Commercial Car Loans

Better rates for business 

commercial car or auto loan is a type of loan that is used by companies to purchase vehicles that are needed for their operations. This can include tasks such as bringing products to customers, accomplishing jobs and transporting staff among others.

We have a range of loan options available including “low doc” loans. What this means that if your company has had an ABN number for over one year and you, or your business is registered for GST. You may not need to provide any figures to be approved for a loan. This usually applies for car loans for business use. 

This type of loan is available for both new and used vehicles including the refinancing of existing loans.

Purchasing can be an ideal option if the company needs to have a vehicle for the long terms and wants to write off or claim depreciation on tax returns. 

Depending on your credit score and the age of the vehicle you may not need any deposit or down-payment for the vehicle.

Most lenders will finance 100% of the purchase price for a brand new vehicle, but this may not be the case for used vehicles. Many lenders won’t even finance vehicles that are more than five years old since their value depreciates too fast.

The interest rates, loan term and fees will depend on each lender including the different factors that determine how much of a risk an investment is going to be.

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Experienced Brokers

Our Brokers are experienced in commercial loans. They personalise their loan offering to your and your business’ individual needs. Our brokers at Loans123 can also help you with other loans for cars, trucks, and other equipment you might need. With our comprehensive financing options, our brokers are experienced to make the right loan for you.

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Loan Calculator

Loans 123’s Loan Calculator can help you quickly determine an estimate of your commercial loan payment. This is a guide only as interest rates vary between lenders and the security given.

 

Typical Rates and Terms for Commercial Auto Loans

People can expect a loan amount of $5,000 to $250,000 from a commercial auto loan with a loan-to-value-ratio reaching 100% of the vehicle’s value. 

Loan terms range from 24 to 84 months (2 to 7 years) depending on age of asset and other conditions a lender may impose.

Free Services

Ask your broker about all the free services we offer such as a free car finder.

Loan Calculator

Our Loan Calculator can provide estimations on your repayments.

Specialist Team

We have a dedicated team of specialists for your assistance.

We’ve built a secure and personalized experience

Simple Commercial Loans Online 

A commercial car or auto loan is a type of loan that is used by companies to purchase vehicles that are needed for their operations. This can include tasks such as bringing products to customers, accomplishing jobs and transporting staff among others.

This type of loan is available for both new and used vehicles including the refinancing of existing loans. Since vehicles are considered as a depreciating asset and often cost too much, a lot of businesses prefer leasing instead. Purchasing can be an ideal option too if the company needs to have a vehicle for the long term and wishes to write off its depreciation on tax returns.

Typical Rates & Terms for Commercial Auto Loans. 

 

People can expect a loan amount of $5,000 to $250,000 from a commercial auto loan with a loan-to-value- ratio reaching 100% of the vehicle’s value.

You may have to pay an application or opening fee or some sort of down payment.

The interest rates, loan term and fees will depend on each lender including the different factors that determine how much of a risk an investment is going to be.

Loan 123 Provides

Loans 123 offers fast, flexible Commercial Loans that meet your every need. Loans 123 is proud to offer small-to-medium-sized business owners flexible, varied options for business loans that fit their needs and pockets:

• Choose from loan amounts from $5,000
• Flexible repayment options
• Terms of up to seven years
• Fast approval times, without delay
• Loan options for company cars, trucks, fleets, and other commercial vehicles
• General equipment loans

Frequently Asked Questions

Do you give commercial car loans to startups?

You be better to call 1800 100 100 our office and speak to a broker about your businesses circumstances and any other expenses before applying online.

Can I get pre-approval on a loan application?

Yes, if you receive pre-approval on your loan it is valid for 30 days.

Do I need to have a deposit ready when I'm applying?

Often no. A deposit may be required depending on previous credit history or the value of the goods being financed.

How much can a business get commercial car financing for?

The amount and term will vary depending on the applicant. Usually up to $250,000.00.

Commercial Car Loans with Loans 123

We have a large range of car loans available. We try and match the loan that suits your situation. How much you want to borrow, or what type of vehicle you want. Start crafting your loan online today, no appointments needed.

 

We have competitive interest rates for your used or new car loan.

 

All applications are subject to credit approval criteria. Fees, charges, terms and conditions apply.