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.
5.0 rating
Business Car Loans Made Simple
Get the right vehicle finance for your ABNânew 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 assetâs useful life. Whether youâre 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:
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 upgradesâhelping 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 6â12 months (start-ups considered case-by-case)
Minimum monthly turnover of $5,000â$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. Weâll 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 (driverâs licence or passport)
Business bank statements (3â6 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 ratesâchattel 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 donât need, and consider extras (signwriting, racks, canopies) at settlement so theyâre financed at the same rate.
Example: Balloon impact â $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. Itâs 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
Verified Review
Amazing customer service experience only took short time thanks Ryan
daniel r.
Verified Review
Clint G.
Verified Review
They go above and beyond for you. Easiest process and they keep in contact from start to finish. Highly recommended. Ryan you sir are a legend
Lucas W.
Verified Review
I want to take this moment to highlight the outstanding service I received from Jackson in organising for the purchasing of my car. Jackson have the know-how in dealing with any customers and made my car buying experience smooth and enjoyable. He was incredibly knowledgeable about the product and I confidently made my decision because he gives me all the information I needed. He was transparent throughout and made me comfortable and informed throughout the process. I would not hesitate to recommend Jackson and the company for a fast and easy loan approval that you don't get anywhere else. Thank you Jackson and I will recommend you to all my friends and families.
Usaia R.
Verified Review
It was an absolute pleasure dealing with Ryan from Emu Money in sorting out my car loan. I was talking with another broker and I was almost ready to settle the loan through him without realising I was getting charged a large amount as the lender fee, almost 3K. Once I started talking with Ryan I realised the naked truth of how I was about to get ripped off by the other lender. Ryan helped me to get the loan with a lesser fee, lesser repayment amount and the same lender with which I was gone with the first broker. I can't thank enough Ryan for his exceptional service which helped to get a better deal. I would highly recommend him for any loan needs.
Praveen P.
Verified Review
Incredibly seamless experience! Highly recommend
Tracy 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.
