Car, truck and equipment finance
What do we finance?
Motorbike Loans
Car loan
Van/Ute loans
Marine loans
Farming Machinery Loans
Medical Equipment
Truck loans
Industrial Machinery
Choosing the right structure
| Structure | Who owns the asset | Usually suits |
|---|---|---|
| Chattel mortgage | You, from day one; the lender holds it as security | Businesses wanting ownership and possible GST and depreciation benefits |
| Finance lease | The lender, with an option to buy at the end | Businesses wanting to keep the asset off their balance sheet |
| Commercial hire purchase | The lender until the final payment, then you | Businesses that report on a cash basis |
| Consumer car loan | You, with the lender holding it as security | Personal use, no ABN needed |
For a fuller comparison, read our guide: Chattel mortgage vs finance lease vs hire purchase.
Buying a ute, van or truck for your business? See our page on commercial vehicle finance.
The tax treatment differs between structures, so check the GST and depreciation side with your accountant. We'll set out the repayments for each so you can compare.
Balloon payments
A balloon is a lump sum at the end of the loan that lowers your regular repayments. It can help cash flow, but you'll need to pay it, refinance it or trade the asset in at the end. We'll show you repayments with and without one.
New, used, dealer or private sale
We finance new and used vehicles and equipment from dealers, private sellers and auctions. Lenders set limits on the asset's age at the end of the term, and older assets can mean a shorter term or a higher rate. For private sales, the lender checks that nothing is owing on the asset before paying the seller directly.
Low-doc for ABN holders
If you've held an ABN for two years or more, many lenders can approve finance on a low-doc basis using your ABN and GST history, and sometimes bank statements, instead of full tax returns. Newer businesses still have options, often with a deposit or a property owner on the application.
From quote to keys
- Get an indicative quote using the tool above, or call 03 9088 3384.
- We compare lenders and recommend a structure, with repayments in writing.
- Send your documents and the dealer invoice or seller details.
- Once approved, you sign electronically and we pay the dealer or seller directly.
Asset finance FAQs
Can I finance a ute, van or truck for my business?
Yes. Utes, vans, light and heavy trucks, trailers and prime movers are among the most common assets we finance.
Can I claim GST on a vehicle bought under a chattel mortgage?
GST-registered businesses can often claim the GST on the purchase price in their next BAS. Your accountant can confirm how it applies to you.
What can I finance besides vehicles?
Yellow goods and earthmoving gear, farm machinery, medical and dental equipment, IT, fit-outs, boats and motorbikes. If it has a resale value, ask us.
How old can the asset be?
It depends on the lender and the asset. Many cap a vehicle's age at around 15 to 20 years by the end of the loan, and machinery limits vary.
What does it cost to use a broker?
We may charge a broker fee, and we receive commission from the lender. Both are set out in your quote and our Credit Guide before you go ahead.
General information only. It doesn't take into account your objectives, financial situation or needs. Credit criteria, fees and charges apply. My Finance Hub is a Credit Representative (553769) of Purple Circle Financial Services (Australian Credit Licence 486112).
A tailored lending partner who understands your business, not just your loan.
We are independent, fast, and driven by strategic structure. Whether you're purchasing your first commercial vehicle or expanding an entire machinery fleet, we structure funding solutions lenders want to approve.
- Flexible structures: chattel mortgage, commercial hire purchase, finance lease, and operational rentals
- Simplified low-doc & full-doc options for ABN holders and business owners
- Tailored financing for dealer acquisitions, private sales, and debt refinancing
- Direct channel to key credit underwriters and decision-makers
Rapid 24-hour approvals
Most applications are finalized within days rather than weeks.
Transparent & compliant
Acting in your best interest on every single transaction.
Long-term partnership
Here to support your growth through every stage of your business journey.
Industry & asset expertise
We evaluate real equipment utility, build quality, and resale value.