Overdrive Funding helps Australian builders access competitive vehicle finance. We compare 80+ banks and specialist lenders, negotiate the deal and manage everything from start to finish — new or used, from dealers, private sellers or auctions anywhere in Australia.
Builders run vehicles differently to most trades. The ute is often as much about getting supervisors between sites as carrying materials, and once you have a few on the road it becomes a fleet decision rather than a vehicle decision.
What builders finance
- Dual cab utes for site supervisors and leading hands
- Cab chassis with trays and canopies for carpenters and site crews
- Vans for fit-out and finishing crews
- Crew cab and troop carrier style vehicles for larger teams
- Fleet purchases of multiple vehicles
- New, used, ex-fleet, dealer, private-sale and auction purchases
We only finance vehicles located in Australia. See our business vehicle finance page for the full range, rates and how approvals work.
Progress claims and vehicle repayments
The defining cash flow issue in building is the gap between doing the work and being paid for it — retentions held, head contractors paying late, variations argued over. Vehicle repayments do not care. A balloon of 20% to 40% keeps the monthly commitment low enough that a delayed claim does not put you under.
When it becomes a fleet
Once you are past two or three vehicles, how the facilities are structured starts to matter as much as the rate. Several small facilities scattered across different lenders is less efficient than a properly structured arrangement, and each one is assessed as a commitment when you next apply — which quietly caps what you can borrow. See our fleet vehicle finance guide.
Rates and deposits
Established ABN (2+ years), new vehicle, full doc
Established ABN, used vehicle, low doc (no financials)
Newer ABN (under 12 months)
Prior credit issues or specialist lending
| Borrower profile | Indicative rate | Typical deposit |
|---|---|---|
| Established ABN (2+ years), new vehicle, full doc | From 6.1% | $0 – 10% |
| Established ABN, used vehicle, low doc (no financials) | 7% – 10% | 10% – 20% |
| Newer ABN (under 12 months) | 9% – 12% | 10% – 30% |
| Prior credit issues or specialist lending | 12% – 15% | 20% – 30% |
Low doc (no financials) business vehicle finance is available up to $300k for the right profiles. Deposits generally range from 10% to 30%, with $0 deposit available on stronger applications. Rates are indicative only and subject to lender assessment.
Get a quote
Looking for the best rate on vehicle finance for your business? You're in the right place. Speak directly with Simon and our team for a free, no-obligation quote, or get a free quote online. Our service is completely free. We're paid by the lender only after a deal settles, so there's no cost to you—even if you choose not to proceed.