As a tradie, your vehicle is more than just transport โ itโs your mobile office, tool shed, and lifeline to every job site. Whether you're a carpenter, tiler, electrician, landscaper, or jack-of-all-trades, there are car finance options specifically built for your lifestyle and income structure.
Letโs explore how tradespeople across Australia can get approved for low-rate car finance โ even if youโre self-employed or running your own business.
Why Lenders Work Well with Tradies
Even if your income isnโt consistent week-to-week, lenders understand that tradies have strong earning potential โ especially when backed by regular contracts, invoices, or BAS statements.
Hereโs what works in your favour:
-
โ ABN or sole trader status accepted by many lenders
-
โ High demand for trades = stable income outlook
-
โ Most tradies are eligible for business-use finance options
-
โ Vehicles used for work may qualify for tax benefits
Even if youโve only been self-employed for 6โ12 months, you may still be eligible with the right documentation.
Car Loan Options That Suit Tradies
Your vehicle needs may be different to the average driver โ think utes, vans, toolboxes, dual cabs, and trailers. Here are loan types commonly used by tradies:
| Loan Type | Why It Works for Tradies |
|---|---|
| Secured Car Loan | Lower rates for newer work-ready vehicles |
| Low Doc Loan | Perfect if your paperwork is light or still building financial history |
| Chattel Mortgage | Designed for business-use vehicles and offers potential tax benefits |
| No-Deposit Loan | Handy when you need the vehicle but want to keep cash in the business |
These loans are available to both new and used vehicles โ including work-ready models.
What Youโll Need to Apply
Your documentation depends on whether youโre PAYG or self-employed:
If PAYG:
-
๐ Two recent payslips
-
๐ Driverโs licence and photo ID
-
๐ 90-day bank statements
If self-employed (ABN):
-
๐ ABN and GST registration (if applicable)
-
๐ BAS, business bank statements, or recent tax return
-
๐ Invoices or contract history (optional but helpful)
Most brokers and lenders can package this up to match their requirements and get you approved quickly.
Finance Built for Tools, Trade & Travel
As a tradie, you rely on your vehicle daily โ and now itโs time to rely on finance that suits your business. Whether itโs a ute upgrade or a second van for your team, tradies across Australia are getting approved fast thanks to flexible loan options designed with you in mind.
๐ Get started with low-rate car loans
ย
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.
