Replace downtime and repair risk
Compare the old vehicle's repairs, missed work and resale value with the proposed deposit, repayment and running costs.
Business vehicle finance
Business vehicle finance that fits the work.
A car, ute, van, truck or fleet vehicle should support the work, not become another unexplained cost. Start with how the business will use it, what it will replace and what the repayments need to fit around.
The business reason
Connect the vehicle to the work.
A vehicle may replace an unreliable unit, allow a team member to work independently, carry more equipment or serve a new route. Put that reason beside the full ownership cost before choosing the finance.
Add a vehicle for a person or route
Define who will use it, what work it enables and whether the work is contracted, recurring or still expected.
Match the vehicle to the task
Payload, fit-out, towing, distance and operating conditions may matter more than the advertised purchase price.
Plan beyond the monthly repayment
Allow for registration, insurance, fuel, servicing, tyres, fit-out and downtime. A low repayment can still carry a longer or more expensive commitment.
Information to prepare
Help the broker understand the vehicle and the business.
- Vehicle quote, make, model and purchase price
- New or used status and seller details
- Business use and expected kilometres
- ABN, trading history and business structure
- Recent bank statements or financial information
- Existing vehicle finance and commitments
- Deposit, trade-in or balloon preference
- Fit-out or accessory costs not included in the quote
Look past the approval
Choose a structure the business can live with.
The case is clearer when
- the vehicle has a defined business role;
- you have included the running and fit-out costs;
- the repayment fits normal cash flow; and
- you understand the term, residual or balloon and exit cost.
Pause when
- the purchase depends on unconfirmed work;
- the business cannot carry the vehicle in a quieter month;
- you are choosing only by the advertised weekly repayment; or
- personal and business use have not been separated.
How it works
One entry point, then an accredited broker.
Submit the vehicle request
Choose car finance in the finance enquiry and enter the initial vehicle and business details.
Review possible structures
The broker explains the information required and the lender options that may suit the vehicle and business profile.
Check the full commitment
Review the rate, fees, term, security, residual or balloon and early-payout conditions before proceeding.
Common questions
Business vehicle finance questions.
Can I finance a used vehicle or private sale?
It may be possible. Vehicle age, condition, seller, valuation and lender policy can change the available options.
Should I choose a balloon or residual?
A balloon may reduce regular repayments but leaves a larger amount at the end. Compare the whole cost and the likely vehicle value, not only the monthly figure.
Can the business claim the vehicle costs?
Tax and GST treatment depend on ownership, use and structure. Ask your tax adviser before relying on a deduction or GST outcome.
Can an existing vehicle loan be refinanced?
It may be considered. The broker will need the payout figure, current terms, vehicle details and reason for refinancing.
Ready to discuss the vehicle and the work it supports?
Start through INFIN8 and review the proposed costs and terms before deciding whether to proceed.