All Jade business vehicle finance deals are structured to suit your business and based on our cheap interest rate policy. All finance include:
When seeking motor vehicle loans for cars and commercial vehicles, the key priorities for businesses are cheap, cost-effective loans to meet targets and a streamlined and straightforward process to secure that low-interest rate deal. We deliver on both those objectives in addition to providing wide-ranging cost and service benefits to our customers.
We provide finance for the full range of vehicles used for business purposes: light commercial, vans, utes, SUVs, trucks and trailers, heavy duty vehicles, wagons, sedans, multi-passenger vehicles and passenger cars.
As specialist commercial car loan lenders, we have developed a model designed to achieve the specific needs as well as resources, tools, expertise and access to better commercial vehicle financing.
Jade Equipment Finance provides the full range of finance facilities for the purchase of business vehicles. We are leading providers in the commercial motor vehicle lending sector and our consultants are specialists in structuring finance to suit individual business requirements. Whether you’re a sole trader, owner-operator, micro business, SME, family enterprise, partnership, proprietary limited company or a large corporation, our services are readily available to assist you in sourcing cheap business car loan interest rates.
Our team of financial professionals appreciate and understand the needs of your business and through our superior and streamlined services, we save you time and hassle while delivering lending for commercial vehicles to save you money over the term of your loan.
The decision as to which particular finance facility best suits your business should be made in consultation with your accountant. Commercial finance products include varying treatments of GST, tax-deductibility, depreciation and balance sheet entry and are structured to suit different accounting methods.
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The most commonly utilised finance product is as it suits many businesses that use a cash accounting method. A balloon is optional to reduce monthly repayments; GST can be claimed on the next BAS; repayments and balloon, are not tax-deductible; interest is tax-deductible.
Widely used as it suits cash accounting systems; balloon optional; GST claimed on the purchase price; repayments and balloon not tax-deductible; interest is tax-deductible.
An off-balance sheet option; lease payments are tax-deductible as an operating expense; optional residual subject to ATO guidelines; GST applies to monthly payments and residual.
Suits businesses wanting to provide a fully-maintained company vehicle for an employee and the employee chooses to have expenses deducted from pre-tax salary.
Monthly payments tax-deductible as operating expense; GST applies to repayments; buyback option.
We work with all sized businesses, all business set-ups and with businesses at different stages of operation. We have an in-depth appreciation of the challenges faced especially by businesses in the starting up phases to secure lending at affordable rates. Many business owners simply don’t have the financial documentation required by many lenders and that can mean their loan application is not approved.
Our consultants meet the needs of these businesses with our No Doc Business Vehicle Loans. We can achieve affordable and cheap interest rate loans for businesses that do not have all the financials usually required for business lending. Our accreditation with non-bank lenders that offer this type of finance facilitates our ability to offer this specialised finance category to our customers.
No Docs Loans can be achieved at our cheap interest rates for Car Chattel Mortgage, Vehicle Leasing and Commercial Hire Purchase. Your consultant will handle the entire process for you from sourcing the cheapest quote through the application process and to the final settlement.
To review the full details including requirements and conditions for our No Docs Business Vehicle Finance, head to our dedicated webpage.
Your Jade consultant will work closely with you to secure you a great offer for new and used business vehicles, purchased from a private seller, dealer or at auction.
Low Doc Finance differs from No Doc Loans based on the number of financial accounts, records, BAS statements, tax returns and other documentation a business has available. The application requirements are similar but the better the quality and quantity of docs a business can provide, the more favourable any special conditions that may be attached to the finance by individual lenders.
We can achieve cost-effective Low Doc Business Vehicle Finance at our cheap interest rates by utilising our vast accreditations, which include industry-only connections with specialist lenders.
Not having all the documents requested by some banks and lenders doesn’t necessarily mean you need to resort to a high-cost loan alternative. Speak with one of our consultants and see how we may assist you in achieving a realistic Low Doc Vehicle Loan quickly and easily. Contact us for an obligation free discussion.
