Key highlights
- Know how much you may borrow before you commit
- Pre-approval makes you a serious, ready buyer
- Based on ABN, trading history and financials
- Strengthens negotiating at dealer, private sale or auction
- Indicative pre-approval across 80+ lenders
Pre-approval tells you how much you may be able to borrow before you commit to a bus. It gives you a clear budget and lets you negotiate as a ready buyer. Here is how it works.
What is bus finance pre-approval?
Pre-approval is an indicative sign-off from a lender based on your business's financial position, before you've picked a specific bus. It's not a final approval, but it gives you a strong sense of your borrowing capacity and price range, subject to lender criteria and final checks.
Why get pre-approved for a bus?
Walking into a dealership, private sale or auction with pre-approval makes you a serious buyer and can strengthen your negotiating position. It also removes the stress of finding finance under time pressure once you've found the right bus. You buy knowing your budget upfront.
What do you need for pre-approval?
Lenders typically look at your ABN and trading history, and often some financials or bank statements depending on the size of the loan and the structure chosen. A broker can tell you exactly what applies to your situation. For any tax planning around the purchase, check with your accountant or registered tax adviser.
How do you get pre-approved?
Simon can arrange indicative pre-approval across Overdrive's panel of 80-plus lenders so you can shop with confidence. Request an obligation-free quote. It's a soft check that won't affect your credit score.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.