For civil contractors, farmers, landscapers and construction businesses, keeping cash reserves intact is often more important than the machinery itself. No deposit machinery finance lets you acquire the plant you need without tying up working capital in an upfront deposit.
How Does No Deposit Machinery Finance Work?
Zero deposit machinery finance means the lender funds the full purchase price of the machine. You repay the full amount plus interest over the loan term — typically 36–84 months — with no cash contribution required at settlement. No real estate or property security is required — the machinery itself serves as the collateral. You get the equipment working and earning for your business from day one.
Who Can Get No Deposit Machinery Finance?
Eligibility for zero deposit machinery finance typically requires:
- ABN and GST registration of 2+ years
- Clean or acceptable credit history
- Consistent business bank statements showing regular income
- Purchasing machinery within standard lender asset age limits — most lenders prefer under 15 years for zero deposit, though some specialist lenders place no age restriction on equipment
- Loan amount within the lender's unsecured or low doc threshold
Newer businesses (under 2 years GST registration) may still access zero deposit through specialist lenders on our panel, particularly for newer machines with strong resale values.
What Machinery Can Be Financed Without a Deposit?
- Excavators — from 1.5t to 50t
- Bulldozers and graders
- Wheel loaders and skid steers
- Telehandlers and forklifts
- Tractors and harvesters
- Pavers and compactors
- Cranes and piling rigs
- Backhoes and trenchers
Private sale and auction purchases are fully supported — you don't need to buy from a dealer.
Zero Deposit Plus Low Doc — Can I Combine Both?
Yes. Many lenders on the Overdrive Funding panel offer both zero deposit and low documentation on the same facility for loans up to $500,000. This means you can get approved with just your ABN, bank statements and driver's licence — no deposit and no tax returns required.
Does Machine Age Affect My Zero Deposit Eligibility?
Age matters with most lenders. Because they use the machine's value as security, older machines with lower resale values present higher risk. Most lenders offer zero deposit most readily on machines under 10–15 years old. For older plant, a 10–30% deposit may be required — though specialist lenders on our panel can sometimes accommodate older assets for well-qualified applicants without any deposit requirement.
Overdrive Funding works with 80+ lenders to find the best zero deposit machinery finance solution for your situation. Get in touch for a free, no-obligation comparison.
For the full picture on rates, loan structures and approvals across every machine we fund, see our main machinery finance Australia page.