Key highlights
- Pty Ltd company becomes the borrower on the ute
- Usually structured as a chattel mortgage from day one
- Low-doc company options may suit eligible applicants
- 80-plus banks and non-bank lenders compared
- Obligation-free quote via a soft check only
If your business trades as a Pty Ltd company, financing a ute is well-trodden ground for commercial lenders. The company becomes the borrower, and the ute sits on the balance sheet as a business asset.
How is company ute finance structured?
For a company, ute finance is usually arranged as a chattel mortgage, where the company owns the ute from day one and the lender holds a mortgage over it until the loan is repaid. Directors are often asked to provide a personal guarantee. The structure keeps the vehicle clearly as a business asset.
What do lenders ask a company for?
Requirements vary by lender and loan size. Some offer low-doc company ute finance on the strength of the ABN and a clean credit history, while others request financials or BAS for larger amounts. Eligibility is always subject to lender criteria. Speak with your accountant or registered tax adviser about how a company vehicle is treated for GST and depreciation.
How do you compare lenders for a company?
Pricing and document requirements differ widely between lenders. Simon Kendrick at Overdrive compares a panel of 80-plus banks and non-bank lenders, helping your company potentially secure competitive terms without shopping around yourself.
How do you get a company ute finance quote?
Ready to finance a ute through your company? Ask Overdrive for an obligation-free quote. It's a soft check that won't affect your credit score, and you deal with one broker throughout.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.