What rate can I get on excavator finance in Australia?

Excavator finance rates in Australia currently start from around 6.1% per annum for established operators financing new machines with clean credit. Rates for used machines, new ABNs and adverse credit are higher. A broker comparing 80+ lenders will identify the sharpest rate for your specific excavator and profile.

Can I finance a used excavator?

Yes. Used excavators are well-supported by most lenders, particularly well-maintained machines from dealers or reputable sources. We finance used excavators from dealers, private sellers and auction.

Can I get low doc excavator finance?

Yes. Low doc excavator finance is available up to $500,000 without tax returns or BAS — ABN, licence and bank statements only. Same-day conditional approvals are common.

Can I get no deposit excavator finance?

Yes. No deposit excavator finance is available for eligible operators with 2+ years GST registration and clean credit.

How quickly can excavator finance be approved?

Most excavator finance applications receive a credit decision within 24 to 48 hours. Low doc applications are often same-day.

What machinery finance rates are available in Australia?

Machinery finance rates in Australia start from around 6.1% per annum for established operators with clean credit financing new machines from major brands. Used machinery, new ABNs and adverse credit attract higher rates. Comparing 80+ lenders through a broker identifies the sharpest available rate for your specific machine.

Can I finance used machinery?

Yes. Used machinery from dealers, private sellers, fleet disposals and auction is financeable. Lenders assess the age, hours, condition and resale market for the specific machine. Well-maintained machines from reputable sources are supported by most lenders.

Can I get low doc machinery finance?

Yes. Low doc machinery finance is available up to $500,000 without tax returns or BAS. You need your ABN, driver's licence and recent bank statements. Same-day conditional approvals are available for low doc machinery applications.

Can you arrange insurance for my equipment?

Yes. Overdrive Funding works with trusted insurance partners who can arrange the right cover alongside your finance application. Whether you need comprehensive, CTP, public liability or fleet cover, we can connect you with specialist providers to protect your equipment from day one.

Can you beat my current finance quote?

We often can. Overdrive Funding has access to exclusive lenders offering discounted rates that aren't available directly through banks, dealers or other brokers. If you have an existing quote, send it to us and we'll compare it against our full panel of 80+ lenders — free of charge with no impact on your credit score.

Excavator Finance Guide 2026 | Rates, Options & Lenders

Name: Overdrive Commercial Funding
Address: 54 Miller St, North Sydney, NSW, 2060, AU
Telephone: +61417000316
Price range: Free
Rating: 5

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Key Takeaways

Excavator finance available for new, used and demo machines across all major brands.
Rates from 6.1% per annum for established operators with clean credit financing new excavators.
Low doc excavator finance available up to $500,000 — no tax returns or BAS required.
No deposit finance available for eligible ABN holders with 2+ years GST registration.
We compare 80+ lenders in one free application — no impact on your credit score.
Machinery 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.

Excavators are Australia's most commonly financed piece of earthmoving equipment — and for good reason. From compact mini excavators used by tradies and landscapers, to 50-tonne machines used in major civil projects, excavators are a core asset for thousands of Australian businesses.

Excavator Models We Finance

Mini excavators (1.5 to 8 tonne — Kubota, Komatsu, Kobelco, Bobcat)
Mid-size excavators (8 to 25 tonne — Caterpillar, Hitachi, Volvo)
Large excavators (25 to 50 tonne — Caterpillar 336, 345, 352)
Mining class excavators (50+ tonne — Caterpillar 390, Komatsu PC800)
Long reach and dredging excavators
Wheeled excavators (Volvo, Liebherr, JCB)

Why Lenders Like Excavator Finance

Caterpillar, Komatsu, Hitachi, Volvo, Hyundai and Kobelco excavators are all well-supported by Australian equipment finance lenders. Mini excavators and mid-size machines attract the widest range of lenders; large and mining-class excavators often require specialist equipment finance lenders.

Excavator Finance Rates

Excavator finance rates in Australia currently start from around 6.1% per annum for established earthmoving contractors with clean credit financing new machines. Mini excavators and compact machines attract rates similar to mid-size machines from most lenders.

New vs Used Excavator Finance

New excavators attract the widest range of lenders and the sharpest rates. Used excavators — from dealers, private sellers, auction or fleet disposals — are also well-supported by most lenders, particularly for well-maintained machines from reputable sources. Age, hours, condition and the machine's resale market all factor into a used excavator finance assessment.

Low Doc Excavator Finance

Low doc excavator finance allows eligible ABN holders to borrow up to $500,000 without providing tax returns, BAS or full financial statements. You need your ABN, driver's licence and recent business bank statements. Same-day conditional approvals are available.

How to Get the Best Excavator Finance Deal

At Overdrive Funding, we compare 80+ lenders to identify the most competitive excavator finance deal for your specific machine and profile. Our service is completely free — we're paid by the lender after settlement. Contact us today or call Simon for a free rate comparison.

Excavator Finance Guide Australia 2026