“The best investment you can make is in your own business.”
— Warren Buffett
Buying your first commercial vehicle is a big investment and a big step for your business.
A ute for site work, a van for deliveries, or a truck to grow your operations, paying upfront can seriously hit your cash flow. However, Commercial Vehicle Finance can help you secure your first vehicle for your business.
Finance helps you spread the cost over manageable repayments, keep your business running smoothly, and get on the road faster.
The bank will finance your business vehicle; however, a financial broker can help you get the best loan with a low interest rate. And we do the same for YOU, to secure your new business vehicle.
With JH Finance group guiding you, securing your first vehicle becomes simple, flexible, and stress-free, letting you focus on what really matters: growing your business.
What Is Commercial Vehicle Finance and How Does It Work?
Commercial Vehicle Finance is essentially a way for businesses to buy a vehicle without paying the full cost upfront.
Instead of locking away a large sum of money, you make regular repayments over an agreed term, which could range from 1 to 7 years, depending on the vehicle and your business needs.
It helps you preserve cash flow, so your funds remain for staff wages, marketing, and business growth.
The financed vehicle itself usually acts as security, meaning you can start using it for work immediately while the lender’s risk is protected.
Typical vehicles financed include utes, vans, trucks, trailers, and fleets.
Repayments are designed to align with your business income, and depending on the finance structure, you may also enjoy tax benefits like GST claims, depreciation, and interest deductions.
In short, it’s a way to get your business moving while staying financially flexible.
Vehicles You Can Finance Under Commercial Vehicle Finance
Commercial Vehicle Finance isn’t just for brand-new vehicles. Businesses can finance a wide range of vehicles to suit their needs:
- Dual-cab utes
- Vans, Bus
- Light, medium, and heavy trucks
- Prime movers
- New and used commercial vehicles
Even used vehicles can qualify for competitive finance, often up to 25–30 years old at the end of the loan term. This makes it easier for new or growing businesses to get on the road without stretching their budget.
Popular Financing Options For Commercial Vehicles
When it comes to Commercial Vehicle Finance, there are several structures designed to suit different business needs.
Chattel Mortgage
With a chattel mortgage, your business owns the vehicle from day one. You can benefit from GST claims upfront and depreciation, making it a popular choice for businesses looking for ownership and tax advantages.
Hire Purchase (HP)
Under a hire purchase, the lender owns the vehicle until the final repayment. Payments are fixed and predictable, and ownership transfers once the loan is complete, offering budgeting certainty.
Finance Lease & Operating Lease
Leasing is ideal for fleets or businesses that rotate vehicles regularly. It provides flexibility and can be an off-balance-sheet solution, keeping financials lighter while maintaining access to reliable vehicles.
A specialist broker can guide you to the structure that best fits your tax position, cash flow, and business goals, ensuring the finance works for you, not the other way around.
Tax and Cash Flow Benefits You Should Know
Business vehicle finance can offer some smart financial advantages for your business. Depending on the structure and how the vehicle is used, you may be able to:
- Claim GST upfront
- Deduct interest and depreciation
- Offset running costs like fuel, servicing, and insurance
These benefits vary from business to business, which is why it’s important to get guidance from an expert finance broker.
At JH Finance Group, we’re the commercial vehicle finance broker in Perth (Also serving 5 other suburbs), help you understand the taxation benefits of your loan. Connect with us today.
Who Is Eligible for Commercial Vehicle Finance?
To qualify for Commercial Vehicle Finance, businesses generally need to meet a few key requirements:
- Business Structure: Sole trader, partnership, company director, or trust
- ABN & GST: An active ABN is essential; GST registration is often preferred
- Trading History: Ideally 1–2 years, but start-ups can still qualify through low-doc options
- Vehicle Use: Must be used predominantly (over 50%) for business purposes
- Financials: Proof of income via bank statements or tax returns, plus solid business financials
- Credit Score: A good credit history helps, though lenders may offer solutions for less-than-perfect credit, usually at higher rates
With these requirements met, your business can access finance quickly and confidently, with guidance from experts like JH Finance Group.
How JH Finance Group Can Help You with Your Commercial Vehicle Financing
Investing in your business means expanding your growth. With the best commercial vehicle finance at the best interest rate, you get your business vehicle in use from day one.
With JH Finance Group, you get:
- Access to multiple lenders: Find the most competitive rates and flexible terms
- Faster approvals and smooth settlements: Get on the road without unnecessary delays
- Finance aligned with your business goals: Structuring repayments, GST, and tax benefits to suit your operations
We focus on guidance and confidence, helping your business make informed and smart finance decisions. Connect with our financial service providers to get the best lending options for your commercial vehicle finance.
