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Business Car Finance

Credit One offers a range of finance solutions for when your business requires car finance. From a single vehicle to a whole new fleet, ask Credit One about how we can help you save time and money.


We can source business car finance for Limited Liability companies, Partnerships and Sole Traders as well as Trusts and Incorporated Societies. The right type of finance for your business and how the finance is structured depends on a number of different factors - your Credit One finance consultant will work with you and your accountant to help you make choices that free your cashflow and maximise your tax benefits. Every business is different - we help you with finance that delivers what you need, when you need it.

Business car financing options include:

Hire Purchase or Credit Sale Agreement:

This option is commonly used when purchasing a vehicle through a Registered Motor Vehicle Trader.

  • Asset being purchased used as security.
  • GST claimed on the asset invoice.
  • Depreciation and interest on instalments may be tax deductible.*
  • Repayments can be structured to suit various circumstances, such as seasonal cashflow.
  • Terms vary from 6 to 60 months.
  • Interest rate fixed for the term of the agreement.
  • 100% funding available.

Term Loan & Security Agreement:

Structured similarly to Hire Purchase, a Term Loan & Security Agreement is used when a vehicle is being purchased privately, or when another asset is being used as security to fund the vehicle purchase.

Finance Lease:

Also known as "Lease to Own", Finance Lease is a great option for businesses that require their vehicles to be upgraded regularly.

  • Asset being purchased used as security.
  • GST spread across the instalments throughout the term of the lease.
  • Terms vary  from 12 to 60 months.
  • Interest rate fixed for the term of the agreement.
  • 100% funding available.

There are three options at the end of the lease. You can either:

  • Pay the Residual Value (final instalment) and retain ownership of the car, or
  • Sell/Trade the car to settle the Residual Value and replace it, or
  • Refinance the Residual Value and continue the lease until it's paid in full.

Operating Lease:

An Operating Lease enables you to lease a vehicle without your business taking the risks associated with ownership, and for larger businesses, reduces the capital cost of running a modern fleet. At the end of the lease term, the vehicle is simply returned in good condition and your finance obligation ends.

  • Ownership retained by the lease provider.
  • Lease instalments are fully tax deductible.
  • Full use of the vehicle in return for a fixed monthly rental.
  • Term and distance travelled allowance determined by your business's individual requirements.
  • No capital outlay is required to fund the purchase of vehicles.
  • Ability to include maintenance and statutory costs into the monthly rental.
  • No on-balance sheet reporting.
  • Instalments fixed for the term of the lease.

Novated Lease:

Increase employee satisfaction by offering them salary packaged vehicles.

A Novated Lease is an agreement between your business (the employer), one of your employees, and the financier, where the obligation to meet the repayments under the lease is with the employer.

Under this arrangement, the employer pays the monthly lease rentals on behalf of the employee, and provides the vehicle for the employee to use as part of their salary packaging arrangement. If employment ceases for any reason, or the lease agreement is finalised, the Novation ceases and the obligations assumed by the employer revert back to the employee.


Apply for your business vehicle finance online now.

Complete an Online Finance Application now, without obligation. Alternatively, phone 0800 300 500 to talk with one of our friendly specialists.