If you run a delivery service business or rely on in-house transportation for your goods, you will need commercial motor vehicles. To purchase these, you need affordable commercial car finance.
Did you apply for a vehicle loan but the banks turned you down? Many mainstream lenders have plenty of conditions and document requirements that you may not be able to meet. We can help.
Purchase the van, ute, or light truck that you need with the help of commercial vehicle finance. Keep your business rolling with the most suitable financing for you. We want you to focus on your business, so you can leave your financing worries to us. Our lenders offer competitive rates and flexible terms for business owners and sole traders with an ABN.
Give Your Business a Lift With
Commercial Car, Truck & Van Finance
From Loans Unlimited
- You get to ease the financial burden of paying the entire amount of the purchase.
- A loan offers manageable financial repayments each month, allowing you to budget your finances effectively.
- It only takes a few days to get approval after you have sent your application. With banks, you often have to wait a month or more.
- Requirements are easy to acquire. We offer low-doc loans, so you get the cash fast!
- Options are flexible and based on what will suit your situation. We have fixed-rate loans, as well as secured and unsecured financing.
- Once you get approved for the loan, you can immediately pay for the car you wish to buy.
How Can You Get A Commercial Vehicle Loan?
You do not have to go anywhere to apply for a loan. We have made it easy for you to send us your application with these three steps:
- 1. Apply here on the website by supplying us with your information, including your business details.
- 2. Please wait for our response as we evaluate your application.
- 3. Get approved and receive the funds that you can use to buy the vehicle you need.
Are you ready to move your business forward? We accept all companies as long as they possess an Australian Business Number (ABN). For more information, please do not hesitate to contact Loans Unlimited. Our friendly staff will help you get the vehicle financing you need.
Commercial Loans Calculator
How Much Will It Cost?
You need a good plan to arrange your finances appropriately. If you are interested in getting a commercial loan, you can use our calculator to estimate your repayments.
Our online calculator features balloon payments and repayment schedule. Get the ball rolling and apply for a commercial vehicle loan with Loans Unlimited today!
1 year7 years
4% interest P.A15% interest P.A
$24900 balloon payment
Commercial Vehicle Loan FAQs
Commercial car finance, also known as a business car loan, is a type of finance that lets you purchase or lease a vehicle. There are different types of loans designed for business, but many of our customers look for a chattel mortgage.
If you plan to mainly use the vehicle for business purposes, you can qualify for a chattel mortgage. You are allowed to use the transport for other reasons, as long as 50% or more is allotted for business transactions, such as deliveries, driving to a client or meeting, and buying product ingredients.
No, a chattel mortgage is different from a hire purchase, although they do work on the same principle. A chattel mortgage gives you the right to take ownership of the car once you have fully paid the loan.
That is because you receive actual funds to pay the purchase. On the other hand, a car hire purchase agreement means that the bank or lender is still the owner after the loan term is complete. As the name suggests, you are merely renting the vehicle, although you have the option to purchase it at the end of the agreement.
Here at Loans Unlimited, we strive to give you the best service when you especially need it. We understand your need to get the funds to purchase or rent a car for your business. It is why we always aim to give you the fastest approval possible. If you have borrowed through us before, the process can be a lot quicker, particularly if you had a good record.
Meanwhile, for new applicants, we usually approve the loan on the same day up to a few more days. Regardless, we guarantee it is speedier than any banks out there.
The interest rate will depend on several factors. It means that our customers can have varying interest rates. If you have good credit standing and you meet other requirements, you can enjoy a lower interest rate. Our rates start at 4%, but we usually provide 6% on average.
The highest interest per annum is 15%. You can improve your rate offer from us by giving us the information we need. If you have a good credit score with an excellent repayment history, we can assure you that you will have an attractive rate from us.
A balloon payment refers to the residual value payment. It is a lump sum payment attached to your commercial car finance. Typically, you have to pay for it towards the end of the loan period. It is often higher than the rest of your monthly payments, but that is because it offsets those repayments to a certain degree.
You are allowed to pay out the balloon once it is due. Other options are to refinance it or even trade your car. Having a balloon payment lets you lower your initial payments.
At Loans Unlimited, we take care of all our customers. While it is easier to get approved for commercial car finance when you have good credit, having poor credit does not exempt you from this offer.
Youcan get a business car loan from us even if you have declared bankruptcy or have loan defaults in the past. However, be sure that you are aware of the higher interest rates. One benefit here is that taking out a loan can help repair your credit if you repay it responsibly.
Our expert team are here to help you find the right commercial finance for a new truck, ute or van for your business. Our experience means we source the best finance, repayments and rates to make the process as simple as possible. We are here to help your business reach the next level.
Contact our team on 1300 212 200 today.
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Getting your rate here will not affect your credit score