Enterprises and sole traders often need vehicles for various business purposes. When funds are insufficient to purchase a vehicle outright, a business can apply for business vehicle finance.

A business vehicle loan allows the borrower to:

• Claim GST on the vehicle purchase
• Treat the vehicle as a taxable offset
• Claim depreciation on the vehicle’s purchase value

Business vehicle finance is a fixed-term loan with a fixed interest rate. The purchased vehicle serves as security for the loan, while ownership remains with the business, allowing access to tax benefits.

At Asset Funder, our experienced team helps businesses—large and small—secure business vehicle loans. We connect you with trusted lenders to find the best rates and favourable loan terms to support your business needs