Service
Business vehicle finance, without the dealership markup.
Cars, utes, vans and fleets for ABN holders, structured properly: the right entity, the right term, a balloon that matches your trade cycle, and a lender chosen for your deal rather than whoever the dealership gets paid to suggest.
- Founded by two former bankers
- Commercial and business finance specialists
- Perth based, working Australia wide
- MFAA member
The most common business loan, and the most casually arranged
Rockwall Finance arranges business vehicle finance across Perth, WA and Australia wide: cars, utes, vans, light commercials and fleets, for companies, trusts, partnerships and sole traders with an ABN. Vehicle finance is the deal most business owners arrange with the least attention, usually at a dealership desk on delivery day, and it shows in the structures we see: wrong entity, balloon set against nothing, a rate that funded the salesperson's commission.
The deal deserves ten minutes of structure. Which entity should own the vehicle, how the GST and depreciation land, what term matches how long you keep your vehicles, and which lender actually suits an ABN holder with your profile. We run those questions quickly, across a panel of lenders, and most straightforward vehicle deals are approved within a day or two.
What we finance
- Utes, vans and light commercial vehicles
- Passenger cars used for business
- Multiple vehicle and fleet purchases
- New and used, dealer and private sale
- Low doc approvals for established ABN holders
- Sole traders, partnerships, companies and trusts
Dealership finance versus your own broker
Dealer finance is convenient and sometimes genuinely sharp, particularly on manufacturer subsidised new vehicle campaigns. But the dealership's finance desk works for the dealership: one funder or a small panel, commission built into the rate, and a balloon shaped to make the repayment sound good rather than to match the vehicle's value. Having your own finance approved before you walk in changes the conversation twice over. You negotiate the vehicle price as a cash buyer, and you compare the dealer's finance offer against a real alternative instead of signing what is put in front of you. We are happy to tell you when the dealer's campaign rate is the one to take.
The structure: chattel mortgage, in most cases
Most business vehicles are funded under a chattel mortgage: the business owns the vehicle from day one, the vehicle secures its own loan, the interest and depreciation are claimed through the business, and GST registered operators generally claim the GST on the purchase price at the next BAS. Terms typically run three to five years on vehicles, matched to your real trade cycle, with the balloon set against the vehicle's value at changeover so the next purchase is planned rather than painful. Where a lease or hire purchase suits better, usually for tax or balance sheet reasons, we work that through with your accountant before going near a lender.
Low doc, new ABNs and fleets
Vehicles are the friendliest corner of equipment lending. Established ABN holders with clean credit can often access low doc approvals on standard vehicles with no financials, and property ownership or GST registration widens the field further. New ABNs can still be funded with a deposit or the work behind the vehicle in the application, the same way we approach truck finance for first time operators. For businesses running several vehicles, we look at the fleet as one position, and if you add vehicles regularly a master asset finance facility means each purchase draws on a pre approved limit instead of starting a new application. The broader structures live on our equipment and asset finance page.
Frequently asked questions
What is the difference between business car finance and a personal car loan?
The vehicle's use and the borrower. A business vehicle loan, usually a chattel mortgage, is for a vehicle used predominantly for business by an entity with an ABN: company, trust, partnership or sole trader. The business owns the vehicle, claims the interest and depreciation, and GST registered businesses generally claim the GST on the purchase price at the next BAS. A personal car loan is consumer credit with none of that treatment. If the ute works in the business, the business structure usually wins on after tax cost, which is a calculation we run with your accountant rather than assume.
Can I get business car finance without financials?
Often, yes. Vehicles are the most streamlined corner of equipment lending, and many lenders offer low doc approvals for standard vehicles up to set limits for ABN holders with clean credit and some trading history, no full financials required. Property ownership and GST registration both widen what is available. Above the low doc limits, or for newer ABNs, expect to support the application with BAS or financials. We tell you which lane your deal sits in before anything is lodged.
Should I set a balloon on a business vehicle loan?
A balloon makes sense when it matches the vehicle's realistic value at the end of the term, so the trade in or refinance covers it and the changeover to the next vehicle is clean. On vehicles that is usually a three to five year cycle. A balloon set too high just to shrink the repayment leaves you owing more than the vehicle is worth at trade in time. We set the term and balloon against how long you actually keep your vehicles, not against making the weekly number look good.
Can I finance a used or private sale vehicle for my business?
Yes. Dealer sold used vehicles are straightforward, and private sales are routine with the right lender plus ownership, encumbrance and payout checks on the seller's loan if there is one. Age matters at the end of the term rather than at purchase, so older vehicles simply suit shorter terms. Private sales often price a little differently and a handful of lenders do them better than the rest, which is exactly the kind of matching a broker does for you.
Get started
Want to talk it through?
Book a meeting or make an enquiry. We'll tell you whether it's fundable, how we'd structure it, and which lender we'd take it to. No obligation.