ABN car loans, sorted by AI.

Self-employed Australians get a worse deal in car finance than they should. Banks default to "show us two years of tax returns" because that's the easy box-tick. Real ABN car finance is more nuanced than that — and most brokers don't bother learning the policy details that unlock the better outcomes.

The AI car broker model fixes that. Tui knows each lender's actual ABN policy: how they treat sole traders vs companies, whether they accept low-doc, what they do with under-12-month ABNs, whether they want you GST-registered. She matches your structure to lenders that fit it, not the other way around.

Low-doc vs full-doc — which suits you?

The choice comes down to paperwork tolerance vs interest rate. Full-doc is cheaper but heavier; low-doc is faster but costs 1-2% more.

Full-doc ABN car loan

Standard commercial finance. You provide recent tax returns, BAS statements, and sometimes a profit-and-loss statement. The lender assesses real income and gives you a market rate.

Best for: ABN holders 2+ years trading, with up-to-date returns, who want the sharpest rate.

Low-doc ABN car loan

Reduced documentation. Typically a self-declared income statement plus 3-6 months of business bank statements. The lender uses bank-statement income rather than returns. Slightly higher rate (usually +1-2%).

Best for: ABN holders whose returns aren't ready, or whose recent year doesn't reflect current trading. Asset-backed customers (you own property) usually get better low-doc rates.

What lenders look at for ABN car finance

The five things that move the needle on an ABN car loan application:

• ABN age. 12+ months is the standard threshold. Under that, a few specialist lenders will look if you have prior PAYG history in the same industry.
• GST registration. Not required, but it helps with chattel-mortgage tax treatment and signals seriousness to some lenders.
• Structure. Sole trader, Pty Ltd, trust, partnership — each has different documentation paths. Pty Ltd usually needs a director's guarantee.
• How you pay yourself. Wages, drawings, dividends, or a mix. This shapes how lenders calculate your income.
• Asset backing. If you own a home (or have equity), low-doc rates improve significantly. This is the single biggest lever for self-employed customers with thin recent returns.

Documents you'll need

Full-doc

• Two most recent personal and business tax returns
• Most recent BAS statement
• Profit and loss statement (current financial year, year-to-date)
• Photo ID + ABN/ACN documentation

Low-doc

• Self-declared income statement (lender's template, signed)
• 3-6 months business bank statements (via secure illion link)
• Photo ID + ABN documentation
• Sometimes: rent / mortgage statement (proof of asset backing)

Chattel mortgage vs consumer car loan

If the vehicle will be used more than 50% for business, a chattel mortgage is usually the right product. The business owns the vehicle, you can claim depreciation and GST, and the lender registers a mortgage over the asset.

If the vehicle is mostly for personal use (school run, weekends, family), a consumer car loan is more honest and often slightly cheaper. We do both — Tui asks you about usage during the conversation and recommends accordingly.

Frequently asked questions