Business Car Loans

Running a small business? Sole trader? Self-employed?

It’s not always easy running your own business. Whether you’re a sole trader, small business owner or self-employed, one of the key aspects of your business is likely to be transport.

Getting to and from jobs, meetings, conferences and events on time can mean the difference between success in a job, or failure. Having quality transport is imperative so if your current vehicle is looking a little rundown or you don’t have the right size vehicle (or none at all), you probably need to consider a small business car loan.

Simply Finance has a range of business car loans and they will look into your cash flow and business structure to find business car finance that’s right for you. You won’t spend hours doing paperwork, so you can focus on the more important aspects of your business.

They offer low doc car loans which are ideal for sole traders who are just starting out, or who don’t have a lot of credit history to back them up; competitive rates and flexible loan terms. We have access to a large number of reputable lenders throughout Melbourne and Australia who are able to provide same day approvals.

One of the major benefits of getting a business car loan is being able to claim deductions on your annual tax, so be sure you talk to your accountant when considering getting a loan to find out what option will benefit you the most.

We offer various car loan options designed to suit all budgets and individual requirements: Low Doc Car Loans; Chattel Mortgage car loans; a Finance Lease option, business loans and novated lease. Each option is tailored to meet the specific needs of you and/ or your business.

Whatever loan option you choose, our car finance options are a guaranteed quality service.

Then you’re busy enough without having to spend time finding the documentation and filling out all those forms the banks want. If you need finance for a business vehicle, Simply Finance will look at your cash flow and business structure, and find the car loan option that best suits you. We can even provide access to low-doc car loans if you are self-employed.

Simply Finance offers simply better finance:

Low doc car loans

You may not even need proof of income with Simply Finance.

Reputable lenders

Because our customers have a wide variety of businesses, we can provide access to a wide variety of reputable Australian lenders.

Competitive rates and flexible loan terms

Because that’s what you want. Our loans will work for you, not the other way around.

Same business day approval

Doesn’t get faster than that! Once we have what we need, we can start giving you what you need.

Tax benefits

Check with your accountant to find out what breaks may be available when you take out business car finance.

Let us help you get the best deal
on your new car!

Don’t risk paying too much for your new business vehicle. The vehicle purchasing division of Simply Finance, Simply Automotive, has the industry contacts, systems and superior purchasing power to offer you better service, a better deal and the best value finance on the vehicle of your choice. et us know and we’ll do the haggling for you enabling fleet prices for private buyers. Simple!

We’ve called it the Simply Automotive ‘Best Price Guaranteed’, and it’s designed to help you buy your new car with complete confidence.

Applying for a Simply Finance loan is easy!

Call one of our car loan specialists today on 1300 115 263

Complete the simple form below to compare car loans from a wide range of lenders to find the best option for you.

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Loan amount*
Post Code*
Car make
Car model

Simply Finance offers three car loan options;

talk to us and we’ll arrange the best one to suit you.

Low Doc

The fast and easy way to get your business on the move.

Less documents required
Flexible and efficient loan
Suitable for private and dealer sales, both used and new

Chattel Mortgage

If you use your car for business purposes for at least 51% of the time, this loan option allows you to own your vehicle from the start.

Fixed interest rate
1-7 year loan length
Possible tax benefits
Residual value or balloon payments available

Finance Lease

Simply Finance will arrange the loan to purchase the vehicle, which you will then lease back for a monthly rental fee. At the end of the loan period, you can choose to either sell the car at auction, or buy out the loan and own the vehicle completely.

FAQ

What is a low doc loan?

Traditional banks or loan institutions generally require you to supply a detailed financial history and years of tax statements when you apply for a loan. This is not always possible for self-employed, sole traders and small business owners, so a low document (low doc) loan can usually be obtained with just a proof of ID and some basic supporting information. Talk to a Simply Finance professional consultant to find out if you qualify.

What is motor vehicle stamp duty?

Motor vehicle stamp duty is a tax collected by state governments. Whenever you purchase or transfer a vehicle to someone else, you need to pay this tax within 14 days of the transaction. The rate of tax you need to pay is determined by which state you are in, and the value of the vehicle (usually assessed as the selling price including GST). If you purchased your car at a dealership, the dealer will collect and pay the tax for you, but if you purchase privately or at an auction, you’ll need to pay the stamp duty yourself. To find out how much stamp duty you’ll be charged, just ask your Simply Finance consultant.

What is a chattel mortgage?

Under a chattel mortgage, your lender agrees to purchase the vehicle, and you agree to make regular repayments. The lender registers a mortgage on the vehicle, with interest rates fixed for the life of the loan. The advantage of this loan for small business is that if the vehicle is used for business purposes, interest charges and depreciation on the vehicle may be tax deductible