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Business Car Loan

At Komrade Asset Finance we have a range of finance options for all businesses looking to buy a motor vehicle. We offer many low documentation solutions up to $150K for businesses who are looking to purchase new or used vehicles, making for an easy application process. One commonly asked question is, “what term should I finance the car over and what balloon should I have?” This is a very broad question and the answer will vary depending on the individual business’s vehicle requirements and usage. Key points to consider are:

  1. How many kilometres do you travel each year?
  2. Is there a timeframe in which you’d like to upgrade to a new model, i.e. every 3 years?

Business Car Finance: What Do I Need to Know?

It is best to do some research on what a similar make and model vehicle is selling for secondhand at that time. A work vehicle is a necessity for many businesses but does not generate income, therefore it’s important that you don’t structure a balloon on a vehicle that will not be worth that same value at the end of the finance contract. If this does happen you will be looking to finance negative equity into the new vehicle and may need to take cash out of the business’s workings to pay the shortfall from the sale or trade, so it is best to avoid this where possible.

Business Vehicle Finance Rates: What do Komrade Offer?

We provide financing solutions for the following vehicles:

  • Courier Van’s
  • Work Utes
  • 4×4’s
  • Delivery Vans
  • Refridgerated Vans
  • Tray Trucks
  • Pantec Trucks
  • Sedans
  • SUV’s
  • Hatchbacks

Give us a call at Komrade today to discuss financing solutions for your business car loan.

We have known Jimmy for many years and as our business has grown he has always been there to provide a fast solution for vehicle upgrades to enable us to get our trades and services guys out on the road and working fast.

Kris & Peter

Trades & Services

Until we met Jimmy, we had always dealt with the one bank for our trucks and trailers. Jimmy has enabled us to diversify our lending options and we find him to be both reliable and honest whilst providing us with the very best finance solutions for our business.

Steve

Bulk Liquid Transport

I was first referred to Jimmy when I was struggling to deal with my bank for an equipment finance loan. Jimmy was able to find a quick solution and since then we have worked with Jimmy to finance many other assets which has assisted us in the growth of our business. We find him a crucial part of our business and would be more than happy to recommend him.

Phil & Sam

Poultry Farmer & Agricultural Services Contractor

I have known jimmy since 2012 when I was operating one restaurant and a transport business. Now Mahal Group has 8 restaurants and a transport business. Jimmy looks after all our finance needs from restaurant equipment finance to vehicle finance. Over the years we have had plenty of dealings with Jimmy and he has always been as professional as they come.

Puneet

Hospitality & Transport

Apply Online Today

Whether you’re looking for finance for a truck, commercial property, business vehicle or any type of equipment, we can find the right finance option for you from our panel of over 30 different lenders.

Give us a call or apply online