Vehicle Finance is used to purchase new or used vehicles for you or for your business. Vehicle finance takes the form of loans, leases, hire purchase and rental agreements.
Vehicle finance covers a large range of vehicle types including car loans, SUV loans, ute loans, business vehicle finance, caravan loans, motorbike loans, marine vehicle finance and heavy vehicle finance.
If you own a vehicle outright, you can also use this vehicle as security to raise capital for your business via sale and leaseback.
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Filling out an application is free and there is no obligation.
The process was simple and easy with the consultant being there every step of the way and funding within the same business day. As our first time reaching out for a business loan it was daunting but the team made it feel simple through their advice and transparency… Thank you!
As a business that is growing fast we needed to quickly buy more stock. Banks couldn’t do this quick enough hence why we turned to FundingPro. The communication was great and funding was very fast.
FundingPro tailored a finance solution to our needs, assisted with the application process and we were successful in obtaining funds in a very short time at very competitive rates. FundingPro – a definite go to place for finance.
Borrow without risking property / assets
Loan terms of 3-12 months
Security needed for longer borrowing
No personal guarantees required
Based on your answers,
Your estimated weekly repayments are: $1,498 / week
Prefer to talk to a business loans expert?
Call us on 1300 898 765
Getting finance for a vehicle for you or your business can be a short, streamlined way to finance up to 100% of the value of the vehicles you need for your business.
Vehicle finance comes in many options including leases, hire purchase and loans.
A standard vehicle loan allows you to borrow up to 100% of the cost of a vehicle with fixed repayments. The vehicle is generally the only security required for the loan.
A finance lease is a form of a rental agreement because the lessor owns the asset. At the end of the lease, you have the option of purchasing the asset (for a residual amount that was agreed upfront), trading in for a new vehicle or simply terminating the lease.
There is the risk that at the end of the lease the asset will be worth less than the residual value. One advantage of a finance lease is that the finance company pays the GST component, which makes your payments lower.
With a hire purchase, the finance company owns the vehicle during the life of the agreement. When you make the final payment – including a balloon payment if relevant, i.e. the lump sum owed at the end of the loan term after you’ve made all the regular monthly repayments – you take ownership of the vehicle.
Use one of our business loan calculators to find out what your repayments on a loan would be.
The same documents as individuals, as well as:
For large loans, further financial statements may be required.
Most businesses will qualify for vehicle finance, including startups and people with bad credit.
You can use the online prequalification tool to find out what types of business loans you are eligible for.
