80+ lenders, one application
We compare banks and specialist commercial lenders in one go to find the sharpest rate for your business.
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Business car loans. Ready for work.
Put the right vehicle to work. We’ll search our 80+ lender panel for suitable business finance and guide you through the structure, costs and paperwork.
- New and used business vehicles
- Options for ABN holders
- Repayments matched to your business
What have you got planned?
Let’s help you fund it.
If it carries your business, we can usually finance it. We arrange finance for:
Work utes and tradie vehicles
Vans and delivery vehicles
Light trucks and cab chassis
Fleet purchases and rollouts
Passenger and pool cars
Electric and hybrid commercial vehicles
Dealer and private sale purchases
Refinancing existing vehicle finance
Example brands and equipment
These business vehicle examples are not a restricted list. A lender will usually place more weight on the chosen asset's age, condition, specification and intended work than its badge.
- Toyota
- Ford
- Isuzu
- Hino
- Mitsubishi Fuso
- Mercedes-Benz
- Volkswagen
- Iveco
- LDV
What you can buy or refinance
The way this business vehicle is being purchased affects the lender's valuation, available term and security checks.
- cars
- utes
- vans
- light trucks
- service vehicles
- dealer purchases
- private sales
- fleet replacements
Documents that explain the purchase
These records connect the business vehicle, its total cost and intended work with the business's ability to make the repayments.
- vehicle invoice
- ABN and GST details
- bank statements
- BAS
- contracts
- trade-in details
- payout letter
- PPSR result
Have something in mind? Let’s talk finance.
Get my free quoteBusiness vehicle finance.
More options. Less legwork.
Your vehicles should help the business grow while preserving the cash needed for daily operations. X Lend compares one application across 80+ banks and nonbank lenders to fund a ute, van or fleet upgrade at a rate that works for your numbers.
Tax effective structures
Chattel mortgage, hire purchase or lease, structured to suit your GST and depreciation position.
Low doc options
Established ABNs can often finance without full financials, keeping the process fast and light.
Why choose X Lend for business vehicle finance?
Whether it's a single work ute or a fleet rollout, we arrange the right structure, chattel mortgage, hire purchase or finance lease, so you can manage GST and depreciation effectively and keep working capital free. New or used, dealer or private, we sort it.
Our panel lets us match low-document and full-document options to the way your business trades. We explain the structure in plain English, flag what affects your rate and submit only when you are ready to proceed.
Single ute to full fleet
Fund one vehicle or roll out a fleet, with facilities sized to how the business operates.
Protect working capital
Spread the cost across the asset's working life and preserve cash for daily operations.
Fast settlement
Many commercial vehicle deals settle in 48 to 72 hours so the vehicle gets to work sooner.
One structure doesn't fit every business. Chattel mortgage, hire purchase and lease each treat GST and depreciation differently, we match the structure to your position, with low doc options that skip full financials for established ABNs.
Work out your repayments.
Then find your finance.
Try an amount and term for your business vehicle finance. When you’re ready, we’ll compare the options available to you.
Business vehicle finance repayment calculator
Adjust the amount, term and rate to see an indicative repayment.
Estimate only. Calculations include an assumed $990 broker origination fee and $500 lender fee, both financed. Total repayable includes those fees, interest and any final balloon. Weekly and fortnightly figures are equivalents of the monthly estimate. Actual fees and repayment timing depend on your offer.
What rate could I get?
Your quote takes your circumstances and finance requirements into account. Compare your rate, fees and repayments together before choosing an offer.
Find my optionsA real customer.
A plan made possible.
The director's personal taxable income appeared low because earnings were retained in the company and paid through distributions, making a salary-only assessment unrepresentative.
Director vehicle finance · Sydney, NSWA director vehicle assessed on company strength, not salary alone
Approved on the first lender enquiry and settled at a historical rate of 7.59%, with a 30% balloon used to manage the scheduled monthly repayment.
- 3 business days turnaround
- Finance arranged by X Lend
Historical customer outcome. Vehicle and business images are illustrative.
Find out what’s possible for you.
Get my free quoteYour circumstances.
Your finance options.
We match your circumstances to suitable lenders for business vehicle finance. Your broker helps you prepare the application.
What do lenders look at for business vehicle finance?
A lender wants to know what the business vehicle is, what it will do for the business, how long it should remain useful and whether the repayments are affordable. The details below explain the usual checks and what can help support the application.
From enquiry to settlement.
We’re with you all the way.
Your broker handles the lender comparison and paperwork for business vehicle finance, keeping you informed at each step.
- 01
Tell us your plans
Tell us what you want to finance, how much you need and when you need it. That could include work utes and tradie vehicles.
- 02
We do the lender research
We help organise vehicle invoice and ABN and GST details and check the lender criteria that apply to your circumstances to find lenders that fit your situation.
- 03
Choose your finance
We explain chattel mortgage and hire purchase, including the full cost and how repayments fit your budget. You choose the option to take forward.
