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Self Employed & Low Doc

Self Employed Car Loans, Including Low Doc Options

Running your own business shouldn't make buying a car harder. We compare self employed and low doc car loans across a panel of 50+ Australian lenders, so sole traders, contractors, ABN holders and company directors can see what's realistic before applying.

50+ lenders compared, including specialist self employed lenders
Full doc and low doc options
Sole traders, contractors, partnerships and companies
60-second eligibility check before you apply
Check My Finance OptionsSpeak With A Broker

Why Self Employed Borrowers Use A Broker

Banks are set up around payslips. When your income comes through an ABN, a standard bank application can be slow, ask for documents you don't have ready, or not reflect how your business actually earns. A broker who works with self employed borrowers every day knows which lenders assess business income the way you earn it, and which paperwork each one needs.

Full Doc vs Low Doc Car Loans

Full Doc

  • Usually tax returns and notices of assessment for the last one or two years
  • Suits established businesses with up to date financials
  • Generally the widest choice of lenders

Low Doc

  • Designed for self employed borrowers whose tax returns are not yet lodged or don't reflect current income
  • Income can be verified with documents such as BAS statements, business bank statements or an accountant's declaration, depending on the lender
  • Lender criteria, loan amounts and pricing differ from full doc loans

Not sure which suits you? That is exactly what the eligibility check and a quick call with a broker are for.

What Lenders Typically Look At

  • How long your ABN has been registered (many lenders look for 6 to 12 months or more, depending on the lender)
  • Whether you are registered for GST
  • Recent BAS statements or business bank statements
  • An accountant's letter or declaration, for some low doc lenders
  • Your credit history and existing commitments
  • The vehicle, its age and whether it is for business or personal use

Requirements vary between lenders and are subject to each lender's criteria.

Who We Help

Sole traders

Tradies, consultants and contractors operating under their own ABN.

Company directors

Business owners paid through a Pty Ltd company.

Newer businesses

ABNs that are still building a trading history, subject to lender criteria.

Business vehicle buyers

Utes, vans and work vehicles used in the business. See business vehicle finance.

Private sale buyers

Buying from a private seller rather than a dealer. See private sale finance.

How It Works

01

Quick eligibility check

60 seconds online. No application, no credit hit.

02

A proper conversation

We listen to your goals, income and timeline.

03

Options on the table

We shortlist what fits from across our 50+ lender panel.

04

Your call

You decide if and when to proceed. We handle the rest.

Self Employed Car Loan FAQs

Yes. Many lenders on our panel assess self employed income, including sole traders, contractors and company directors. Approval is subject to each lender's criteria, your documentation and your circumstances.
A low doc car loan lets self employed borrowers verify income with alternative documents, such as BAS statements, business bank statements or an accountant's declaration, instead of full tax returns. Criteria and pricing vary between lenders.
It depends on the lender. Many look for 6 to 12 months or more, and some will consider newer ABNs depending on your circumstances. We can tell you which lenders suit your situation.
Usually photo ID, your ABN details, and either tax returns and notices of assessment (full doc) or recent BAS statements, business bank statements or an accountant's declaration (low doc). We'll confirm exactly what your chosen lender needs.
The eligibility check is not a credit application. A formal application and credit enquiry only happen with your consent if you decide to proceed.
Yes. Business vehicles can often be financed in the business name or your own name, depending on the lender and how the vehicle is used. Speak with your accountant about the tax treatment that suits you.

See What You Could Qualify For

Check My Finance OptionsSpeak With A Broker

Australian Credit Licence 541194. Lender panel varies. Credit criteria, fees and charges apply. T&Cs apply.