Overdrive Funding arranges competitive business vehicle finance for Australian businesses. We compare 80+ banks and specialist lenders, negotiate the deal and manage everything from start to finish.
Financing a ute through your business is straightforward, but the difference between a good deal and a poor one is usually several thousand dollars over the term. Here is what actually matters.
What you can finance
New and used utes from dealers, private sellers or auctions anywhere in Australia, plus fit-outs where they are purchased at the same time. We only finance vehicles located in Australia. See our business vehicle finance page for the full range.
Ute or van — which suits your trade?
A ute wins where you carry long, dirty or awkward loads, tow, or need to get onto rough sites — timber, pipe, spoil, plant trailers. A van wins where you carry tools and stock that need to stay dry, secure and organised, and where you are doing service and maintenance work rather than hauling.
The honest test is your last twelve months of jobs, not the work you hope to win. Plenty of tradies buy a dual cab because it does everything adequately, when a van would have done their actual job better.
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% |
Rates are indicative only and subject to lender assessment, the vehicle, term and your individual circumstances. Low doc (no financials) business vehicle finance is available up to $300k for the right profiles.
Getting the best deal
Get pre-approved before you shop — it tells you your ceiling and lets you negotiate on price rather than on a monthly repayment. Then compare the market rather than accepting the dealer's financier. On a $60,000 vehicle over five years, a two-point difference is thousands of dollars.
Get a quote
Looking for the best rate on business vehicle finance? 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.