phone +64 450 639 587
email info@bkbrokers.com.au
phone +64 450 639 587
email info@bkbrokers.com.au
Equip your business with the vehicles it needs without tying up vital capital. B.K Brokers offers business vehicle loans that let you spread the cost of cars, vans, utes, or fleets over time, preserving your cash flow and often delivering tax benefits.
Discover the tailored financing structures we provide to suit how your business operates.
By using a vehicle loan, your business preserves cash that can be used for other needs or opportunities instead of being sunk into a depreciating asset. You still get to use the vehicle right away, and in many cases, the asset essentially “pays for itself” through increased business revenue or productivity.
There are significant tax advantages too – depending on the product, you can claim expenses like interest, depreciation, or lease payments against your income. And because the vehicle itself secures the loan, interest rates are generally lower than unsecured financing alternatives.
Your business borrows to purchase a vehicle and takes ownership immediately, while the lender secures the loan with a mortgage over the vehicle. You can finance up to 100% of the vehicle’s price (with an optional balloon payment to reduce monthly outlay).
Interest and depreciation are tax-deductible, and if your business is GST-registered, you may claim the GST on the purchase upfront on your next BAS.
Use-case: Ideal for businesses that want outright ownership of the vehicle from day one and to maximize tax benefits.
The lender (lessor) purchases the vehicle and leases it to your business (lessee) for a fixed term. Your business makes regular lease payments, which are typically fully tax-deductible as an operating expense.
At the end of the term, you usually have the option to pay a residual amount to take ownership, trade the vehicle in, or continue leasing.
Use-case: Suited for businesses that prefer to treat vehicle costs as ongoing expenses and might upgrade vehicles regularly without the hassle of ownership.
A hire purchase is a “lease-to-own” arrangement – the financier buys the vehicle, and you “hire” it over an agreed term, taking ownership after the final payment.
This option often allows flexibility in structuring deposits or final balloon payments. Like a chattel mortgage, interest charges are tax-deductible, and businesses on accrual-based GST accounting can claim the full GST from the purchase price upfront.
Use-case: Great for businesses that eventually want ownership of the asset, while spreading payments and potentially reducing upfront GST impact.
By using a vehicle loan, your business preserves cash that can be used for other needs or opportunities instead of being sunk into a depreciating asset. You still get to use the vehicle right away, and in many cases, the asset essentially “pays for itself” through increased business revenue or productivity.
There are significant tax advantages too – depending on the product, you can claim expenses like interest, depreciation, or lease payments against your income. And because the vehicle itself secures the loan, interest rates are generally lower than unsecured financing alternatives.
Drive Your Business Forward: Contact B.K Brokers today to discuss your needs and get a tailored vehicle loan solution that keeps your business moving.
We're Here to Help. Our dedicated team is committed to assisting you promptly. If you have any questions, comments, or concerns, please don't hesitate to get in touch with us
email info@bkbrokers.com phone +64 450 639 587
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