• The place to find the right expertise and make better decisions
  • Find the right expertise
Mikaela S.
Mikaela S.
Oxenford, QLD
2 Likes
0 Followers

Hi. I'm a fulltime nanny working for a family (not a company) and I'm trying to get a car loan. I've told that because I don't get payslips (I have an ABN) it is difficult for me to get a consumer loan. I was told to get advice about apply for a commerical loan? I'm not sure what to do as the car isn't for business use, it's for myself.

7 years ago

Responses

I may be able to help...but you will need to complete a full application of assets & liablities. I may also need bank statements, bas statements and tax returns.
If you hold an ABN you can apply for either commercial or personal car finance, whether you claim it or not is up to you and your accountant.
happy to have a chat on the phone first if you think thats more comfortable.

Hi Mikaela,
Lizzy is correct, you could apply for a commercial car loan and then use the car for personal use. If you have had your ABN for more than 2 years and you own a property you can self declare your income, assets and liabilities up to a $35,000 loan. Above that level, you would need to provide all of the usual evidence to qualify for a loan
Best of luck
Scott

Your Answer

If you wish to include a video or audio response, you can do this by including links to Youtube, Vimeo or SoundCloud (https://www.youtube.com/watch?v=xxxxxxxxxx OR https://vimeo.com/xxxxxxxxx)

<% error.message %>