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*T&C apply. Students and visitor visas not eligible
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*T&C apply. Students and visitor visas not eligible
Chattel Mortgage &
Car Lease Loans
Ideal for self-employed or small business owners looking for new or second-hand vehicles.
Commercial
Equipment Loans
Ideal for businesses looking to finance new or used commercial vehicles, machinery, or plant assets.
Business
Cash Flow Loans
Ideal for businesses looking for an unsecured business loan that does not require any collateral.
Your instant asset write-off questions answered
What is the instant $150,000 asset write off and when is the deadline?
The $150,000 Instant Asset Write-Off provides businesses with an asset write-off. Unlike normal tax-deductibility of assets, which takes place over a number of years, the process is accelerated so that the full depreciation is applied in the same tax year as the asset was purchased and began to be used. Assets must cost less than the instant asset write-off threshold and be purchased and used in the year that the write-off is claimed. The deadline is the 30th of June.
Can a sole trader claim the instant asset write-off?
Yes, sole traders may be eligible to claim the instant asset write-off, provided they qualify as an eligible business. Businesses with an aggregated turnover of up to $5 billion may be eligible. For businesses with an aggregated turnover of less than $50 million, the full cost of all eligible secondhand assets may also be claimed.
What vehicles qualify for instant asset write-off?
Cars that can carry less than a tonne or seat fewer than nine people the effective dollar limit is $59,136 for the 2020–21 income year and $60,733 for the 2021–22 income year. If the asset is a vehicle that can carry more than a tonne or seat nine people or more, the limit is back to that $150,000 notional ceiling. Instant asset write-off can be used for multiple assets (including new and second-hand assets). Any motor vehicle, regardless of its capacity, that costs over $150,000 is ineligible for the scheme.
We have two secrets to easy finance; First, we skip broker's guesswork with our multi-award-winning finance software, ZINK to find you exactly what you need. Second, we have partnered with more than 40 DIFFERENT LENDERS to expand your loan possibilities to their max!
We skip broker's guesswork with our multi-award-winning finance software, ZINK. Additionally, we have partnered with more than 40 DIFFERENT LENDERS to expand your loan possibilities to its max!
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We are the largest privately-owned finance brokerage and aggregation business in Australia. Through our multi-award-winning fintech software ZINK, we qualify online car finance applicants and search for loans from a panel of 40+ lenders to find the right product. Our team of more than 150 asset finance brokers around Australia work on the applications until settlement, guiding our customers and answering their questions through the whole process.
We are a multi-award-winning independent finance group that believes in helping people achieve their dream or goal with a holistic finance solution. Whereas a bank offers you a fixed solution with a single lender, we compare within a panel of 40+ lenders to find the best car finance rates for your specific circumstances. Once you're matched with a lender, you're assigned to a professional car finance broker from a team of more than 150 asset finance brokers around the country. Additionally, we can find Australiawide the right vehicle for you through our vehicle solutions partner Drive.
Our car finance interest rates can vary depending on the age of the asset you are buying, your credit file, credit score, assets and liabilities. Our rates start as low as 4.69%* for new vehicles for business and consumers.
* based on a commercial contract for a new vehicle with specific criteria.
Not necessarily. If you wish, you can source your own car. But if you wish, we offer a holistic solution; from sourcing a vehicle to new and used car finance at the most competitive rates and specs, through our vehicle solutions partner Drive.
To qualify for finance you need to:
*We may be able to help if you have a visa with more than 2 years remaining.
**Min 1-month permanent employment (full or part-time) with continuation of the same industry (probation periods may be considered) - Or 6 months casual employment.
*** We may be able to help if you are employed full time and more than half of your bankruptcy period has passed.
Making an application is quick and easy. You just need to have the following documents ready to give to your broker:
Not if you are currently in bankruptcy or a Part 9 or 10 debt agreement. However, if you are discharged or more than half of your bankruptcy period has passed we can be able to assist you. Click here for an assessment that will not damage your credit score or call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution.
Yes, you can. If you are self-employed, you can borrow 100% of your car's purchase value and include extras such as insurance and extended warranties.
The entire process, from completing our application form to approval, and your chosen seller receiving funds in their bank account, can be done as quickly as only a few hours. However, consider actual turnaround times will vary significantly depending on many factors; lender turnaround times, contactability of the applicant, strength of the applicant's profile, gathering the required documents, additional information required by the lender, etc.
Our online application takes 2 minutes to fill out, once completed our call centre calls you within the next 24 hours to pre-approve you and transfer you to an assigned broker. Once the documents are gathered and the broker submits the application to the lender, approval can take from 2 hours.
Yes, you can get approved for a bad credit car loan. At Ausloans we believe in assessing your circumstances and finding a solution that best suits you, so if you have bad credit or you are currently on Centrelink we might be able to help you. To help bad credit car finance applicants or Centrelink car loan applicants, we created 1800Approved; an established car finance brand specialising in credit rehabilitation for mid and subprime lending for both consumer and commercial applicants. We do this with the help of our 40+ lender portfolio, so give us a call or click here for an assessment that will not damage your credit score.
At Ausloans, unlike a bank, we do not leave an impression on your file as part of our assessment so it will not show on your credit file as a “declined” if your application is unsuccessful. But be aware that more than 6 enquiries in a 12-month period may affect your application for finance.
The short answer is yes, if your repayments are 14 days overdue or more then this will most likely be recorded on your credit score.
Yes! Many of our loans give you the option to pay your loan off before the term is up. Speak to one of our financial professionals to tailor a solution for you.
A balloon payment allows you to reduce your repayments during the car loan term by making a one-off lump sum payment at the end of your loan. For example, if you were to take a $30,000 loan over five years with a 30% balloon, your regular repayments at a comparison rate of 8.10% would drop from $609.73 per month to $467.24 per month with the addition of a $9,000 lump sum payment due with your final payment. Balloon payments are available for cars that are up to five years of age. We will contact you within the last six months of your loan term to discuss your payment options. Your payment options could include refinancing the balloon amount in a new car loan. Alternatively, you could pay this balloon payment from your own funds.
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Ausloans Finance Group is a member of the Finance Brokers Association of Australia (FBAA), Credit Ombudsman Services Limited (COSL) and the Franchise Council of Australia (FCA). Ausloans Finance Group entered the market in 2009 and has grown to 3 brands within the group to offer consumers, brokers, dealerships and other businesses a holistic approach to financing.
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