Skid Steer Loader Chattel Mortgage
Skid steer loader finance at cheap rates and flexible terms tailored to your business. Whether you're buying new or used from a dealer, private seller or auction, we structure your finance properly and negotiate a deal that's hard to beat anywhere else.
Skid steer loader Finance Deals: Low Rates, Fast Approvals
As a trusted skid steer loader finance broker with a strong industry reputation, we help ABN holders secure finance for new and used skid steer loaders with competitive rates, fast approvals and flexible loan structures. We help businesses, sole traders, trusts, companies, owner operators, owner drivers and self employed applicants find skid steer loader finance tailored to the way they operate.
We arrange finance for new and used skid steer loaders purchased from dealerships, private sellers and auctions, with no deposit options, flexible terms up to 7 years and balloon payments available to eligible applicants. In many cases, the skid steer loader itself can provide the security for the loan, with no additional property or asset security required, subject to lender criteria.
For businesses wanting less paperwork, we offer no doc, low doc and lite doc skid steer loader finance up to $500,000 for eligible applicants. Depending on your circumstances, this can reduce the need for full financial statements and tax returns and help make the application process faster and simpler.
Speed matters when you’ve found the right skid steer loader. Same day pre approvals and approvals within 24 to 48 hours may be available on eligible applications, helping you move quickly when buying from a dealer, private seller or auction.
We’re known for delivering some of the lowest skid steer loader finance rates and repayments in Australia and regularly compete with and beat bank, dealership and broker quotes. Our reputation for being transparent and straightforward with lenders, combined with long standing lender relationships, gives us the ability to negotiate discounted rates, push for sharper pricing and secure faster approvals.
Our skid steer loader finance rate comparison service is free. We compare your options to find the best deal available for your circumstances, and if you decide not to proceed, there’s no cost to you. Where available, we can compare or assess your options without a formal credit application, meaning there may be no impact on your credit profile until you’re ready to proceed.
Whether you need a chattel mortgage, commercial hire purchase, finance lease or rent to own, we structure the finance around your business, cash flow and the skid steer loader you’re purchasing.
One application. Most competitive lender pricing across Australia. Fast approvals. One dedicated broker for this skid steer loader and every skid steer loader after that. No handovers or call centres.
Why finance with Overdrive Machinery Finance
Low Doc, Light Doc & Full Doc Machinery Finance
When applying for machinery finance, lenders will generally offer Low Doc, Light Doc or Full Doc options. The right choice depends on your business structure, trading history, and the type of machine you're purchasing.
| Feature | Low Doc Machinery Finance | Light Doc Machinery Finance | Full Doc Machinery Finance |
|---|---|---|---|
| Financial Statements Required | No | No | Yes |
| BAS Statements Required | No | Usually | Sometimes |
| Business Bank Statements | No | Yes | Sometimes |
| Approval Speed | Fastest | Fast | Standard |
| Interest Rates | Higher | Competitive | Most Competitive |
| Borrowing Capacity | Up to $500k | Up to $500k | Up to $10m+ |
| Ideal Outcome | Quick approval with minimal paperwork | Balance of flexibility and pricing | Best pricing and maximum borrowing power |
Which Option Is Right For You?
Need help deciding? Our finance specialists will assess your circumstances and recommend the most suitable asset finance solution for your business.
| If You Are… | Recommended Option |
|---|---|
| Self-employed or businesses with limited financial records | Low Doc |
| Businesses with bank statements and BAS available | Light Doc |
| Businesses with full financials | Full Doc |
Low Doc Machinery Finance
Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.
Light Doc Machinery Finance
Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.
Full Doc Machinery Finance
Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.
Skid Steer Loader Chattel Mortgage — frequently asked questions
What is a chattel mortgage for a skid steer loader?
A chattel mortgage is a common type of machinery finance for Australian businesses. The business purchases and owns the skid steer loader from the start, while the lender takes security over the skid steer loader until the finance is fully repaid.
How does a chattel mortgage work for machinery finance?
With a skid steer loader chattel mortgage, the lender provides finance towards the purchase of the skid steer loader and your business takes ownership from settlement. You then make regular repayments over an agreed loan term. Once the loan and any balloon payment are fully repaid, the lender’s security over the skid steer loader is removed.
Can I claim the GST on a skid steer loader purchased with a chattel mortgage?
If your business is registered for GST and eligible to claim an input tax credit, you may be able to claim the GST component of the skid steer loader purchase price through your BAS. Your individual GST position can vary, so you should confirm the treatment with your accountant or tax adviser.
Is a chattel mortgage on a skid steer loader tax deductible?
Depending on your circumstances and business use of the skid steer loader, you may be able to claim deductions for depreciation and the interest component of your chattel mortgage repayments. Tax treatment depends on your individual circumstances, so speak with your accountant or tax adviser.
Can I have a balloon payment on a skid steer loader chattel mortgage?
Yes. A skid steer loader chattel mortgage can generally be structured with a balloon payment at the end of the loan term. A larger balloon can reduce your regular repayments, but it also leaves a larger amount to pay or refinance at the end of the loan.
What are the interest rates on a skid steer loader chattel mortgage?
Chattel mortgage interest rates for skid steer loaders vary between lenders and depend on factors including your business history, credit profile, skid steer loader age, loan amount and overall application. Comparing multiple lenders can help identify a competitive rate for your circumstances.
Can I use a chattel mortgage to finance a used skid steer loader?
Yes. Chattel mortgages can be used to finance new and used skid steer loaders, subject to lender requirements. The age, condition and value of a used skid steer loader can affect which lenders will finance it, the available loan term and the interest rate offered.
Do I need a deposit for a skid steer loader chattel mortgage?
Not always. Some lenders may offer skid steer loader chattel mortgage finance without a deposit, depending on the strength of the application, the skid steer loader being purchased and the amount financed. Other applications may require an upfront contribution.
How long can I finance a skid steer loader with a chattel mortgage?
Skid steer loader chattel mortgage terms vary between lenders and are influenced by factors such as the age and type of skid steer loader. Choosing the right loan term can help balance regular repayments with the total cost of the finance.
What is the difference between a chattel mortgage and a finance lease for a skid steer loader?
The main difference is ownership. With a chattel mortgage, your business owns the skid steer loader from the start and the lender takes security over it. With a finance lease, the lender generally owns the skid steer loader during the lease term and your business makes lease payments for its use. The GST, tax and end of term treatment can also differ, so the right structure depends on your business and circumstances.
More Skid Steer Loader finance options
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