Commercial Vehicle Loan
From a work truck breaking down to needing to expand your fleet with some new vans, there are lots of reasons you might be looking for a commercial vehicle loan.
Universal Finance specialises in finding commercial vehicle finance for our customers, no matter the size of their business or their financial situation. When you need a new vehicle, we can quickly find you a loan with the best possible interest rates, getting you on the road as soon as possible. Commercial vehicle finance is different to standard car loans, which is why it’s best to apply through a specialist like Universal Finance. We can even help if you have poor credit or defaults. Read on to find out more about financing a commercial vehicle.
A commercial auto loan for any work vehicle
All sorts of cars are used as commercial vehicles. But whatever kind of vehicle you need for work, we can find you a commercial auto loan that suits your needs.
Types of vehicles that are often used for commercial purposes include:
- Vans
- Light trucks
- Road trains
- Utes
- Cars used for business travel
- Taxis and vehicles used to carry passengers
It doesn’t matter what category your commercial vehicles come under, all you need to do is pick up the phone, and we’ll sort out your finance. Whether you are looking to buy one car or several vehicles to expand your operations, we can work out the best financing option for you.
THE BEST RATES ON COMMERCIAL CAR FINANCE
When you’re looking for commercial car finance, you want to be sure you’re getting the best possible deal. You’ll no doubt want to find a loan with the best interest rate, but this can be tricky if your financial history isn’t perfect.
Commercial vehicle loans can sometimes come with higher rates attached than a personal vehicle loan, especially if you are a new company or have a limited credit history, which can make lenders nervous and see you as a risk.
Apply through Universal Finance and we ensure you get a great deal on financing for your commercial vehicles.
Universal Finance has a panel of hundreds of potential lenders and the expertise to match you with the right lender and the lowest possible interest rate.This could potentially save you hundreds of dollars in the long term.
Shopping around for a loan can be annoying and time-consuming. As brokers, Universal Finance makes it easy. Just give us your details and we’ll do the searching for you. We commit to coming back to you with a quote as quickly as possible.
A commercial car loan without delay
We understand that when you need a commercial car loan, you need it without delay. If you have a shortage of vehicles, or your work vehicle is beyond repair, the last thing you want is to wait for weeks for the cash to replace it, losing out on work or disappointing your customers as a result.
You may also be eager to expand your business or increase capacity, but simply not be able to take on more work without expanding your commercial vehicle fleet.
Universal Finance has put together a streamlined application process that ensures your loan is settled as quickly as possible, so the money is available for you to buy the vehicle of your choice. You get behind the wheel much quicker, safe in the knowledge that you have the best deal.
FREQUENTLY ASKED QUESTIONS
What is a commercial vehicle loan?
A commercial vehicle loan is a type of vehicle financing that’s specifically for a car that you’re going to use for your business. A commercial vehicle loan can’t be used for a car you’ll be driving for personal reasons, or one that you’ll be using just to commute. If you’re unsure whether the vehicle you’re buying would be classed as a commercial vehicle, simply give us a call and we can clarify whether you can get this kind of loan.
What type of vehicles are considered a commercial vehicle?
Commercial vehicles don't have to come under a certain category, although they are often utes, trucks, or vans. But their purpose needs to be commercial. For example, they need to be used to transport goods or wares for your business or make deliveries. If they move passengers around, this needs to be for business purposes or to turn a profit – i.e. if you're running a taxi service. If you’re using the car to get to and from work, and for personal use, this is unlikely to count as a commercial vehicle.
What are the documents required for commercial vehicle loan?
Many commercial vehicle loan providers will ask for large amounts of paperwork, but Universal Finance has streamlined the process to make it as easy as possible. We will ask you to fill in a few simple forms, and you may need to send some ID documents, but rest assured, we’ll try to make this as easy as possible for you. We know there’s nothing worse than having to dig up old paperwork to get your loan, so we keep things to a minimum.
Is a car loan considered a commercial loan?
A car loan is considered a commercial loan if you’re using the car for business purposes only. For example, you’re taking out the loan to add some extra vans to your fleet or replacing a heavy goods vehicle. If you’re taking out a loan for a car that you’ll use mostly in your spare time, then you’ll need a standard car loan.
Contact Universal Finance today
It couldn’t be easier to apply for commercial vehicle finance.
Phone us on (03) 9088 8369 to get started. We’ll ask you some questions and find the best car loan for you.
Contact us online via this contact form with a few details and we’ll get back to you as soon as possible.