Get vehicles and equipment for your business with flexible finance options from 30 + lenders.
Learn about the benefits of a vehicle and equipment loan (chattel mortgage) and how it could help your business grow.
Keep money in your business' pocket with no deposit options for loans up to $250,000.1
Access weekly, monthly, quarterly or seasonal repayments on loan terms from 1 to 7 years.
Find a loan repayment that suits your business. Use our car loan calculator to discover what your rate could be.
For most vehicle and/or equipment loans, the only security needed is the asset itself.2
You can access our simple and secure online application platform 24/7 from the comfort of the office or home, with no upfront credit check required.
Check 1
Your business is registered for GST and has a turnover of at least $75,000 per year.
Check 2
Your business has an active ABN/ACN and has been registered for at least 12 months.
Check 3
You're at least 18 years and hold an Australian citizenship or permanent residency.
Check 4
You have a business and residential address in Australia.
Check 5
You intend to use the vehicle and/or equipment mostly for business purposes.
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.
1. $0 deposit loan options
You have the option to provide an additional deposit if you wish, this will reduce the repayments. Tax invoices should be provided by the dealer and note, that private sales may require extra time to conduct an inspection and valuation.
2 Asset as security
Generally, the security is the asset itself; though in certain circumstances additional security might be required – this will be assessed on application.
3 Tax Deductions
The tax comments provided in this document and website are of a general nature. CarClarity recommends that you seek independent tax advice in respect of the tax consequences arising from any commercial and/or equipment financial product as they are specific to your unique and personal circumstances.
CarClarity is an online financial comparison service and is owned and operated by CarClarity ACL Pty Ltd ABN 50 606 243 243 / ACN 606 243 243 and Australian Credit License 478 874.
CarClarity provides you access to our expert team who can assist in selecting suitable car loans from our panel of 30+ lenders and over 1000 financial services products. The financial products compared on this website do not necessarily compare all features that may be relevant to you and CarClarity does not compare all rates in market.
All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. CarClarity may receive a commission from lenders we recommend.
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