Business Vehicle Finance
Choosing the right finance structure for your business vehicle can save you thousands in tax. Whether you need a chattel mortgage for GST benefits, a finance lease for flexibility, or a novated lease for salary packaging - we'll help you find the right solution.
Compare chattel mortgage, car lease, and novated lease options.
Tax-Effective Vehicle Finance for Your Business
When you're buying a vehicle for business use, the way you finance it matters as much as the vehicle itself. The right finance structure can provide significant tax advantages, better cash flow management, and ownership flexibility.
At Your Lending Friend, we specialise in helping Australian businesses choose the right vehicle finance structure. Whether you're a sole trader, partnership, or company, we'll explain your options and find competitive rates from our panel of 40+ lenders.
GST registered? Self-employed? New ABN? We have options for all business situations.
Business Vehicle Finance Options
Choose the structure that works best for your business
Chattel Mortgage
Own your vehicle from day one and claim the full GST upfront. Ideal for GST-registered businesses wanting immediate ownership and maximum tax benefits.
- Claim GST upfront
- Immediate ownership
- Depreciation deductions
Finance Lease
Keep the vehicle off your balance sheet while enjoying full use. The lender owns the vehicle and you lease it for a fixed term with flexible end options.
- Off-balance sheet
- Fixed monthly payments
- Flexible end options
Novated Lease
Pay for your car with pre-tax salary through your employer. Reduce your taxable income while driving the car you want.
- Pre-tax payments
- Salary packaging
- Running costs included
Food Truck Finance
Finance your food truck or mobile catering vehicle. Include kitchen fit-out and equipment in your loan.
- Vehicle + equipment
- New business options
- ABN holder finance
Compare Business Vehicle Finance Options
Different structures offer different benefits. We'll help you choose the right one for your tax situation and business needs.
| Structure | Ownership | GST Claim | Tax Deductions | Best For |
|---|---|---|---|---|
| Chattel Mortgage | Immediate | Upfront (full) | Interest + Depreciation | GST-registered businesses |
| Finance Lease | At end (optional) | Over term | Lease payments | Off-balance sheet needs |
| Novated Lease | At end (optional) | N/A (employer) | Pre-tax salary | Employees with salary packaging |
| Commercial Hire Purchase | At final payment | Over term | Interest + Depreciation | Simple ownership structure |
Not sure which structure suits your business? Talk to our team and we'll help you decide.
How Business Vehicle Finance Works
Getting the right finance structure is straightforward
Tell Us About Your Business
Are you GST registered? ABN holder? We'll understand your situation to recommend the right finance structure.
Compare Your Options
We'll explain the tax implications of each structure and help you choose the best option for your business.
Get Matched to Lenders
Our specialists search 40+ lenders to find competitive rates for your chosen finance structure.
Drive Away
Once approved, we handle settlement so you can focus on your business. Fast approvals available.
Checking your options won't affect your credit score
Business Vehicle Finance For
Sole Traders
ABN holders & contractors
Partnerships
Business partnerships
Companies
Pty Ltd & corporations
Trusts
Family & discretionary trusts
Tradespeople
Utes, vans & work vehicles
Sales Teams
Fleet vehicles for staff
Delivery Businesses
Couriers & logistics
Professional Services
Client-facing vehicles
General Requirements
Flexible Options Available
We work with lenders who consider:
Business Vehicle Finance FAQs
Common questions about financing vehicles for business use
The best option depends on your tax situation and business structure. If you're GST registered and want immediate ownership with maximum tax benefits, chattel mortgage is often ideal. If you prefer off-balance sheet financing, a finance lease may suit better. For employees with salary packaging, novated leases offer pre-tax benefits. We'll help you compare options.
A chattel mortgage is a business loan where the vehicle is u...
A chattel mortgage is a business loan where the vehicle is used as security (the "chattel"). You own the vehicle from day one and can claim the full GST credit upfront on your next BAS. You can also claim depreciation and interest as tax deductions. It's the most popular business vehicle finance option for GST-registered businesses.
Yes, some lenders will consider applications from new ABN ho...
Yes, some lenders will consider applications from new ABN holders, especially if you have relevant industry experience or can demonstrate income through bank statements. Requirements vary by lender, and we work with specialists who consider newer businesses.
Tax benefits vary by structure. With chattel mortgage, you c...
Tax benefits vary by structure. With chattel mortgage, you can claim GST upfront, plus depreciate the vehicle and deduct interest. With finance lease, lease payments are typically tax-deductible. The instant asset write-off may also apply depending on current thresholds. Always consult your accountant for advice specific to your situation.
Not always, but GST registration is required to claim GST cr...
Not always, but GST registration is required to claim GST credits. If you're not GST registered, you can still access business vehicle finance, but you won't receive the GST benefits. Some finance structures may suit non-GST registered businesses better.
Yes. We work with specialist lenders who focus on your busin...
Yes. We work with specialist lenders who focus on your business's current performance and ability to service the loan, not just your credit history. If your business has consistent cash flow, we can often find options even with past credit issues.
Still have questions? Contact our friendly team