Accruing a bad credit rating can be crippling to the prospects of business owners seeking finance to purchase motor vehicles. But it doesn’t have to be. We are fully understanding of real life situations and how businesses can find themselves in these situations. We’re understanding and we have options to overcome the obstacles.
We have well-established connections with lenders that offer affordable business vehicle finance to bad credit applications and your Jade consultant handles the negotiations to secure the best interest rate, terms and conditions possible.
Pre-approved finance is highly recommended for businesses with bad credit as it allows you to know how much your loan is approved for prior to committing to a vehicle purchase. For a confidential discussion about your requirements and what we may be able to achieve for you, contact us via phone or email.
Knowing what your possible vehicle loan repayments are in advance can assist greatly with budget planning, scheduling asset acquisitions, deciding between different priced makes and models and working out how you would like your finance deal structured. Our Business Car Loan Calculators are your essential tool to calculate loan repayment estimates and decide what percentage balloon/residual and loan term you would prefer.
Our calculators are free to use and you can use them for repayment calculations on as many vehicles as you are considering. Try it now to see how easy these devices are to use.
Car Loans for Businesses are one of the largest and most competitive fields in the Australian financial services industry. Great on some counts but not so great if you’re planning to source your vehicle lending yourself.
Handling your own business motor vehicle finance can be time-consuming, at times infuriating, and if you’re not totally across the lending scene, confusing. We eliminate those issues by providing our comprehensive services to make your business life easier and your vehicle finance cheaper!
We open access to industry-only finance channels where some of the best deals are found, use our strong bargaining power in the motor vehicle finance sector to negotiate better interest rates and terms and provide a streamlined process to better finance.
Click through to discover more reasons how and why we can deliver a better motor vehicle finance deal for your business.
Speak with a Jade Consultant to discuss a financing solution for your business vehicle purchase. Call 1300 000 003.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 21/11/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
Throughout our website, we have endeavoured to cover many details around equipment finance including the purchase of business vehicles. But we fully appreciate that a business vehicle is a major investment and many customers will have queries about the finance products and our lending process. In this section, we canvass a range of additional topics and specific questions that we trust will answer any queries you have. For more information on any areas of business vehicle finance, just give us a call on 1300 000 003.
Business vehicles are classified as vehicles that are used in a business or for the purpose of operating predominately (more than 50%) in a business and are purchased and financed through a business entity. This can include passenger cars used by reps, light commercial vehicles, vans used for delivery or specific purposes such as set up as a technician or repairer mobile workspace, utes, cab chassis, light through to heavy trucks, MPVs, 4WDs, wagons and buses. Finance is also available for other types of vehicles such as materials handling vehicles including forklifts and pallet trucks, bulldozers, and earthmoving vehicles. These categories could be considered as construction equipment categories or as business-related vehicles.
Yes. A pre-approved loan can be extremely useful when approaching a vehicle purchase and is quite common practice for many businesses. Pre-approved vehicle finance is arranged in similar steps to that of a loan arranged after a vehicle is selected and/or a purchase deal is agreed upon. Except, it is usually based on an estimate of what our customer anticipates their vehicle will cost rather than on an invoice for sale issued by the seller. Most people have at least a rough idea of what they will be paying for a vehicle so estimating a loan amount is quite easy. A loan quote is sourced for that amount. On approval of the quote, the application is processed through to the final approval stage. Customers can then proceed with confidence to select a vehicle and commit to a purchase. The loan amount is then finalised on the contract and any adjustments are made when the final invoice is received.
Yes in many cases. This is often referred to as no deposit finance and is the preferred way to go for many businesses. Most businesses are looking to capitalise fully on any tax deductions and other benefits associated with their choice of finance deal and rarely want to use their cash at hand to make a deposit on a vehicle. Finance is sourced which covers the purchase price, and dealer delivery charges which usually incorporate the first year’s registration and CTP. A no deposit finance deal allows borrowers to free up cash flow for other purposes. Commercial finance products include an option for a balloon or residual. This is an amount of the purchase price which is payable at the end of the finance term. Sometimes considered as paying the deposit at the end. By varying this amount you can achieve the repayments that suit your expectations. Use a loan calculator to play around with different variations to see what may work for you.
