Option to purchase at lease end
Cons
- No ownership until lease completion
- Total cost may be higher than outright purchase
- Early termination penalties may apply
Best For
Growing businesses that need equipment access without large capital outlay, or companies wanting to preserve cash flow for operations.
Operating Lease
A rental agreement for business equipment where you use the asset for a set period without ownership obligations. Perfect for equipment that becomes obsolete quickly or seasonal business needs.
Pros
- No ownership responsibilities or risks
- Lower monthly payments than finance options
- Easy upgrades to newer equipment
- Tax deductible lease payments
Cons
- No equity built in the asset
- No ownership at lease end
- Limited customisation options
- Ongoing payment obligations
Best For
Businesses needing short-term equipment access, companies in rapidly evolving industries, or those wanting predictable operating expenses without ownership risks.
What can I use a business car loan for?
Business car loans can finance a wide range of vehicles and fit-outs tailored to the needs of Australian businesses. From sales fleets and service utes to executive sedans and eco-friendly electric vehicles, lenders provide structured finance to help businesses access the right vehicles without compromising cash flow.
Company & Executive Cars
Secure sedans, hatchbacks, or SUVs for everyday business use, including executive travel, client meetings, and professional presentations. Having reliable company cars projects credibility to clients, supports efficient travel for staff, and helps businesses manage vehicle expenses through predictable repayments.
Trades & Service Vehicles
Finance utes, vans, or dual-cab vehicles fitted with canopies, toolboxes, and specialised racks. Ideal for tradies, construction firms, electricians, and plumbers who need vehicles tough enough to carry equipment and present a professional image when arriving at job sites.
Delivery & Logistics
Obtain light commercial vehicles and delivery vans to manage last-mile logistics, courier services, and eCommerce fulfilment. Business car loans help you expand delivery capacity, maintain reliable service for customers, and upgrade to vehicles that lower operating costs.
Sales Fleet
Build or expand a fleet of economical, fuel-efficient cars for your sales or service representatives. A financed fleet ensures your staff can reach customers across Australia, boosting productivity while keeping repayments aligned to revenue cycles.
Specialty Fit-outs
Customise vehicles for specific industries such as food trucks, refrigerated vans, mobile workshops, or on-site repair units. Financing allows you to roll purchase costs and modifications into one facility, spreading repayments while keeping your vehicles fully equipped for business needs.
Green Upgrades
Invest in hybrid or electric vehicles (EVs) to reduce fuel costs and meet sustainability goals. Business car loans can also finance EV chargers, accessories, and green technology upgrades—helping your business transition to eco-friendly transport with long-term savings.
Case Study
Ethan Ward, Ward Plumbing Co.
Right-sized repayments with a balloon
Industry: Trades & Services
Challenge: Needed two new utes but wanted to keep monthly costs lean during winter.
Solution: Chattel mortgage, 60-month term with a 30% balloon aligned to resale value.
A plumbing business in Melbourne replaced two ageing utes. Through Emu Money they compared options and chose a chattel mortgage with a balloon to reduce monthly repayments. The lower instalments matched seasonal cash flow, and the expected resale value covers most of the balloon at term end.
How much can I borrow with a business car loan?
Typical facility sizes range from $10,000 to $500,000+ per vehicle. Limits depend on turnover, time in business, vehicle age/value and your credit profile. Many lenders offer up to 100% of the purchase price (plus on-roads and accessories) for newer vehicles; older vehicles may have lower maximum LVRs and shorter terms.
Business Car Loan Repayment Calculator
Estimate repayments and total cost. Adjust the amount, term, rate and balloon to plan cash flow before you apply.
Balance over time
Am I eligible for a business car loan?
Eligibility focuses on serviceability and vehicle suitability. Newer vehicles generally attract sharper pricing and longer terms. Strong bank-statement health and stable trading history improve approval odds.
You may be eligible if you are:
An Australian business (ABN active; GST for most facilities)
Over 18 years old
Trading for 6–12 months (start-ups considered case-by-case)
Minimum monthly turnover of $5,000–$10,000
Purchasing an eligible vehicle (passenger, ute, van, light commercial)
How to apply for a business car loan?
Complete a quick online application and upload documents. We’ll source multiple offers across chattel mortgage, hire purchase and lease options, then coordinate settlement with the seller.
