On Road Finance rewarded for a fantastic year

On Road Finance has scored a big win at Optimise Aggregation’s 2025 conference and awards gala, taking home the Best Individual Brokerage award for NSW/ACT. The event brought together brokers, lenders and industry professionals from across Australia to recognise achievements in the asset finance sector.

On Road Finance Managing Director Joseph Diodati said: “It’s fantastic to be recognised for all the hard work we put in during 2025. At On Road Finance, our focus is our customers, and this award is a reflection of the level of service we deliver. We don’t worry about advertising as the majority of our customers come from referrals, which is the best marketing you can get.

“Being part of the Optimise network is key for On Road Finance. It gives us access to a huge panel of lenders and the tools we need to take a customer’s initial enquiry all the way through to settlement.

“In 2025, we financed vehicles and equipment for all types of customers, from tradies buying brand new utes and used excavators to grow their businesses, to families and first-time buyers purchasing a new car.”

Want to get finance from an award-winning broker? Connect with On Road Finance today.

If you run a small business or operate as a sole trader in Australia, having the right vehicle is essential. Whether you need a ute, van, or work car, the ability to finance that vehicle through your ABN can help manage cash flow, reduce upfront costs, and unlock tax benefits.

At On Road Finance, we help small business owners and self-employed Australians get fast, flexible access to vehicle finance. Based in Sydney and operating nationally, we make the process clear and straightforward — even if you’re new to ABN finance.

Here’s what you need to know before applying.

What Is ABN Vehicle Finance?

ABN vehicle finance is a loan specifically tailored for people who use their vehicle for business purposes. You will need to have an active Australian Business Number (ABN), and most lenders require that the vehicle be used at least 50% of the time for business-related tasks.

This type of finance is ideal for:

• Tradespeople
• Mobile service providers
• Delivery drivers
• Construction workers
• Freelancers or contractors

On Road Finance works with a wide range of lenders to help ABN holders secure loans for new and used vehicles, including cars, utes, vans, and light trucks.

Types of ABN Vehicle Finance

There are several options available for small businesses and sole traders:

1. Chattel Mortgage

This is the most common type of ABN vehicle finance. The vehicle is owned by you or your business from the start, and the loan is secured against it. Chattel mortgages often come with competitive rates and flexible terms.

Key benefits include:

• Potential GST and tax deductions
• Full ownership of the asset
• Balloon payment options for lower monthly repayments

2. Finance Lease

In this arrangement, the lender owns the vehicle and leases it to you. You make regular payments, and at the end of the term, you can buy the vehicle, upgrade, or return it.

It’s suitable for businesses that want flexibility or want to keep vehicles off the balance sheet.

3. Low Doc Loans

If you’re newly self-employed or don’t have full financial statements, a low doc loan may be an option. These loans require less paperwork and can be a good fit for ABN holders with irregular income or limited financial history.

On Road Finance can help assess whether you qualify for a low doc loan and guide you through the process.

What Do You Need to Apply?

Lenders usually ask for:

• A valid ABN (active for at least 6–12 months, depending on the lender)
• Proof the vehicle will be used primarily for business
• Basic business documents (e.g. bank statements, BAS, or tax returns)
• Personal ID and credit information

If you have been trading for less than 12 months or have limited documentation, speak with On Road Finance — we know which lenders are most flexible with new ABNs.

Advantages of ABN Vehicle Finance

1. Tax Benefits

If the vehicle is used for business purposes, you may be eligible to claim GST, depreciation, and interest costs. Always check with your accountant or tax advisor, but many business owners find this is a major advantage.

2. Preserve Cash Flow

Vehicle finance allows you to preserve working capital for other parts of the business, such as tools, marketing, or wages.

3. Access to Better Vehicles

By financing rather than paying cash upfront, you may be able to afford a newer or more reliable vehicle that improves your image or efficiency.

4. Build Business Credit

Successfully managing an ABN loan can help establish a positive credit history for your business, which is useful for future borrowing.

Why Choose On Road Finance?

With over 7 years of industry experience, On Road Finance specialises in helping small business owners and ABN holders secure tailored vehicle finance. We understand the needs of tradies, contractors, and business operators who need their vehicles to keep moving.

We offer:

• Access to a wide lender panel
• Fast approvals, often within 48 hours
• Flexible documentation options
• Balloon and lease options
• Dedicated online service, Australia-wide

Whether you are buying your first work ute or upgrading your fleet, we are here to support you every step of the way.

Get Started with On Road Finance

If you have an ABN and need a vehicle for your business, On Road Finance can help you get it faster — and with a finance structure that works for you.

Visit onroadfinance.com.au to learn more or head to our contact page to speak with an expert about your options.

“We will supercharge the instant asset write off so businesses can immediately make new purchases of up to $150,000 and reap the rewards ” – Prime Minister Scott Morrison.

