Business Car Finance & Business Car Loans

Businesses including companies, partnerships and sole traders who are looking for a business car loan or business car finance can choose from several types of finance.

The appropriate method of obtaining an asset for your business depends on many factors. Some of these factors are unique to your industry, other factors and unique to your individual business. Such factors include business structure, size, industry, tax and GST considerations.

GetApproved.com.au is a business car finance specialist and has helped many companies, sole traders, small and large businesses arrange car loans in a fast and efficient manner.

Business Car Finance Options

Chattel Mortgage for Business

A chattel mortgage allows different types of businesses ranging from sole traders to large corporations to secure a loan against a motor vehicle. The vehicle needs be used for a minimum of 50% business use to qualify for this type of business car finance. Repayment options can... [click here to read more about a chattel mortgage]

Operating Lease

An operating lease provides flexibility and balance sheet advantages for certain types of business. [click here to read more about a Operating Leasing]

Consumer Loan

A consumer loan is useful for sole traders who may want to finance the car in their own personal name, yet still claim deductions for the car through the business. [click here to read more about a consumer loan]

 

Commercial Hire Purchase Agreement

A commercial car hire purchase is a method of vehicle financing. It is one of several business car finance options. CHP or a car finance hire purchase essentially means that a finance company buys a vehicle for a customer and then in turn grants the client use and custody of the motor vehicle on an contractually stated payment plan. [click here to read more about a Commercial Hire Purchase]

 

Novated Lease

A Novated Lease is an agreement where your employer leases a vehicle on your behalf, while you make the payments towards the vehicle. This type of leasing is more for businesses wanting to provide business car finance choices to their employees.

Visit our full discussion on our Novated Leasing Page.
If you are looking for other business car finance options please contact a team member.