We understand business car finance
Our business car loans, known as chattel mortgages, are designed to tick all the boxes for small businesses, partnerships and sole traders. We finance many different makes and models through an extensive network of dealerships which offer Power Alliance Finance, so all you have to worry about is choosing the right car!
Transparent
Using our sophisticated algorithm, along with your credit score and other relevant factors determined by us, we create your customised interest rate. We then lock it in for the duration of your loan so your repayments will never be a surprise.
Flexible
You have the option of a balloon payment to help with your cash flow, as well as a choice of loan terms from 1 – 7 years. We have repayment schedules ranging from weekly to monthly and even allow you to make additional repayments subject to an early termination fee.
Great for Tax
With our business car loans you could minimise your tax by claiming tax deductions on interest and the depreciation of your car.
All yours
Your business owns the vehicle, so it remains an asset even while you’re paying it off.
Features + Benefits
Business Car Loans
Need a new or used car for your business? Our flexible business car loans, sometimes known as a chattel mortgage, are perfect for your small business, partnership or for you sole traders. Here’s why:
- Keep your car as an asset of your business while you’re paying it off
- Lock in a fixed interest rate so you always know the amount of your monthly loan repayments
- Choose any loan term from 1 to 7 years
- You could claim tax deductions on interest and depreciation of your car
- You could protect your cash flow with balloon payments, where you pay smaller amounts at the beginning and a lump sum at the end