ABN Vehicle Finance Melbourne

If you hold an Australian Business Number, you may be eligible for vehicle finance products that offer significant tax advantages over standard consumer loans. At Progressive Vans, we offer specialist ABN vehicle finance options through a panel of commercial lenders who understand the needs of business operators and self-employed individuals.

Benefits of ABN Vehicle Finance

GST input tax credit — if your business is registered for GST, you may be able to claim the GST component of the vehicle purchase price as an input tax credit
Interest deductions — interest paid on a chattel mortgage or commercial hire purchase may be tax-deductible as a business expense
Depreciation claims — you may be able to claim depreciation on the vehicle as a business asset
Instant asset write-off — eligible businesses may be able to claim an immediate deduction for the full cost of the vehicle under the instant asset write-off provisions (subject to ATO rules and thresholds)

Tax benefits vary depending on your business structure, GST registration status, and how the vehicle is used. We recommend consulting your accountant to understand the specific benefits available to your situation.

Finance Products for ABN Holders

Chattel Mortgage

The most popular choice for ABN holders. You own the vehicle from day one, with the lender holding a mortgage as security. Claim the GST upfront, deduct interest, and claim depreciation.

Finance Lease

Lease payments may be fully tax-deductible as a business expense. Lower monthly repayments with a residual at the end of the term.

Low Doc Options for ABN Holders

If you’re self-employed or have variable income, low doc finance options are available that don’t require traditional payslips or tax returns. Visit our self-employed vehicle finance page for more information.

Browse Our Commercial Vehicle Stock

Ready to find your next vehicle? Browse our used vans and commercial vehicles for sale in Melbourne, or contact our sales team to discuss your requirements.

Get an ABN Finance Quote Today

Contact the Progressive Vans finance team today to discuss your ABN finance options. We’ll find the right product for your business and get your application moving quickly.

Progressive Vans — Melbourne’s ABN vehicle finance specialists.