How to Finance a Posi-Track

A familiar, flexible structure

A Posi-Track finances much like a compact track loader or skid steer: a chattel mortgage secured by the machine, letting you own it while claiming available GST and depreciation, which your accountant can confirm. Terms commonly run one to five years, and because these machines are moderately priced, many operators pay the loan out over the term without a balloon. Strong, asset-backed applications are priced from around 7.20% p.a., while older machines, private sales or lower-doc deals sit higher and remain subject to lender assessment. Established trades often qualify without a deposit.

Track condition matters

Unlike wheeled machines, a Posi-Track runs on rubber tracks, and their condition is a genuine valuation factor. Worn or damaged tracks are costly to replace and lower the security value, so machines with good track life, or evidence of recent replacement, present more strongly. Lenders and valuers also review hours, undercarriage condition, make and overall wear. Buying from a dealer with a service record generally helps versus a private sale. It is worth checking track condition before you buy, since it affects both the finance valuation and your running costs.

Attachments to include

A Posi-Track earns its versatility through attachments, and most can be financed alongside it. Four-in-one buckets, general buckets, mulchers, augers, trenchers, grapples and pallet forks bought at the same time can typically go on the one facility, giving you a work-ready package on a single repayment. Adding attachments later may mean a top-up or small separate loan, so plan ahead. List every attachment you expect to need when requesting a quote, especially mulching and trenching gear that landscapers and site contractors rely on daily. Planning the full package at the outset means the amount and structure suit your work from day one, rather than needing adjustment later.

Getting approved

Pre-approval sets a clear budget and lets you buy with confidence from a dealer, auction or private seller. Have your ABN and GST details, licence and a sense of the machine, attachments and price ready, plus bank statements for larger amounts. Indicative options and same-day pre-approval are often achievable for eligible applicants, with settlement following quickly once the invoice is in. Knowing the model, track condition and attachments up front keeps the process efficient and helps the lender value the package. Because these machines are in strong demand, straightforward purchases often move quickly from quote to settlement once the supplier and price are confirmed.

If you are ready to move, Overdrive can compare offers from more than 80 lenders on a single application and match the structure to your trade work and cash flow. Send through the machine details and a little about your business, and Simon Kendrick will come back with indicative options and next steps. Same-day pre-approval and quick settlement may be available for eligible applicants.