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Getting a Car Finance When Self-Employed

Self-employed individuals can take advantage of car loans for tax purposes. This can be for both chattel mortgages and finance leases. Talking with a car finance broker can help you better assess your situation so you’ll know which financing option is right for you. Check out this presentation to learn more.

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Getting a Car Finance When Self-Employed

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  1. Can I Get Car Finance if I’m Self-Employed?

  2. Self-employed people often take advantage of car loans for tax purposes. They are able to use the depreciation expenses on the purchase. As well, they can make tax deductions based on the interest expenses they’ve paid on the vehicle proportional to what they are actually using the car for. This is according to how much of that car usage is for business purposes. Individuals, sole trader ABN’s, partnerships and companies are all entities that can take out chattel mortgages or even finance leases.

  3. IN THIS VIDEO: Senior Asset Finance Broker Alex Qemal explains how self-employed people are able to get car finance.

  4. Your self-employment status is not a hindrance to getting a car loan. In fact, there are even some tax benefits you can take advantage of. Visit our website to talk to one of our brokers and get a better understanding of this type of car finance.

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