Car Loans
For Commercial Business Vehicle Loans
ABN-ready. Business-focused. Fixed-rate finance with various options.
Work wheels, sorted
Our business vehicle loans – aka chattel mortgages, goods loans or commercial loans – help you buy and own vehicles under your ABN. If you use it mostly for work (more than 50% of the time), you’re eligible to apply.
Key benefits of our business vehicle loans:
1–7 Years
Choose a flexible loan term from 12 months up to 7 years
Down payment
Reduce your monthly repayments with an upfront deposit
Flexible
Reduce your monthly repayments with an optional balloon payment
Hassle-free
Streamlined loan applications make the process painless and efficient
Tax benefits**
Offset costs with potential benefits that could lighten your tax load
Finance designed for business
Need a vehicle to keep your business moving? With fixed rates, streamlined processes and potential tax benefits**, we make it straightforward to finance the vehicles that power your operations.
Electric vehicles
It’s easier than ever to get behind the wheel of an electric vehicle. In fact, with new vehicles launching every year, you’ll be amazed at what’s on offer. If you’re ready to join the thousands of happy EV drivers across Australia, we can help you unlock the benefits of going electric with a special Angle Auto Finance offer on eligible EV vehicles.
Taxi & Rideshare finance available
Operating a taxi or rideshare business and need a vehicle on finance? Speak with an Angle Auto Finance accredited dealership to find out more about your finance options.
Guaranteed Future Value
A loan with a Guaranteed Future Value (GFV) could be a great option and flexible way to purchase your vehicle. Get greater peace of mind knowing your vehicle’s guaranteed future value (as determined by us) at the end of your loan term, with the flexibility to trade in, keep or return your vehicle when your contract ends~. Available at participating and accredited dealerships.
How to apply
Visit
Visit an Angle Auto Finance accredited dealership
Select
Select the vehicle of your choice
Apply
Complete a loan application
Drive
If approved, you could drive away in your new car
What information do I need to apply?
ABN Holders
You will be required to provide the following on the finance application:
- Confirm you’re an ABN holder
- If Sole Trader or Partnership by providing proof of ABN registration
- If a Company, you will need to provide company information including details of shareholders and directors
- If a Trust, you must provide details of the trust such as a certified trust deed and details of any beneficiaries
- Declare that the vehicle will be used primarily (more than 50%) for business purposes
- Financial information
- Recent business financial statements for the last 18 months
- Recent business income tax return for the last 18 months
- Primary and secondary identification for the primary applicant (one source of ID must be a driver’s licence) and any other individuals associated with the ABN
- Proof of residence: 2 x recent statements or invoices with your current address shown
Note that we may need additional information as part of the application process.
Tool of Trade
You will be required to provide the following on the finance application:
- Declare that the vehicle will be used primarily (more than 50%) for business purposes
- Proof of car allowance for tool of trade
- Primary and secondary identification (one source of ID must be a driver’s licence)
- Proof of residence: 2 x recent statements or invoices with your current address shown
- Proof of income: 2-3 recent payslips from your employer
Note that we may need additional information as part of the application process.
Visit a participating dealership
Visit one of our accredited dealers today to find your next vehicle and apply for your finance on the spot to see what you can borrow. How convenient!
Explore special offers
$1,000 worth of public charging
Power up with Evie# – Australia’s leading public fast-charging network.
EVIE Charging Network
$300 RedBalloon experience
What drives you? Choose a RedBalloon^ experience that will power lasting memories.
RedBalloon
You could get a discount off the standard interest rate* – for the life of your loan!
Clean Energy Finance Corporation
Frequently asked questions
Your T&Cs consist of the Details you signed, the General Terms, and if applicable the Guaranteed Future Value Details & Terms (depending on the loan you have).
The General Terms that apply to your Angle Auto Finance product, were provided to you at the commencement of your loan contract.
To request a copy of your original contract and the General Terms that apply to your Angle Auto Finance product, please contact our Customer Care team or call 1300 561 868.
A balloon payment is a lump sum you agree to pay at the end of your car loan. It reduces your regular repayments, making them more affordable over the loan duration.
