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.
$0 deposit finance is available on business vehicles for the right profiles — but the more useful question is not whether you can get it, it is whether you should take it.
Who qualifies for $0 deposit
Generally an established business with a 2+ year ABN, a clean credit file, and a new or near-new vehicle with strong resale. Property ownership helps considerably, even where the property is not taken as security. Newer ABNs and older vehicles typically need 10% to 30% down.
Why $0 down can cost more
This is the part people miss. A deposit reduces the lender's exposure relative to the vehicle's resale value, and that can move you into better pricing. So $0 down preserves your cash but may carry a higher rate across the whole term.
It is not automatically the wrong choice — if cash is tight, or the cash earns more in your business than the rate difference costs, preserving it is the right call. But it is a decision, not a free lunch. Ask for pricing both with and without a deposit and compare total cost over the term, not the monthly figure.
What if you don't qualify
Deposits typically range from 10% to 30%. If the deposit is the obstacle, a trade-in counts toward it, and refinancing a vehicle you already own outright can release equity to fund it. Both are usually better than borrowing unsecured to fund a deposit, which adds an expensive facility to service the cheaper one.
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 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.