Ah, the elusive car loan tailored for ABN holders—because running a business and personal finance are apparently two different beasts. Lenders often see ABN holders as riskier borrowers since income can be irregular and harder to verify. Expect to provide at least 2 years of business financials, BAS statements, and sometimes a personal guarantee. Interest rates might be a smidge higher than your average Joe's because banks love a bit of extra risk premium.
New car loans for ABN holders typically range from 5% to 9% APR, depending on creditworthiness and lender. Used car loans might attract slightly higher rates. For a bite at the market, check out Tradingpost and CarShowroom to gauge prices before you leap into paperwork. And remember: lenders like ServiceCentral can offer tailored advice for business owners seeking financing.
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