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Key Takeaways
- Overdrive Funding arranges mining 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.
Overdrive Funding arranges mining equipment finance for operators across Tasmania. Tasmania has a rich mining history including copper, zinc, gold and tin operations. We compare 80+ lenders to find the most competitive rate for your mining operation.
Mining Equipment Finance in Tasmania
- Haul trucks and dump trucks
- Excavators and hydraulic shovels
- Dozers and graders
- Drill rigs — surface and underground
- Water trucks and service vehicles
- Generators and power plant
- New, used and mine site disposal equipment
Mining 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
Mining equipment finance rates in Tasmania start from around 6.1% per annum for established operators with clean credit. Overdrive Funding compares 80+ lenders nationally to find the best rate for your Tasmania mining operation.
How to Apply
Fill in the form above or call Simon to get started. We compare 80+ lenders for your mining equipment finance in one application — no multiple credit enquiries, no cost to you. Most applications receive a decision within 24 to 48 hours.