Business car finance · ABN holders · Australia
Pay less weekly.
Not a cent more.
Car finance for ABN holders. Fixed 10% balloon — not the dealer's 40%.
*vs a standard loan — same amount, rate & term, held to full term · exit early: no rebate
Standard loan
$286/wk
fully amortising
Milam
$268/wk
10% balloon + rebate
Example: $60,000 incl. GST · 5 years · 8.92% p.a. · ≈$4,770 stays in your business during the term · net total cost equal at full term* · indicative only, not a credit offer
Registered
You're on the waitlist with the $495 fee waiver locked in. We'll notify you when applications open.
How it works
↓
How Milam works
Step 01
Pay less each week
A fixed 10% balloon lowers your weekly repayment from day one.
Step 02
Hold to full term
Paid more than a standard loan would've cost? Milam pays you back the difference.
Step 03
Own the car
Pay the small balloon. Keep the car. Keep the equity.
The Maturity Rebate
Hold to full term → your net total cost won't exceed a standard loan. It's in the contract.
⚠ Exit early → no rebate. Standard payout applies.
⚠ Exit early → no rebate. Standard payout applies.
Standard loan total
Your benchmark
→
Milam repayments + gross balloon
If higher → rebate
→
Net balloon after rebate
Your equity position
The numbers, straight up
← swipe to see all columns →
| Dealer Balloon (30%) | Standard loan | Milam | |
| Weekly payment | $231.24 | $286.31 | $267.95 |
| Balloon at end of term | $18,000 | $0 | $6,000 → $4,774 net* |
| Net total cost | $78,121 | $74,442 | $74,442 — same as standard* |
| You keep the car | Usually not — refi or hand back | Yes | Yes — equity is yours |
Example: $60,000 incl. GST · 5 years · 8.92% p.a. · held to full term. *Net balloon and total cost reflect the Maturity Rebate, a contractual term of the loan, paid at full term only — early exit: no rebate, outstanding balance applies. Indicative only — not a credit offer, approval, or advice.
Pay less each week.
Own it at the end.
Private beta. First 5,000 ABN holders get the $495 establishment fee waived.
🎯 loading… · $495 fee waived · this waitlist only · subject to credit approval & final loan terms
Business enquiries only · ABN required to proceed
#1,001
You're on the waitlist with the $495 fee waiver locked in. We'll notify you when applications open.
Run your numbers
Loan calculator
Loan parameters
Loan amount (incl. GST)
$
$20k$120k
Interest rate (p.a.)
%
4%14%
Loan term
5 years
Milam gross balloon (10%)—
Maturity Rebate (paid by Milam)—
Net balloon you actually pay—
Annual business revenue
$100k–$200k
Used only to personalise your indicative estimate — not stored
Indicative estimate only — not a credit offer or approval. Actual payments depend on credit assessment and final loan terms.
Standard loan weekly
—
Milam weekly
—
Cashflow freed over term
—
Equity at end of term
—
Your inputs · indicative only · full breakdown below ↓
Full comparison
Single cycle · weekly payments & totals · full term
← swipe to see all columns →
| Balloon Balloon | Standard Loan | Milam | |
| Structure | — | Full amortisation | 10% balloon + rebate |
| Weekly payment | — | — | — |
| Weekly vs standard | — | — | — |
| 💰 Cashflow freed | — | — | — |
| Total repayments | — | — | — |
| Total interest | — | — | — |
| Total cost to own | — | — | — |
| — End of term — | |||
| ① Gross balloon | — | $0 paid | — |
| ② Maturity Rebate | — | — | — |
| ③ Net balloon | — | $0 | — |
| Net cost to USE car | — | — | — |
| Equity next cycle | $0 | — | — |
Maturity Rebate: a contractual term of your loan. Hold to full term — if your total cost exceeds a standard loan's, Milam pays you the difference against your balloon. Net total cost won't exceed a standard loan. ⚠ Early exit: no rebate, outstanding balance applies. Figures above are full-term.
Cost breakdown by product
Balloon Balloon
Cost to drive (ex. car value)—
Tax saved—
Balancing charge on sale—
Spend per $1 saved—
—
—
Standard Loan
Cost to drive (ex. car value)—
Tax saved—
Balancing charge on sale—
Spend per $1 saved—
—
—
Milam
Cost to drive (ex. car value)—
Tax saved—
Balancing charge on sale—
Spend per $1 saved—
—
—
—
For your accountant
Business & tax settings
Adjusts the tax deduction & depreciation tables below
Business use %
%
10%100%
Marginal tax rate
%
19%47%
Depreciation method
Tax figures are illustrative. ATO effective life = 8 years. GST claimable only if GST-registered. Speak to your accountant.
Tax deductions & business cost — year by year
← swipe to see all columns →
| Year | Amort. interest | Balloon carry | Depreciation | GST claimed | Total deduction | Tax saved | Cash paid (yr) | Net biz cost | Cumul. tax saved |
GST Year 1
—
Total depreciation
—
Total interest deducted
—
Total tax saved
—
Total cash out
—
Minus tax saved
—
Net cost to business
—
⚠ Tax deductions are indicative only. Depreciation uses ATO diminishing value (25% p.a.) or prime cost (12.5% p.a.) based on 8-year effective life. Depreciation deductions are identical across all products. Consult a registered tax agent.
Depreciation schedule — ATO method
DV 25% p.a.
← swipe to see all columns →
| Year | Opening book value | Rate | Full deduction | Biz use deduction | Tax saved | Closing book value |
Who Milam is for
Who Milam is for
ABN holders, sole traders, registered businesses. Tradies, consultants, sales reps — across Australia.
What's wrong with Balloon loans?
They defer 30–40% to the end. You refinance or hand the car back — zero equity. Milam's balloon: 10%.
Common questions
About Milam
Built for ABN holders, not dealerships.
Dealer Balloon finance traps you in a refinance cycle — big balloons, zero equity. Milam doesn't. A fixed 10% balloon, a contractual Maturity Rebate, lower weekly payments.
Private beta · direct business-purpose lender · outside the NCCP · ABN 52 477 928 344.
Still early.
First 5,000 on the waitlist get the $495 fee waived.
🎯 loading… · $495 fee waived · this waitlist only · subject to credit approval & final loan terms
Business enquiries only · ABN required to proceed
#1,001
You're on the waitlist with the $495 fee waiver locked in. We'll notify you when applications open.