Overdrive Funding arranges competitive BYD business vehicle finance for Australian businesses. 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.
BYD has moved quickly in Australia, and the Shark 6 plug-in hybrid ute has brought the brand into genuine work-vehicle territory for the first time. It is a legitimate option — but the finance conversation on a new EV brand is different, and it is worth understanding why before you sign.
BYD vehicles we finance
- Shark 6 — plug-in hybrid dual cab ute
- Atto 3, Dolphin, Seal and Sealion — passenger EVs for business use
- T3 — compact electric van
- eT6 and light commercial electric range
- Vehicles with trays, canopies and fit-outs
- New, used, 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.
What BYD resale means for your rate
Here is the honest part. BYD's Australian resale market is still forming — the installed base is young, and nobody yet has five years of data on what a used Shark 6 is worth. Lenders price partly on what they could recover, and where that is uncertain, some build in a margin, ask for a larger deposit, or cap the term.
Battery EV residuals in general are still settling in Australia, and early data across the EV market has been softer than for equivalent combustion vehicles. That is not an argument against buying one — running costs and FBT treatment can make the total numbers work well, particularly for an EV under the luxury car tax threshold. It is an argument for comparing lenders, because appetite varies more here than on any established brand, and for comparing total cost of ownership rather than sticker price.
Who finances BYD vehicles
BYDs are financed by businesses with predictable local routes, trades trialling plug-in hybrids, professional services and real estate businesses running EVs, courier operations in metro areas, and businesses attracted by the FBT exemption on eligible electric vehicles.
BYD business vehicle finance rates
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 — a lower cap than trucks and machinery, which run to $500k. Rates are indicative only and subject to lender assessment.
New or used BYD?
Used BYD stock is limited given the brand's youth here, and values are not well established. Buying new with the factory warranty is generally the smoother path. If you are buying used, expect a lender to potentially want an independent valuation.
Get a quote
Looking for the best rate on BYD 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.