5.0 rating
Typical amounts from $10,000 to $500,000+
1 to 7 year terms with optional balloons
Same-day decisions possible for eligible deals
Dealer, auction or private sellers supported
Chattel mortgage, hire purchase, finance lease
Sales reps, trades, delivery, executive vehicles
Share your business details, vehicle info and budget. No lengthy forms.
Our Lender Match technology compares chattel mortgage, hire purchase and lease options.
Provide ID, ABN/GST details and recent bank statements or financials for larger limits.
We arrange settlement with the seller so you can drive away sooner.
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.
This guide is broken down into the following sections. Click a link if you want to skip ahead.
Choose a structure aligned to tax treatment, ownership and cash flow:
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.
Established businesses looking to purchase equipment, vehicles, or machinery with immediate ownership and maximum tax benefits.
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.
Businesses that want eventual ownership of assets but need to spread the cost over time, particularly suitable for essential equipment with long useful life.
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.
Growing businesses that need equipment access without large capital outlay, or companies wanting to preserve cash flow for operations.
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.
Businesses needing short-term equipment access, companies in rapidly evolving industries, or those wanting predictable operating expenses without ownership risks.
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.
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.
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.
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.
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.
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.
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.
Ethan Ward, Ward Plumbing Co.
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.
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.
Balance over time
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)
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)
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 |
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:
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.
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.
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.
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.
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.
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.
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Robyn was amazing the way she went through each step made it so easy to understand and having a joke along the way it was like chatting to a mate well done Robyn winner
Steve G.
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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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Brad has been absolutely amazing to work with to help with financing for our business! The process was very simple, well explained and Brad went out of his way to provide updates - highly recommended!
Karn P.
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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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I had such a great experience with Evette when sorting out my car loan. She made the whole process really easy and stress-free, was always quick to answer any questions, and genuinely cared about getting me the best outcome. Super friendly and professional. I'd happily recommend Evette to anyone looking for a car loan!
Dillon F.
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Highly recommend, process was simple and quick! very nice fella Jackson 🤝🏼
Shayshay K.
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