Commercial Car Loan
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Commercial Car Loan

Get the best Commercial Car Loan

Car Loan World specialises in finding the right car loan for our commercial clients. We have helped 100’s of businesses all over Australia find the best commercial car loan for their needs. We have an expertly trained team of understanding finance consultants to help find you a car loan at competitive interest rates no matter what your situation.

About Commercial Car Loans

Commercial car loans – also known as commercial hire purchase – work in much the same way as standard car loans, except they are designed for businesses. If you take out a commercial car loan, you can choose which car you want to buy, and how long you want the loan to last (usually between 12 and 60 months).

Once you have chosen the car you want, the lender will then buy it on your behalf. You will pay the lender back in regular installments over a certain period of time, usually with a certain amount of interest. When the loan has been paid off, you can take ownership of the car.

Commercial car loans are ideal for business owners who may not have the money to pay for the car – or cars – they want upfront. With a commercial car loan in Australia, the repayments are spread over a period of time, making the process of buying a car much more affordable.

The interest rate on commercial car loans is fixed, which makes repayments easy to budget for. Repayments can be arranged so that the car is completely paid off at the end of the loan, or you could choose to add a balloon payment to make repayments more affordable.

Flexible Payment Options

Choose the payment option that works for you!

100% Finance, No Money Down

No deposit required!

Fixed Rates

Makes budgeting easier!

Features and benefits

  • Pay a lower interest rate by using your car as security
  • Fixed interest rate for the life of the loan
  • Choose weekly, fortnightly or monthly repayments
  • Pay a lower interest rate by using your car as security
  • Fixed interest rate for the life of the loan
  • Choose weekly, fortnightly or monthly repayments

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Important Factors
to Keep in Mind

Just as you would with a standard car loan, it’s important to work out how much you can afford to borrow on your commercial car loan. Work out how much you need to borrow and create a budget to work out how much you can afford to pay back each month.

Use a car loan calculator to try out various repayment scenarios and find the one that works best for you. Then compare loan options to find a loan and a lender that suit your needs. If you apply at Car Loan World, we search for loans so you don’t have to – making the process much faster.

If you want smaller monthly repayments, consider adding a balloon payment to the end of the loan. This will make the loan cheaper month-to-month, but make sure you can cover the balloon payment at the end of the loan.

It’s also worth considering the tax benefits of commercial car loans. You may be able to claim tax back on the interest you pay on the loan, on the vehicle’s running costs, and on the depreciation of the vehicle. The GST component of the car loan may also be tax deductible.

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