Current lenders have capacity to finance commercial vehicles from $5,000 up to $250,000. Individual and business circumstances may affect the maximum loan amount.
No. A deposit is not required for a commercial car loan.
Certain types of vehicles are eligible for the Australian Government’s instant asset write off. If eligible, the asset may be written off immediately and a tax deduction claimed for the business portion of the purchase cost. Learn more about the ATO’s instant asset write off.
You may be eligible to claim a tax deduction on your business vehicle depending on the vehicle, company structure and vehicle usage. Learn more about claiming a tax deduction for motor vehicle expenses.