Key highlights
- A Pty Ltd can finance a car in the company name
- Keeps the asset within the business
- Lenders review trading history, ABN, GST and financials
- 80+ lenders compared to match your Pty Ltd
- Soft-check quote with no impact on your credit score
A Pty Ltd company is one of the most common structures used to finance a work car. Lenders are very familiar with proprietary limited companies and regularly write finance in the company name.
Can a Pty Ltd company finance a car?
A Pty Ltd company can generally finance a car in its own name, with the vehicle and loan held by the business. This keeps the asset within the company, subject to the lender's assessment and criteria.
What do lenders assess for a Pty Ltd?
For a Pty Ltd application, lenders typically review the company's trading history, ABN and GST registration, credit profile and financials. Directors are commonly asked to provide a personal guarantee, especially for newer companies.
How do you compare company car finance?
Terms for company car finance vary between lenders, so comparison matters. With 80+ lenders on panel, Overdrive can match your Pty Ltd to suitable products. For how the purchase is treated in your accounts, check with your accountant or registered tax adviser.
How do you get started?
Simon Kendrick can help your Pty Ltd company compare car finance options. Request a soft-check quote with no impact on your credit score.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.