EOFY is one of the best times of the year for business owners to invest in new assets—and Low Doc Car Loans make it easier than ever. If you’re thinking about upgrading your work vehicle or equipment, now’s the time to act. With streamlined documentation, fast approvals, and significant tax benefits available before June 30, a Low Doc Loan could be the smartest move you make this year. Read on to find out how you can take advantage of EOFY tax benefits with Low Doc finance.
What is a Low Doc Loan and Who is it For?
A Low Doc Loan is designed for self-employed individuals, sole traders, and small business owners who don’t have up-to-date financials or full tax returns ready. Instead of lengthy documentation, approval is based on alternative income verification—like bank statements, BAS statements, or an accountant’s letter.
Ideal for:
- Sole traders and ABN holders
- Small business owners with seasonal income
- Newer businesses without two full years of financials
- Time-poor entrepreneurs who need fast finance
If that sounds like you, you’re not alone—many business owners use Low Doc Vehicle Loans to keep things moving without waiting for paperwork to catch up.
EOFY Tax Benefits with Low Doc Finance: What You Can Claim
Upgrading before EOFY isn’t just about getting new wheels or equipment—it’s about claiming legitimate business expenses while lowering your taxable income. Here are three key EOFY tax benefits with low doc finance that you could take advantage of:
✅ Instant Asset Write-Off
Eligible assets (like a Ute, van, trailer, or business-use SUV) can often be written off in the same financial year, meaning you may claim the full cost upfront—boosting cash flow and reducing your tax bill. Work out if your business can use the instant asset write-off to claim a deduction for the cost of an asset on the ATO website.
✅ Depreciation Deductions
Even if you can’t claim the full cost immediately, most assets can be depreciated over time. This spreads the tax benefit over multiple years, giving ongoing relief.
✅ Interest Deductions
The interest paid on your business-use loan is also tax-deductible. The more the loan is used for business purposes, the higher the proportion of deductible interest.
Tip: Speak to your accountant to confirm how much you can claim based on your business structure and asset use.
Want to know more about how Low Doc Loans work and who they’re perfect for? Read our full guide on the benefits of a Low Doc Car Loan.
Why It Pays to Act Before June 30
The closer we get to EOFY, the busier lenders become—and the harder it is to get your loan processed in time. By applying early, you increase your chances of:
- Beating the lender backlog
- Securing your new vehicle before tax time
- Maximising your EOFY tax deductions
Many dealerships also offer EOFY discounts, so combining those savings with the right finance means you win on both fronts.
Smart EOFY Purchases in Action
Here are some real-world examples of how our clients are tapping into EOFY Tax Benefits with Low Doc Finance:
- Ben, a landscaper and sole trader, upgraded his Ute and claimed it under the instant asset write-off—saving thousands at tax time.
- Kelly, a mobile dog groomer, financed a new van with internal fit-out through a Low Doc Loan, expanding her service area and deducting the interest.
- Trent, a new business owner with no full financials yet, used 6 months of BAS statements to secure funding for a secondhand excavator.
The process was fast, simple, and tailored to their needs.
Are You Ready to Tap Into EOFY Tax Benefits with Low Doc Finance?
If you’re considering an upgrade, don’t wait until the last minute. A Low Doc Car Loan from AAA Finance gives you the flexibility to grow your business while accessing important tax benefits. We’ll guide you through the process and help you choose the right loan option for your situation.
📞 Call us today on 07 5493 1222 or apply online to get started.
EOFY deadlines are approaching—and we’re here to fast-track your approval.
