Business Car Finance - Commercial Vehicle Finance

Better cheaper rates the first time. No strings attached! We will not be beaten on car loans, guaranteed! If you can find a cheaper package, we will not only match it but give you $200*So we offer a cash guarantee. If you can source a cheaper finance package than our offer, we’ll not only match that offer but we’ll also give you $200**

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Why Use Jade Car Loans?

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Driving cheap interest rates into every car loan

Cheap interest rates are at the very core of our business structure. It’s what defines us, differentiates us and gives you the competitive advantage. We optimise the freedom and the flexibility of our broker status to negotiate hard on interest rates with our strong bargaining power to deliver the cheapest rates for every car loan customer
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Jade Car Loans is your key to a cheaper car loan

Whether you’re a private car buyer or purchasing a business vehicle, using Jade Car Loans as your finance broker is a smart and sensible decision. We’re not constrained by a limited set of loan options like many banks and lenders. Our accreditation with a vast number of banks and lenders broadens our sources to hundreds of loan products. With more choices comes more opportunities to source you the cheapest car loan.
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Reliability, longevity, track record - the broker you can trust

When it comes to your finances, every detail matters. Especially the broker handling your car loan. Well-established and reputable, Jade Car Loans has an impressive track record of performance over our 20 years in the lending sector. A reputation that is your assurance that you’re dealing with a company that is reliable and continues to deliver cheap car loans, year after year, customer after repeat customer. We’re an Australian-owned committed to providing workable, affordable and effective financial solutions so other Australian businesses and individuals can turn their goals into achievements.
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Better Loans, Better Interest Rates

As Aussie finance brokers, we have access to a wide range of lenders, including exclusive industry-only sources that expand our options for sourcing the best business car finance solution at the best interest rate for your vehicle.

Your personal Jade consultant, acting like your personal business manager, will structure a cost-effective, workable finance deal that suits your business from our portfolio of Car Chattel Mortgage, Commercial Hire Purchase (CHP), Car Leasing, Business Car Loan and Novated Car Lease or Salary Sacrifice. A deal designed specifically to work with your business tax requirements and cash flow and drive your business growth.

We’ve built an enviable reputation, grown an impressive customer base and developed a track record based on performance. Our objective is not only to provide you with one highly effective car loan but to partner with your business as an integral member of your advisor team to provide commercial finance solutions across other areas of your operations.

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Simplifying the Complex

To successfully navigate through the complex nature of business car finance products, you’ll need more than an app or a GPS. The options feature differing treatments of GST, tax deductibility, and balance sheet approach and the right choice depends on your business accounting method and company structure. Fortunately, your Jade Business Car Finance consultant is fully conversant with all aspects of each finance product and will explain and simplify the details for you. In consultation with you and your accountant, your consultant will structure a package designed to deliver tax effectiveness, ease pressure on cash flow and operating expenditure and facilitate moving forward with your business plans.

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Commercial finance for business vehicles, options include:

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Chattel Mortgage

The most popular business car finance product as it suits many businesses using a cash accounting method. The lender takes a mortgage over the vehicle while the borrower has full use of the vehicle and is responsible for all expenses. The loan is set up with our cheap interest rates which are fixed for the term of the loan; fixed monthly repayments; and fixed loan term. A balloon may be included in the package. Your consultant will provide specifics in regard to what elements of the loan are tax deductible and on which GST apply. Your consultant will tailor the repayments and loan terms to suit your business operation.

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Car Lease

This is an off-balance sheet finance facility as the vehicle appears on the lender’s not the borrower’s balance sheet and lease payments are a tax deductible operating expense. Jade structures car leases to include our low interest rates; fixed monthly lease payments negotiated to suit your cash flow; fixed lease terms to suit your business planning model. The residual is determined by ATO guidelines.

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Novated Car Lease

A ‘salary sacrificing’ finance facility for businesses providing a fully maintained vehicle for an employee to use in their role with all costs including the lease payments, paid by the employer and deducted from the employee’s pre-tax income. This lease is an agreement between the lender, employer and employee with benefits for all parties. Contact your Jade consultant to discuss the details.

