Key highlights
- Sole traders with an active ABN can apply like any structure
- Lenders assess your personal and business position
- Time trading, income and credit all feature
- Some lenders suit sole traders better than others
- Request an obligation-free, indicative quote across 80+ lenders
Operating as a sole trader does not shut you out of business car finance. With an active ABN and a workable profile, plenty of lenders will consider you. Overdrive compares 80+ lenders to suit sole traders.
Can a sole trader get car finance?
As a sole trader with a valid ABN, you can apply for business vehicle finance like any other structure. Lenders assess your personal and business position together, since the two are legally the same for a sole trader.
What do lenders look for?
Time in business under your ABN, income consistency, credit history and the vehicle itself all feature in the assessment. A clean, well-documented position helps your application, subject to lender criteria.
Which lenders suit sole traders?
Some lenders are more comfortable with sole traders than others. Simon Kendrick knows the panel and directs your application to financiers who suit smaller and single-operator businesses.
How do you see your options?
Request an obligation-free, indicative quote and Overdrive will show you which lenders may finance your vehicle as a sole trader.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.