Key highlights
- Fund several utes on individual or combined facilities
- Servicing the combined repayments is the key test
- Structure the deal for utes you'll add later
- 80+ lenders compared around your fleet plan
- Obligation-free quote via a soft check
Growing businesses frequently need more than one ute at a time, whether it's adding two vehicles for new crews or replacing several at once. Financing multiple utes together is common, and there are a few ways to structure it for eligible ABN holders.
How does financing multiple utes work?
Lenders can fund several utes on individual contracts or, in some cases, under a combined facility. The right structure depends on how many vehicles you need, your cash flow, and how you want repayments organised. Separate contracts can offer flexibility as vehicles are replaced at different times.
How does borrowing capacity affect it?
The main consideration is whether your business can service the combined repayments. Lenders assess your trading history, existing commitments, ABN and, for larger totals, may ask for financials or property security. With 80+ lenders on the panel, Simon Kendrick can find one whose appetite suits multiple assets, subject to lender criteria.
Can you keep adding utes later?
If you expect to keep adding vehicles, we can approach the deal with that in mind so future purchases stay manageable. Any tax or depreciation questions across several vehicles should be confirmed with your accountant or registered tax adviser.
Need two, three or more utes? Request an obligation-free Overdrive quote and Simon will structure the panel comparison around your fleet plans. It's a soft check that won't affect your credit score.
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