Car finance • Rideshare & gig
How does car finance work for rideshare and gig drivers?
Lenders want reliable income and the right structure. Here is how we package gig income, choose the facility, and keep repayments aligned to platform payouts.
What are the key takeaways (TL;DR)?
- Show consistent platform income with statements and bank deposits.
- Choose a structure that matches your tax position and repayment rhythm.
- Document operating costs so lenders see your net income clearly.
Amelia Hart
How do you prove platform income?
Download your last three to six months of platform statements, weekly summaries, and bank deposits. Lenders want to see consistent earnings and how they land in your account.
How do you pick the right finance structure?
ABN holders often suit a chattel mortgage or lease, while PAYG drivers may be better with a standard car loan. We compare structures based on tax outcomes, balloon exposure, and repayment flexibility.
How do you match repayments to payouts?
Set repayments to weekly or fortnightly so they line up with platform deposits. That keeps the buffer intact and prevents missed payments during quieter weeks.
Which costs do lenders want documented?
Fuel, insurance, registration, and servicing matter. We capture those expenses so lenders see the net income, not just the headline revenue.
What are the next steps?
Email your latest platform statements to info@newgenfinancebrokers.com or call 0451 414 800. We will map the right lender and structure in a single call.