Overdrive Funding helps Australian electricians 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.
Electrical work is a van trade more than a ute trade. Cable, conduit, switchboards and test gear need to be secure, dry and organised, which is why most sparkies end up in a Transit, Transporter or Caddy with a proper racking system rather than an open tray.
What electricians finance
- Vans — Transit Custom, Transporter, Caddy, Sprinter, Staria Load, Deliver 9
- Utes with canopies for solar, commercial and site work
- Internal racking, shelving, drawer systems and cable reels
- EWP and elevated work platform vehicles for commercial contracts
- Second vans for apprentices and employees
- 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.
Racking is worth financing with the van
A proper electrical racking fit-out runs $5,000 to $12,000, and it is the difference between a van that works and a van full of loose stock. It can generally be financed with the vehicle where it is fitted at purchase and on the same invoice — preserving your cash for cable and switchgear, which you carry before you invoice.
Solar and commercial work changes the vehicle
Sparkies moving into solar or commercial contracts often outgrow the van quickly — you need a ute with a canopy for panels and rails, or an EWP for height work. Those are separate facilities and larger commitments, so structure them around the contract that justifies them rather than buying ahead of the work.
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.