Business vehicle finance: frequently asked questions

Business vehicles for Australian ABN holders: cars and SUVs, utes, vans, 4WDs, light trucks, heavy trucks and prime movers, trailers, buses and minibuses, EVs and hybrids, prestige vehicles used for business, food trucks and whole fleets.

No. CarsOne is for business purposes only. If the vehicle is mainly for personal use, business finance isn't the right fit.

No. There's no credit check when you first enquire. A credit check only happens if you decide to go ahead with an application, and we tell you before it does.

No. One specialist works on your enquiry and matches you to the structure and lender that suit. We don't shop your details around.

No. Every business vehicle deal is priced on its circumstances — the vehicle, the business, the structure and the lender. A headline rate would mislead you, so we explain your real options on a call.

With a chattel mortgage your business owns the vehicle from day one and the lender holds security. With a lease the financier owns it and you pay to use it, with a residual at the end. GST timing differs too: on the purchase for a chattel mortgage, on each payment for a lease.

Yes, usually through a chattel mortgage. The lender will want the seller's details, a clear PPSR search or a payout letter, and pays the seller directly at settlement. There's usually no GST to claim on a private sale.

Yes. Get approval in principle before auction day, because settlement windows are short. The lender pays the auction house directly once it has the invoice.

New ABNs are considered case by case. Industry experience, a contract or regular work, a deposit and property ownership all help.

Both are considered case by case. Tell us upfront on the form — it helps us find a lender who'll genuinely consider your situation.

If you're registered for GST and buy from a registered seller for business use, you can generally claim a credit for the business-use share. For passenger cars it's capped at one-eleventh of the car limit — $6,353 for 2026–27.

The ATO's car limit for 2026–27 is $69,883. It caps depreciation and the GST credit on passenger cars. Many utes and vans designed mainly to carry goods sit outside it.

Only if your business is eligible and the ute costs less than the $20,000 threshold per asset. Most new utes cost more, so they're depreciated instead. Ask your accountant.

A balloon lowers regular repayments but leaves a lump sum at the end and raises the total cost. It suits vehicles that hold value when you have a clear plan to pay, refinance or trade out of it.

Usually, if they're supplied and invoiced with the vehicle, or by a fit-out company before settlement with the lender's agreement. Items added months later usually need separate funding.

Yes, through sale and leaseback or refinancing. If you own property, a property-secured business loan from $20,000 to $5,000,000 is another option.

We work for approval as fast as possible. Having your ID, ABN details, vehicle details and recent bank statements or BAS ready makes the biggest difference.

CarsOne is operated by LoansOne Pty Ltd (ABN 86 158 199 707), 189 Toorak Road, South Yarra VIC 3141.