Car finance built for self-employed Australians
If a PAYG payslip lender has knocked you back, it does not mean your income is the problem. We compare lenders that read BAS, bank statements and accountant letters. ABN from 6 months is enough to start.
Self-Employed Borrowers We Help
Whether you're a sole trader, contractor, or company director, we have lenders who specialise in your income type.
Sole Traders
ABN holders with 6+ months history. Low-doc options available with BAS and bank statements.
Contractors
Contract workers and subcontractors. We accept contract income evidence from a range of lenders.
Company Directors
Pty Ltd directors with company or personal income. Flexible income verification accepted.
Partnerships
Business partners with shared income. We structure loans to suit partnership arrangements.
Why Self-Employed Borrowers Choose Simple Loans
We understand self-employed income isn't always straightforward. That's why we work with lenders who assess your real earning capacity.
How Self-Employed Car Finance Works
Tell Us About Your Business
Share your ABN history, income type, and the vehicle you want. Takes under 2 minutes.
We Match You to the Right Lender
We compare 50+ lenders to find those who specialise in self-employed income and offer the best rates.
Get Approved & Drive Away
We handle all the paperwork. Many self-employed applicants are approved within 24 hours.
Self-Employed Car Loan FAQs
Can I get a car loan if I'm self-employed in Australia?
Yes, absolutely. Many of our 50+ lender partners specialise in self-employed car loans. Whether you're a sole trader, contractor, or company director, we can find a lender that suits your income structure. Some lenders approve with as little as 6 months ABN history.
What documents do self-employed borrowers need for a car loan?
Requirements vary by lender, but typically you'll need your ABN registration, recent BAS statements (1-2 quarters), bank statements (3-6 months), valid ID, and details of the vehicle. Some lenders accept low-doc applications with just an accountant's letter and bank statements.
Do I need two years of tax returns for a self-employed car loan?
Not always. While some prime lenders require two years of tax returns, many of our specialist lenders offer low-doc car loans that accept BAS statements, bank statements, or an accountant's declaration instead. We match you to the right lender for your situation.
What interest rates can self-employed borrowers expect?
Rates for self-employed borrowers typically range across 50+ lenders to 12% depending on your ABN history, income evidence, credit score, and the vehicle. With strong financials, self-employed rates can be just as competitive as PAYG employee rates.
Can I claim my car loan as a tax deduction if I'm self-employed?
If you use the vehicle for business purposes, you may be able to claim interest, depreciation, and running costs as tax deductions. A chattel mortgage structure is popular for self-employed borrowers as it allows GST claims on the purchase price. Always consult your accountant for specific tax guidance.
How long does approval take for self-employed car loans?
With the right documents ready, many self-employed car loan applications are approved within 24 hours. Some low-doc lenders can provide conditional approval same-day. Our team pre-checks your application to maximise approval speed.
Free assessment
Ready for your self-employed car loan?
Get a free, no-obligation quote in under 2 minutes. No impact on your credit score.
Start your application