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Automotive & Asset Finance
Vehicle and transport asset finance for business or private use — with the right structure for how the vehicle will actually be used.
Overview
The first question on any vehicle is not the rate. It is whether the vehicle is predominantly for business or personal use.
That single answer changes which regulations apply, which lenders can help, what documentation is required, and which product suits. A ute bought predominantly for a business is commercial lending. The same ute bought predominantly for family use is consumer lending, assessed under different rules with different protections.
We establish that at the outset, because getting it wrong means restarting the application with a different lender entirely.
Scope
A balloon lowers your monthly repayment by deferring part of the debt to the end of the term. That helps cash flow now, and it means you owe a lump sum later — sometimes more than the vehicle is then worth. We will model it with and without, so the choice is made on numbers rather than on the smallest monthly figure.
Structures
The standard for business-use vehicles. You own the vehicle from settlement, the lender registers security, and GST treatment often works in your favour.
For predominantly private use. Regulated consumer lending, with the assessment and protections that come with it.
The financier holds title until the final payment. Less common than it once was, but still the right answer for some structures.
The financier owns the vehicle and leases it to you for a set term. Frequently used for fleets and where balance sheet treatment matters.
Assessment
First question
It decides everything that follows: which regulations apply, which lenders can help, what documentation you will need, and which product actually suits.
Get it wrong and the application restarts with a different lender. We settle it in the first two minutes of the call.
Common questions
Yes. Fewer lenders participate and you should expect an inspection or valuation, plus a PPSR check to confirm there is no existing finance registered against the vehicle. Private sales usually take a little longer than dealer purchases.
Most lenders set a maximum age at the end of the term rather than at purchase. A common rule of thumb is fifteen years at term end, but the panel varies and trucks are often treated more generously than cars.
Yes, and it is very common. The entity needs an ABN and, for most commercial products, GST registration. Where the entity is new, directors' history carries more of the assessment.
Next step
Tell us what you are looking to finance and we will come back to you with the options worth considering.