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Commercial Hire Purchase (CHP)

Suits many businesses that use cash or accrual accounting methods and involves the lender retaining ownership of the vehicle and the borrowing business paying a monthly repayment ‘hire’ fee. Our CHP deals all include the Jade best interest rates, fixed monthly payments to suit your budget, fixed loan term and the option of a balloon. Your Jade consultant can provide further details.

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Business Car Loans

Complete Range of Options Available:

  • New and Used Cars
  • Dealer and private seller purchases
  • Budget cars and luxury vehicles
  • Single vehicle or an entire fleet

About Jade

Especially if you are in a situation where you have low docs or no financials, you want to know that your application for a business car loan is handled professionally with a respectful understanding of your personal circumstances. At Jade, you have our assurance that our trained, locally-based consultants will provide a service which is totally focussed on you and your needs.

 

Established for a long period and with accreditation with many financial institutions and lenders, Jade has access to a wide range of lending products and provide both personal and commercial finance for many purposes.

 

In stark contrast to some in the finance sector, Jade has always prioritised you, the customer. Not profits and obligations to shareholders. Our service is structured with you at the epicentre and our consultants work towards assisting you achieve your financial goals with the best lending products available.

 

You will deal with your own Jade business car loan consultant who is a licensed representative and an expert in this particular field and well-qualified to take you through every stage of your loan procedure.

 

100% Australian owned and a member of the FBAA, Jade Finance Australia adopts the nationally recognised Code of Practice, overseen by the Australian Prudential Regulation Authority (APRA). You can discuss your personal situation with your Jade consultant in the knowledge that you are dealing with a person who not only cares about your loan requirements, but has passed stringent checks and attained the required education and training qualifications.

Tailored Solutions for Businesses of All Sizes and Vehicle Types

For all sized businesses from the smallest owner-operators, through to the largest corporations, and for all types of business vehicles – new and used – all Jade Business Car Finance packages include the Jade trademark cheap interest rates, terms negotiated to support your business objectives and the one-to-one services of our professional finance consultants.

  • Call us now for a no-obligation enquiry
  • Call us now to answer any questions
  • Call us now for quick quote
  • Call us now even if you have low docs and have been rejected by other lenders
  • Call us now for pre-approved finance

Low Docs, No Financials Car Loans – Making it Possible

With recent changes in the financial sector, many institutions have tightened their lending guidelines even further. Making it somewhat challenging for people with low docs or no financials to arrange a car loan for their business.

  • Your Jade Consultant has the expert knowledge of the market and the network of lender connections to know which lender can offer you the best low docs commercial car finance package.
  • As a broker, we’re not hamstrung by the same constraints as many banks and traditional lending institutions who have to simply follow their company rules. And if your application doesn’t tick all their boxes – no deal!
Lender Loan Product Interest Rates From Monthly Repayment
Jade Business Car Loan 6.70%Fixed Rate $589.80 MONTHLY
Jade Business Loans - Unsecured 14.95%Fixed Rate $712.91 MONTHLY
Jade Business Loans - Secured 6.85%Fixed Rate $591.92 MONTHLY
Jade Overdraft - Non Bank 14.95%Fixed Rate $712.91 MONTHLY
Jade Chattel Mortgage 6.85%Fixed Rate $591.92 MONTHLY
Jade Operating Leases 6.85%Fixed Rate $591.92 MONTHLY
Jade
Business Car Loan
6.70%Fixed Rate $589.80 MONTHLY
Jade
Business Loans - Unsecured
14.95%Fixed Rate $712.91 MONTHLY
Jade
Business Loans - Secured
6.85%Fixed Rate $591.92 MONTHLY
Jade
Overdraft - Non Bank
14.95%Fixed Rate $712.91 MONTHLY
Jade
Chattel Mortgage
6.85%Fixed Rate $591.92 MONTHLY
Jade
Operating Leases
6.85%Fixed Rate $591.92 MONTHLY

We work harder to secure the best rates.

