Key highlights
- SUV finance bridges passenger car and light commercial needs
- Structured as chattel mortgage, hire purchase or lease
- New and near-new SUVs are usually straightforward
- 80+ banks and non-bank lenders compared through one broker
- Request an obligation-free SUV finance quote
SUVs have become a practical choice for many Australian businesses, offering space, comfort and versatility in one vehicle. Whether you meet clients, transport equipment or need a dependable all-rounder, financing an SUV through your ABN can be an efficient way to fund it. Here is how business SUV finance generally works.
Why finance an SUV for business?
An SUV can bridge the gap between a passenger car and a light commercial vehicle, with room for people, gear and the occasional load. This flexibility makes SUVs popular with consultants, real estate professionals, health practitioners and family-run businesses. Because they suit both work and everyday use, they are commonly financed through business vehicle finance products.
How is business SUV finance structured?
SUV finance is often arranged as a chattel mortgage, hire purchase or lease, depending on your preferences around ownership and cash flow. Where an SUV is used partly for private purposes, the tax and GST treatment can differ, so it is worth confirming the details with your accountant or registered tax adviser before you commit.
Who is eligible for SUV finance?
As with other vehicles, lenders assess your ABN age, GST status, credit profile and the SUV's age and value. New and near-new SUVs are usually straightforward to finance for eligible applicants, while a wide range of business profiles can still find suitable options, subject to lender criteria.
How do you get an SUV finance quote?
Overdrive compares 80-plus banks and non-bank lenders through one broker, Simon Kendrick, to find an SUV finance option that may suit you. Request an obligation-free quote today. It is a soft check that won't affect your credit score.
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