Key highlights
- 100% finance means the full purchase price, nothing down
- Some lenders also include on-road costs
- Clean credit and reasonable ABN history usually needed
- Preserves cash for running the business
- 80+ banks and non-banks compared for full finance
Financing the full cost of a business van, with nothing down, is a real option for many ABN holders. Whether you qualify depends on your profile and the lender. Overdrive compares 80+ banks and non-banks to find who will do it and on what terms.
What does 100% van finance cover?
At its simplest, 100% finance means borrowing the full purchase price without a cash deposit. Some lenders go further and include on-road costs like registration and stamp duty. Eligible applicants, especially asset-backed ones, are most likely to access this, subject to lender criteria.
Who qualifies for 100% van finance?
Lenders offering no-deposit finance usually want a clean credit file and reasonable ABN history. Property ownership helps. A newer business or blemished file doesn't rule it out, but may mean a deposit or a different lender is a better fit.
What are the pros and cons?
Financing everything preserves your cash for running the business, though repayments will be higher than if you contributed a deposit. It's a cash-flow decision. For how the structure affects your tax position, check with your accountant or registered tax adviser.
Want to see if 100% finance is on the table for you? Simon can run an obligation-free Overdrive quote. It's a soft check that won't affect your credit score.
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