Key highlights
- ABN car finance is written in your business name
- Apply as a business rather than a consumer
- Lenders assess ABN age, GST, credit and serviceability
- One broker, Simon Kendrick, compares 80+ lenders
- Obligation-free soft-check quote, no credit-score impact
If you hold an ABN and need a vehicle for work, ABN car finance lets your business buy a car and structure the repayments against your operating income. Rather than applying as a consumer, you apply as a business, which can open up commercial loan products and potential tax treatment. Here is how it works.
What is ABN car finance?
ABN car finance simply means the finance is written in your business name using your Australian Business Number. Common structures include a chattel mortgage, where your business owns the car from day one, and finance lease or hire purchase arrangements. The right structure depends on how your business is set up and how you use the vehicle, so it is worth talking through the options rather than guessing.
What do lenders look at?
Lenders assess the age of your ABN, whether you are registered for GST, your credit history and your capacity to service the repayments. Some products suit established businesses with full financials, while others cater to newer ABNs or applicants who prefer a low-documentation approach. Eligibility is always subject to individual lender criteria.
Why use a finance broker?
At Overdrive you deal with one broker, Simon Kendrick, who compares a panel of 80-plus banks and non-bank lenders to match your situation. That saves you applying to multiple lenders yourself and helps identify which structure and product may suit. Any GST or depreciation questions should be confirmed with your accountant or registered tax adviser.
Ready to see what your business may qualify for? Request an obligation-free quote from Overdrive. It is a soft check that won't affect your credit score, and Simon will walk you through your options.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.