FAQs

All types of RVs may be eligible for commercial credit with lease. This includes campervans, traditional, hybrid and offroad caravans and camper trailers. New and used vehicles may be eligible for lease.

Business entities with an ABN acquiring RVs as business assets may be eligible for all types of commercial finance.

When all monthly payments and the residual are finalised, the lender signs ownership of vehicles over to the borrowing business.

While the lender retains ownership of the RV during the financing term, borrowers must meet all costs associated with operating and maintaining the vehicle. These costs include registration, insurance, maintenance, servicing and repairs.

Commercial credit is typically secured with fixed interest rates. The rates remain unchanged over the entire fixed terms.

A residual is due to be finalised after the final monthly payment. It may be paid from cash reserves or refinanced.

Yes. Monthly payments with this type of commercial credit are treated as a business expense by the ATO and are fully deductible.

Estimates for RV finance can be obtained using an online calculator as provided by lenders, finance providers and brokers.

To apply for commercial credit operators will need an ABN and ID and to provide financials on the operation. These include the annual accounts and recent tax return, bank statements, profit and loss statements and schedules for assets and liabilities. Where a business is setting up and does not have financials for a 12 month period, they may source no financials loans through brokers.

Yes. RVs under finance may be rented out or hired to customers.