Small Business Variations
A number of variations are included within the definition of a ‘small business’ in the lending sector. They can have a small number of employees, can be sole traders, self-employed, one-person companies, and partnerships.
Services, Support, Specialists for Workable Small Business Car Loan
For small enterprises, the process of sourcing business car finance can be challenging. Finding the bank or lender that is prepared to lend to a sole trader, ABN holder, or micro enterprise can be time-consuming and frustrating. Securing cost-effective car loans for businesses can be even more difficult with the small size of the operation, lack of extensive assets and smaller turnover, can mean less than ideal rate offers and less than ideal terms.
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.
Expert Business Car Loans for Small Enterprises
Workable car loans for small businesses can be achievable by taking the right approach to the process – using our expert broker services to access the specialist support and skills and suitable lenders to secure workable business car financing.
We specialise in business car loans for commercial enterprises of all types and sizes with financing individually sourced and structured to suit the specific set-up and objectives of the operation. Our access to over 80 lenders ensures we can match the small business profile with the right lender.
Introduction to Business Car Loans
Our services can be accessed directly, with no referral from another party required. Just make the call and let us handle the entire process of sourcing you the best offer for a workable small business car loan.
Request a Quote
ATO-Compliant Products
The business car finance products available, including features and tax benefits, are the same for small and larger enterprises, in line with ATO rulings. The ‘small’ reference is for the enterprise applying for the business car loan.
Essential Business Vehicles
Many businesses require vehicles in their operations. Whether as the critical asset to operate the business such as for couriers, delivery businesses, tradies, producers and growers. Or for general transportation needs to attend meetings with clients and customers and other purposes.
Business Entity with ABN
The use of the vehicle in the business operation must meet ATO rulings. For commercial lending eligibility, the vehicle must be purchased by a business entity with an ABN.
Working With Cash Flow
Where there is a need to purchase a vehicle, having easy access to affordable finance can be crucial. Facilitating the purchase at manageable monthly commitments that work with the business cash flow.
All Vehicle Types
Business car financing for small businesses can be secured on generally all types of vehicles. These may include passenger cars, SUVs, wagons, cab chassis and light commercial vans.
Discuss Manageable Business Car Finance with Our Experts
The price of the vehicle when applying for no deposit finance, can impact the loan in regard to lender guidelines on maximum loans approved. To discuss how your business may access manageable business car finance, speak with us.
- Facilitate transport needs with small business car loan.
- Manageable business car finance for small operators.
- Loans for cars, SUVs, cab chassis, wagons, light commercial vans.
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
↥
![Male customer rubbing his chin thoughtfully choosing a car to buy at the car dealership]()
Types of Business Car Finance for Small Business We Provide
Small enterprises have access to the complete range of business car financing products. These include Leasing, Chattel Mortgage, and Commercial Hire Purchase. These products vary in when and how tax deductions are realised, in suitability to accruals or cash accounting, and whether the lender or borrower has ownership of the vehicle while the loan is being repaid. The interest rates also vary with CHP and Chattel Mortgage offering the lowest, and Leasing slightly higher.
Your Jade broker can explain these variations in greater detail but a conversation with an accountant is recommended, to confirm which product will best suit the individual enterprise structure and objectives. All products can be used for both new and second-hand cars.
When arranging business car loans, we source the lowest rate from across our vast lender base. The rates are fixed for all credit products. Terms are negotiated with our lenders and up to 7 years are available. A balloon is an option with CHP and Chattel Mortgage. A residual, in line with ATO guidelines, is included with Leasing.
Loans are repaid with fixed monthly repayments. Your Jade broker will be working to achieve your preferred repayment level. To establish your preferences for repayments, use our business car loan calculator. Alternatively, simply contact us for a quick quote.
- Chattel Mortgage, CHP, Leasing Car Finance for Small Business.
- Fixed best business car finance rates.
- Fixed terms up to 7 years.
- Balloon and residual options.
↥
![Female dealership manager helping customer to choose a new car]()
Choose Jade Finance for Business Car Loans and Enjoy Multiple Benefits
Small enterprises can benefit significantly from using our expert business car financing broker services to secure their car loan. Our services and specialist support, assist business owners to overcome many of the challenges and obstacles which are often presented to smaller enterprises. Our highly competitive rates assist in achieving a manageable business car loan which in turn supports the operation.
