Overdrive Funding arranges competitive business vehicle finance for Australian businesses. We compare 80+ banks and specialist lenders, negotiate the deal and manage everything from start to finish.
There is no hard line where vehicles become a fleet, but there is a point where the way your finance is arranged starts costing or saving you real money — and most businesses cross it without noticing.
Why structure matters more than rate at scale
With one vehicle, the rate is basically the whole story. With six, how the facilities are arranged determines what you can borrow next, how much admin you carry, and whether you can cycle vehicles without renegotiating everything.
The common failure is accretion: a facility taken with each vehicle as it was bought, from whichever lender the dealer used, on different terms with different end dates. It works until you need the seventh vehicle and discover your borrowing capacity is gone.
How existing facilities cap your next approval
This is the part businesses miss. Every facility you hold is assessed as a commitment when you apply for the next one. Six vehicles on six separate facilities can present as more exposure than the same six arranged properly, even where the total debt is identical.
If you are planning to grow the fleet, it is worth having the structure reviewed before you need the next vehicle rather than after you have been declined for it.
Replacement cycles
Fleets that cycle vehicles on a schedule — three or four years, before the warranty and the resale fall away — generally do better than fleets that run vehicles into the ground. Matching your loan term and balloon to that cycle means you exit each vehicle roughly when you owe roughly what it is worth, rather than being upside down or holding an asset past its useful life.
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% |
Rates are indicative only and subject to lender assessment, the vehicle, term and your individual circumstances. Low doc (no financials) business vehicle finance is available up to $300k for the right profiles.
Get a quote
Looking to arrange or restructure fleet vehicle finance? You're in the right place. Speak directly with Simon and our team, 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.
Get a quote
Looking for the best rate on 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.