1300 361 360

If you’re primarily using a vehicle for work purposes, business car finance may be the most suitable option for you. 

Choosing the right vehicle finance to suit you and your business can help you save money and grow your business. 

Business car finance

If you’re in need of a business car loan, some of the available options include a chattel mortgage, hire purchase, leasing, or a Low Doc loan. With numerous options for business car finance, it depends on your needs, budget and business as to what may be the best option for you. 

A chattel mortgage gives you ownership of the vehicle at the time of purchase rather than at the end of the car loan. This allows you to claim the vehicle as a taxable offset, claim the GST on the purchase price and the depreciation of the vehicle and interest charges on the loan. 

A hire purchase involves hiring the vehicle with the intent to purchase it at the end of the loan. 

During the term of the loan, the vehicle is owned by the lender so you are not able to claim the vehicle as a taxable offset. A hire purchase allows you to decide whether to include a residual or not. 

Working in a similar way to a hire purchase, leasing may be a better option for some businesses, as this type of vehicle financing has a regulated residual value calculated off the loan term. 

Unlike many other types of loans, a Low Doc requires little to no proof of your financial position. It instead relies on factors such as the vehicle being purchased, the tenure of your business, your circumstances and your financial position. 

A finance specialist can help

Speaking to a specialist can help you find the right business car loan and get a tailored finance solution. 

Our 360 Finance Specialists can help you find the finance you need, whether for a single vehicle or a fleet of work vehicles. We take the time to understand your business needs to ensure you end up with the right business car loan. 

With access to commercial finance options and rates from more than 60 lenders, we can help you get the best rate, saving you both time and money. 

Contact our team for more information on business car finance.

Business car finance options:

Low rates • Tax effective • Flexible terms & residuals • 1-7 year terms

A Chattel Mortgage is the most common loan type for commercial lending. As the borrower, you take ownership of the asset at the time of purchase rather than at the end. This means you can use the asset as a taxable offset (in most cases), claim the GST on the purchase price and claim the depreciation of the asset and interest charges on the loan. It’s very flexible with 1-7 year loan terms and residuals available making it versatile for most business types.

Speak to one of our Commercial Finance Specialist to discuss which finance options would suit you and your business.

Tax effective • Flexible terms & residuals • 1-7 year terms

It’s all in the name with this loan type. A Hire Purchase or Commercial Hire Purchase is ‘hiring’ an asset with the intent to purchase it at the end of the loan term. This means that during the term of the loan, the lender owns the asset rather than you (the borrower), so the tax offsets are different from an accounting perspective as it’s not an asset owned by the business.

Speak to one of our Commercial Finance Specialist to discuss which finance options would suit you and your business.

Tax effective • Lease with the intent to buy • 1-7 year terms

A Lease is very similar to a Hire Purchase as it uses the same ownership principles where the asset is owned by the lender for the term of the loan rather than you (the borrower). The primary difference between ‘Hiring’ & ‘Leasing’ in that hiring allows you to decide if to include a residual or not. A Lease however has a regulated residual value calculated off the term of the loan.

Speak to one of our Commercial Finance Specialist to discuss which finance options would suit you and your business.

Great options for startup businesses • 1-7 year terms

Low Doc (also known as No Doc, Self Dec, Lite Doc) requires little to no proof of the borrower’s financial position but rather relies heavily on the assessment of the tenure of your business, you as the borrower, any guarantor’s financial position as well as the asset being purchased. This is a great option for businesses when they have little or no ‘provable’ servicing (ie capability to demonstrate or prove capacity to repay the loan).

Speak to one of our Commercial Finance Specialist to discuss which finance options would suit you and your business.

We'll find your next business vehicle or a fleet and great finance.

360's 'Find & Finance' service can help you find your ideal work vehicle or an entire fleet for your business, as well as source a tailored finance solution that suits your business and accounting structure. Our Procurement Team work with a National network of over 180 dealerships and can source a range of cars and light commercials for you. They then negotiate the price on your behalf and get the best price on any trade-in's - all at no cost to you!

Learn more about our Find & Finance service via the link below.

READ MORE

Competitive
We have access to some of the lowest industry commercial rates allowing us to be highly competitive and get your best rate finance.
Tailored
Our Commercial Team takes time to understand your business needs then works to find the best tailored and flexible finance solution.
Fast approvals
We work hard to get your loan approved fast. Same day approvals are available - ask us how!
Easy
We do the running around for you in comparing commercial finance options and rates from over 60 lenders.