Documents you may need:
ABN and GST details
Photo ID (driver’s licence or passport)
Business bank statements (3–6 months)
Tax returns/BAS for larger limits
Vehicle details (VIN, rego, invoice/quote)
How to save money on a business car loan
Compare structures as well as rates—chattel mortgage vs lease vs hire purchase can change cash-flow, tax treatment and total cost. A modest balloon/residual can lower repayments; just ensure the final amount aligns with expected resale value. Newer vehicles often qualify for sharper pricing. Avoid add-on fees you don’t need, and consider extras (signwriting, racks, canopies) at settlement so they’re financed at the same rate.
Example: Balloon impact — $60,000 over 60 months at 8.49% p.a.:
| Balloon | Approx. Monthly Repayment | Notes |
|---|---|---|
$0 | $1,232 | Highest monthly cost |
10% ($6,000) | $1,123 | Lower monthly cost |
20% ($12,000) | $1,014 | Balance of cost vs cash flow |
30% ($18,000) | $905 | Lowest monthly cost; plan for resale to clear balloon |
Understanding business car finance options
Car finance for business vehicles can be structured in different ways, depending on how you want to manage repayments, ownership, and tax benefits. Here are the key options:
Secured vs Unsecured Loans
Most business car loans are secured against the vehicle, which reduces lender risk and delivers sharper rates. In some cases, unsecured car loans are available, offering faster approvals and flexible use of funds, but usually at higher interest rates and lower borrowing limits.
Chattel Mortgage
One of the most common structures for business car finance, a chattel mortgage gives your business ownership of the car from day one. The loan is secured against the vehicle, and repayments may be structured to maximise cash flow. GST on the purchase price may also be claimable upfront.
Finance Lease
With a finance lease, the lender owns the car and your business leases it for a set term, with the option to buy at the end. This allows you to keep capital free while accessing vehicles quickly. Lease payments are usually tax-deductible as operating expenses.
Balloon or Residual Payments
Many lenders allow balloon or residual payments at the end of the term. This lowers regular repayments and helps with short-term cash flow. At the end, you can pay out the balloon, refinance it, or upgrade the vehicle. It’s a popular structure for managing budgets and fleet turnover.
Fixed vs Variable Rates
Business car loans can be taken with either fixed or variable rates. Fixed rates provide repayment certainty, helping with budget planning, while variable rates may offer savings if market rates fall. The right choice depends on your risk tolerance and financial strategy.
Early Repayment Flexibility
Some business car loans allow you to pay off the loan early or make extra repayments without penalty, while others charge fees. Early repayment flexibility can save on interest and give you more control over your finance strategy, particularly if cash flow improves or you plan to upgrade vehicles sooner.
Testimonials
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Dealing with Ryan has been excellent from start to finish ! Quick response no questions in answered great experience all round
Daniel W.
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What a great bloke to deal with... Thank you Brad for all your help and making our dream a reality. We will be contacting you again shortly.
John Z.
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Emu Money does a really good job when it comes to their services. It was pretty easy and smooth, less stressful, quick, Cristal clear, very friendly, to the point...etc I would highly recommend them for anyone My agent was Eujin who made my dream come true with what I wanted achieved. Thanks heaps and all the very best. Regards Lankesh
Lankesh S.
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Excellent service, they always answered all my questions very quickly, thanks for everything Eujin and Andy 10/10
Matias S.
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⭐️⭐️⭐️⭐️⭐️ Evette is amazing. As a sole trader I struggled to get finance for a car, but she worked tirelessly to make it happen and got me a great loan. Even when delays came up with the sellers bank, she kept on top of everything until it was resolved. I am so grateful and would 100% recommend her to anyone!
Sarah S.
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Stevie was amazing she made the entire process smooth, not stressful and easy everything she requested wasn’t hard to complete, she worked around me she gave me advice or what to look for in a car she shared some good places to find a car she shared her experience with insurance she was amazing and went above and beyond. It isn’t always easy sharing things with someone when it comes to your personal affairs but she made me feel welcome to share you have a start worker and I really do believe she deserves a pay bonus
Tania W.
Frequently Asked Questions
Business Car Loan FAQs
These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.
