Overdrive Funding helps Australian real estate agents access competitive vehicle finance. We compare 80+ banks and specialist lenders, negotiate the deal and manage everything from start to finish — new or used, from dealers, private sellers or auctions anywhere in Australia.
In real estate the car is client-facing. You are driving buyers to inspections and vendors to appraisals, and the vehicle is part of how the business presents — which makes it a different purchase to a work ute, though the finance mechanics are the same.
What real estate agents finance
- Passenger vehicles and SUVs for agents and principals
- Prestige and near-prestige vehicles used for business
- Hybrid and electric vehicles
- Fleet purchases for agencies with multiple agents
- Vehicles for property managers and BDMs
- New, used, ex-fleet, dealer, private-sale and auction purchases
We only finance vehicles located in Australia. See our business vehicle finance page for the full range, rates and how approvals work.
The car limit is the thing to understand
This catches real estate people more than any other industry, because the vehicles are often above the threshold. Cars are subject to a car limit that caps the depreciation you can claim, regardless of what you paid. Buying a $90,000 vehicle does not mean you depreciate $90,000. The GST credit is capped in a related way. Confirm the current limits and your position with your accountant before you assume the tax benefit — it is frequently smaller than people expect.
Business use versus private use
A vehicle used for both business and private travel can only be claimed to the extent of business use, and you need to be able to substantiate the split. Agents who drive clients around genuinely have high business use, but the record-keeping matters if you are ever asked. Your accountant is best placed to advise on the method that suits you.
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% |
Low doc (no financials) business vehicle finance is available up to $300k for the right profiles. Deposits generally range from 10% to 30%, with $0 deposit available on stronger applications. Rates are indicative only and subject to lender assessment.
Get a quote
Looking for the best rate on vehicle finance for your business? 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.