Commercial and ABN lending solutions
Business Vehicle Finance Guide
Compare commercial vehicle finance solutions across utes, vans, trucks and business-use vehicles with flexible lending structures.
The basics
What Is Business Vehicle Finance?
Business vehicle finance helps businesses fund vehicles used for commercial purposes, including utes, vans, trucks, trailers and other business-use vehicles.
Finance structures can vary depending on the lender, asset type, business trading history, ABN status, GST registration and documentation available.
If you are self-employed or running a business, it may be worth comparing finance options before committing to a vehicle purchase.
Business vehicle finance may suit:
- Sole traders and companies
- ABN holders
- Tradies and contractors
- Transport operators
- Service-based businesses
- Growing fleets
Eligible vehicles
Vehicles That May Be Financed For Business Use
Utes
Vans
Trucks
Trailers
Service Vehicles
Specialist Vehicles
Business vehicle finance may overlap with broader equipment finance, truck and trailer finance and commercial asset lending depending on the vehicle type and use.
Documentation options
Low Doc And ABN Vehicle Finance
Some business owners may not have full financials available at the time of applying. Depending on the lender and scenario, low doc business vehicle finance may be available.
ABN Lending
Some lenders may consider ABN holders based on trading history, GST registration and business conduct.
Low Doc Options
Low doc options may use alternative supporting information instead of full financial statements.
Business Use
The lender may assess how the vehicle will be used within the business and whether it suits the finance structure.
For more detail on documentation-light lending, see our Low Doc Finance Guide.
Commercial structures
Common Business Vehicle Finance Structures
Business vehicle finance may be structured differently depending on business needs, lender policy and tax or accounting advice.
Structures may include chattel mortgage, finance lease, hire purchase or other commercial lending options depending on the lender and asset.
Explore Commercial FinanceCommon structures may include:
- Chattel mortgage
- Finance lease
- Hire purchase
- Commercial asset finance
- Balloon or residual structures
- Low doc commercial lending
Lender assessment
What Lenders May Consider
Business Trading History
ABN age, GST registration and trading conduct may influence available lender options.
Vehicle Type And Age
Different lenders may apply different policies for older vehicles, trucks, trailers and specialist assets.
Credit Profile
Credit history, repayment conduct and overall application strength may affect lender appetite.
Credit profile can still matter in commercial lending. You can learn more in our Credit Score Guide.
Related finance guides
Business Vehicle Finance Connects To Other Lending Areas
Compare Business Vehicle Finance Options
Explore flexible finance structures for utes, vans, trucks, trailers and other business-use vehicles.
Common questions
Business Vehicle Finance FAQs
Can new ABNs get business vehicle finance?
Some lenders may consider newer ABNs, depending on the business profile, asset type, deposit, GST status and available supporting information.
What is low doc business vehicle finance?
Low doc business vehicle finance may allow eligible business owners to apply using alternative documentation instead of full financial statements.
Can used commercial vehicles be financed?
Yes, some lenders may consider used commercial vehicles, although vehicle age, kilometres, condition and valuation can influence policy.
Can sole traders apply?
Yes. Sole traders may be eligible for business vehicle finance depending on their ABN, income, trading history and lender criteria.
Can business vehicle finance include a balloon payment?
Some commercial finance structures may include a balloon or residual, depending on lender policy, vehicle type and loan structure.