Business car Finance

Your business success is our success

Whether you’re a sole trader or large company, business vehicle finance with Volkswagen Financial Services is easy. We’ll help tailor your vehicle finance to suit your needs so the best business outcome is achieved at a competitive price¹.

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Flexible business finance options²

Volkswagen Financial Services has a range of tax-effective solutions to help with your business: Chattel Mortgage or Finance Lease. See the below table to see what’s included.

	Chattel Mortgage	Finance Lease
Deposit	+
Residual or balloon payment at the end of the term	+	+
Tax-deductible repayments		+
Tax-deductible depreciation	+
Tax-deductible interest	+
GST is payable on the cost of the asset	+
GST is payable on the repayments		+

The difference between
financing vs leasing for businesses

Financing

Buying a car is a significant expense, and repayments are not usually tax deductible, which can make financing a new vehicle more expensive in the short-term.

However, buying a car has several benefits that leasing doesn’t offer – most obviously being that you ultimately end up owning a long-term asset. And while your loan repayments may not be tax deductible, interest repayments qualify as business expenses.

Additionally, petrol, mileage and maintenance expenses can be written off, and insurance and liability costs are typically cheaper on vehicles owned by your business.

Leasing

Most business owners prefer to lease their vehicles, and it’s easy to see why. Lease repayments are usually less than monthly loan repayments and are tax deductible.

This means that in the short term, leasing a vehicle is a more affordable option, and it gives business owners the freedom to upgrade their vehicle to a newer model at the end of their lease term if they choose.

It is however worth noting that while the monthly payments may be more affordable, they don’t add up to an asset for your business.

It’s well worth doing a cost-benefit analysis before you commit either way, taking note of the car’s total cost over the car loan or lease term including:

Monthly payments, including interest
Anticipated mileage
Maintenance, fuel, insurance, parking and other related costs
The value of the car at the end of the lease vs. the ownership period.

Your benefits

No annual charges or account keeping fees.
Option to bundle your registration, Compulsory Third Party insurance (CTP), comprehensive insurance and on-road costs with your monthly payments.
Monthly repayments reduced by adding a balloon payment at the end of your loan or paying a deposit.
Flexible payment options that suit your business cash flow: weekly, fortnightly or monthly by direct debit or BPAY.

Online finance pre-approvals without any commitments

Tip: Our calculator lets you see how much your repayments might be.

01 Choose and build your dream vehicle

02 Click to apply for finance and tailor your loan to suit your lifestyle

03 Submit your application

Choose and build your vehicle now