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Business Car Loan

A car can be useful for all kinds of businesses. It could also be a great asset. So, if you’re looking to finance a vehicle for work, have a look at our flexible and competitive Business Car Loan.

Business loansRates on applicationLender updated 7 July 2026
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At a glance

Pricing
Rates on application
Loan size
$5,000 to no maximum
Upfront fee
$395
Monthly fee
$8

Fees

11 fees published, grouped by when they're charged.

  1. When you take it outUp to $9793 fees, each listed below
  2. While you hold it$8 a monthAccount Administration Fee
  3. When you close it or pay it offVariesEarly Termination Fee

When you take it out3

  • Dealer Origination Fee

    This fee covers the dealership’s cost of preparing your finance application on PowerTorque Finance’s behalf. The finance and insurance manager are responsible for explaining the different types of fi…

    $979
  • Establishment Fee

    The cost to set-up your approved loan is payable upon loan settlement and can be included within the amount financed. This is referred to in your contract as your Loan Account Establishment Fee.

    $395
  • Vehicle Security Registration Fee

    The cost of registering PowerTorque Finance’s security interest on your vehicle on the Australian Government’s Personal Property Securities Register. This is a national online register to help protec…

    $6

While you hold it1

  • Account Administration Fee

    A monthly fee for the management of your loan account.

    $8 a month

When you make a transaction2

  • Payment Method Fee – Other (includes BillPay, Cheque or Direct Deposit)

    This fee applies when a payment is made by BillPay, cheque, or direct deposit.You can avoid this fee by setting up a Direct Debit at the start of your loan, so you don’t pay fees on your regular repa…

    $3
  • Payment Method Fee- BPay

    This fee applies when a payment is made by BPay.You can avoid this fee by setting up a Direct Debit at the start of your loan, so you don’t pay fees on your regular repayments.

    $1.50

If a payment is late or fails2

  • Payment Dishonour Fee

    This fee applies if your Direct Debit or Cheque payment is dishonoured. You can avoid this fee by checking that your account has sufficient funds when payments are due to be debited.

    $3.25
  • Late Payment Fee

    This fee applies if you’re late or miss a repayment, and your account goes into arrears. PowerTorque Finance will contact you about the overdue amount, and this is mentioned in your loan contract as…

    $25 30 days after it's due

When particular things happen2

  • Account Payment Card Fee

    This fee applies for replacement; supplementary; or new payment cards when you switch from Direct Debit to another payment method after the loan start date. You can avoid this fee by setting up a Dir…

    $5
  • Information Request Fee

    This fee applies if you request contract documentation from PowerTorque Finance. You can avoid this fee by login into your PowerTorque Finance Account where you can view, download, and print your loa…

    $25

When you close it or pay it off1

  • Early Termination Fee

    Calculated as 30% of unearned interest assuming all repayments are made in accordance with the amount and frequency of repayments specified in your schedule. This fee applies if your loan is repaid b…

    Varies

Features

Extra repaymentsDigital banking
  • If your business is registered for GST, you can enjoy GST recovery and income tax deductions through depreciation.
  • You can tailor the term of your business vehicle loan to suit you.
  • Your choice of vehicle is not restricted to a certain make or model, so you can choose the car that’s right for you and your business.
  • A balloon is a final lump sum payment at the end of your car loan which may reduce your repayments over the life of your loan.

Eligibility and limits

  • Minimum age 18
  • Available to businesses
  • Amount from $5,000, no maximum
  • Minimum loan term 12 months
  • Maximum loan term 84 months

Published by PowerTorque Finance under the Consumer Data Right, last changed by them on 7 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.