Whether you’re buying a single company vehicle or expanding your fleet, the right finance solution can help your business preserve cash flow while keeping you on the road. At Avara Finance, we make business car finance straightforward by comparing a wide range of lenders and finance options to help you secure a solution that aligns with your business goals.
From cars and utes to vans and trucks, we’ll guide you through your options, explain the differences between finance structures, and help you choose the one that best suits the way your business operates.
Explore the structures we compare across our comprehensive lender panel, from outright ownership to lower-commitment leasing. Our finance specialists can help you compare these structures against your business’s cash flow and end-of-term plans.
A chattel mortgage is one of the most popular business vehicle finance options for ABN holders who want to own their vehicle from the start. Your business takes ownership immediately, while the lender registers a security interest over the vehicle until the loan is repaid.
A chattel mortgage offers:
A chattel mortgage is often the preferred option for businesses planning to keep the vehicle long term and build ownership.
A finance lease allows your business to use a vehicle without owning it during the lease term. The lender retains ownership while your business makes regular lease payments, with an agreed residual value payable at the end of the lease if you choose to purchase the vehicle.
A finance lease offers:
A finance lease may be suitable if your business regularly upgrades vehicles or prefers flexibility over outright ownership.
A business loan provides a flexible way to finance a vehicle purchase, particularly where the vehicle alone isn’t suitable as security or your business requires an alternative documentation pathway. Low-doc options may also be available for eligible businesses, reducing the need for full financial statements.
A business loan can offer:
A business loan may be the right choice if you have limited financial documentation, a newer ABN or require a more flexible lending solution than traditional vehicle finance.
Use our online tools to see indicative loan amounts, terms and estimated repayments for your business vehicle.
Provide your ABN, business details and vehicle information online or with one of our finance specialists.
We compare your application across our panel to find a suitable structure and lender for your circumstances.
Once approved, we arrange settlement directly with the dealer or seller so you can get to work.
Whichever structure applies to your business, the vehicle generally needs to be used primarily for business purposes to qualify for a business vehicle finance product rather than a standard consumer car loan.
A newer, dealer-supplied vehicle with clear business use and complete documentation is generally more straightforward to finance than an older, private-sale or heavily modified vehicle.
If your business is registered for GST, how GST applies can depend on the finance structure you choose, and the ATO’s car limit and depreciation rules can affect how much you’re able to claim. These thresholds are reviewed regularly, so confirm the current figures directly with the ATO or your accountant before committing to a structure. This is general information only and isn’t tax advice.
Hold the vehicle price, deposit, term and balloon constant, then compare the total amount payable, all fees, and the end-of-term balance. A lower repayment can simply reflect a longer term or bigger balloon, not necessarily a cheaper loan overall.
Applying for business vehicle finance doesn’t have to be complicated. Whether you’re purchasing your first work vehicle, adding to your fleet or refinancing an existing loan, our team will guide you through every step of the process. We’ll explain what’s required, compare suitable lenders and help make your application as smooth and efficient as possible.
The documents required will depend on your business structure and the finance option you choose, but in most cases, you’ll need:
Our finance specialists will let you know exactly what’s required and help you gather the right documentation before your application is submitted.
Getting pre-approved before you start gives your business greater confidence and purchasing power. You’ll know your approved budget upfront, making it easier to narrow your options and move quickly when you find the right vehicle.
With pre-approval, you can benefit from:
Pre-approval can help streamline the buying process, allowing you to focus on finding the right vehicle while we take care of the finance.
We’re here to make business vehicle finance straightforward. We take the time to understand your business and recommend finance solutions that align with your goals.
When you choose Avara Finance, you can expect:
We understand that business circumstances can change. If your business experiences financial hardship, we’ll work with you and your lender to explore available support options wherever possible.
Depending on your lender and circumstances, assistance may include:
Managing your finance should be just as easy after settlement. Most of our lending partners provide secure online customer portals, allowing you to conveniently manage your loan at any time.
If your lender doesn’t offer an online portal, their customer service team will be available to assist you with any account enquiries.
Business vehicle finance is funding that allows businesses and ABN holders to purchase or lease vehicles used for work purposes. Rather than being a single loan product, it includes several finance options such as chattel mortgages, finance leases and business loans. The right solution depends on your business structure, cash flow, ownership goals and tax considerations.
