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Key Takeaways
- Overdrive Funding arranges construction equipment finance for all asset types — new, used, demo and auction.
- We compare 80+ lenders in one free application to find the most competitive rate.
- Low doc finance available up to $500,000 — no tax returns or BAS required for eligible ABN holders.
- Finance available for established operators, new ABNs and adverse credit.
- Our service is free — we're paid a "referral fee" by the lender after settlement.
Yes, used construction equipment is fully financeable through Overdrive Funding's panel of 80+ lenders. Construction equipment finance for used assets covers cranes, concrete pumps, scissor lifts, generators, compressors and all plant used in building and civil operations.
What Used Construction Equipment Can I Finance?
- Used cranes — mobile, tower and pick-and-carry
- Used concrete pumps and boom pumps
- Used elevated work platforms and scissor lifts
- Used generators and compressors
- Used concrete mixers and agitator trucks
- Dealer, auction, private sale and contractor disposal purchases
Construction Equipment Finance Structures
- Chattel mortgage — own the asset from day one, interest and depreciation tax-deductible for GST-registered businesses
- Finance lease — keep equipment off your balance sheet; lender retains ownership until residual is paid
- Commercial hire purchase — fixed repayments with ownership transferring at end of term
- Balloon/residual — reduce monthly repayments with a lump sum at end of term
- Operating lease — ideal for equipment with short replacement cycles
Finance Rates
Construction equipment finance rates in Australia start from around 6.1% per annum for established operators with clean credit financing new equipment. Used assets, new ABNs and adverse credit attract higher rates. Overdrive Funding compares 80+ lenders including specialist construction finance lenders to find the sharpest available rate for your business.
How to Apply
Fill in the form above or call Simon to get started. We compare 80+ lenders for your construction equipment finance in one application — no multiple credit enquiries, no cost to you. Most applications receive a decision within 24 to 48 hours.