Car Finance that pays off down the road

Because for most medicos the car sits somewhere between personal and professional life, and the finance should reflect that. Lenders compete for medical clients, which shows up as sharper access and smoother approvals, and the structure you choose decides what can be claimed come tax time. We mention the tax angles so you know they exist, not as advice: the claim always depends on business use and your circumstances, and your accountant should make that call. Our job is to structure the loan so the option they recommend is actually available to you.

A chattel mortgage suits individuals, companies and trusts with an ABN: you own the car and the business-use share of interest, depreciation and running costs is where the claim sits. Under a lease the lender owns the vehicle and the repayment itself becomes the claim. Novated-style arrangements bring in a third party, your employer, who makes the repayments from your salary under a separate novation agreement, with responsibility for the loan and residual staying with you. A personal loan is the simple option where no ABN is required. Whether it is for work, family or the drive of a lifetime, we make finance the easy bit.

It depends on how the car is actually used. A vehicle owned by the practice entity generally aligns with a chattel mortgage or lease and business-use claims; a personal car for the school run and the hospital commute may be better kept simple. Getting this wrong is expensive to unwind, so we work through it with you and your accountant before the loan is structured, not after.

Chattel mortgage. You own the car. ABN required. Business-use share of interest, depreciation and running costs is claimable.
Lease. The lender owns the car. The monthly repayment is the claim, principal and interest together.
Novated lease. Three parties: you, the lender and your employer, who pays from your salary under a novation agreement. The loan and residual remain your responsibility.
Personal loan. No ABN needed. Simple ownership, simple repayments.
General information only, not tax or financial advice. Confirm the treatment for your situation with your accountant.

Car loans for doctors

From a first car as a registrar to a practice-owned vehicle as a principal, the structure question changes with your career stage. See everything we do for doctors at finance for doctors.

Car finance for dentists

Practice-owned vehicles are common for dentists, which puts the chattel mortgage versus lease question front and centre. See everything we do for dentists at finance for dentists.

Car finance for vets

Vets often need vehicles that work as hard as they do, including utes and mobile clinic setups, and the same structures apply. See everything we do for vets at finance for vets.

Plenty of our clients talk to us long before a loan exists: weighing a practice purchase, planning a fitout, or working out what their career unlocks. That early thinking costs nothing and is some of the most valuable work we do. And when you are ready to move, it runs like this:
1. Today: talk to a specialist. 15 minutes on the car, how it will be used and who should own it. No credit check, no cost.
2. Within 48 hours: your lending strategy. The structure, the lenders and the repayments, plus an introduction to an independent vehicle broker if you want help on the purchase price.
3. Pre-approval to purchase. Shop and negotiate with certainty, whether it is a new, demo or used car, from a dealership or a private sale.
4. Settlement and keys. We coordinate payout with the seller and lender, and stay your specialist for the upgrade and the loans that come after.