Key highlights
- Pty Ltd operators and trusts can finance a coach
- Established company can hold the asset on its balance sheet
- Single coaches or growing fleets both arranged
- Term, deposit and balloon shape company cash flow
- Structured across a panel of 80+ lenders
A company structure can open up flexible options for financing a passenger coach. Overdrive helps Pty Ltd operators and trusts compare a panel of 80+ lenders to fund single coaches or growing fleets.
Can a company finance a coach?
Lenders often view an established Pty Ltd with a trading history favourably, and the company can hold the asset on its own balance sheet. Directors' details and sometimes guarantees form part of the application. A chattel mortgage or lease can be structured to suit how the company accounts for the vehicle.
Can a company finance a fleet?
Whether you are adding one coach or expanding a fleet, terms can be arranged around your utilisation and contracts. Established companies with charter, tour or school agreements may access competitive pricing, while newer entities can still be considered subject to lender criteria and any deposit or security offered.
How does company coach finance affect tax?
Term length, deposit and any balloon all shape the repayment profile and the company's cash flow. Because the accounting, GST and depreciation treatment can be significant for a company, confirm these with your accountant or registered tax adviser before you settle.
Simon Kendrick can structure a company facility and provide an obligation-free quote across the panel. The initial check is soft and won't affect your credit score.
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