Luxury Vehicle Finance

Luxury vehicle finance works the same way as standard vehicle finance, but lenders assess prestige vehicles differently based on their brand, model, age, and projected resale value. Business buyers typically use a chattel mortgage, which provides GST input credits and depreciation deductions. Personal buyers use a consumer secured loan with the vehicle as security. Loan terms range from three to seven years, and balloon or residual payments are common to keep monthly repayments lower.

The Luxury Car Tax (LCT) is a 33% federal tax applied to the portion of a vehicle's GST inclusive value that exceeds the ATO threshold. For the 2026–27 financial year, the threshold is $80,809 for standard vehicles and $91,661 for fuel efficient vehicles that consume 3.5 litres per 100km or less. The LCT is usually included in the drive away price and rolled into your finance amount. Any accessories or options fitted before delivery are included in the LCT calculation, which can push a vehicle over the threshold unexpectedly. Your accountant can advise on the specific tax treatment for your situation.

Yes. Private sales are common in the luxury market because sellers often achieve a better price than a dealer trade in. The finance process includes a PPSR check to confirm the vehicle has no existing encumbrances or write off history, a third party finance inspection to verify the VIN, engine number, and compliance plate against the registration documents, and direct payment from the lender to the seller on settlement day. We coordinate the entire process so you do not need to manage the paperwork between the seller and the lender.

Not necessarily. Many lenders offer 100% finance on luxury vehicles with no deposit required, particularly for borrowers with strong credit profiles and established businesses. A deposit can improve your rate or increase your borrowing capacity, but it is not a requirement for most approvals. We assess each file individually and recommend whether a deposit would materially improve your outcome.

Most luxury vehicle finance files sit between $80,000 and $250,000. Low doc finance is available up to $250,000 with most lenders, and some will extend to $300,000 for strong applicants. Above $250,000 the lender pool narrows and full financial documentation is typically required. We arrange finance up to and above $1 million for qualifying borrowers purchasing high value prestige and exotic vehicles.

Loan terms typically range from three to seven years. Newer vehicles generally qualify for longer terms and attract lower rates. Older prestige vehicles may be limited to shorter terms, particularly if the vehicle's age at the end of the loan exceeds the lender's maximum (usually 12 to 15 years from build date at end of term). We structure terms to balance your preferred repayment level with the vehicle's projected value at the end of the loan.

A balloon payment is a lump sum owed at the end of your loan term after all regular repayments have been made. It reduces your monthly repayments by deferring a portion of the principal to the final payment. Balloon payments work particularly well for luxury vehicles because prestige marques tend to hold their value better than standard cars. This means you can set a balloon that aligns with the vehicle's projected resale value, giving you the option to refinance, trade in, or sell the vehicle to clear the balance at the end of the term.

Yes. Low doc luxury vehicle finance is available for ABN holders who cannot provide full financial statements or tax returns. Most lenders offer low doc approvals up to $250,000 using minimal documentation such as a clean credit file, BAS statements, or recent bank statements. Some lenders require as little as a good existing finance reference and evidence of your ABN registration. Low doc rates are slightly higher than full doc rates, but the speed and simplicity of the approval process makes it the preferred option for many business owners.

Yes, provided the vehicle has been imported through the RAWS (Registered Automotive Workshop Scheme) process and has full compliance plates. Some lenders will not finance imports, and standard pricing guides like Glass's or Redbook may not have accurate data for grey import models. In these cases, the lender will usually require an independent valuation before approving the loan. We work with lenders who are experienced in financing imported prestige vehicles and understand how to assess their value correctly.

Yes. While most mainstream lenders cap vehicle age at 12 to 15 years at the end of the loan term, there are specialist lenders who will finance older prestige and collector vehicles based on their market value and condition rather than age alone. Classic Porsche 911s, older Ferraris, and certain Land Rover Defenders are examples of vehicles that appreciate or hold their value regardless of age. The rate may be higher than a standard approval, but the finance is available where a mainstream lender would decline.

Most luxury vehicle finance approvals are returned within 24 to 48 hours of submitting a complete application. For higher value files above $250,000, the assessment may take an additional day or two as lenders conduct more detailed credit analysis. If you need finance arranged quickly, let us know your timeframe and we will prioritise accordingly. Pre approval is also available and is valid for up to 90 days, giving you time to find the right vehicle and negotiate from a position of strength.

This depends on your financial situation and what your cash is doing elsewhere. If financing the vehicle at competitive rates allows you to keep your capital working in your business or invested at a higher return, the finance option often makes more sense than paying cash outright. Business buyers also benefit from tax deductions on interest, GST credits on the purchase, and depreciation claims that are not available when buying personally with cash. We recommend discussing the structuring options with your accountant to determine the most effective approach.

Yes. We can arrange pre approval before the auction so you know your exact borrowing limit, rate, and repayment structure before you start bidding. Most auction houses require payment within 24 to 48 hours of the sale, so having finance pre approved ensures you can settle within the required timeframe. Once you win the vehicle, send us the invoice and we coordinate settlement directly with the auction house.

Dealership finance is limited to the one or two lenders the dealership has a relationship with, which means you are comparing a very small portion of the market. A broker compares 50+ lenders and matches the specific vehicle you are buying to the lender whose credit policy, pricing, and approval criteria best suit your file. This typically results in a lower rate, better loan structure, and a smoother approval process. Dealership finance managers are also incentivised to sell finance products at the highest margin, not to find you the cheapest deal.

Yes. If your current loan was arranged at a higher rate, or your circumstances have changed since the original approval, refinancing can reduce your repayments and save you money over the remaining term. We assess your current loan, compare it against what is available in the market today, and only recommend refinancing if the savings are genuine after accounting for any early payout fees on your existing loan.