Key highlights
- Indicative rates from around 6.55% p.a. for eligible applicants
- Vehicle age, term and deposit all shape your rate
- Same application can be priced differently across 80+ lenders
- Soft check to quote — no credit-score impact
Rate is often the first question business owners ask, but it is rarely set by a single number. Indicative rates from around 6.55% p.a. are available to eligible applicants, though your actual rate depends on several factors. Here is what tends to move the needle.
How does your credit profile affect your rate?
Lenders weigh up your trading history, financial position and credit conduct. A longer track record and a clean credit file may support a sharper rate, while newer or more complex situations can attract different pricing, subject to lender criteria.
How do the vehicle and term affect rates?
Newer vehicles used as security often help, whereas older assets may carry a loading. The loan term, deposit and whether you include a balloon payment can all shift the rate and the repayment. There is usually a trade-off between a lower repayment and the total interest paid over the term.
Does the lender you choose affect your rate?
Rates and appetite vary considerably across a panel of 80+ banks and non-bank lenders. The same application can be priced differently depending on where it lands, which is why comparing lenders matters. A broker aims to match your profile to a competitively priced option rather than accepting the first offer.
How do you get an indicative rate?
For an indicative rate tailored to your situation, ask Simon at Overdrive for an obligation-free quote. It is a soft check that will not affect your credit score.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.