Vehicle Loans

At Fintech Hub, our partnership with a diverse panel of lenders enables us to assist you with an extensive range of car or vehicle finance solutions to all kinds of businesses right across Australia.

Our lenders offer a range of commercial car finance solutions for individuals and companies seeking finance for vehicles to be used in the business or for employees of the business. Whether you require a new fleet, work van or a company car; the business car finance experts through Fintech Hub can help you save both time and money sourcing the right finance.

• Certainty of a fixed interest rate.
• A loan term generally between 12 and 60 months.
• Discounted finance rates available for energy efficient vehicles and equipment.
• Generally, the only security needed is the asset itself.

• Your business has a valid Australian Business Number (ABN).
• You intend to use the product mostly for business purposes.

• Chattel Mortgage
• Car Leasing
• Hire Purchase

A chattel mortgage (also known as a bill of sale or equipment loan) is a loan agreement where the funds are borrowed to purchase equipment or trucks for commercial purposes, and a charge is taken over the goods that are financed.

• Equipment is owned by the borrower
• Can be 100% funded or equity (e.g. deposit or trade) can be contributed
• Balloon payment can be included
• Tax deduction is generally the interest on the facility and depreciation
• If registered for GST, the GST on the purchase price can usually be claimed

A hire purchase (also known as offer to hire) is an agreement which sets out that during the hire period (term) the financier owns the asset and the hirer pays regular instalments, with ownership of the asset automatically passing to the hirer once the final payment is made.

• Equipment is owned by the financier but is transferred to the hirer at the end of the term
• Can be 100% funded or equity (e.g. deposit or trade) can be contributed
• Balloon payment can be included
• Tax deduction is generally the interest on the facility and depreciation
• If registered for GST, the GST on the purchase price may be claimed
• Depending of which accounting system (cash or accrual) is utilised, this will affect how the GST can be claimed. We also recommend that independent accounting advice should be sort.

A finance lease is an arrangement for financing the car or equipment where the financier retains title and the asset is leased to the borrower, for an agreed term and rental amount. A residual value is set to reflect the asset’s value at the end of the term.

• Equipment is owned by the financier
• 100% funding with no equity allowed (e.g. no deposit)
• Residual value based on tax guidelines
• Repayments are generally tax deductible in full
• Whilst there is no guarantee of ownership, the usual case is the financier will offer for sale at the end of the term at the residual value.

A rental (also known as an operating lease) is an arrangement for financing equipment where the financier retains title and the asset is rented to the borrower, for an agreed term and rental amount.

• Equipment is owned by the financier
• 100% funding with no equity allowed (e.g. no deposit)
• Repayments are generally tax deductible in full
• No guarantee of ownership. The financier may offer to sell the car/equipment at the end of the term, the car/equipment may be returned to the financier or the financier may agree to refinance the car/equipment.

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