Business Car Finance
*Today’s best Interest Rates are correct as at 25th March and subject to change at any time.
The rate is calculated on a Secured Loan (EG: Chattel Mortgage) for business purposes.
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.
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If you’d like on the spot conditional approval over the phone, simply provide your details and we’ll call you back within 1 hour.
We help with
The ultimate car loan for business
New & Used Cars
Dealer and Private Sales
On the spot conditional approval
Low rates, flexible repayment terms
No financials required (up to $150k)
Easier. Faster. Cheaper. A Chattel Mortgage is the clear winner for business car loans in Australia. As the finance solution specially created for business it offers the lowest rate and repayments on the market.
A chattel mortgage offers streamlined lending with on the spot conditional approval for eligible businesses over the phone. You’ll save time & money, with a car loan designed to maximise tax savings and depreciation benefits for your GST registered businesses where applicable.
Both business owners and employees are eligible for a Chattel Mortgage as long as the car is used predominantly for business purposes.
So, is a Chattel Mortgage right for your business? It was made for it!
No financials required
(up to $150k)
Our Low-doc Chattel Express allows eligible ABN and GST registered business owners to finance approved motor vehicles and other assets (up to $150k) without providing financials.
On the spot conditional
Chattel Express is streamlined with conditional approval over the phone for eligible businesses. There’s no deposit required for property owners but it may lower the rate.
Low rates with flexible
Chattel mortgages offer the lowest rate on the market with flexible repayment terms. You can also take advantage of potential tax savings and depreciation benefits for your GST registered business.
We deliver the
Chattel Express advantage
Chattel Express is the fast, easy way to streamline car loans for eligible business owners.
We confirm your business eligibility for an express car loan over the phone before doing credit checks based on our lender’s criteria. You’re then able to apply for your car loan with full approval the same day or next. And it’s all done over the phone.
Chattel Express is easier, faster, and cheaper enabling you to finance approved motor vehicles up to $150k without providing financials.
So, why fill in forms online when you can have the advantage of Chattel Express over the phone?
We know how
Chattel Express works for your business
Chattel Express is available to us through multiple lenders, with each having slightly different eligibility criteria.
Some lenders require your business to be GST registered with an ABN for 12 months, while others require a minimum of 24 months. There’s no deposit required for property owners, but it can lower your rate and repayment if you choose to do so.
So, tell us about the car you have in mind and the amount you’d like to borrow. We’ll confirm your business eligibility, monthly repayments, and low-rate lending options over the phone.
Today’s Best Rate25th March
Sole-trader, partnership, trust or company
ABN Holder for 12 or 24 months
GST Registered Business
Home Loan or Property Owner
Age of Vehicle (10yrs or less)
No financials required up to $150k
Pay deposit, if not a property owner
Frequently Asked Questions
Everything you need to know so you can discover the advantage of a Chattel Mortgage for your business car finance. We encourage you to read through these FAQ’s to find answers to commonly raised questions.
A chattel mortgage lets you take immediate ownership of your car while the lender holds a mortgage over the asset until the loan is paid. Simply put, the chattel is the car, and the mortgage is the loan. The advantage is the interest rate is usually lower than unsecured loans and is fixed for the term of the loan. However, just like a home mortgage, the lender can repossess the vehicle (the security) if the loan is not paid in full.
A chattel mortgage can be tailored to suit business cash flow requirements over a range of terms generally from 2 to 5 years, although up to 7 years. Interest rates are fixed for the life of the loan and usually lower than unsecured loans. A chattel mortgage is a business loan that allows eligible businesses to claim GST on the purchase of the vehicle, along with depreciation and interest, subject to seeking advice from your accountant. Flexible repayment options also allow you to structure a chattel mortgage with a balloon payment at the end of the term to keep repayments lower for cash flow purposes.
Chattel Mortgages are an excellent fit for all businesses, professionals, trades & services, and individual employees with workplace vehicle usage requirements. To be eligible the vehicle must be used wholly or mostly for business purposes. Your business must be a tax resident, based, registered, and operating in Australia.
Yes, we have multiple Low Doc chattel mortgage options available through our lenders.
We use the term Chattel Express, while our lenders refer to Low Doc lending as Commercial Express or Fast Track for eligible businesses. The Low Doc criteria differ between lenders but typically allows eligible ABN and GST registered business owners to finance approved motor vehicles and other assets without providing ‘Full Doc’ financials.
You’ll generally meet our lender’s criteria to apply for a Low Doc chattel mortgage if your registered for GST and an ABN for 12 months and have a home loan or property ownership. The age of the vehicle should be no older than 12 years at the end of the term, although some lenders will allow 15 years.
Conditional approval also referred to as ‘approval-in-principle’ is a system-generated outcome for some lenders while others issue commercial lending policies for us to meet. Either way, we’re able to confirm your conditional approval over the phone, before doing any credit checks, so you can apply with confidence for a Low Doc Chattel Mortgage.
However, conditional approval does not guarantee full approval until credit checks have been completed and the lender confirms the simplified Low Doc lending application, we submit on your behalf meets their criteria.
A Chattel Mortgage brings you all the advantages of being in business, with lower rates, lower repayments, and less paperwork. Just tell us about your business, the car you’re going to purchase and the amount you’d like to borrow, over the phone. We’ll confirm your lowest rate and monthly repayment options, and eligibility to apply for a simplified Low Doc Chattel Mortgage, should you decide to proceed.
There’s no online application form or paperwork for you to complete. We’ll simply obtain your personal information, and details about the car over the phone. We’ll also need you to sign our privacy consent and provide a copy of your driver’s license or other proof of identification.
We’ll then express your Low Doc Chattel Mortgage for full approval same day or next. It’s that simple because we do it all with you over the phone.
‘Today’s Best Rate’ on our website is the best-published interest rate for a Chattel Mortgage (before fees & charges) issued by our lenders on any given business day. As a guide, some lenders require your GST and ABN to be registered for minimum of 24 months and to have a home loan or property ownership. Others will accept 12 months GST and ABN registration but require a minimum deposit on the car in addition to being a home loan or property owner. There are also different requirements on the age of the vehicle at the time of purchase and all lenders require satisfactory credit checks to obtain full approval.
Chattel Mortgage finance services
We finance all makes and models from luxury cars, sedans and SUV’s to entire corporate vehicle fleets for new & used, dealer & private sales up to 10 years old.
Because it’s easier, faster, and cheaper, tradies around Australia rely upon a Chattel Mortgage to finance work vehicles for new & used, dealer & private sales up to 10 years old.
Whether you’re an individual driver or operating a commercial fleet, a Chattel Mortgage will keep your business moving with the lowest finance rate and repayments on the market.
Why pay dealer rates when you can have the savings of a Chattel Mortgage to purchase any make and model of light-duty truck including Isuzu, Hino, Fuso, and all major brands.
We offer low-rate Chattel Mortgage finance solutions for owner-drivers or businesses to purchase all major brands of medium-duty trucks without unnecessary delays or paperwork.
A Chattel Mortgage is the truck finance driving owner-drivers and transport companies of all sizes, across all road freight and truck configurations, all over Australia.
Our Chattel Mortgage specialists can help structure the most cost-competitive and tax-effective way of financing mobile cranes, tower cranes and heavy equipment in Australia.
We finance all types of new & used yellow goods across Australia, with Chattel Mortgage low rates, repayments and fast approvals on excavators, dozers, graders and more.
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