Business Car Financefor Australian ABN Holders

Three structures, each with different tax treatment. Chattel mortgage: you own the vehicle, claim depreciation and GST upfront, lender holds security over the asset. Best for sole traders and small companies that want the vehicle on the balance sheet. Novated lease: a three-way agreement between employee, employer and lender where the vehicle is salary-packaged. Best for employees of established businesses who want to package a vehicle pre-tax. Finance lease: lender owns the vehicle, you make rental payments and claim GST on each payment. Best for companies that prefer the vehicle off the balance sheet. We arrange all three across the specialist panel.

Yes. EVs and plug-in hybrids under the luxury car tax (LCT) threshold for fuel-efficient vehicles are eligible for the Electric Car Discount FBT exemption (federal Australian Government, effective from 1 July 2022). We finance Tesla, Hyundai IONIQ 5 / 6, Kia EV6 / EV9, BYD Atto / Seal, Polestar, Mitsubishi Outlander PHEV and Mazda CX-60 PHEV across the specialist panel. The FBT exemption can make a salary-packaged EV materially cheaper than the equivalent ICE vehicle for many drivers; speak to your accountant for the specific calculation on your situation.

Low-doc business car finance is asset finance pre-approved on a reduced document set, typically BAS, bank statements and the dealer invoice or quote, rather than full financials and tax returns. Best suited to established ABN holders with an active business, trading history and verifiable income who don't have current-year financials prepared. Common for sole-trader tradies, sales reps on commission and self-employed mobile professionals.

Yes. Sole-trader mortgage brokers, accountants, real estate agents on commission, sales reps and mobile services contractors can fund a Tesla Model Y / 3, BYD Atto 3 / Seal / Sealion 6 PHEV, Hyundai IONIQ 5, Kia EV6, Mitsubishi Outlander PHEV or BYD Shark 6 PHEV ute through the business ABN and access the Electric Car Discount FBT exemption (federal Australian Government, effective from 1 July 2022) when the vehicle sits under the LCT threshold for fuel-efficient vehicles. Speak to your accountant for the specific calculation on your situation.

Pre-approval typically comes back inside a business day when your application is complete. Settlement happens once you have signed contracts, the dealer has confirmed delivery and any final lender conditions are met. Specialist asset lenders move faster than major banks on business-car deals because they assess the vehicle and business income directly rather than waiting on consumer-loan underwriting cycles.

Yes. Used (including ex-lease / ex-fleet, end-of-cycle dealer demonstrators and high-spec second-hand), private sale and dealer-auction purchases are all financeable through the specialist asset lenders we work with. Major banks typically have age cut-offs that knock out older vehicles; specialist lenders look at the asset condition, kilometres and service history rather than calendar age alone.

Yes. Refinance is common when an existing deal was settled at high rates, has an unfavourable structure (large balloon, restrictive covenants), or is consolidating multiple vehicles into one master facility. We compare your current setup against the specialist panel and present options.

A wide panel of Australian lenders spanning major banks, specialist asset financiers and non-bank lenders that specifically understand small-business income, BAS, fleet trading patterns and the residual value of business cars across utes, 4WDs, SUVs, sedans, vans and EVs.

Yes. Fleet deals (two to twenty vehicles for a business, staged purchases across a 12-month replacement pipeline, or annual rotation cycles for hire / rideshare fleets) are common. The lender panel includes options that split fleet deals across facilities or fund them under one master agreement. For larger fleets we can also bundle insurance and fuel-card programs.

Yes. Multi-ute tradie crew fleets (typically 2 to 5 Rangers, HiLuxes, BT-50s or Tritons) are the most common business-vehicle deal we arrange. Specialist lenders fund the whole crew on one master facility against the BAS and head-contractor framework rather than per-vehicle bank applications that slow the crew rotation. Mix-and-match between brands and trims is fine, and you can stage the deliveries across a 12-month pipeline.

An Australian Credit Licence (ACL) is the ASIC authorisation required to engage in regulated credit activities in Australia. Equifund operates under ACL 389328. This means we are bound by responsible lending obligations and the National Consumer Credit Protection Act when arranging finance.