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Business Vehicle Finance | Get Quick Commercial Car Loan Approvals

7 Jul Today's
best rate
Finance Equipment From
2.79 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 05/08/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Compare and Calculate with Our Interest Rate Guide

Jade offers a complete portfolio of commercial loan products and we have compiled this handy reference guide of the cheap interest rates we are achieving for different loan products. To compare repayments for different loan products for your requirements, simply enter your loan amount and loan term you require. A quick call to us 1300 000 003 and you can receive a specific quote.

Loan Amount
Loan Term
New Equipment Loan
2.79% Starts At
$569.75
Monthly repayment
Used Older Secured Equipment Loan
4.50% Starts At
$612.5
Monthly repayment
Business Loans - Unsecured
7.99% Starts At
$699.75
Monthly repayment
Business Loans - Secured
2.95% Starts At
$573.75
Monthly repayment
Overdraft - Non Bank
9.95% Starts At
$748.75
Monthly repayment
Chattel Mortgage
2.79% Starts At
$569.75
Monthly repayment
Operating Leases
4.60% Starts At
$615
Monthly repayment
Commercial Hire Purchase
2.79% Starts At
$569.75
Monthly repayment
Rent To Own
9.95% Starts At
$748.75
Monthly repayment
Loan Product Interest Rate
Starts at:
Monthly Repayment
New Equipment Loan 2.79%
$569.75
Used Older Secured Equipment Loan 4.50%
$612.5
Business Loans - Unsecured 7.99%
$699.75
Business Loans - Secured 2.95%
$573.75
Overdraft - Non Bank 9.95%
$748.75
Chattel Mortgage 2.79%
$569.75
Operating Leases 4.60%
$615
Commercial Hire Purchase 2.79%
$569.75
Rent To Own 9.95%
$748.75
Get a free quote

DISCLAIMER: This resource is provided to allow users to calculate repayments on several loan products with the sole purpose of comparison. Use of this calculator does not indicate a loan application has been received or approved. The repayment calculated is not an offer of finance. The fees and charges which may apply to individual loan products or to individual applications may not be all included in the interest rate shown and hence in the results calculated.

Business Vehicle Finance – Commercial Vehicle Finance

When seeking motor vehicle loans for cars and commercial vehicles, the key priorities for businesses are cheap, cost-effective loans to meet targets and a streamlined and straightforward process to secure that low-interest rate deal. We deliver on both those objectives in addition to providing wide-ranging cost and service benefits to our customers.

We provide finance for the full range of vehicles used for business purposes: light commercial, vans, utes, SUVs, trucks and trailers, heavy duty vehicles, wagons, sedans, multi-passenger vehicles and passenger cars.

As specialist commercial car loan lenders, we have developed a model designed to achieve the specific needs as well as resources, tools, expertise and access to better commercial vehicle financing.

Jade Equipment Finance provides the full range of finance facilities for the purchase of business vehicles. We are leading providers in the commercial motor vehicle lending sector and our consultants are specialists in structuring finance to suit individual business requirements. Whether you’re a sole trader, owner-operator, micro business, SME, family enterprise, partnership, proprietary limited company or a large corporation, our services are readily available to assist you to source cheap business car loan interest rates.

Our team of financial professionals appreciate and understand the needs of your business and through our superior and streamlined services, we save you time and hassle while delivering lending for commercial vehicles to save you money over the term of your loan.

Finance for Business Vehicles

The decision as to which particular finance facility best suits your business should be made in consultation with your accountant. Commercial finance products include varying treatments of GST, tax-deductibility, depreciation and balance sheet entry and are structured to suit different accounting methods.

  • Chattel Mortgage for Business Vehicles: the most commonly utilised finance product as it suits many businesses that use a cash accounting method. A balloon is optional to reduce monthly repayments; GST can be claimed on next BAS; repayments and balloon, not tax-deductible; interest is tax-deductible.
  • Commercial Hire Purchase (CHP) for Business Vehicleswidely used as it suits cash accounting systems; balloon optional; GST claimed on the purchase price; repayments and balloon not tax-deductible; interest is tax-deductible.
  • Business Vehicle Leasing: an off-balance sheet option; lease payments are tax-deductible as operating expense; optional residual subject to ATO guidelines; GST applies to monthly payments and residual.
  • Novated Lease with Salary Sacrificing: suits businesses wanting to provide a fully-maintained company vehicle for an employee and the employee chooses to have expenses deducted from pre-tax salary.
  • Rent to Own for Business Vehicles: monthly payments tax-deductible as operating expense; GST applies to repayments; buyback option.

