Key highlights
- Minibus finance available to ABN-holding businesses
- Suits shuttle, community, transfer and hire operators
- Eligible applicants may access low-doc options
- Tailor the term and balloon to your revenue
- Compared across 80+ lenders for your operation
Minibuses are the workhorses of community transport, hotels, tour operators and hire services. Financing one for your business is straightforward when you know what lenders look for. Here is a plain-English guide.
Can you finance a minibus for business?
Whether you run a small shuttle service, a community group, an accommodation transfer or a hire operation, a minibus can be financed for ABN-holding businesses. Both new and used minibuses are commonly funded, with the term shaped by the age and condition of the vehicle, subject to lender criteria.
What do lenders look at for a minibus?
Lenders consider your ABN and trading history, the minibus itself and how it's used in the business. Eligible applicants may access low-doc options depending on the amount and structure. Newer minibuses often attract longer terms, while a well-maintained used minibus can still be a strong option.
How do you structure minibus repayments?
You can tailor the term and consider a balloon to keep repayments manageable against your revenue. Matching the finance to how long you'll keep the minibus earning is a sensible approach. For GST and depreciation questions, check with your accountant or registered tax adviser.
How do you finance a minibus?
Simon can compare minibus finance across Overdrive's panel of 80-plus lenders to suit your operation. Request an obligation-free quote. It's a soft check that won't affect your credit score.
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