Business Car Finance
Finance a vehicle through your business and structure it the right way — for your cash flow, your tax position and the way you actually run things. We compare a panel of 30+ lenders to find the deal and the structure that fit, not just the first rate a bank offers.
Getting the structure wrong is the expensive part
Most business owners don't lose money on the interest rate. They lose it on the structure — financing a vehicle the wrong way for their situation, tying up cash they needed elsewhere, or missing tax and GST treatment they were entitled to. A chattel mortgage, a lease and a hire purchase can all fund the same car, but they land very differently on your balance sheet and your BAS.
Add in a bank that wants two years of financials for a straightforward purchase, and a lot of good businesses end up either overpaying or putting the decision off. That's the gap we work in.
Business car finance, structured around your business
We start with how the vehicle is used and how your business is set up — sole trader, company, trust, GST-registered or not — then match the right product and lender to it. Because we're brokers across a wide lender panel rather than a single bank, we can place deals the majors decline and structure them so the tax and cash-flow benefits actually reach you.
Right product
Chattel mortgage, hire purchase or lease — chosen for your accounting and ownership goals, not the lender's convenience.
Right lender
30+ lenders with different appetites for industry, ABN age and deposit — so newer businesses and asset-rich, income-light ones still get a fair hearing.
Right terms
Balloon or no balloon, the deposit that suits your cash position, and repayments set to protect working capital.
Your business car finance options
Chattel mortgage
You own the vehicle from day one and the lender holds security over it. Popular with GST-registered businesses: you can typically claim the GST on the purchase price up front, and interest and depreciation are generally deductible to the extent of business use.
Commercial hire purchase
The lender buys the vehicle and you hire it, taking ownership at the end of the term. A fit where you want fixed repayments and a clear path to ownership without the up-front GST treatment of a chattel mortgage.
Finance lease
The lender owns the vehicle and leases it to you. Repayments are generally deductible as an operating expense — useful where you prefer to keep the asset off your books and refresh vehicles regularly.
Novated lease
For employees rather than the business itself. We facilitate novated leasing through a partner — a smart option for salary packaging, and we'll point you the right way if that's the better fit.
Which one is right depends on your accounting method, GST position and whether ownership or flexibility matters more. It's worth a conversation before you commit — and worth confirming the tax treatment with your accountant.
Why businesses finance rather than pay cash
- Keep working capital in the business, where it earns its keep
- Potential to claim GST on a chattel mortgage purchase
- Interest and depreciation generally deductible on business use
- Fixed repayments that make cash flow predictable
- Balloon/residual options to lower monthly repayments
- Keep bank overdrafts and lines of credit free for operations
- Finance new or used, from dealers or private sale
- Terms and deposits shaped around your season, not a template
Why business owners choose Alpha390
Structure, not just a rate
We look at how the deal sits against your tax and cash flow first. The rate matters — but the structure is what you live with.
A real lender panel
30+ lenders means options for company, trust and sole-trader ABNs, newer businesses and low-doc scenarios — not one bank's credit policy.
Licensed and accountable
We operate under Australian Credit Licence 506065. You get a broker who owns the outcome, from first call to settlement.
How it works
Tell us about the vehicle and the business
A quick conversation about the car, how it'll be used and how you're set up. No long forms to start.
We compare the panel and structure it
We match product, lender and terms to your position — and tell you the trade-offs plainly.
Approval, your way
Full-doc or low-doc depending on what suits. We handle the lender back-and-forth.
Settle and drive
We coordinate settlement with the dealer or seller so the vehicle is on the road quickly.
What lenders look at
Every lender weighs things differently, which is exactly why the panel matters. In general, expect them to consider:
- ABN and GST registration — and how long you've been trading
- The vehicle itself: type, age and how it's used in the business
- Deposit or trade-in, and any balloon you'd like at the end
- Business and, for smaller ABNs, personal credit history
- Whether it's a full-doc or low-doc application
- Serviceability — the repayment against your cash flow
Newer ABN? Income strong but paperwork light? Those are common, workable situations — low-doc lenders on our panel are built for them.
Business car finance FAQs
Can I finance a car through my business?
Chattel mortgage or lease — which is better?
Can I claim the GST?
My ABN is only a few months old — can I still get finance?
What is a balloon payment and should I use one?
Can I finance a used car for the business?
How much can my business borrow?
Structure your business car finance properly
Tell us about the vehicle and how your business is set up. We'll compare the panel, structure the deal around your cash flow and tax position, and give you a straight answer.
