Finance the Ride / Business finance
Do You Need a Deposit for a Low Doc Business Car Loan?
Introduction If you’re applying for a low doc business car loan, one of the most common questions is:Do I need to provide a deposit? While some lenders offer 100% finance, most low doc loans are easier to secure — and...
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Introduction
If you’re applying for a low doc business car loan, one of the most common questions is:
Do I need to provide a deposit?
While some lenders offer 100% finance, most low doc loans are easier to secure — and may come with better terms — when you contribute a deposit.
Why a Deposit Matters
✅ Reduces lender risk → You’re putting in your own money upfront
✅ Improves approval odds → Particularly if you have limited financial documents
✅ May unlock better rates → Lenders often offer better deals to lower-risk applicants
✅ Allows you to finance higher-value vehicles → Especially for newer businesses
How Much Deposit Is Typically Needed?
✅ Standard range → 10–20% of the vehicle’s value
✅ Higher-risk applicants (e.g., bad credit, very new ABNs) → May need 20–30%
✅ Some specialist lenders may offer no-deposit loans, but at higher rates
Case Study: Leo’s Mobile Locksmith Business
Leo wanted to finance a $40,000 van. With 12 months of bank statements but no full tax returns, his broker recommended a 20% deposit to strengthen the application. Leo contributed $8,000 upfront and secured competitive low doc loan terms.
Tips to Strengthen Your Application With or Without a Deposit
✅ With a deposit: Prepare full alternative documents (bank statements, BAS)
✅ Without a deposit: Work with a broker who can access specialist no-deposit lenders, but be ready for higher rates
✅ Save a deposit if possible — it gives you more options and negotiating power
Final Call to Action
Want to explore your low doc loan options — with or without a deposit?
✅ Check your eligibility in just 20 seconds — no commitments, no impact on your credit score.
Visit our Business Lending Hub here:
https://financetheride.com.au/pages/small-business-car-loans
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
About this guide. Written by the Finance the Ride team and last updated . It's general information for Australian borrowers, not financial advice, and doesn't take your circumstances into account. Finance the Ride is a referral service: we don't lend money or hold an Australian Credit Licence. About us