Many business owners want to preserve cash flow rather than tie up funds in a deposit. Financing 100% of a business vehicle is possible for some eligible applicants, though it is not automatic. What is achievable depends on the lender, your credit profile and the vehicle you are buying.
What is 100% vehicle finance?
No-deposit or 100% finance means borrowing the full purchase price of the vehicle, so you drive away without paying money upfront. Some lenders may also fund on-road costs and accessories, subject to their criteria. This can help preserve working capital for other parts of the business.
Who qualifies for no-deposit finance?
Eligibility for no-deposit finance is typically influenced by your credit history, how long your ABN has been active, whether you own property, and the age and type of vehicle. Applicants with a stronger profile may find it easier to access higher loan-to-value arrangements, while others may be asked for a contribution.
When does a deposit still help?
Even where 100% finance is available, a deposit or trade-in may improve the terms on offer or widen the range of lenders willing to assist. It can also reduce the total amount financed. The right approach varies from one business to the next.
How do you compare no-deposit lenders?
Because Overdrive compares 80+ lenders, we can help identify which may consider a no-deposit structure for your situation. Request a soft-check quote and Simon Kendrick can talk through indicative options with no impact on your credit score.
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