Attractive Finance with Better Interest Rates

All Jade business vehicle finance deals are structured to suit your business and based on our cheap interest rate policy. All finance include:

  • Jade’s cheap Interest Rate
  • Interest Rates Fixed for Loan Term
  • Fixed Monthly Repayment
  • Fixed Loan Term

Jade Offers Many Significant Benefits

  • Save you time by handling paperwork, lender negotiations, paperwork and assist with other matters including insurance, REVs, interstate regulations if purchasing from out of state.
  • Expert negotiating skills to bargain the terms, conditions and interest rate to suit your business, not strict bank guidelines and shareholders.
  • More choice of lenders is your assurance that we have sourced you the best business vehicle finance.

Your Jade consultant will work closely with you to secure you a great offer for new and used business vehicles, purchased from a private seller, dealer or at auction.

Achievable, Affordable No Doc Business Vehicle Loan Options

We work with all sized businesses, all business set-ups and with businesses at different stages of operation. We have an in-depth appreciation of the challenges faced especially by businesses in the starting up phases to secure lending at affordable rates. Many business owners simply don’t have the financial documentation required by many lenders and that can mean their loan application is not approved.

Our consultants meet the needs of these businesses with our No Doc Business Vehicle Loans. We can achieve affordable and cheap interest rate loans for businesses that do not have all the financials usually required for business lending. Our accreditation with non-bank lenders that offer this type of finance facilitates our ability to offer this specialised finance category to our customers.

No Docs Loans can be achieved at our cheap interest rates for Car Chattel Mortgage, Vehicle Leasing and Commercial Hire Purchase. Your consultant will handle the entire process for you from sourcing the cheapest quote through the application process and to the final settlement.

To review the full details including requirements and conditions for our No Docs Business Vehicle Finance, head to our dedicated webpage.

Better Interest Rate Low Doc Business Vehicle Finance Available

Low Doc Finance differs from No Doc Loans based on the number of financial accounts, records, BAS statements, tax returns and other documentation a business has available. The application requirements are similar but the better the quality and quantity of docs a business can provide, the more favourable any special conditions that may be attached to the finance by individual lenders.

We can achieve cost-effective Low Doc Business Vehicle Finance at our cheap interest rates by utilising our vast accreditations, which includes industry-only connections with specialist lenders.

Not having all the documents requested by some banks and lenders doesn’t necessarily mean you need to resort to a high-cost loan alternative. Speak with one of our consultants and see how we may assist you to achieve a realistic Low Doc Vehicle Loan quickly and easily. Contact us for an obligation free discussion. 

 

Access to Bad Credit Business Vehicle Loan Options

Accruing a bad credit rating can be crippling to the prospects of business owners seeking finance to purchase motor vehicles. But it doesn’t have to be. We are fully understanding of real life situations and how businesses can find themselves in this situation. We’re understanding and we have options to overcome the obstacles.

We have well-established connections with lenders that do offer affordable business vehicle finance to bad credit applications and your Jade consultant handles the negotiations to secure the best interest rate, terms and conditions possible.

Pre-approved finance is highly recommended for businesses with bad credit as it allows you to know how much your loan is approved for prior to committing to a vehicle purchase. For a confidential discussion about your requirements and what we may be able to achieve for you, contact us via phone or email.

 

Quickly and Easily Calculate Business Vehicle Loan Repayments

Knowing what your possible vehicle loan repayments in advance can assist greatly with budget planning, scheduling asset acquisitions, deciding between different priced makes and models and working out how you would like your finance deal structured. Our Business Car Loan Calculators is your essential tool to calculate loan repayment estimates and decide what percentage balloon/residual and loan term you would prefer.

Our calculators are free to use and you can use them for repayment calculations on as many vehicles as you are considering. Try it now to see how easy these devices are to use.

Take Full Advantage of our Business Vehicle Finance Services

Car Loans for Businesses is one of the largest and most competitive fields in the Australan financial services industry. Great on some counts but not so great if you’re planning to source your vehicle lending yourself.

