In some cases, where the car is used for business purposes and where Australian Tax Office (ATO) requirements are met, tax deductions may be available. For example, if you are using your vehicle during the course of your work duties, you could be eligible to claim vehicle depreciation (up to the depreciation limit). The tax implications of car loans do differ on a case by case basis. Everything from the loan type chosen to your form of employment can impact potential benefits. Consult a tax professional for specific advice about tax implications.