Our brokers handle the entire business car finance process with an individual broker assigned to each small business owner. So one of the first advantages you’ll appreciate is the time you save in securing your loan. We take a very personal approach with initially choosing the lender that fits the profile of the small business from across our 80+ lender base. Your broker negotiates with the lender for the best rates and tailors the business car loan to suit the individual operation.
Repayments and terms can be a key issue for smaller enterprises. Monthly commitments must be in line with income projections without compromising other financial commitments. Terms are negotiated to deliver a manageable payment schedule.
Smaller operators across Australia can quickly and easily access our services directly via phone or using our online resources. There is no need to obtain a referral. So start enjoying the benefits by calling us to discuss your business car loan requirements.
- Competitive rates from 80+ lenders.
- Personal, individual approach to small business car loans.
- Negotiated terms, tailored, manageable repayment schedules.
↥
![Business owner sitting in his company car is happy that he calculated his CHP finance repayments on his new work car with Jade Finance.]()
Check Car Loan for Business Eligibility Criteria and Our Simple Application Process
To be eligible for business car financing, the enterprise must have an ABN, verifiable identification, and the commercial entity must be purchasing the vehicle. Eligibility as a business asset and for tax benefits are subject to ATO rulings. Where a vehicle is used for both personal and business use, Fringe Benefits Tax may apply. An accountant can assist with these aspects.
The business must provide the financial credentials of the operation with turnover figures, tax returns, BAS statements, annual accounts and profit and loss statements. Details of assets and liabilities are also requested. Small business owners may also be asked to provide their personal financial information as a personal guarantee against the loan may be required.
Where a very small or new operation does not have all or any financials, our brokers source offers from our lenders that provide ‘without full financials’ business car financing.
The credit history and score of the business and in some cases the owner, are checked as part of the application assessment process. Better scores attract lower rates and better terms.
To submit an application, provide the necessary information to our brokers and we proceed to check the application against our lender criteria and source the best offer. When an offer is accepted, we quickly process the application and arrange settlement.
Approvals can be received in 24 hours with prompt settlement for swift delivery of your new car. The process is streamlined and straightforward. Get started now by submitting your application.
- Streamlined, simple application process.
- Approvals in 24 hours.
- Prompt settlement.
↥
![Affordable Car Interest Rates for entrepreneurs]()
Compare Our Affordable Business Car Loans With Other Financing Options
Consider our affordable, manageable business car finance with other options which may be available to you. Compared with taking on a personal loan, business car loans offer lower interest rates and attractive tax deductions. Compared with using available funds, financing a new vehicle can make practical sense in conserving those funds for other purposes.
For a quote to find out exactly how well our business car financing can compare with alternatives, contact us today.
| Lender | Loan Product | Interest Rates From | Monthly Repayment |
| {{Lender}} | {{Loan Product}} | {{From - Advertised Rate}}{{Rate Type}} | ${{Payment Amount}} MONTHLY |
|
{{Lender}}
{{Loan Product}}
|
||
| {{From - Advertised Rate}}{{Rate Type}} | ${{Payment Amount}} MONTHLY | |
THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 20/12/2024 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.
Small Business Car Loan FAQs
-
A one-person business enterprise can be eligible for business car financing.
-
Small enterprises can select form Lease, Chattel Mortgage and Commercial Hire Purchase to finance motor vehicles.
-
Small entities with strong turnover, good credit profile and strong financials can be offered competitive interest rates.
-
Yes. Both new and used vehicles are eligible for commercial car financing.
-
Comparing repayment estimates on different car prices can be done by using an online car loan calculator.
-
Yes. When approved for commercial vehicle financing, small entities are entitled to the tax benefits relevant to the selected loan type.
-
No. Commercial car financing is arranged with a fixed interest rate. The rate does not change over the loan term.
-
Yes. Buyers can apply for commercial vehicle financing and receive conditional approval prior to purchasing. Specifics of the final price, loan amount and type of vehicle are finalised and the offer updated, when the vehicle is selected.
-
Commercial car financing can be approved with the vehicle as the sole source of security. Some enterprises with less assets and smaller turnover, may be requested to provide additional security or a personal guarantee.
-
Yes. A balloon is an option for Commercial Hire Purchase and Chattel Mortgage. All features of these products can be realised when a small entity is approved for a loan.