1800 199 302
Sole Trader Car Loan — Finance Built Around How You Actually Work
Specialist car finance for sole traders. No tax returns. Pre-approval up to $250,000. Settled in days.
GET A FREE QUOTE CALL 1800 199 302
The sole trader problem with traditional car finance
Sole traders sit in an awkward position with most lenders. You’re not a big company with audited accounts. You’re not a PAYG employee with payslips. You’re a one-person business — you run everything, invoice everything, and get paid in ways that don’t always look neat on paper.
Banks respond to this by asking for documentation that takes months to pull together and often doesn’t reflect how your business is actually performing right now. Two years of tax returns. A profit and loss statement. Sometimes a letter from your accountant. All for a car loan.
CarFund is built for exactly this situation. We’ve been arranging car finance for sole traders across Australia for over 20 years, and we’ve designed our process around the reality of running a one-person business — not around what suits a bank’s credit committee.
What makes sole trader finance different at CarFund
No tax returns required up to $150,000
Our standard offering. We do not use tax returns to assess sole trader car loans under $150,000. Your ABN, asset position, and credit profile form the basis of the assessment.
ABN is your primary credential
If you hold a valid ABN and the vehicle will be used predominantly for business, you can apply. The length of your ABN history matters — a longer track record strengthens your application — but there is no blanket minimum.
Property ownership removes the deposit requirement
If you own property, you do not need a deposit. Non-property owners are assessed case by case and we have no-deposit options available depending on the overall profile.
Pre-approval before you find the car
We can arrange pre-approval up to $250,000 before you’ve identified a vehicle. This is especially useful for sole traders who need to move quickly on a private sale or auction purchase — you go in as a confirmed buyer, not someone waiting on finance.
Finance structures for sole traders
Chattel mortgage
The most tax-effective structure for a vehicle used predominantly for business. You own the vehicle from day one. If GST-registered, you claim the GST on the purchase price immediately at settlement. Interest repayments are tax deductible. Depreciation can be claimed. Balloon payment option available.
Consumer car loan
If your vehicle will be used for a mix of personal and business, or primarily personal, a consumer loan may be more appropriate. Less tax-advantaged but simpler in terms of documentation and structure.
CarFund will recommend the right product based on your situation during the quote process. Your accountant confirms which is most tax-effective for your business.
The numbers
| Loan range | $10,000 – $150,000 (no tax returns) |
| Pre-approval limit | Up to $250,000 |
| Loan term | 1 to 7 years |
| Balloon payment | Available |
| Deposit (property owner) | Not required |
| Quote response time | Within 30 minutes |
| Approval time | 24 hours |
| Settlement | 2–3 business days |
How we arrange your sole trader car loan
Step 1 — Quote (5 minutes)
Complete our online form or call 1800 199 302. We reply within 30 minutes — seven days a week.
Step 2 — Application (10 minutes)
One form, online or over the phone. No tax returns, no payslips for loans under $150,000.
Step 3 — Approval (24 hours)
Submitted to the right lender on our panel — including Macquarie Bank and Capital Finance — for a decision. Typically within 24 hours.
Step 4 — Settlement (2–3 days)
We pay the seller directly. Dealer, private sale, or auction — anywhere in Australia.
Frequently Asked Questions
Can I get a sole trader car loan with an ABN less than 12 months old?
Possibly, depending on your overall profile — particularly asset position. Speak to us directly and we’ll give you an honest answer before any formal application is submitted.
What vehicles can I finance as a sole trader?
Cars, utes, vans, SUVs — any vehicle used primarily for business. For trucks and equipment, our loan limits extend to $500,000 with no tax returns.
Do I need a separate business bank account?
No. Many sole traders operate from a personal account. This doesn’t affect your eligibility.
Can I include GST in the loan amount?
Yes — the full GST-inclusive price of the vehicle can be financed. If you’re GST-registered and using a chattel mortgage, you then claim the GST back at settlement on your next BAS.
Will this appear as a business loan or personal loan on my credit file?
A chattel mortgage is a commercial facility. A consumer car loan is a personal facility. The right structure depends on your situation — we’ll advise during the quote.
Does getting a quote affect my credit score?
No. Zero impact on your credit file until you formally proceed with a full application.
Ready to apply?
CarFund arranges sole trader car finance across all of Australia — entirely online and by phone. No branch visits. No unnecessary paperwork. No waiting weeks for a bank to make a decision.
ABN holder. Vehicle for business. That’s all we need to get started.
FREE QUOTE — ZERO CREDIT IMPACT →
Call 1800 199 302 — 7 days a week
Email enquiry@carfund.com.au — response within 30 minutes
CarFund.com.au | Sole trader finance specialists — 20+ years