A comprehensive selection of business finance products is available for vehicle purchases. These include Chattel Mortgage, Leasing, Commercial Hire Purchase and Rent to Own. The differences in these loan types include suitability to either the cash accounting method or accruals method of accounting; balance sheet entry; treatment of GST; and what elements at what timing tax deductions are realised. All offer benefits in different ways depending on individual set-ups, financial objectives and personal preferences. Deciding which is the best loan for your business should be discussed with your accountant or financial advisor. These loans include fixed interest rates, fixed repayments, fixed loan terms and individually negotiated terms and conditions.
Yes. There are a number of self-serve finance resources which allow businesses to plan their purchases and their loan structure. These include a Loan Comparison Calculator and an Equipment Finance Calculator. The Loan Comparison Calculator is an easy to follow chart which shows the cheap interest rates that are currently being achieved across a loan portfolio. By entering the amount you want for your total loan and the loan term you would prefer, you will see a rough estimate of repayments on each different loan type. The Equipment Finance Calculator is another self-serve device which goes a step further than the loan comparison chart. You can enter the loan amount, loan term and any balloon/residual you may like to include. The calculator then formulates a repayment ballpark based on the data you have entered. You can play around with the figures to get an idea of how you would like your loan structured to achieve the repayment level you prefer.
It could be possible to achieve a business vehicle loan with a newly acquired ABN. Select lenders provide specialised services for businesses just starting up and for applicants that do not meet all the requirements as designated by say the major banks. Loans for this category of applicant are referred to as start-up business loans, The minimum requirement is to hold a current ABN and have identification. Being registered for GST is not essential but preferred. From that point, the more documentation you can provide to support your application, the better your prospects in regard to terms and conditions. The criteria for this type of loan are stricter than for fully-documented business vehicle loans but all loan products are available. Individual lenders will apply their own set of conditions after assessing an application. These may include additional property ownership or security, a good credit profile and possibly request the total loan amount be reduced.
All finance agreements on secured business vehicles will stipulate that the borrower take out a comprehensive insurance policy on the vehicle. This is in addition to the compulsory third-party insurance, CTP. Most commercial finance products are based on a secured loan format. That means the lender uses the vehicle as security against the loan such as with Chattel Mortgage or the lender retains ownership of the vehicle on their balance sheet. In order to assure that security the borrower needs to take out an insurance policy. The lender will want to be assured that should the vehicle be stolen, damaged or completely written off in an accident, the insurer will cover your loan.
No. Business loan products, known as commercial finance facilities attract varying interest rates. The variations reflect the differences in the loans from the risk and lender perspective. Chattel Mortgage which is also known as Vehicle Loan, attracts the lowest rate across the range of business loan products. Commercial Hire Purchase is typically the same or similar to Chattel Mortgage as it shares similar features. Leasing attracts a higher rate. This is universal across the finance lending sector. However, the rates offered by individual banks and lenders vary, at times, significantly across all loans. These difference reflect how a lender prices that particular loan segment and their own costs of sourcing funding.
Yes. Sole trader is a recognised business operating structure and is eligible for business vehicle finance. Sole traders are required to acquire an ABN in order to operate as a business and that is the main criteria for business lending. Being registered for GST is not an essential requirement. It can be seen as favourable by some lenders and if a business has a turnover exceeding $75,000 pa, the ATO requires they register for GST. All types of businesses are eligible for business vehicle finance including owner operators, SMEs, large corporations, partnerships and family enterprises.
Docs refers to the financial documents, income tax returns, annual accounts etc which banks and lenders request as part of the business finance application process. Businesses that have very little or none of these docs can seek low doc and no doc finance. The minimal requirements are a current ABN, ID and good credit rating. Being registered for BAS is not essential but viewed on favourably by some lenders. The quantity of docs a business has determines if they seek low or no docs. The more the docs produced to support a finance application, typically, the more favourable the loan conditions. Businesses just starting up can apply for the category of finance. While some banks and lenders have a minimum requirement of 12-24 trading time as eligibility for finance, there are non-bank lenders that do not have this requirement.
