Commercial Car Loans Are Best For
This loan type will suit those who have substantial business use and plan on claiming a predominant portion of the car usage for tax purposes. If you use your car to attend meetings with customers, clients, and business partners away from the office, run your own business, pick up materials or make deliveries as a significant function within your job then a commercial loan may suit you best.
Usually 12-60 months (1-5 years)
Who owns the car
You own the car. The lender will hold a financial interest over the vehicle until the loan is paid in full.
A direct debit is setup so you’ll never miss a payment.
Residual (balloon) options
You can nominate an amount to pay at the end of the loan to reduce your repayments throughout the term. The residual amount available will depend on the loan term and vehicle age.
Car Loan Terms