- 04
We organise settlement
Your broker coordinates lender conditions, signed documents and payment details, so you can focus on what comes next.
Start with your free quote.
Your broker reviews your enquiry and explains the next steps, usually within one business day. An enquiry does not create a credit check or an obligation to proceed.
Find the finance that fits.
Know what you’re choosing.
Compare the ways you can arrange business vehicle finance, with a broker to explain your options.
Chattel mortgage
Your business owns the vehicle and the lender takes security over it. We compare the deposit, term, balloon and repayment together.
Hire purchase
Your business uses the vehicle while making agreed instalments, with ownership transferring under the contract's terms.
Finance lease
The financier owns the vehicle during the lease. Compare rentals, residual and end-of-term options with your accountant.
Balloon or no balloon: compare the whole repayment plan
Swipe across the table to compare all columns.
| Option | During the loan | At the end |
|---|---|---|
| No balloon | Higher regular repayments than the same loan with a balloon; the balance reduces faster | The scheduled loan balance is repaid when all payments have been made. |
| A balloon payment | Lower regular repayments, but interest is charged on a larger outstanding balance | A lump sum remains due. Budget for it rather than assuming resale or refinancing will cover it. |
| A shorter term | Higher regular repayments may reduce total interest on otherwise equal terms | Check affordability alongside the total amount repaid, fees and any payout costs. |
Use the calculator to compare the same amount, rate and term with and without a balloon. Refinancing requires a new assessment and is not guaranteed.
Start with the operational need and the expected ownership period, then compare the complete repayment, fees, balloon exposure and documentation.
Business use should be clear
Explain how the vehicle supports revenue or operations. Mixed private and business use can have tax implications that should be discussed with an accountant.
Private sales need verification
Ownership, seller identity, PPSR, payout and vehicle details should be confirmed before settlement.
A balloon changes the end position
It may reduce scheduled repayments but leaves a larger final obligation and can affect equity when the vehicle is sold or refinanced.
Age affects available term
Lender policy often considers the vehicle's age at the end of the facility, particularly for high-kilometre or specialist vehicles.
Comparison of common business asset finance structures
| Structure | How it generally works | Important consideration |
|---|---|---|
| Chattel mortgage | The business owns the asset while the lender takes security over it. | Tax and GST treatment depends on the business; obtain accounting advice. |
| Finance lease | The lender owns the asset and the business pays to use it for the agreed term. | End-of-term options, residual value and total cost should be checked. |
| Rental or operating lease | The business pays for use and may receive bundled service options while the provider retains ownership. | Flexibility can be useful, and the complete cost and return conditions still matter. |
Why the asset's age and condition matter
Age, kilometres, service history, payload, body type and expected annual use influence term and end-of-term value. In practical terms, this can change the deposit required, how long the loan can run and which lenders will consider the asset.
Tyres, servicing, registration, insurance and replacement timing should be assessed with the finance repayment. These costs need to fit beside the repayments. The loan should also finish within the period the asset is expected to remain useful to the business.
How contracts and supplier payment dates can help
Service contracts, route schedules, head contractor agreements and field-staff growth can explain the operational need for the vehicle. Contracts, purchase orders and confirmed work can help show how the asset is expected to earn money and when customers are expected to pay.
If the business vehicle supplier needs a deposit, progress payments and a final payment, list each date and amount. This lets the lender reconcile the full purchase cost and arrange the payment stages correctly.
What should I have ready before applying?
- Confirm expected business use and ownership period.
- Compare repayments with and without a balloon.
- Check the PPSR before a private purchase.
- Ask an accountant about tax treatment for the intended use.
How we can help.
Illustrative examples of how we approach business vehicle finance.
A newer business purchasing business vehicle
The business has a shorter ABN history and confirmed work that requires the business vehicle.
How your broker helps
We identify lenders that can assess recent account history, industry experience and contracted work, then present the purchase as one complete operating proposal.
What to have ready
Business bank statements, GST registration, signed work agreements, the supplier quote and evidence of the operator's experience.
Used business vehicle with age or usage
The chosen asset has material age, hours or kilometres and remains suitable for the work ahead.
How your broker helps
We document condition, service history, specification and resale support, then compare lenders whose end-of-term age policy fits the proposed term.
What to have ready
Service records, inspection details, serial or VIN information, photographs, the invoice and a clear explanation of expected annual use.
Growth purchase with incomplete financial statements
Current work supports the purchase while the latest full-year accounts are still being prepared.
How your broker helps
We list the documents already available, current debts and expected payment timing, then compare lenders that accept that evidence.
What to have ready
Recent bank statements, BAS, management accounts, an accountant letter, contracts, purchase orders and a schedule of existing finance.
A word from your broker.
For a business vehicle, we confirm the purchasing entity, business use, vehicle details and expected ownership period before comparing structure and balloon options. That keeps the lender choice aligned with the real asset and allows the customer to take accounting questions to their adviser.
