Business use
Explain how the vehicle will support trading, service delivery, customer visits or worksite access.
Business car loan funding for Australian businesses
Explore business car loan funding for cars, utes, and other work vehicles. SimplyFunded may consider eligible vehicle costs through unsecured SME finance, subject to assessment.
Check eligibilityAm I eligible?
You probably are, you just need:
- An active ABN or ACN
- 6+ months in business
- $5,000+ in monthly revenue
Business car finance through unsecured business loan
A vehicle can be important to daily operations, from visiting customers and carrying tools to reaching job sites. SimplyFunded may consider a car, ute, or other work vehicle as the purpose for unsecured business funding. This is a business-purpose funding option, not a dedicated car loan secured against the vehicle.
A clear request connects the vehicle's cost to how the business earns revenue. Include the purchase price or quote, any deposit or fit-out costs, the expected business use and the amount the business can comfortably repay. If the vehicle is also used personally, account for that when deciding whether the cost belongs to the business request.
SimplyFunded's unsecured SME funding is generally available from AUD $5,000 to $200,000 for eligible Australian businesses, subject to assessment. Review the unsecured business loan information and compare it with dealer, bank or asset finance before choosing a structure.
What to check before funding a business car
Use these points to decide whether unsecured business funding fits the vehicle's purchase.
Vehicle budget
Include the purchase price and relevant costs such as delivery, registration or business fit-out.
Repayment fit
Check repayments against an ordinary month after wages, suppliers, rent, tax and existing commitments.
Funding guide
These are general product criteria, not a vehicle finance quote or approval.
Check
Guide
What to consider
Check
Funding structure
Guide
Unsecured SME funding
What to consider
Not dedicated secured car finance
Check
Funding range
Guide
$5,000 to $200,000
What to consider
Subject to business assessment
Check
Trading history
Guide
Atleast 6 months
What to consider
Australian product criteria
Check
Monthly revenue
Guide
$5,000 minimum
What to consider
Recent business revenue
Check
Vehicle use
Guide
Business purpose required
What to consider
Explain who will use it and why
Eligibility, amount, and terms depend on assessment. A vehicle purchase may also have tax, GST and accounting considerations; seek independent advice for your circumstances.
When unsecured funding may suit a vehicle purchase
Preserve vehicle ownership flexibility
You want to explore a business funding structure that is not a dedicated vehicle-secured facility.
Bundle related business costs
The request includes a defined vehicle cost alongside practical business costs such as fit-out or equipment.
Plan against business cash flow
You can identify a realistic repayment source from normal trading rather than relying only on future growth.
Compare the total cost before deciding
Compare unsecured SME funding with secured vehicle finance, a dealer offer or using available business cash. Look at the total amount of repayment, fees, term, repayment frequency, any deposit, security obligations, and whether a balloon payment applies.
A lower regular payment can still mean a higher total cost over a longer term. Use the business loan calculator to model repayments and review the business loan rates guide for factors that can affect cost. Treat estimates as indicative only.
Total cost
Add interest and disclosed fees over the full term.
Security
Understand whether the lender takes security over the vehicle or other assets.
Tax and ownership
Confirm how business use, ownership, and any personal use should be treated.
Resale and term
Avoid a repayment term that extends well beyond the vehicle's useful life.
Prepare a vehicle funding request
Vehicle details
Make, model, price or supplier quote, and any planned modifications.
Business purpose
How often will the vehicle be used for work and what business activity it supports.
Trading evidence
ABN or ACN, recent business bank statements and monthly revenue information.
Repayment plan
A realistic view of repayments alongside existing business costs and commitments.
How to apply for business car loan funding
- 01Plan
Set the vehicle budget
Identify the vehicle cost, deposit, registration and any fit-out or delivery expenses. Request only what the business needs.
- 02Prepare
Explain business use
Describe how the vehicle supports the business, who will use it and whether personal use is also expected.
- 03Apply
Share business details
Provide ABN or ACN information, recent trading evidence, revenue details, and the vehicle quote or cost breakdown.
- 04Review
Check the full repayment
Review the terms, fees, payment frequency and total repayable against ordinary business cash flow before accepting any offer.
Related funding information
Planning a vehicle purchase for your business?
Share the vehicle cost, business use, and repayment plan to check whether unsecured SME funding may fit your needs.
SimplyFunded is not a specialist secured vehicle lender. Eligible vehicle costs may be considered as a business purpose through unsecured SME funding, subject to assessment.
A car, ute, or other vehicle may be considered when it has a clear business purpose. The business should explain how the vehicle will be used and how the requested amount fits its repayment capacity.
SimplyFunded offers unsecured SME funding from AUD $5,000 to $200,000. The amount approved depends on assessment of the business, the vehicle-related purpose and affordability; it is not a vehicle's valuation or guaranteed offer.
Prepare your ABN or ACN, recent business bank statements, trading and revenue details, the vehicle cost or quote, its business use and a repayment plan based on normal cash flow.
The Australian product generally requires at least 6 months of trading and AUD $5,000 in monthly revenue. Applications are assessed individually, and approval is not guaranteed.
Yes. Compare the total amount of repayment, fees, term, repayment frequency, deposit, security and any balloon payment. A secured vehicle facility may have different terms and may be more suitable for purchases.