Wide Range of Lenders
Whether your business is new or existing – our expert brokers have a long list of 80+ competitive banks and lenders to sift through to negotiate the best offer for your circumstance.
Use Jade Finance for Independent Contractors Vehicle Loans
If you are self-employed, chances are you have worked hard to get there. Which is why it can be incredibly frustrating when you continually have to jump over hurdles due to this decision.
Why Jade Finance?
Apply Online
The easy application process provides you with comprehensive information. Make a fully informed decision on your car loan.
Get Pre-Approval
Save time, money, and worry - Get Pre-Approval for your finance.
Business Loan Specialist
With over 25 years of experience in finance, we have a reputation for negotiating great rates with same-day approvals.
Simplified Car Financing for Self-Employed Individuals
Self-employed individuals face a variety of challenges when it comes to seeking financial assistance. Securing sole trader car financing is no different… However, with the help of our loan specialists, it can be more straightforward.
The reason self-employed individuals often find it more difficult than traditional employees to secure car financing is due to the typically unconventional nature of their income stream and the onerous, but integral, step of proving their earnings. However, for freelancers, small business owners, or gig economy workers – at Jade Finance, we have a variety of car loan options available for the vast range of financial circumstances that exist.
Benefits Of Using Jade Finance for Self-Employed Car Loans
By selecting us for your self-employed car loan, you’ll receive personalised service and advice on the range of self-employed car loan products we offer - including chattel mortgage, leasing, rent to own, and commercial hire purchase.
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Fast and Easy
With an easy application process including fast time around times, the ability to be pre-approved, and potential to receive a same-day approval – the expertise of the Jade loan team is extensive and influential within the competitive loan market.
Identify Best Options
As a self-employed individual, the benefits you could achieve by having one of our market professionals on your team are enormous, and could mean the difference between feasibility or failure for your business.
Key Benefits
Some key benefits you could achieve by choosing Jade for your self-employed car loan, are low interest rates, flexible loan terms, and a deal that best represents your variable income.
Your Loan Specialist
When you explore car financing for sole traders with Jade, you will be matched with one of our car loan specialists who will familiarise themself with your situation. Your dedicated broker will then determine the pool of lenders willing to lend to you, and source the best deal for your circumstance.
Access Specialist Lenders
With many lenders not offering finance for new self-employed businesses, due to their criteria surrounding minimum timeframes, having a personalised broker to cut through the noise could save you a lot of time.
Tailored Vehicle Loans for Small and New Enterprises
Our expertise in dealing with self-employed clients is long-standing and of high standard. Our car financing specialists understand the lending conditions placed on self-employed individuals and know exactly where to go to ensure their clients are best represented.
- ABN essential, GST not essential.
- Solutions for little or no financials.
- Workable vehicle credit for small and new enterprises.
- Approvals possible based on 6 months of turnover.
- Low Doc and No Doc options available.
Business finance guides and resources
Our guides offer quick comparisons and simple explainers to help you rise above the financing process with confidence.
Specialised Business Finance
Business Car Finance
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Self-Employed Car Loan Eligibility Criteria and Application Process
For vehicle loans for independent contractors, there are a number of conditions that can exist. These conditions include limits on the loan amount and term, as well as additional security. Additionally, the type of car financing for self-employed individuals varies depending on whether the business is new or existing.
New businesses may require low doc or no doc finance considerations due to their short timeframe of operation and lack of financial documentation. Our clients will have the opportunity to access self-employed vehicle loans in this way if they hold a current ABN and be able to present ID. However, lenders offering low doc or no doc financing will have their own additional requirements. Our consultants know exactly which lenders will suit specific customer situations, allowing us to source appropriate quotes quickly.
Longer running self employed businesses may be able to secure normal financing if they have an established credit profile for assessment. But for new set ups without a credit profile, the business owner’s credit profile is assessed. Ensuring you have a good credit score can be critical to obtaining cheap interest rates and/or less conditions on the loan. A credit score about 660 is generally considered ‘good’.
- Apply online or by phone.
- 24 hour approvals.
- Quick quotes, prompt settlement.
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Vehicle Loans for Independent Contractors: Types of Vehicles and Financing Plans
Jade has a range of loan products to cover the variety of vehicles that can be financed for self-employed use. From personal cars to business vehicles and more – sourcing the right sole trader car financing for your circumstances is an important decision. Our specialist loan team has years of experience working with lenders that can provide a wide range of vehicle loans for independent contractors. Having many options available means it is easier to find a loan that best suits your situation which is why our financing plans are wide reaching, including standard loans, chattel mortgage, leasing, rent to own, and commercial hire purchase. To discuss your ideal course of action for securing a self-employed car loan, come directly to us.
Chattel Mortgage
Chattel mortgage is the most popular form of business vehicle finance. Jade Finance offers chattel mortgage as an extremely flexible, workable, and effective car loan option for sole traders. Most banks and finance companies offer chattel mortgages, however at Jade we offer additional benefits including cheap interest rates and the ability to review multiple lenders.
Leasing
Choosing to finance your new or used car via leasing means that you could claim the vehicle as a tax deduction when you use the car to create income for your business. As a sole trader using the car predominantly for business – leasing is a smart way to finance your next car. Enabling you to hand over the leg work, our specialist leasing brokers will research, structure, and tailor your car lease for your circumstances.
Rent to Own
A rent to own car loan is a specialist product. Luckily our expert brokers at Jade Finance are the specialists that can deliver you the best deal. The key concept of a rent to own car loan is the lender purchasing the car and ‘renting’ it to the borrower for a fixed monthly payment over a fixed term. Our brokers at Jade Finance know financials and can source the right lender and terms for your objectives and cash flow needs.
Commercial Hire Purchase
As a sole trader, financing your car via commercial hire purchase, you’ll be required to make an initial deposit payment and then pay off the rest of the loan in instalments. At the end of the loan period, you will have full ownership of the car. By coming directly to us, you will receive personalised, tailored, tax optimised solutions perfect for your situation.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 15/11/2024 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.
We work harder to secure the best rates.
Self Employed Car Loan FAQs
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Commercial vehicle loans allow the vehicle to be accepted as security, subject to lender approval. Some self-employed car loan applicants may be requested to provide additional security or personal guarantee. This is assessed on an individual basis.
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Yes. All commercial entities can select from Chattel Mortgage, Rent to Own, Lease and CHP to fund motor vehicles.
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GST registration is not an essential requirement to be eligible to apply for commercial lending.
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Prior to buying or applying, buyers can use an online credit calculator to work out estimates on vehicle funding.
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Yes. On approval, all applicants can realise the features and benefits of the selected credit facility. That includes opting for a residual with Leasing or a balloon with Chattel Mortgage and CHP.
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Small, self-employed enterprises are often asked to provide personal financials as part of the lending application.