Handling your own business motor vehicle finance can be time-consuming, at times infuriating, and if you’re not totally across the lending scene, confusing. We eliminate those issues by providing our comprehensive services to make your business life easier and your vehicle finance cheaper!

We open access to industry-only finance channels where some of the best deals are found, use our strong bargaining power in the motor vehicle finance sector to negotiate better interest rates and terms and provide a streamlined process to better finance.

Click through to discover more reasons how and why we can deliver a better motor vehicle finance deal for your business.

Speak with a Jade Consultant to discuss a financing solution for your business vehicle purchase. Call 1300 000 003

Business VehicleFinance Calculator

Using this free online calculator is established on the end user's understanding as well as acknowledgment that the estimated repayments displayed does not illustrate a lending quote; it does not suggest an application for any kind of finance has actually been lodged; it is not an implication that any funding application has actually been approved. The formatting of this online calculator does not take into account specific details pertaining to any kind of specific personal finance application or any type of lending institution fees and costs. It is formatted to provide a basic outcome based on basic info as well as amounts solely.
After lodging a formal loan application, the quote and payment totals that you may possibly be supplied might vary from the estimate calculated by this tool.
The gadget is not suitable for calculations on car loans that are established on a passion only basis. The formatting is purely established to compound interest for a chosen amount of time based on the amounts typed in by the site visitor.
The calculator is not intended as a tool for finance decision making. Individuals that need financial advice ought to choose a professional financial expert in relation to their personal circumstances. To apply for lending and acquire a quote based on your individual requirements, the individual must call Jade and also have their personal application reviewed by among our Jade specialists.

Finance Calculator Disclaimer

Business Vehicle Finance FAQs

Throughout our website we have endeavoured to cover off a many details around equipment finance including the purchase of business vehicles. But we fully appreciate that a business vehicle is a major investment and many customers will have queries around the finance products and our lending process. In this section we canvass a range of additional topics and specific questions which we trust will answer any queries you have. For more information on any areas of business vehicle finance, just give us a call on 1300 000 003.

What types of vehicles are classified as business?   

Business vehicles are classified as vehicles which are used in a business or for the purpose of operating predominately (more than 50%) in a business and are purchased and financed through a business entity. This can include passenger cars used by reps, light commercial vehicles, vans used for delivery or specific purposes such as set up as a technician or repairer mobile work space, utes, cab chassis, light through to heavy trucks, MPVs, 4WDs, wagons and buses. Finance is also available for other types of vehicles such as materials handling vehicles including forklifts and pallet trucks, bulldozers, earthmoving vehicles. These categories could be considered as a construction equipment category or as business-related vehicles.

Are pre-approved equipment loans available?   

Yes. A pre-approved loan can be extremely useful when approaching a vehicle purchase and is quite common practice for many businesses. Pre-approved vehicle finance is arranged in similar steps to that of a loan arranged after a vehicle is selected and/or purchase deal agreed upon. Except, it is usually based on an estimate of what our customer anticipates their vehicle will cost rather than on an invoice for sale issued from the seller. Most people have at least a rough idea of what they will be paying for a vehicle so estimating a loan amount is quite easy. A loan quote is sourced for that amount. On approval of the quote, the application is processed through to the final approval stage. Customers can then proceed with confidence to select a vehicle and commit to a purchase. The loan amount is then finalised on the contract and any adjustments made when the final invoice is received.

Can I get finance on the entire vehicle price?   

Yes in many cases. This is often referred to as no deposit finance and is the preferred way to go for many businesses. Most business are looking to capitalise fully on any tax deductions and other benefits associated with their choice of finance deal and rarely want to use their cash at hand to make a deposit on a vehicle. Finance is sourced which covers the purchase price, dealer delivery charges which usually incorporate the first year’s registration and CTP. A no deposit finance deal allows borrowers to free-up cash flow for other purposes. Commercial finance products include an option for a balloon or residual. This is an amount of the purchase price which is payable at the end of the finance term. Sometimes considered as paying the deposit at the end. By varying this amount you can achieve the repayments that suit your expectations. Use a loan calculator to play around with different variations to see what may work for you.

What type of loans are available in Australia?   

