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.
Overdrive Funding arranges competitive vehicle finance for sole traders across Australia. We compare 80+ banks and specialist lenders, negotiate the deal and manage everything from start to finish.
What you can finance
Cars, utes, vans and light commercials, new or used, from dealers, private sellers or auctions anywhere in Australia, plus fit-outs purchased at the same time. See our business vehicle finance page for the full range.
What sole traders should know
As a sole trader you and the business are the same legal entity, so lenders assess your personal credit file alongside the business. That is not a disadvantage — a clean personal file and a solid trading history is a strong application — but it does mean personal credit issues follow you into a business application.
The practical upshot: if you have a default or an unpaid ATO balance, deal with it before applying rather than hoping it will not surface. It will. See our bad credit business vehicle finance guide if that is your situation.
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? 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.