Let’s compare your options.
Get my free quoteKeep your business moving.
Keep cash for what’s next.
See how arranging finance compares with waiting or paying the full cost upfront.
With business vehicle finance
Put the vehicle needed for suitable work into service without waiting to fund the full cost from cash.
Preserve working capital for wages, materials and tax while arranging the vehicle.
Replace an unreliable or unsuitable vehicle before downtime and repair costs increase.
The cost of waiting.
Suitable contracts may be missed when the required vehicle is not available.
An older vehicle can keep creating downtime or repair costs while its replacement is delayed.
Buying the vehicle outright can reduce the cash buffer available for payroll, materials and unexpected costs.
Good finance.
Even better support.
Google reviews
Read reviews on Google Review on Google
Corey was excellent to deal with. He was able to get me a better rate than everyone else, he was very responsive, worked quickly and made the process very easy, even with me asking a million questions. I would definitely use him again next time.
Review on Google
I can’t recommend Corey from X Lend highly enough. From the very first conversation, he was professional, transparent, and genuinely focused on finding the best outcome for me. Corey took the time to explain every step of the finance process in a way that was easy to understand, answered all my questions promptly, and never once made me feel rushed or pressured. I really appreciated how proactive he was, keeping me updated, following up with lenders, and making sure everything stayed on track. What really stood out was how hard he worked to secure a great deal. He compared multiple lenders, negotiated on my behalf, and ultimately achieved a rate and repayment structure that exceeded my expectations. The whole process of purchasing my car was smooth and stress‑free thanks to their expertise. If you’re looking for someone knowledgeable, reliable, and genuinely in your corner, I wouldn’t hesitate to recommend them. I’ll definitely be using their services again in the future :)
Review on Google
Corey helped me through the entire process of getting my dream family car! He was extremely prompt with his responses and had everything organised quickly and smoothly. I made a huge mistake by settling finance on the wrong car (a 5‑seater instead of a 7‑seater), but Corey was incredibly understanding and supportive. He contacted the dealership, lender, and even rearranged my insurance for me. He did all of this without ever making me feel like a hassle, even though I knew I was being a pain! Despite the setback, Corey stayed fast and efficient, kept me confident throughout the process, and managed to get everything cancelled and re‑approved for a higher amount so I could get my actual dream car. I highly recommend Corey. He speaks to you like a friend and genuinely has your best interests at heart. I already had quotes from Toyota Finance and Toyota Insurance, and Corey was able to get both significantly cheaper. Toyota Finance even reviewed Corey’s figures and confirmed they couldn’t beat them. I will never look to another finance company again.
Let us help with
business vehicle finance.
Your business vehicle finance questions.
Answered.
The details you want to know before taking the next step.
Are you a lender or a broker?
We're a finance broker: we compare 80+ banks and nonbank lenders and place your vehicle finance with the best fit for your business.
What's the difference between a chattel mortgage and a lease?
With a chattel mortgage, your business owns the vehicle and the lender takes security over it. With a finance lease, the financier owns the vehicle during the lease. We'll compare repayments and end-of-term options, and your accountant can confirm the accounting and tax treatment.
Can I finance a vehicle with a low doc application?
Often, yes. Established ABNs can frequently access low doc options without full financials. We match you to lenders comfortable with your trading history.
Can I finance a private sale or used vehicle for business?
Yes. We arrange finance for used and private sale commercial vehicles, handling the checks so the deal settles cleanly.
How fast can it settle?
Many commercial vehicle deals get a decision the same day and settle within 48 to 72 hours once documents are in.
What brands, models or purposes can business vehicle finance cover?
Common examples include Toyota, Ford, Isuzu, Hino, Mitsubishi Fuso, Mercedes-Benz. This is not a restricted list: the lender will still look at the exact item or purpose, the amount requested and your circumstances.
What documents can support business vehicle finance?
A lender may ask for vehicle invoice, ABN and GST details, bank statements, BAS, contracts, trade-in details. You may not need everything on that list. X Lend confirms what applies before anything is submitted.
How does X Lend work through a complex business vehicle finance application?
For business vehicle finance, we first confirm the transaction, timing and available evidence. We then explain the issues that matter, compare lenders whose rules fit those facts and show the proposed option before any application is submitted.
Keep exploring your options
Ute financeFleet finance or separate vehicle loans?Four Hiluxes for a new company contractSmall business loansPPSR checks and settlementChattel mortgages explainedLow doc equipment financeEquipment finance vs a business loanBusiness loan eligibility checkerEquipment finance calculatorRent vs buying calculatorConstruction and trades financeProfessional services financeAutomotive and mechanical financeVan financeDirectors' vehicle finance
Further readingASIC — credit and lendingAustralian Business RegisterPPSR information for businessesPPSR — buying a motor vehicle
Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026