However, you’ll pay more interest overall. This is due to interest being accrued on the large balloon amount over the full loan duration, despite the non-balloon portion reducing with each repayment. On a loan without a balloon the full principal is repaid over the loan term, resulting in less interest payable overall.
If you plan to keep the car well beyond the loan term, a loan with a balloon payment costs more in the long run.
It might suit you if you want lower repayments or if you intend to change over your car at the end of the contract term. Just remember you’ll need to pay or refinance the lump sum when the loan ends.
However, you’ll pay more interest overall. This is due to interest being accrued on the large balloon amount over the full loan duration, despite the non-balloon portion reducing with each repayment. On a loan without a balloon the full principal is repaid over the loan term, resulting in less interest payable overall.
If you plan to keep the car well beyond the loan term, a loan with a balloon payment costs more in the long run.
Here are some important things to consider:
- It’s easy to forget about the final payment, so make sure you plan for it. You’ll still owe a large amount at the end.
- You may need to sell or trade in your car. Many people use the value of the car to help pay back the balloon. If your car’s value is less than expected, you’ll need to cover the difference.
- Refinancing is not guaranteed. If your financial situation changes, or if interest rates go up, it might be harder or more expensive to refinance the balloon later.
- You’ll pay more interest overall. This is due to interest being accrued on this large balloon amount over the full loan duration, despite the non-balloon portion reducing with each repayment. On a loan without a balloon the full principal is repaid over the loan term, resulting in less interest payable overall.
- It may not suit long-term car keepers. If you plan to keep the car well beyond the loan term, a loan with a balloon payment might delay full ownership and cost more in the long run.
Yes, in many cases you can make extra repayments during the loan. This will help lower the final amount owing at the end of your term, but may result in the loan terminating early. Check your loan terms first to see if there are any early termination related costs.
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General enquiries
Monday to Friday, 8:30am – 5:30pm AEST
Important information
** This statement is general in nature and is not intended to be relied on as advice. You should consider whether this product is appropriate for your circumstances and seek independent taxation advice before making any decisions regarding this product.
~ The Guaranteed Future Value (GFV) is the minimum future value of your vehicle at the end of the loan term subject to fair wear and tear conditions and agreed kilometres being met and is determined by Angle Auto Finance before the start of your loan. It is not a representation by Angle Auto Finance as to the likely market value of your vehicle at the end of your finance contract. Provided you comply with the GFV terms and conditions, the GFV amount you receive at the end of the loan term will satisfy the balloon amount on your finance contract, even if the value of the vehicle is less than the balloon amount. Adjustments to the GFV amount may apply. If you wish to trade in or keep your vehicle, you must pay out the outstanding amount owing on your finance contract. Please consider whether a GFV product is appropriate for your circumstances and seek independent taxation advice.
*Offers available to approved applicants only from 12 April 2024. This offer may be varied or withdrawn at any time. Enjoy a 0.70% p.a. discount off your standard interest rate when you finance an eligible new or demonstrator Green Motor Vehicle up to an invoiced purchase price of $90,000 (including GST) as part of a co-funding finance program with the Clean Energy Finance Corporation (CEFC). Price is retail cost of EV and cannot be lowered with a deposit. For example, if a customer has $40K deposit and wants to purchase an EV worth $120K, the CEFC discount will not be applied for the $80K financing. Green Motor Vehicles include Battery Electric Vehicle (BEV). Excludes Government, Rental, and Novated Lease customers. Your standard interest rate will be determined with reference to our range of available rates, the loan amount and term, any deposit and your credit history. Terms, conditions, and eligibility criteria apply.
#Evie voucher is valid for 12 months from date of issue. Use of this Promotional Offer is subject to the Evie Terms of Service & Privacy Policy. To find out more about Evie visit evie.com.au. The Evie App is compatible with Android and iOS, minimum platform requirements apply. App Store is a service mark of Apple Inc. Google Play and the Google Play Logo are registered trademarks of Google LLC.
^Red Balloon voucher is valid for 5 years from date of issue. Use of this Promotional Offer is bound by the RedBalloon Terms & Conditions at help.redballoon.com.au/help/terms-conditions.