Drive Your Melbourne Business Forward with the Right Finance.

As a tradie, small business, or contractor in Melbourne, your vehicle is more than just transport; it’s the lifeline your livelihood depends on.

At LoanBrix, we understand the unique needs of sole traders, contractors, small businesses, and self-employed tradespeople. We specialise in connecting Melbourne tradies and businesses with competitive and sustainable car and ute finance solutions, supporting your business’ long-term growth.

Why choose LoanBrix for your tradie vehicle loan in Melbourne?

• Expert Melbourne Market Knowledge: We understand local demands for reliable utes, vans, and work vehicles.

• Specialist Sole Trader Finance: We navigate the specifics of ABN, BAS statements, and low-doc applications.

• Access to Competitive Rates: We work with a panel of over 50 lenders to find you great rates.

• Fast, Local Service: From application to settlement, we streamline the process so you can get on the road as soon as possible.

Need more than just a ute? We also offer Truck Finance and Equipment Finance for Melbourne businesses.

Securing the right finance for your work vehicle in Melbourne involves a few key steps. Whether you’re a carpenter in Coburg, an electrician in Essendon, or a plumber in Prahran, the right loan structure makes all the difference.

1. Understanding Tradie & Sole Trader Vehicle Loans

A tradie car loan is a finance solution designed for self-employed individuals and sole traders who use their vehicle primarily for business. The key requirements are having an active Australian Business Number (ABN) and intending to use the vehicle for work purposes at least 51% of the time. This structure allows you to potentially claim tax deductions on interest and running costs.

Is it right for you? If you’re a contractor, tradesperson, small business owner or sole proprietor who needs a reliable ute, van, or other work vehicle to operate, this finance is tailored for your situation. Contact us for personalised advice.

2. Choosing Your Finance Structure

For tradies, the most common and often most beneficial finance product is a Chattel Mortgage. This is a secured loan where the vehicle itself acts as collateral, typically resulting in lower interest rates. You take ownership of the vehicle from the start, and GST may only apply to the interest component, improving cash flow. We can also guide you on the benefits of a Commercial Hire Purchase (CHP) or explain the differences compared to a standard consumer loan or vehicle lease.

3. Gathering Your Documentation

Applying as a sole trader is straightforward. Having your documents ready speeds up the process:

• Your Australian Business Number (ABN) (registered for at least 6-12 months is ideal).

• Proof of business income (e.g., recent Business Activity Statements (BAS), tax returns, or bank statements).

• Proof of identity (Driver’s Licence, Medicare Card, Passport).

• Details of the vehicle you wish to purchase (new or used).

Low-Doc Trade Vehicle Finance for Melbourne Tradies

For newer businesses or those with less formal income records, we have experience with low-doc solutions to help you secure finance for trade vehicles.

At LoanBrix, we understand that as a busy contractor, your paperwork might take a backseat to your actual work.

We can often secure finance using only:

• Recent Bank Statements

• A Declaration of Income

• Proof of GST Registration

This allows you to secure that new HiLux or Transit van without waiting for your accountant to finish last year’s books.

4. Calculating Your Loan & Applying

Once you’re ready, our Melbourne-based specialists will guide you through the application process. We’ll handle the application, lender negotiation, and paperwork, aiming for a fast pre-approval to strengthen your position when you find your vehicle.