Business car finance for Central QLD
Finance your business vehicle the smart way. Chattel mortgage, commercial hire purchase, and novated leases with full tax advantages. Mining contractors, farmers, and regional businesses—we understand your industry.
Tax Advantages
Why business car finance makes sense
Structure your vehicle purchase for maximum tax efficiency.
GST Credits
Claim back the GST on your vehicle purchase (1/11th of GST-inclusive price).
$60k ute = ~$5,400 GST credit
Depreciation
Claim depreciation on the vehicle over its effective life as a tax deduction.
Reduces taxable income
Interest Deduction
Interest paid on business car finance is tax deductible.
Lowers effective interest rate
Running Costs
Fuel, insurance, servicing, and running costs are all deductible for business use.
Ongoing tax savings
Important: Tax benefits depend on your individual circumstances and business structure. We always recommend discussing with your accountant to understand the specific benefits for your situation. We can explain how each finance structure works, but we're not tax advisors.
Finance Options
Business car finance structures explained
Each option has different benefits. Here's how they compare.
Chattel Mortgage
You own the car from day one. Most popular choice for ABN holders.
Best for: Mining contractors & ABN holders
Commercial Hire Purchase
Hire with intention to purchase. Similar benefits to chattel mortgage.
Best for: Companies & farming businesses
Novated Lease
Salary package your car through your employer. Pay with pre-tax dollars.
Best for: Mine site employees with packaging
| Feature | Chattel Mortgage | Hire Purchase | Novated Lease |
|---|---|---|---|
| Ownership | Immediate | At end of term | Optional at end |
| GST Credits | ✓ Yes | ✓ Yes | Via employer |
| Depreciation | ✓ Claimable | ✓ Claimable | N/A |
| Interest Deductible | ✓ Yes | ✓ Yes | Included in package |
| Balloon Option | ✓ Available | ✓ Available | ✓ Residual |
| Best For | Contractors, ABN holders | Companies, farmers | Mine site employees |
Who We Help
Business car finance for Central Queensland
From sole traders to mining companies, we have finance options for CQ businesses.
Mining Contractors
Bowen Basin & CQ mines
Farmers & Graziers
Cattle, cropping & horticulture
Sole Traders
ABN holders working for themselves
Earthmoving
Civil & construction contractors
Pty Ltd Companies
Registered company vehicles
Transport Operators
Trucking & logistics
Trade Businesses
Plumbers, electricians, builders
Small Fleets
Multiple vehicle businesses
The Process
How business car finance works
Simple steps to get your business vehicle financed.
Tell Us Your Needs
What vehicle? What business structure? We'll discuss your situation and industry.
We Explain Options
Chattel mortgage vs hire purchase vs lease - we'll explain what suits your business.
Get Approved
We submit to our lender panel including mining and rural specialists.
Settle & Drive
We handle the paperwork. You pick up your vehicle and get back to work.
Common Questions
Business car finance FAQs
Answers to questions Central Queensland business owners ask most often.
Can mining contractors get business car finance in Central Queensland?
Yes, we regularly finance vehicles for mining contractors across the Bowen Basin and CQ region. Many of our lenders understand the mining industry's contract-based work and FIFO patterns. We can structure finance around your roster and contract terms. Whether you're buying a work ute, LandCruiser, or family car, we have lenders who specialise in mining contractor finance.
What is chattel mortgage and why is it popular for Central Queensland businesses?
A chattel mortgage is a business loan where you own the vehicle from day one while making repayments. It's the most popular structure for ABN holders because you can claim GST credits on the purchase, claim depreciation as a tax deduction, and interest is tax deductible. For CQ businesses running utes and work vehicles, these tax benefits add up significantly over time.
Can farmers get vehicle finance for farm utes and machinery?
Absolutely. We work with rural lenders who understand seasonal income and agricultural business cycles. Whether you're in the cattle industry around Rockhampton, cropping near Emerald, or horticulture around Bundaberg, we can structure finance to suit farm cash flow. This includes utes, single cab trays, 4WDs, and even farm machinery in some cases.
Can I get business car finance with a new ABN in Central Queensland?
Yes, we work with lenders who finance new ABN holders. While some lenders require 2+ years trading history, others will consider businesses from 6-12 months old with appropriate documentation. New businesses may need to provide BAS statements, bank statements, or a letter from their accountant. Mining contractors starting out can often qualify with a contract letter.
What documents do I need for business car finance?
Typical requirements include: ABN registration, 2 years of tax returns or financials (some lenders accept less), recent BAS statements, 3-6 months of business bank statements, and ID. Mining contractors may need their contract or roster confirmation. Farmers may need production records or livestock certificates. We'll tell you exactly what's needed for your situation.
Can I finance a fleet of vehicles for my Central Queensland business?
Yes, we arrange fleet finance for businesses buying multiple vehicles. This is common for mining support companies, earthmoving contractors, and larger farming operations across CQ. Fleet finance often comes with streamlined approvals and potentially better rates. We can structure the finance to suit your cash flow and depreciation needs.
What's a balloon payment and should I use one?
A balloon payment (or residual) is a larger final payment at the end of your loan term. It lowers your monthly repayments during the loan. It's useful for mining contractors who want lower payments during their contract, or farmers managing seasonal cash flow. It's also common if you plan to trade the vehicle at the end. We'll help you decide if a balloon suits your situation.
How quickly can I get approved for business car finance in Rockhampton or Mackay?
For straightforward applications with complete documentation, we can often get pre-approval within 24-48 hours. Some lenders offer same-day approval for strong applicants. Complex applications or those requiring additional documentation may take 3-5 business days. We service all of Central Queensland including Rockhampton, Mackay, Gladstone, Emerald, and regional areas.
Get Started
Get your business car finance quote
Tell us about your business and the vehicle you're looking for. We'll explain your options and find you competitive rates from lenders who understand CQ industries.
Business finance enquiry
Tell us about your business and vehicle needs.
