Key highlights
- Finance a light truck in your Pty Ltd's name
- Keeps the asset and liability within the business
- Lenders weigh directors' credit and trading time
- 80+ banks and non-bank lenders compared
- Soft-check quote won't affect your credit score
If you operate through a Pty Ltd, financing a light truck in the company name is standard practice. Lenders are well set up for company borrowers. Understanding how they assess a company application helps you put your best foot forward.
Can you finance a truck in the company name?
A light truck can be financed with the Pty Ltd as the borrower, keeping the asset and liability within the business. Lenders typically look at the company's trading history, turnover and ABN, and in most cases directors provide personal guarantees. This is normal and often helps the application.
What do lenders assess?
Beyond company financials, lenders consider the directors' credit, how long the company has traded, and the truck's age and type. Established companies with solid records often access streamlined, lower-doc options. Newer companies can still qualify through the right lender, subject to lender criteria.
How do you structure it well?
With a panel of 80+ banks and non-bank lenders, Simon Kendrick can match your company structure to a suitable lender and present the application in its strongest form. Any questions on GST, depreciation or how the truck sits in the company's books should go to your accountant or registered tax adviser.
Financing a light truck through your company? Ask Overdrive for an obligation-free quote and Simon will compare the panel. It's a soft check that won't affect your credit score.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.