Commercial Vehicle Finance
Commercial Vehicle and Van Finance for Your Business
Van finance and commercial vehicle finance for the vans, utes, light trucks and fleet vehicles your business runs on, arranged through our lender panel. For how it all works, read our van and commercial vehicle finance guide.
Business-purpose finance only, arranged by an FBAA accredited broker.
Why Use Commercial Vehicle Finance for a Work Van or Ute?
Paying cash for a work vehicle ties up money the business may need elsewhere. Here is what finance changes.
Keep cash in the business
Finance spreads the cost of a van or ute over the term, so working capital stays free for wages, stock and fuel. Lower-cost items bought on their own may qualify for the $20,000 instant asset write-off, which the ATO's new legislation page (updated 27 August 2026) confirms is law and permanent from 1 July 2026 for businesses with aggregated turnover under $10 million, for each asset costing less than $20,000. Your accountant confirms what you can claim.
Vans and utes over 1 tonne skip the car limit
The car limit caps the cost you can depreciate on a car at $69,883 for 2026-27, and the GST credit at $6,353, per the ATO's car thresholds from 1 July (published 9 June 2026). Under the ATO's Purchasing a motor vehicle page (updated 3 June 2026), a car is a motor vehicle designed to carry a load of less than 1 tonne and fewer than 9 passengers, so a van or ute designed to carry 1 tonne or more is not a car and the limit does not cap it.
Pick a structure that fits
A chattel mortgage, a finance lease, a rental and hire purchase differ on who owns the vehicle, when GST comes back and how the finance sits in your accounts. Our chattel mortgage guide covers the structure where your business owns the van from day one, and the next section compares all of them.
Commercial Vehicle Loan Structures: Chattel Mortgage, Lease or Hire Purchase
Each structure handles ownership, GST and the end of the term differently. Select a structure to open it.
Your business borrows to buy the vehicle and owns it from settlement, and the lender takes security over it until the loan is repaid. An optional balloon lowers the regular repayments in exchange for a lump sum at the end. See how a chattel mortgage works.
The financier buys and owns the vehicle, and your business pays rentals for the term with a residual value set at the start. The GST comes back one-eleventh at a time with each rental.
The financier owns the vehicle and your business pays to use it, then returns, upgrades or extends at the end of the term. How it shows in your financial statements depends on the standards your business applies; your accountant confirms the accounting.
The financier owns the vehicle while your business pays instalments, and ownership passes to your business with the final payment. Our commercial hire purchase guide covers GST, tax and payout.
A full doc application uses tax returns and financial statements. A low doc application can rely on BAS, bank statements or an accountant's declaration where the lender's policy allows it. Our low doc asset finance guide explains the trade-offs.
Weighing them up? See chattel mortgage vs lease vs hire purchase compared for GST, tax and ownership side by side.
What Commercial Van Finance and Business Vehicle Finance Can Cover
Here is what business vehicle finance can cover, subject to each lender's policy on vehicle type, age and use.
Vans
Van finance for delivery, service, trade and refrigerated vans, new or used, financed in your business name. Start with van finance explained.
Utes
Single cab, dual cab and cab chassis utes for trades, farms and field work. Tradies can start at the Tradie Finance Hub.
Light trucks
Light trucks for delivery, removals and trade work, including tippers and pantechs. See our truck finance guide.
Fleet vehicles
Fleet financing from your second vehicle onwards, whether a few vans or a mixed fleet. Read the fleet finance guide.
Cars for business use
Need a car rather than a van or ute? Car finance for ABN holders has its own page: ABN car loans.
EVs and hybrids
Electric and hybrid vans and utes, financed on the same structures as any other work vehicle, subject to lender policy.
Fit-outs, racking and canopies
Racking, shelving, canopies and toolboxes can often be financed with the vehicle (broker-desk observation, October 2026).
Trailers and specialist vehicles
Trailers and vehicles with specialist bodies, such as refrigeration units or tipper trays. See truck and trailer finance.
Why Businesses Choose Switchboard for Company Vehicle Finance
Our lender panel, not one bank
We compare bank and non-bank lenders on our lender panel against your ABN, your documents and the vehicle. See how their rules differ in our non-bank lender policy matrix.
Full doc and low doc
We prepare full doc, low doc and property-backed applications, matched to what each lender's policy accepts.
Costs explained before you sign
We take you through the rate, fees, term and any balloon before you commit. Our guide to the real cost of a chattel mortgage shows what to compare.
Built for trades and transport
Tradies and transport operators have hubs of their own: the Tradie Finance Hub and the Truckie Finance Hub.
Business-purpose finance only
We arrange finance for business use only, as an FBAA accredited broker. More options for owners sit in the Business Owners Finance Hub.
Working with your accountant
Structure choice changes GST timing and deductions, so we line the finance up with your accountant's advice before you sign.
Can You Get Low Doc Van or Commercial Vehicle Finance Without Tax Returns?
Yes, if your business fits a lender's low doc policy. Instead of tax returns, lenders may accept BAS, business bank statements or an accountant's declaration of income.
Owning property and a longer ABN history widen the options. Each lender sets its own low doc limits, pricing and deposit rules, and every application is still assessed before approval.
What a low doc lender may ask for
- ABN and GST registration details
- Recent BAS or business bank statements
- An accountant's declaration, where the lender accepts one
- Details of any property you own
- The quote or invoice for the vehicle, with its age and type
Explore low doc asset finance for vehicles and equipment, or read what low doc lenders accept instead of tax returns.
Van Finance and Commercial Vehicle Finance FAQs
Yes, a van used more than 50% for business can be financed in your business or company name on a chattel mortgage, lease or hire purchase. Credit for a business purpose generally sits outside the National Credit Code, per ASIC's National Credit Code page (updated 1 August 2025). Each lender assesses your business, the van and your documents against its own credit policy, and policies on ABN age, deposit and documents differ, as our non-bank lender policy matrix shows.
Not if it was designed to carry a load of 1 tonne or more, or 9 or more passengers. The ATO treats a car as a motor vehicle designed to carry less than 1 tonne and fewer than 9 passengers, so a van or ute built for heavier loads can sit outside the car limit on depreciation and GST credits. Check the payload rating on the build plate with your accountant before you buy. If the vehicle is a car, our ABN car loans page covers your options.
Yes, many lenders will finance a used van from a dealer or a private seller, though a private sale usually needs extra checks (broker-desk observation, October 2026). Each lender sets its own limits on vehicle age, and a PPSR search shows whether another lender still holds security over the van before settlement. Our guide to financing used and aged equipment explains how lenders treat older assets.
Yes, you can finance several vans or utes one at a time or together, and some lenders offer a fleet facility with an approved limit you draw on as you add vehicles. Each lender also limits how much it will lend to one business, so a growing fleet may end up spread across more than one financier. Our fleet finance guide covers how lenders treat second and later vehicles.
Neither is better in every case; it depends on whether you want to own the vehicle and when you want GST and deductions to fall. Under a chattel mortgage your business owns the van or ute from settlement and generally claims the GST up front, while under a lease the financier owns it and the GST comes back with each rental. Your accountant confirms the tax position. To weigh them up, compare chattel mortgage, lease and hire purchase.
Often, yes, when the racking, shelving, canopy or fit-out is bought with the vehicle and is on the same invoice (broker-desk observation, October 2026). A lender may value a fit-out at less than it cost, so a heavily fitted van can need a deposit. Fit-outs added later can be financed on their own through equipment and asset finance.
Ready to Finance Your Next Van or Commercial Vehicle?
Tell us about the vehicle, your business and the documents you have. We will match you with lenders on our lender panel and talk through the structure before you apply.