Can you buy a car with a business loan?
Yes, provided that you:
- Have an active Australian business number (ABN),
- Will use your car for business purposes at least 51% of the time.
- Can afford to make your monthly or weekly loan repayments?
You can lower your loan repayments in two ways:
Can you get a business car loan if you’re a sole trader?
Can you claim a car loan as a business expense?
Is cash or finance better for a business vehicle?
Which bank is best for car loans?
There is no definitive answer to this question. The Australian car loan market is very competitive. It’s best to talk to an experienced car finance broker like one of our team at National Loans. We stay up to date on all the latest deals on offer from banks and other lenders in the market. You can contact us on 1300 358 358.