5* Year Vehicle Loans

*applicable to cars, caravans, motorhomes and motorbikes only, under 10 years old and above $20,000

Credit One logo

Home Car Finance Business Car Finance

Choose NZ's Best Rated Finance Broker

Over 200 Five Star reviews on Google

Car Chattel Mortgage hero banner

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:

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.

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.

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.

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.

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.

Calculators

What are my repayments?

How much can I borrow?

Calculated with the interest rate of 10.45%*

$142.12
Apply Online Now

Calculated with the interest rate of 10.45%*

$28,145.24
Apply Online Now

* The information which you calculate from this Calculator is intended for use by you as a guide only. See more in our Disclaimer.

It is not an offer and has no legal effect on any contracts entered into by you ‘ the client’. This simulation and the resulting calculations do not constitute a loan application or offer. The figures and formulae used within this calculator may change at any time without notice. Should you apply for any Credit One product, we will make our own calculations and we will not necessarily take your calculations into account. All Interest rates are displayed ‘are guides ONLY’, repayments as a result of this simulation have no legal offering.Credit One accepts no responsibility for any losses arising from any use of or reliance upon any calculations or conclusions reached using the calculator.Information provided on this calculator does not constitute an offer of finance. Any loan request is subject to assessment against normal lending criteria. Fees and charges may apply. This calculation does not take into account any fees, charges or government taxes which may apply to either the calculation of the loan amount or the monthly repayments, such as GST or Luxury Car Tax (where applicable).

Meet Our Partners

We are accredited with the most reputable lenders and insurers in New Zealand giving you a fair choice to compare.

Our Lenders

UDC Marac Finance Now Oxford Finance Avanti Finance Orix BNZ Get Capital Auto Finance Direct CFS Finance Broadlands Partner Finance Lease Autosure Go Cover Quest Insurance
Yellow stars from Feefo

Top notch

Very quick and hassle free process Graeham is the man to deal with very stress free.

Daniel

Feefo logo

Feefo 5 star rated company

Need a fast tailored approval?

Let us compare them for you

Our finance specialists work for you and will save you time and money by comparing 15 reputed lenders nationwide to get you best-rate finance.