Business Vehicle & Ute Finance

Financing a vehicle for your business is more than just a loan—it's a strategic decision that impacts your cash flow and tax position. At Max Rich, we are specialists in commercial vehicle finance. We go beyond finding a low rate to ensure you have the right finance structure, like a Chattel Mortgage, to maximise the benefits for your Gold Coast business.

Business Car Loans & Vehicle Finance on the Gold Coast

Whether you need a new ute to service clients across the Gold Coast, a delivery van for your operations in Arundel, or a prestige vehicle for company use, we've got you covered. We understand that as a business owner, you're time-poor and need a fast, efficient process. We act as your expert partner, cutting through the paperwork and jargon to secure the right finance from a panel of specialist lenders, often with low-doc options for established ABN holders.

Our Fast-Track Process for Business Vehicle Finance

Our process is designed to get your business on the road as quickly as possible, with minimal interruption to your workday.

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1

Business Needs & Instant Quote

‍We start with a quick chat to understand your business, your ABN structure, and the vehicle you're purchasing to provide a tailored quote.

2

Simple Business Application

‍Our application is streamlined for business owners. We only ask for the essential information and have flexible documentation options available.

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3

Specialist Lender Matching

‍We compare offers from lenders who specialise in commercial vehicle finance to find you the most competitive rates and suitable product for your needs.

4

Rapid Approval for ABN Holders

‍We know business can't wait. We push for the fastest possible approval, often securing a decision on the same business day.

5

We Handle the Invoicing

‍Once approved, we liaise directly with the dealership or seller to obtain the invoice and prepare all the settlement documents for your review.

6

Settlement & Vehicle Delivery

‍We manage the final payment to the seller, so all that's left for you to do is take delivery of your new vehicle and put it straight to work.

Explore your loan options & their features.

We offer a range of smart finance structures for your business vehicle. A Chattel Mortgage is the most popular option for GST-registered businesses, allowing you to take ownership immediately and potentially claim the GST on the purchase price and depreciate the asset. A Finance Lease is a great rental agreement for a fixed term, offering lower monthly payments with the option to purchase at the end. We also have Low Doc Car Loan options for ABN holders who may not have up-to-date financials. Please consult your accountant to determine the best structure for your business.

Commercial hire purchase

A Commercial Hire Purchase (CHP) is a straightforward finance agreement where a lender purchases an asset on your behalf and hires it to your business for a fixed term. Your business has full use of the asset while making regular payments.

Chattel mortgage

Commonly used by business owners and operators for car and equipment finance.  With a chattel mortgage, the asset is owned by you from the outset and the loan agreement is secured by the asset.

Finance lease

A Finance Lease is a powerful tool for Gold Coast businesses to acquire essential vehicles or equipment without any upfront capital outlay. Under this arrangement, the financier purchases the asset on your behalf, and your business leases it from them for a fixed monthly rental payment over an agreed term.

Novated lease

A Novated Lease is one of the most tax-effective ways for salaried (PAYG) employees on the Gold Coast to finance and run a vehicle. It's a simple arrangement between you, your employer, and a financier, where your car payments and all running costs are bundled into one regular deduction from your pre-tax salary.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Balloon Payment Calculator

Use the balloon payment calculator to understand the impact that a balloon payment will have on your monthly loan repayments and the total amount of interest you’ll be required to pay.

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Car Loan Calculator

Find out how much your car loan repayments will be, and the total interest charged for the car loan.

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Loan Comparison Calculator

Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

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Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

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Frequently asked questions.

View our full FAQs
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Can I get a mortgage with bad credit?

While having bad credit can make it more challenging to secure a mortgage, it is not impossible. Some lenders specialize in offering loans to individuals with lower credit scores.

Options for Borrowers

Borrowers with bad credit may consider options such as FHA loans, which are designed for those with less-than-perfect credit. Additionally, improving credit scores before applying can increase the chances of approval.

Can you help me figure out my borrowing capacity?

Absolutely. Your borrowing capacity is a calculation of how much a lender will loan you based on your income, debts, and living expenses. While online calculators offer a rough estimate, we provide a far more accurate and reliable assessment. We will analyse your financial situation to give you a clear budget and help you secure a formal pre-approval, which is the green light you need to search for property with real confidence.

How long does it take to close?

The time it takes to close on a mortgage can vary, but it typically ranges from 30 to 45 days. Factors that can influence this timeline include the lender's processing speed, the complexity of the loan, and the responsiveness of all parties involved.

Tips for a Smooth Closing

To ensure a smooth closing process, maintain open communication with your lender and promptly provide any requested documentation.

How much can I borrow?

Your borrowing capacity depends on several factors, including your income, financial commitments, living expenses, and the size of your deposit. While online calculators provide a rough estimate, our detailed assessment provides a much more accurate figure. We do this as part of a formal pre-approval process, so you know exactly what your budget is before you start looking.

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How to apply for a mortgage?

Applying for a mortgage involves several steps. First, gather necessary documents such as proof of income, tax returns, and credit history. Next, research different lenders and mortgage products to find the best fit for your needs.

Steps to Follow

  1. Gather financial documents.
  2. Check your credit score.
  3. Shop around for lenders.
  4. Submit your application.

Following these steps can streamline the mortgage application process.

Should I use a bank or broker?

A bank can only offer you its own limited range of products. As your mortgage broker, we offer you a choice from over 60 different lenders. We work for you, not the banks. Our role is to understand your unique needs, compare the market to find a suitable loan, and manage the entire process from application to settlement, saving you time and stress.

Talk to us today about your options.

Let’s chat today and find the right solution for you. Whether you’re buying your first home, expanding your business, or upgrading your vehicle, Maxine and the Max Rich Brokerage team provide expert, obligation-free guidance across the Gold Coast, Logan, Brisbane, and the Scenic Rim, tailored to your goals.

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