Commercial Vehicle Finance. Power Your Business
From delivery vans to service trucks, finance the commercial vehicles your business needs with tax-deductible structures and competitive rates from 50+ lenders.
Why choose Simple Loans.
Tax-Deductible
Claim interest, depreciation, and running costs as business deductions.
All Commercial Vehicles
Vans, trucks, utes, buses, refrigerated vehicles, tippers, and more.
Flexible Structures
Chattel mortgage, hire purchase, finance lease, or operating lease.
GST Credits
Claim GST on the purchase price in your next BAS (chattel mortgage).
Fast Business Approvals
Streamlined process for ABN holders with quick decisions.
New & Used Vehicles
Finance new commercial vehicles or quality used fleet additions.
Understanding Commercial Vehicle Finance
Navigating the world of vehicle finance can feel overwhelming, especially with so many lenders, rate structures, and terms to compare. At Simple Loans, we simplify this process by acting as your personal finance comparison tool, searching our panel of over 50 banks and specialist lenders to find the most competitive deal for your unique circumstances.
Whether you are purchasing your first vehicle, upgrading to a newer model, or refinancing an existing loan, understanding the key factors that influence your approval and interest rate is essential. Lenders assess your income stability, employment type, credit history, the age and type of asset, and your overall financial position.
How interest rates are determined
Interest rates on vehicle finance products depend on several factors. Secured loans, where the vehicle serves as collateral, typically attract lower rates than unsecured alternatives. Borrowers with clean credit histories are generally offered a lender's sharpest pricing, while those with past defaults or limited history may see higher rates from specialist lenders.
The loan term also matters. Shorter terms usually come with lower overall interest costs, even though the monthly repayment is higher. Longer terms reduce your monthly commitment but increase the total amount you pay over the life of the loan.
Tips for getting the best deal
Start by understanding your borrowing capacity. Use our free loan calculator to estimate repayments before you begin shopping. A realistic budget keeps you focused on vehicles within your range.
Avoid multiple credit applications in a short period. Each formal application creates an enquiry on your credit file, and too many can signal financial stress to lenders. Working with Simple Loans means a single, well-matched application to the most suitable lender.
How it works.
Apply Online in 60 Seconds
Fill out our simple online form, no paperwork, no obligations, and zero upfront fees.
We Compare 50+ Lenders
Our finance comparison tools search our panel of banks and specialist lenders to find the best rate for your situation.
Drive Away Happy
Once approved, funds are settled fast, often same day. You drive away with finance sorted.
Frequently asked questions.
What counts as a commercial vehicle?
Commercial vehicles include any vehicle used primarily for business purposes: vans, trucks, utes, buses, taxis, delivery vehicles, service vehicles, refrigerated trucks, tippers, and more. Light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) both qualify.
What finance structure is best for commercial vehicles?
The best structure depends on your business type and tax position. Chattel mortgage is popular for claiming GST upfront. Hire purchase suits businesses wanting ownership at the end. Finance leases offer flexibility. Our specialists recommend the right option for you.
Can I finance a commercial vehicle as a sole trader?
Yes! Sole traders, partnerships, companies, and trusts can all access commercial vehicle finance. You'll need a valid ABN and evidence of business income.
Ready to get started.
Free assessment, no upfront costs. We compare 50+ lenders to find you the best deal.
People we also help
Simple Loans is a finance comparison tool. Holder of Australian Credit Licence No. 509582. All applications are subject to lender approval. Terms, conditions, fees and charges apply. This information is general in nature.