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Key Takeaways
- Excavator finance rates in Australia start from 6.1% per annum for established operators with clean credit buying new machines.
- Low doc excavator finance available up to $500,000 — ABN, licence and bank statements only.
- All sizes financed: mini excavators (1–5t) through to large 50t+ machines.
- All major brands supported: Caterpillar, Komatsu, Hitachi, Volvo, Liebherr, Hyundai, JCB and more.
- Auction and private seller purchases supported — funds released directly to the seller.
- Excavator finance deals: We guarantee the best deal available in the market and our services are free — we're paid a "referral fee" by the lender after settlement, no cost to you.
An excavator is one of the most versatile and valuable assets in earthmoving, civil construction, mining services and landscaping. Whether you are buying your first mini excavator or adding a 30-tonne machine to an existing fleet, getting the finance right matters — the difference between the best and worst deal on a $200,000 machine over five years can be significant.
This guide covers everything Australian businesses need to know about financing an excavator in 2026.
Excavator Finance Rates in Australia 2026
Excavator finance rates currently range from around 6.1% to 15% per annum. The rate depends on the excavator's age, brand, hours, the applicant's credit profile, ABN history and the lender.
Established business, new excavator, major brand
Established business, used (under 10 years, low hours)
New ABN or short trading history
Older excavator or adverse credit
| Applicant Profile | Indicative Rate | Notes |
|---|---|---|
| Established business, new excavator, major brand | 6.1% – 8.5% | Best available from top-tier lenders |
| Established business, used (under 10 years, low hours) | 7.5% – 10.5% | Brand and condition are key factors |
| New ABN or short trading history | 9% – 13% | Low doc specialist lenders |
| Older excavator or adverse credit | 11% – 15%+ | Specialist lenders, deposit may be required |
What Excavator Sizes Can Be Financed?
We finance excavators across all size classes:
- Mini excavators — 1t to 5t (compact construction, landscaping, residential)
- Midi excavators — 5t to 10t (compact civil work, tight access sites)
- Standard excavators — 10t to 25t (most common class in civil and earthmoving)
- Large excavators — 25t to 50t (major civil, bulk earthmoving)
- Mining excavators — 50t+ (quarrying, open cut mining, large infrastructure)
What Excavator Brands Are Supported?
We finance all major excavator brands — Caterpillar, Komatsu, Hitachi, Volvo CE, Liebherr, Hyundai Construction Equipment, JCB, Kobelco, Doosan, SANY, XCMG, Yanmar, Kubota, Takeuchi and more. Major brands with active Australian dealer networks and strong resale markets attract the best rates.
New vs Used Excavator Finance
New excavators attract the widest range of lenders and the sharpest rates. Manufacturer warranty, known condition and clear title make new machines straightforward for lenders to assess.
Used excavators can also be financed — but lenders assess age, hours, condition and resale market carefully. A well-maintained 2018 Caterpillar 320 with documented service history will attract very different lender appetite to a high-hour, older machine from a less common brand.
Low Doc Excavator Finance
Low doc excavator finance allows eligible ABN holders to borrow up to $500,000 with just their ABN, driver's licence and recent bank statements. No tax returns, BAS or financial statements are required. Same-day conditional decisions are common for straightforward applications.
Financing Excavators at Auction
Many earthmoving businesses buy excavators at auction — Pickles, Grays, Ritchie Bros and other commercial machinery auctions. Pre-approval before the auction is essential. A pre-approved facility means you know exactly what you can spend, you can bid with confidence, and settlement can proceed quickly.
We regularly arrange pre-approval for excavator auction purchases. Contact us before your auction date — we can typically confirm approval on the same day.
Excavator Attachments Finance
Buckets, hydraulic hammers, grabs, augers and tilt rotators can often be bundled into the same finance package as the excavator, simplifying the finance structure.
How to Get the Best Excavator Finance Deal
At Overdrive Funding, we compare 80+ lenders to find the most competitive excavator finance deal for your machine, your credit profile and your ABN history. Our service is free — we are paid by the lender after settlement. Compare excavator finance now or call Simon for a free assessment.