What Our Clients Say

Neville Manson
Neville Manson
This is the 4th car loan where l have contacted Brock @360 finance. Brock is Awsome great communicator, friendly, professional & very helpful. I would highly recommend Brock if you are in need of a loan. Neville Portland Vic
mark armitage
mark armitage
Swift communication, easy online process and very responses service provided by Killian would highly recommended them for All financial requirements
Elisabeth Fekonia - Permaculture Realfood
Elisabeth Fekonia - Permaculture Realfood
Easy to contact and get great service from Brock
M R
M R
I gave up on Banks when they wanted your life story 360 Finance made it possible to buy my 4x4 plus dream caravan all under budget just be honest William the man found great deals for me he knew what I wanted and back me 150% he's your PA man! Onto it man! True story while I was out bush no signal he just cover all basic like finding the lowest interests insurance unbelievable price his services & patience is on point absolutely brilliant Thank you William
Connor Welsh
Connor Welsh
William was extremely helpful throughout the whole process
F Gagliardo
F Gagliardo
We had a great experience , Liam was very professional freindly and extremely understanding in preparing all our correspondence documentation. We would definitely recommend all our friends and family to Liam .
Greg Wood
Greg Wood
Kevin from 360 Finance was so helpful and went above and beyond to ensure our loan application went through with minimal fuss. There is always a redtape hiccup when loans are being requested but Kevin did all the hard work to make our experience stress free.
David blythe
David blythe
Liam from 360 Finance was helpful and informative through the whole process. The loan process went easy with the short time frame that was required.
Afghan Updates
Afghan Updates
360 finance is the best option to choose for finance a car i really recommend it
Austin Witt
Austin Witt
Can't thank Killian enough! he was so helpful and made the process so easy for me! Thank you Killian!
Google rating score: 4.7 of 5, based on 587 reviews

Calculators

Calculators and rates

At today's lowest car finance rate of 8.39%
(Comparison rate 9.03%) you'll pay approximately...

$ per *

At today's lowest car finance rate of 8.39%
(Comparison rate 9.03%) you can borrow approximately...

$*

Protect against the unexpected

SAVE UP TO 20% OFFInsurances and Warranty

Useful articles

How to save on your car loan

If you’ve applied for a 360 Finance car loan, you may want to find ways you can save on the total costs in the long term, or... Read More.
How much should you save for a car loan deposit?

With numerous costs and fees involved with a car loan, you may be wondering whether you need a deposit, and how much that deposit should be ... Read More.
6 ways to lower your debt

If you’re planning on buying a new car, something you should first consider is your existing debt  When getting a car... Read More.
10 commandments of building an emergency fund

When it comes to financing, you want to feel secure enough that if something unexpected crops up, you have the money to deal with it, without taking... Read More.
How does car loan interest work?

When taking out a car loan, as well as making regular repayments to pay off the loan amount, you also need to pay interest on the... Read More.
Everything you need to know about business car loans

If you’re looking to invest in vehicles for your business, there are numerous options for business car loans These include a chattel mortgage, hire purchase, lease,... Read More.
An easy-to-understand guide to novated leasing

When buying a vehicle, there are several financing options to help you afford the vehicle you need Car loans can be a good... Read More.
5 things to know about car loans before applying

Car loans can be a great option for people who need help buying the car they need It offers a more affordable way of purchasing a vehicle... Read More.
Top 10 caravan gadgets and upgrades

With international trips on hold for a while, there has never been a better time to explore our backyard  Australia is well known for... Read More.
What is a car loan comparison rate?

There can be numerous rates involved with a car loan, and it’s important to know what each of them cover, to ensure you can get the... Read More.
Calculating your car loan repayments

360 Finance Calculating your car loan repayments For those who don’t have the necessary finances to buy a car outright, car... Read More.
How to get the best interest rate for car finance

With any type of financing, you want to ensure you get the best possible deal Finding a car loan with a lower interest rate is no... Read More.
How to get a personal loan if I have a bad credit score

If you’ve missed payments on your credit card, bills, mortgage or any other type of debt, you may have a bad credit score  A... Read More.
Understanding your car loan repayments

Car loans are a great option for those wanting to buy a vehicle but unable to afford one without financial assistance  Applying for a... Read More.
Instant asset write-off

The recently released Federal Budget has provided much-needed relief to Australian businesses with an extension to the Instant Asset Write Off Scheme As revealed... Read More.
Financial ABC’s of Coping with COVID-19

360 Finance is committed to being the finance & insurance specialists you know and trust  We’ve been there for our customers through some of... Read More.
Our Women

What does International Women’s Day mean to you? For some, it means celebrating the achievements of women and the progress that has been made to reduce... Read More.
Your Roadmap to Financial Freedom

Imagine living how you want to without worrying about the financial expense Imagine having enough money to fund the lifestyle you desire Imagine being able to live... Read More.
How to Achieve Your Financial Goals This New Year

The start of the new year is relished by most of us because it’s the perfect opportunity to set some New Year’s Resolutions It’s the time to... Read More.
5 Steps To Take Before Applying For Finance

Taking out a loan for a car can seem like a daunting task You’re probably wondering what steps to take before applying for finance, so that you can purchase ... Read More.

Our lenders & insurers