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In order to provide the best experience, your details are saved on our secure server as you enter them.

Business Car Finance FAQs

Finance for the purchase of business vehicles is quite a technical and somewhat complex lending area as it involves a number of accounting and taxation issues. We have provided quite detailed information on each of the finance facilities in our web pages and in these FAQs, we provide more precise answers to direct queries. With decisions around which type of business vehicle finance is best suited for your business, we highly recommend you consult with your accountant. For a quote on your car loan or to answer more questions, please call us on 1300 000 003.

  • The treatment of tax deductions varies with the different types of business vehicle finance products. The monthly repayment includes interest and paying off the loan principle. It will also include an amount to cover any recurring lender charges.

    With leasing, the repayments are tax deductible.

    With Chattel Mortgage and CHP, the interest portion of the repayments is the only tax deductible element.

    A tax benefit is realised by Chattel Mortgage and some CHP loans by way of asset depreciation. With these types of finance, the vehicle is entered in the balance sheet of the borrower and is subject to a depreciation allowance in accordance with ATO rulings.

    With Vehicle Leasing, the vehicle is not entered in the borrower’s balance sheet as ownership is retained by the lender. So the asset is not subject to the tax benefit of depreciation by the borrower.

    So Leasing provides a tax benefit with the monthly repayments and Chattel Mortgage and CHP receive a tax deduction when the asset is depreciated in the end of year accounts.

  • The treatment of GST varies for Leasing, Chattel Mortgage and Commercial Hire Purchase. GST is charged on the purchase price of a car but not on the interest charged on the loan.

    With Chattel Mortgage and CHP, the full GST which is applied to the purchase of the automobile can be claimed by the borrower/buyer when the purchase is finalised. That means on the next BAS return. As the full amount of GST applicable to the purchase has been claimed, no GST then applies to the repayments.

    With Leasing the GST is applied to the repayments and claimed by the borrower on the relevant BAS returns either monthly, quarterly or annually according to their BAS lodgement schedule.

    The same guidelines apply to the balloon and residual payments.

    Please note claims maybe up to the luxury car tax threshold.

  • We offer the full portfolio of commercial finance facilities for business vehicle purchases:

    • Chattel Mortgage. This type of loan is referred to as a Motor Vehicle Business Loan by some banks. Suitable for the cash accounting method.
    • Commercial Hire Purchase. Suitable for either cash or accruals accounting.
    • Lease. An off-balance sheet type of financing.
    • Novated Lease with Salary Sacrifice. Suitable for employers looking to purchase a vehicle for an employee and the employee opts to sacrifice salary.

    Each lending type offers tax benefits and has varying treatments of GST and other finance and accounting elements. The ownership of the vehicle during the loan term also varies. With Chattel Mortgage and CHP the borrower has ownership and use of the vehicle when the purchase is finalised. With Leasing, the borrower has full use of the vehicle but ownership is retained by the lender.

  • The different types of business vehicle finance – Chattel Mortgage, CHP and Leasing – have different features in regard to the treatment of GST, tax deductions, ownership of the vehicle, balance sheet entries and suitability to either the cash or accruals methods of accounting.

    Due to the accounting implications, it is strongly recommended that business owners refer to their accountant, chief financial officer or financial advisor for advice as to which finance product is best suited to achieve their financial objectives.

    It is not within the scope or responsibility of the role of Jade to advise on the specific selection of finance products for individual customers or businesses.

  • The Federal Government introduced a number of accelerated asset depreciation measures as part of the coronavirus economic stimulus response. These include Instant Asset Write-Off and temporary full expensing.

    Both these measures relate to depreciation or writing off the value of the asset, that is the vehicle in the year of purchase rather than over time under usual ATO rulings.

    In order to depreciate the car as an asset, the borrowing company must have that asset on their books. That is, as an asset for their company. This is the case with Chattel Mortgage but not with Leasing. So our understanding is that Chattel Mortgage is most suited to realise the benefits of these measures.