The federal government recently announced a new and improved instant asset write-off initiative due to the economic impact of the Coronavirus. It’s bigger and better than last financial year and now is the time to take advantage of it!

What Is The Instant Asset Write Off?

The instant asset write-off is a deduction that small and medium businesses can use to instantly write off assets purchased up to a set value.

This means, that instead of the asset depreciating over time and claiming a portion of the original expense over multiple years, businesses can now claim the entire expense in the financial year the asset was purchased.

What Has Changed?

The government has introduced two main changes to the instant asset write-off conditions in order to boost and stimulate the economy.

1. Eligible businesses must not have an annual turnover of over $500 million. Previously the instant asset write-off was only available to businesses with a turnover of up to $50 million.
2. Assets valued up to $150,000 (ex GST) can now be depreciated instantly under the new scheme. Previously the value of the asset could not be over $30,000.

If you are a small or medium business, you can claim an instant write-off for any single business asset less than $150,000 (ex GST) and this applied on a per asset basis, so eligible businesses can instantly write-off multiple assets. The purchases must be made between 12^th of March 2020 and 30^th June 2020. The threshold applies to both new and used business equipment, which means as you claim the whole expense that financial year, thus lowering your taxable income. WIN WIN!

What Assets Can Be Written Off?

Any business asset worth less than $150k, including:

• Vehicles such as cars, vans and trucks
• Farm equipment
• Heavy machinery
• Tools
• Computers, electronics and phones
• Much more! If it’s predominately for business use, it can be written off.

Contact Us For Finance

Here are On Road Finance, we have access to over 30 credit providers and although rules and guidelines have changed over the past few weeks, our team of finance brokers are confident we can still assist you with your business needs.

$150k is a large investment from a cash flow point of view, so why not let On Road Finance do all the legwork for your business so you can take advantage of this great initiative.

To apply for a commercial loan today, please submit an online finance application or contact our team of brokers on 1300 518 580.

An important step in building a successful business is ensuring you have the right tools and equipment to support your day to day operations. Whether you’re setting up a new business venture or growing an existing business, getting the foundations right is of extreme importance.

From the 2nd of April 2019, the instant asset write-off threshold was increased to $30,000 by the Australian government. It was increased from $20,000 and the change will apply until the 30th of June 2020.

Your business may experience challenges in managing cash flow when upgrading or replacing a depreciable business asset, which is why it’s important to understand the impact of this $30,000 small business stimulus package for business vehicles, plant and equipment purchases.

Small and medium businesses may be eligible to claim an immediate tax deduction on certain assets costing less than $30,000 each. If it’s time to upgrade your existing business vehicle, plant or equipment, you may be eligible for an upfront 100% tax deduction.

Are you eligible?

As of today, to be eligible for the small business stimulus package, your business must meet the following requirements:

• Must have an active ABN
• Your business must be earning an aggregated annual turnover of less than $50 million.

What type of asset can you purchase?

Vehicles and equipment, both new and used, which are purchased for commercial purposes costing less than $30,000 are eligible for the instant asset write-off.

What if the asset is OVER $30,000?

According to the Australian Taxation Office, if you are planning to purchase a vehicle for your business over the $30,000 threshold,  expenses may still be deducted via:

• Cents per Kilometre
  The mileage rate changes every year, though you may be able to claim 66c for every kilometre your car is driven for commercial and businesses purposes, capped at a maximum of 5,000 business kilometres per car.
• Depreciation
  Over time the vehicle you purchase will depreciate in value, like any other vehicle. So, the benefit of having a business car means that you can claim some of the loss in value. Assets that cost $30,000 or more (which cannot be immediately deducted under other provisions) may be deductible over time using the general small business pool.
• Business operating costs
  If your vehicle is used for business and commercial purposes, then you may be able to claim the cost of petrol, servicing or repairs, insurance and even interest on your car loan.
• Leasing costs
  If your business is leasing your vehicle, the lease payments may be deductible to your business for income tax purposes.

Does the Small Business Stimulus apply to vehicles or equipment under finance?

Yes! If the business vehicle and/or equipment is purchased through a commercial loan, the instant asset write-off still applies. It’s a great time to apply for a commercial loan to take advantage of the Small Business Tax Break. According to the ATO, the $30,000 threshold will only remain until the 30th of June 2020 and will revert back to $1,000 from the 1st of July 2020.

How to get started

On Road Finance offers a range of finance solutions that can be tailor made to suit your business. You can purchase the asset you need, when you need it, and let our brokers handle the finance for you.

On Road Finance can offer Chattel Mortgages, Hire Purchases, Novated Leases and Low Doc Loans for your business.

Cars, buses, trucks, trailers, excavators, mowers, printing equipment, medical and dental equipment, dynamometers, sheds, cool rooms, spray booths, GPS equipment and more! If it’s used for business purposes, On Road Finance can finance it!

Apply online for a commercial loan approval and let On Road Finance grow your business today!