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Low Doc approvals up to $250k

Interest rates from 6.25% p.a.

Borrow up to 100%

No minimum trading time required

Up to 7 years loan term

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What are Business Vehicle Loans in Australia?

Enterprises and sole traders often find the need to buy a vehicle for a myriad of business purposes. However, what does one do with insufficient funds to buy a car? In such a scenario, a business entity can apply for business vehicle finance.

A business vehicle allows the borrower to claim GST against the car on purchase, denote the vehicle as a taxable offset, and claim depreciation on the purchase value.

Business vehicle finance is a fixed-term financing contract with a fixed interest rate. The vehicle you purchase using the loan amount will act as the security against the loan, even though you are the designated owner. The ownership rights allow businesses to earn tax benefits from business vehicle financing.

Our team at Broc Finance has years of experience in facilitating business vehicle loans for enterprises, big and small. We can connect you with credible lenders and ensure that you find the best rates and favourable loan terms to benefit your business.

What you should know about Business Vehicle Finance

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What are the Key Features of Business Vehicle Finance?

Business vehicle finance has distinctive features, separating it from other forms of asset finance. Here’s a list of its defining attributes:

  • Allows enterprises to secure funding for a business vehicle if they intend to use more than 51% of the time for business purposes.
  • Fixed repayments and lower interest rates as compared to an unsecured business loan.
  • The loan is secured against the commercial vehicle that you are buying so no additional security required.
  • Business vehicle finance is quite popular among small businesses and sole traders. It is quite beneficial to them.
  • The interest rates against the loan vary as per the age, model and condition of the vehicle.
  • The loan terms vary between 1-7 years.

Business vehicle finance offers tax benefits to business owners and enterprises.

What Types of Vehicles Can You Buy with Business Vehicle Finance?

Here is a list to help you choose a vehicle for your business (that you can buy through business vehicle finance):

  • Cars
  • Heavy-duty vehicles
  • Medium to small vehicles
  • Vans, PIck-up and Utes
  • Truck, trailers, and buses
  • Motorbikes
  • Scooter

What are the Benefits of Business Vehicle Finance?

Business vehicle finance can benefit an enterprise in multiple ways, such as:

  • Helps to maximize the working capital and preserve its cash flow.
  • Since the repayment amount is fixed, it helps the borrower in accurate and precise projection of the expenditure and income.
  • There are flexible payment options, allowing the borrowers to choose an amount that will not deplete the cash flow.

There are tax benefits like depreciation and interest claim on the profit and loss statement of the business.

How Can Broc Finance Help?

No matter what kind of business financing solution you seek, Broc Finance will help facilitate your funding needs, including business vehicle finance. We have been actively helping enterprises replenish their cash flow, through diverse business financing means. 

Our team has an unscathed record of working with clients and businesses ranging from small to big enterprises, new businesses, and start-ups. Even companies with bad credit scores can benefit from our range of services concerning business financing. 

Broc Finance acts as a bridge between business owners and lenders, matching them up appropriately after assessing the financial situation of the business and its funding requirements. 

Seeking our help is easy. You only need to fill up a form online and submit it; our experts will reach out to you in no time.

Streamline Your Business Vehicle Finance Application

  • Quick Approvals for Loans Up to $250K: Fast-track your journey with our simplified business vehicle finance application process.
  • Competitive Rates Starting from 6.25% p.a.: Secure the best business vehicle finance with interest rates designed to keep your costs low.
  • 100% Financing on Purchase Price: Finance the entire value of your vehicle and preserve your capital.
  • Flexible Terms from Day One: With no minimum trading time required, we cater to businesses at every stage.
  • Loan Terms Up to 7 Years: Spread your payments comfortably over time, with options for balloon payments to reduce monthly outlays.

How to Choose the Right Business Vehicle Finance?

Our top vehicle finance loans in Australia have been compared below.

Chattel Mortgage

Loan Term

1 - 7 years

Benefits

Can claim GST, Depreciation and other tax benefits.

Disadvantages

Record of vehicle ownership on the business balance sheet.

Operating Lease

Loan Term

1 - 7 years

Benefits

Lower upfront cost, able to upgrade, potential tax benefits, no deposit required.

Disadvantages

The business will not have ownership of the vehicle.

Hire Purchase

Loan Term

1 - 7 years

Benefits

More flexible payments, potential tax deductions.

Disadvantages

Full ownership only at the end of the loan term.

Finance Lease

Loan Term

1 - 7 years

Benefits

Balloon/Residual options, lower monthly repayments, tax benefits.

Disadvantages

Running costs are not generally included in the lease.

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Real results with real people.

99+ customer reviews

5.0

Aktaruzzaman Rasel

Aktaruzzaman Rasel

Thank you Neeraj Indraghanti and his team. Really apricated you help to getting the loan when we needed. We had an amazing experience with this company. We are so pleased with the service received from Neeraj. He went above and beyond to help us get out of the situation. The loan process was easy and hassle free. Looking forward to use your service in future too.
Tabitha Pomente

Tabitha Pomente

Working with Saroj and the Bronc Finance team has been an incredible experience. Their professionalism, knowledge, and support throughout the process have been outstanding. I couldn’t be happier with the service and results — highly recommended!
Don Hett

Don Hett

⭐️⭐️⭐️⭐️⭐️ Highly Recommend Saroj from Broc Finance! Saroj was incredibly helpful from start to finish. He listened to all my requirements, understood my situation, and got me the funding I needed super fast. I really appreciate how efficient and responsive he was throughout the whole process. If you’re looking for someone who actually cares and gets the job done without delays, Saroj is your guy. I highly recommend him for anyone needing funding support. A big thanks to Saroj and the team at Broc Finance for their great work. Wishing you all the best!
Mugdha Chandekar

Mugdha Chandekar

A Trusted Partner in Commercial Finance I had the pleasure to discuss with Broc Finance on a complex commercial mortgage transaction, and I can confidently say they are the experts and professinals in this space. If you're looking for a commercial mortgage broker who brings clarity, integrity, and genuine commitment to the table, Broc Finance is the one to call. Highly recommended for any business owner seeking tailored financial solutions.
Yogendra Jayadeva

Yogendra Jayadeva

Partnering with Broc Finance (and Saroj) has been a fantastic experience—seamless support, quick turnaround, and successful outcomes for even the trickiest business loan scenarios. Highly recommend them for reliable and efficient Business lending solutions!
Deepesh Parikh

Deepesh Parikh

Saroj knows his business. To the point guidance, everything from start to finish was as expected and confirmed by him. Always recommend him for sorting it your personal or business finances. Thanks a lot for all your help Saroj.
Daniel Butel

Daniel Butel

Saroj and the team are great, they are open and transparent with advice. Truly are advocates for your business and help to cut through the finance jargon that’s hard for business owners and operators to decipher
Zoltan Matrof

Zoltan Matrof

I wanted to express my sincere gratitude for your outstanding support in helping me secure finance. Your professionalism, clear communication, and dedication made the entire process smooth and stress-free. I truly appreciate your expertise and commitment—thank you for going above and beyond to assist me! World Gym Busselton

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Frequently asked questions

Once you reach out to us, we spare no time to assess your financial condition and other business details to match you with the right lender. You can get approval in as low as 24 hours and consecutively access funds.

You can be eligible for a business vehicle finance if you intend to use the car at least 51% of the time for business purposes. 

The interest rates against business vehicle finance vary from case to case. You will have to provide details to our experts so they can get the best interest rates for you from a credible lender. 

Yes, that is possible. Over the years, we have helped many businesses with bad credit history get business financing with favourable terms and interest rates. Reach out to our experts for details. 

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