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Equipment Finance Quote Request

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12 Apr Today's
best rate
Finance Equipment From
2.5 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 16/04/2021 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.

Jade provides the full range of commercial finance facilities for the purchase of business vehicles. We are a leading provider in the motor vehicle lending sector and our consultants are specialists in structuring finance to suit individual business requirements.

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

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 Vehicles: widely used as it suits cash accounting systems; balloon optional; GST claimed on 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

While approaching the bank or a finance company yourself may appear an easy process, dealing with professional finance brokers, 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.

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. 

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