A comprehensive selection of business finance products is available for vehicle purchases. These include Chattel Mortgage, Leasing, Commercial Hire Purchase and Rent to Own. The differences in these loan types include suitability to either the cash accounting method or accruals method of accounting; balance sheet entry; treatment of GST; and what elements at what timing tax deductions are realised. All offer benefits in different ways depending on individual set-ups, financial objectives and personal preferences. Deciding which is the best loan for your business should be discussed with your accountant or financial advisor. These loans include fixed interest rates, fixed repayments, fixed loan term and individually negotiated terms and conditions.

Can I get rough loan repayment estimates?   

Yes. There are a number of self-serve finance resources which allow businesses to plan their purchases and their loan structure. These include a Loan Comparison Calculator and an Equipment Finance Calculator. The Loan Comparison Calculator is an easy to follow chart which shows the cheap interest rates that are currently being achieved across a loan portfolio. By entering the amount you want for your total loan and the loan term you would prefer, you will see the rough estimate of repayments on each different loan type. The Equipment Finance Calculator is another self-serve device which goes a step further than the loan comparison chart. You can enter the loan amount, loan term and any balloon/residual you may like to include. The calculator then formulates a repayment ballpark based on the data you have entered. You can play around with the figures to get an idea of how you would like your loan structured to achieve the repayment level you prefer.

Can I get finance with a brand new ABN?   

It could be possible to achieve a business vehicle loan with a newly acquired ABN. Select lenders provide specialised services for businesses just starting up and for applicants that do not meet all the requirements as designated by say the major banks. Loans for this category of applicant are referred to as start up business loans, The minimum requirement is to hold a current ABN and have identification. Being registered for GST is not essential but preferred. From that point, the more documentation you can provide to support your application, the better your prospects in regard to terms and conditions. The criteria for this type of loan are stricter than for fully-documented business vehicle loans but all loan products are available. Individual lenders will apply their own set of conditions after assessing an application. These may include additional property ownership or security, a good credit profile and possibly request the total loan amount be reduced.

Do I need to get comprehensive insurance?   

 All finance agreements on secured business vehicles will stipulate that the borrower take out a comprehensive insurance policy on the vehicle. This is in addition to the compulsory third party insurance, CTP. Most commercial finance products are based on a secured loan format. That means the lender uses the vehicle as security against the loan such as with Chattel Mortgage or the lender retains ownership of the vehicle on their balance sheet. In order to assure that security the borrower needs to take out an insurance policy. The lender will want to be assured that should the vehicle be stolen, damaged or completely written-off in an accident, the insurer will cover your loan. 

Is the interest rate the same for all loan products?   

No. Business loan products, known as commercial finance facilities attract varying interest rates. The variations reflect the differences in the loans from the risk and lender perspective. Chattel Mortgage which is also known as Vehicle Loan, attracts the lowest rate across the range of business loan products. Commercial Hire Purchase is typically the same or similar to Chattel Mortgage as it shares similar features. Leasing attracts a higher rate. This is universal across the finance lending sector. However, the rates offered by individual banks and lenders vary, at times, significantly across all loans. These difference reflect how a lender prices that particular loan segment and their own costs of sourcing funding.

Can a sole trader apply for business vehicle finance?   

Yes. Sole trader is a recognised business operating structure and is eligible for business vehicle finance. Sole traders are required to acquire an ABN in order to operate as a business and that is the main criteria for business lending. Being registered for GST is not an essential requirement. It can be seen as favourable by some lenders and if a business has a turnover exceeding $75,000 pa, the ATO requires they register for GST. All types of businesses are eligible for business vehicle finance including owner operators, SMEs, large corporations, partnerships and family enterprises.

What are the requirements for low doc and no doc vehicle finance?   

Docs refers to the financial documents, income tax returns, annual accounts etc which banks and lenders request as part of the business finance application process. Businesses that have very little or none of these docs can seek low doc and no doc finance. The minimal requirements are a current ABN, ID and good credit rating. Being registered for BAS is not essential but viewed on favourably by some lenders. The quantity of docs a business has determines if they seek low or no docs. The more the docs produced to support a finance application, typically, the more favourable the loan conditions. Businesses just starting up can apply for category of finance. While some banks and lenders have a minimum requirement of 12-24 trading time as eligibility for finance, there are non-bank lenders that do not have this requirement.

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