Business Car Loans
Finance Options For Business Vehicles from 5.54%
*Comparison Rate 7.11%
Drive Your Business Forward with Low Rates Business Car Loans with Flexible Payment Options.
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- Low Repayments
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Finance Business Vehicles With Confidence
At Finance Ezi, we specialise in providing flexible and affordable car loans for businesses. Whether you’re looking to expand your fleet or upgrade your current vehicles, we offer tailored finance solutions that suit your business needs.
Our team works with a vast network of trusted lenders to secure low-interest rates and fast approvals, so you can focus on running your business while we handle the financing. With options for both new and used vehicles, our business car loans are designed to support your growth without straining your cash flow.
From sole traders to large corporations, we understand the financial demands of business ownership and are here to provide a financing solution that aligns with your goals.
- Best Rates
- Low Repayments
- Fast & Simple
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Our Easy 3-Step Process
Explore Tailored Finance Solutions For Your Every Need!
Share Your Needs
Request a free quote online and list your loan requirements.
We Handle The Details
With over 40 lenders, we help secure the best rates and terms.
Get Approved Fast
Swift approvals, so you can focus on growing your business.
Business Car Loan Types
At Finance Ezi, getting a business vehicle is made easy. We can offer:
A Chattel Mortgage is the most common loan type for businesses looking to purchase movable personal property, such as a new or used vehicle. As the borrower, you take ownership of the asset at the outset, which secures the loan the same way as a secured car loan. This arrangement, known as security agreements, allows the lender to take possession of the chattel mortgage if needed. Businesses use chattel mortgages because they offer flexibility with 1-7 year loan terms and the asset can be used as a taxable offset.
Another flexible option is Hire Purchase or Commercial Hire Purchase. This involves ‘hiring’ an asset with the intent to purchase it by the end of the loan term. During the loan term, the lender owns the asset, providing different tax offsets since it’s not an asset owned by the business. Commonly known as an instalment plan, you make an initial down payment and the ownership is not officially transferred until you pay off the balance plus interest.
Low Doc, No Doc, Self Dec, or Lite Doc loans are ideal for borrowers who wish to apply without the need for extensive financial documentation. This low documentation or no-documentation loan relies on the assessment of your business tenure, you as the borrower, guarantor’s financial position, and the asset being purchased. It’s perfect for businesses with little or no ‘provable’ servicing, i.e., capability to prove their ability to repay through profit and loss statement, business activity statement, or sales/revenue passing through business books.
At Finance Ezi, we offer a Find & Finance service where we’ll find your next business vehicle or fleet and handle the finance. We strive to provide a finance solution that suits your business, negotiating the purchase price on your behalf to get you the best business car laon—whether for new or used vehicles. Our tailored business car finance meets your business needs and our car finance for business purposes comes with flexible 1-7 year loan terms—all at no cost to you.
Car Loan Calculator
Use our easy car loan calculator to estimate repayments. Enter your details for a quick snapshot of your borrowing power and loan options.
Monthly Repayments
We understand the importance of budgeting and offer monthly repayments for your car loan. This system allows you to manage your finances more effectively, ensuring you can enjoy your new car without the stress of a large upfront payment.
Fast Loan Approvals
We pride ourselves on our quick approval process. We know you’re eager to driving a new business vehicle, so we make it our mission to help you achieve your business vehicle dreams without unnecessary delays.
Low Fees and Charges
We are committed to keeping your financing affordable. We strive to maintain low fees and charges, ensuring transparency so you know exactly what you’re paying for. With no hidden costs, you can confidently budget for your purchase.
Flexible Loan Options
We recognise that everyone’s financial situations and needs are unique, so we offer a variety of car finance options. Whether you’re in the market for a new or used car, our flexible terms are designed to suit your specific circumstances.
Buyer Freedom
Whether you have your eyes on a brand-new model, a used car, or a private sale, our financing solutions cover all avenues for your purchase. You have the freedom to choose the best option for your unique vehicle needs.
Boost Positive Credit History
Consistently meeting your loan repayment obligations on time each month with us can help improve your credit score. A better credit score makes it easier to get approved for future loans and often at a more favourable interest rate.
Business Car Loan FAQs
Yes, with Finance Ezi, you can finance both new and used cars for your business. Whether you’re looking to purchase a brand-new vehicle or a reliable second-hand option, we offer tailored finance solutions to meet your business needs. Our flexible terms and competitive rates make it easier for you to acquire the vehicles necessary for your operations.
At Finance Ezi, we offer business car loan terms that range from 1 to 7 years. The length of your term depends on the repayment amount you can comfortably handle and the lifespan of the asset you’re financing. If you’re purchasing a used vehicle, the term might be shorter based on the vehicle’s age.
While chattel mortgages and hire purchases share similarities, they differ in terms of ownership. Under a chattel mortgage, you, the purchaser, become the owner. On the other hand, under a finance lease or hire purchase agreement, the bank or lender retains ownership.
While a poor credit history could reduce your chances of securing a business car loan, it doesn’t necessarily disqualify you altogether. Speak with one of our business lending specialists at Finance Ezi to explore how we can assist you in obtaining a business car loan.
No, a deposit is not required. You have the option to borrow 100% of the vehicle’s value.
Applying for a business car loan with Finance Ezi is quick and easy. You can complete our online application form in less than 30 seconds for either a full loan or a quick quote. Alternatively, you can give us a call at 1300 003 003 to speak with one of our finance specialists.
Finance Ezi is all about making things easy for you – quick applications, flexible loans, speedy approvals, a wide range of finance options for different vehicles and equipment, competitive rates starting from as low as 5.54%, and exceptional customer service tailored to businesses’ unique needs.
The decision to lease or finance a vehicle depends on your business needs, financial situation, and long-term plans. Leasing can offer lower monthly payments and the flexibility to upgrade vehicles more frequently, while financing with the intention of ownership might be more cost-effective in the long run.
A balloon payment is a large, lump sum payment due at the end of a loan, after all regular monthly repayments have been made. Loans structured with a balloon payment typically have lower monthly payments throughout the loan, but result in a larger sum due at the end. This setup can make the loan more manageable on a month-to-month basis but requires planning for the final payment.
While a balloon payment can lower your monthly repayments, it generally increases the total amount of interest paid over the life of the loan compared to a loan without a balloon payment. Without a balloon payment, your monthly repayments would be higher, but you would pay less interest overall and would not have a large sum to pay at the end of the loan term.
A secured car loan requires you to use your new vehicle as collateral. This means if you fail to make your monthly repayments on your b business car loan, the lender has the right to repossess your vehicle to recover the loan amount.
On the other hand, an unsecured car loan does not require any collateral. However, unsecured loans often come with higher interest rates due to the increased risk to the lender. The choice between a secured and unsecured business car loan depends on your individual circumstances, including your financial situation and risk tolerance.
Yes, business vehicle loans can offer tax benefits, but the specifics depend on the type of finance you choose and your business circumstances.
Chattel Mortgage: The interest on the loan payments and the depreciation of the vehicle can be tax-deductible. Additionally, if you’re registered for GST, you may be able to claim the GST on the vehicle purchase price.
Hire Purchase: As the vehicle is considered an asset of the lender during the loan term, you may be able to claim tax deductions on the interest and the depreciation of the vehicle.
Low Doc Loan: Tax deductions are typically available on the interest of the loan payments and the depreciation of the vehicle.
It’s important to get your own independent tax advice from a financial advisor or accountant to understand how these tax deductions apply to your specific business car loan and to ensure compliance with tax laws.
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