Car Loans and Car Finance With 100% Approval in Melbourne
Sometimes, getting a commercial car can be difficult for a self-employed person or a business owner. You will have to search for something that will suit your current financial situation. Choosing a vehicle finance company need not be daunting when you have Geo Truck Finance by your corner. We have the best car loan brokers who will provide all the necessary information and help you get the best finance options at affordable rates. Whether you want to purchase a brand new car or a pre-owned one, a classic vehicle or an imported one, we will help you make a smart decision.
What is Commercial Vehicle Loan?
You might need a new commercial vehicle to grow your business. The addition of a new vehicle to your fleet will allow you to be more mobile and also help you in delivering the products or services quickly. Commercial vehicle finance helps you purchase a vehicle that will grow your business exponentially.
Advantages of Commercial Vehicle & Car Loan
- Low-interest commercial vehicle loans do not have credit score compulsions. You can get a loan even if you have a poor or zero credit score.
- Commercial van loans have flexible repayment tenure. You can get a loan with a repayment term of up to 5 years. This type of vehicle finance helps you pay off your loan without pressurising your monthly budget.
- You can make use of commercial van finance to purchase a variety of commercial vehicles such as buses, trucks, tippers, tankers, trailers, or any other small or light vehicle.
- Commercial vehicle loan involves simple documentation and quick processing. Your loan application will be processed within 4-5 working days.
Who is eligible for Commercial Car Loans?
A wide array of customer categories are eligible to get commercial car loans. We have mentioned a few categories for your reference.
- Fleet owners with small, medium or large-sized fleets
- Trusts
- Schools
Colleges
Individuals
Societies
Private firms
Transporters
First-time buyers
Public companies
Captive customers
Partnership companies
Proprietorship companies
New Vehicle Finance for ABN Holders in Melbourne
The Australia Business Register (ABR) issues a unique 11-digit number called Australian Business Number(ABN) that identifies your business. Not everyone needs an ABN. You can apply for ABN if you are a person who runs a business or enterprise in Australia.
When you provide an invoice or when a customer orders from you, it will be easier to identify your business with ABN. You will be able to claim goods and service tax credits if you are an ABN holder. You can avoid Pay as you go (PAYG) on the payments that you receive.
Options Available for ABN Car Finance
Low doc loans can be immensely helpful if you are a business owner as you will not have conventional documentation such as payslips. New ABN vehicle finance helps you get loans with a hassle-free documentation process. Here are a few ABN vehicle finance options.
Finance Lease
- Finance lease lets you lease the vehicle of your choice from a trusted lender.
- You will have flexible terms for balloon payments.
- You can claim tax deductions for your lease payments.
- You can make advance payments.
Chattel Mortgage
- You can get the required finance from a lender to buy the vehicle that you want.
- The lender will hold a security interest against the asset during the repayment period.
- You can get low monthly repayments and a flexible term from 2 to 7 years.
Commercial Hire Purchase
- The lender will purchase the vehicle and lease it out to you.
- Until you repay the entire amount, the lender will own the vehicle.
- You can claim tax deductions for your loan repayment.
- This finance option has customisable loan features with a fixed rate of interest.
For more than a decade at Geo Truck Finance, Melbourne we have helped business owners like you to secure competitive car finance. Reach out to us on 0415 469 299 or at info@geotruckfinance.com.au to get in touch with our finance experts or to know more about our services.
FAQs
ABN car loans are low-interest car loans that allow you to buy a brand new or pre-owned car from commercial or private vendors.
You will have to buy a brand new or pre-used car that is predominantly used in business. You can choose from a full range of vehicles such as passenger vehicles, sedans, SUVs, hatchbacks, cab chassis vehicles and many more.
Why Use GEO Truck Finance
As always, partners grows with you!