A Black Friday promotion on a ute, van, truck or car can be tempting for a business, but a vehicle bought for work raises questions a private buyer does not face: which finance structure fits, how the car limit and GST credit apply, and when the purchase lands in the income year. This guide sets out the questions to ask and the 2026-27 figures to know.
loan-o is a Brisbane finance broker based in Milton. We compare business vehicle and equipment finance across a panel of 50+ bank and non-bank lenders. This guide is general information and not tax advice. Confirm how any figure or date applies to your business with your accountant or a registered tax practitioner.
Buying a business vehicle on Black Friday: what to know
Compare the total cost first
A discount on the vehicle is one part of the cost. Compare the price, the interest rate, the term, any balloon, the fees and the total you will repay, and set that against the same vehicle without the promotion.
Which finance structure fits the vehicle
The right structure depends on how long you will keep the vehicle, how it is used and your tax position, so speak to your accountant as well as your broker.
- Chattel mortgage: the business owns the vehicle from the start and the lender holds security over it.
- Lease: the lender owns the vehicle during the term, and what happens at the end depends on the lease type.
- Cash or an existing facility: worth comparing if you have the funds, but think about what the cash would otherwise do for the business.
The 2026-27 car limit and GST credit
The car limit applies to passenger vehicles designed to carry fewer than 9 passengers and a load of less than one tonne, so it does not apply to every vehicle. A work ute, van or truck may be treated differently. Ask your accountant which rules apply to the vehicle you are considering. The ATO sets these figures each financial year.
- Car limit: $69,883 for 2026-27. It is the most you can use to work out depreciation on a car first used or leased in the 2026-27 income year.
- GST credit: when a car costs more than the car limit, the most you can generally claim is one-eleventh of the limit, which is $6,353 for 2026-27.
- Luxury car tax thresholds for 2026-27: $91,661 for fuel-efficient vehicles and $80,809 for other luxury vehicles. You cannot claim a credit for luxury car tax.
Timing around 30 June
The 2026-27 income year ends on 30 June 2027. The year in which a deduction can be claimed depends on when the vehicle is first used or installed ready for use, not only on when you sign. Ask your accountant how this applies to a purchase made in November.
Have your documents ready
A promotion can have a deadline, and business finance can need more paperwork than a personal loan. Lenders commonly ask for ID for each director or owner, financial statements or BAS, bank statements, and a quote or invoice for the vehicle. Your broker will tell you what applies to your situation.
loan-o's Black Friday offer
loan-o is running a Black Friday offer until 28 November 2026: eligible customers who meet the terms pay a $0 origination fee. Approval, eligibility and settlement are not guaranteed, lender fees and third-party costs still apply, and the terms set out what you need to do and by when. Read them on the offer page before you apply.
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Sources
- Australian Taxation Office. Car thresholds from 1 July. Published 9 June 2026.
Finance is subject to lender approval, lending criteria, terms, conditions, fees and charges. The information in this article is general and does not take into account your personal or business needs. It should not be treated as personal financial, tax, legal or credit advice.
Last reviewed: 12 November 2026. This content provides general information only. It should not be treated as personal financial, tax, legal or credit advice.
Frequently asked questions.
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That depends on how the vehicle is used, the type of vehicle and your tax position. Ask your accountant, because the car limit and other rules can apply.
$69,883. It is the most you can use to work out depreciation on a car you first use or lease for business in the 2026-27 income year, according to the ATO.
When a car costs more than the car limit, the most you can generally claim is one-eleventh of the limit, which is $6,353 for 2026-27.
The year a deduction can be claimed generally depends on when the asset is first used or installed ready for use. Ask your accountant how it applies to you.
Eligible customers who meet the offer terms pay a $0 origination fee, until 28 November 2026. Approval and settlement are not guaranteed, and the terms are on the offer page.
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