Business Car Finance Wollongong

We finance every category of business car: dual-cab and single-cab utes (Toyota Hilux, Ford Ranger, Mazda BT-50, Mitsubishi Triton, Isuzu D-Max, VW Amarok), 4WDs (Toyota Prado, LandCruiser 79 / 200 / 300, Ford Everest, Pajero Sport, Patrol), mid-size SUVs (Toyota RAV4, Mazda CX-5, Hyundai Tucson, Kia Sportage, Mitsubishi Outlander), large SUVs (Toyota Kluger, Hyundai Santa Fe, Kia Sorento, Mazda CX-9 / CX-90), sedans (Toyota Camry, Mazda 3 / 6, Hyundai i30, Kia Cerato), vans (Toyota HiAce, Ford Transit, Hyundai Staria-Load), 8-seat people-movers (Kia Carnival, Hyundai Staria), EVs (Tesla, IONIQ 5 / 6, EV6 / EV9, BYD Atto / Seal, Polestar) and PHEV / hybrid (RAV4 Hybrid, Outlander PHEV, CX-60 PHEV). New, used, demonstrator, dealer, private sale or fleet-auction purchases all financeable.

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.

Business car finance, strictly. Equifund arranges asset finance for ABN holders against their business: chattel mortgage, finance lease, novated lease and operating lease. This is not a consumer car loan. The lender assesses your business income, BAS, trading history and the vehicle as the security asset, not your personal pay slip. You claim depreciation and GST on the vehicle, and the structure suits sole traders, partnerships, company directors and small-business fleet operators.

No. Equifund's specialist lender panel includes options that assess on the asset, your business income and trading history rather than requiring property as security. This matters for owner-operator tradies, sole-trader mobile professionals, real estate agents on commission and small-business fleet operators who don't want to lock the property folio for a sub-$100k vehicle.

$0 deposit is available for prime applications, especially established ABN holders with active trading history and verifiable business income. New ABNs typically need some contribution, but $0 deposit on the right deal is common for ongoing operators. We can also structure trade-in equity from your existing business car as deposit on the next one.

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.

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 panel of 80+ 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.

Standard business-car finance via chattel mortgage. Your ABN, BAS and trading history are the application basis (not your PAYG pay slip). The ute is the asset and the security. You claim depreciation and GST upfront on the vehicle, and the instant asset write-off (where applicable based on the financial year and your aggregated turnover) can apply to the eligible portion. The Ford Ranger XLT / Sport / Wildtrak, Toyota HiLux SR5 / Rogue, Mazda BT-50 GT and Mitsubishi Triton GLS are the four most-financed work utes through Equifund.

Low-doc business car finance is asset finance 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.

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.

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.

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.