Key highlights
- Multiple vehicles can be financed together
- Separate facilities or a coordinated structure
- Stronger overall position supports larger amounts
- One broker keeps the paperwork and contacts simple
Growing businesses often need more than one vehicle at once, whether adding to a small team or replacing several older units. Financing multiple vehicles together is possible, but it is assessed a little differently. Here is what to know.
Can you finance more than one vehicle?
Lenders can finance multiple vehicles, either under separate facilities or in a coordinated way, depending on the total amount and your business. As the combined exposure grows, they naturally look more closely at your capacity to service it all, subject to lender criteria.
How does assessment change for multiple vehicles?
With several assets involved, financials, cash flow and existing commitments carry more weight. A stronger overall position supports a larger combined amount. Different vehicle types in the mix, from utes to light trucks, may each be assessed on their own merits.
How do you keep multiple loans manageable?
Financing several vehicles through one broker keeps the paperwork and points of contact simple. It also allows the structure to be planned as a whole rather than piecemeal, which can make future additions easier.
How do you finance several vehicles?
Need more than one vehicle? Simon at Overdrive can structure finance across 80+ lenders. Request an obligation-free quote. It is a soft check that will not affect your credit score.
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