Key highlights
- No-deposit / 100% finance may be available
- Keeps cash in the business, subject to lender criteria
- Solid ABN history and clean credit support approval
- Check the repayment profile suits your cash flow
- 80+ lenders compared through Simon Kendrick
Keeping cash in the business is a priority for many owners, which is why no-deposit vehicle finance is a popular question. In some cases it may be possible to finance the full amount without an upfront deposit. Here is how the category generally works.
How does no-deposit finance work?
No-deposit finance means the lender may fund the vehicle without requiring money down at the start, subject to their criteria. This can help preserve working capital. Whether it is available often depends on the applicant's strength, the vehicle and the lender's appetite at the time.
What supports no-deposit approval?
Eligible applicants with a solid ABN history, clean recent credit and a good-quality vehicle are often better placed for no-deposit options. Some lenders may consider property ownership as part of the assessment. Requirements differ, so nothing is guaranteed.
What to keep in mind with no-deposit finance?
Financing the full amount changes your repayment profile, so it is worth checking the numbers suit your cash flow. Any tax or GST treatment should be confirmed with your accountant or registered tax adviser.
How do you explore no-deposit options?
Overdrive Business Vehicle Finance compares 80+ banks and non-bank lenders through Managing Director Simon Kendrick, your single point of contact. Request an indicative quote and a soft check to see what may be possible for your business.
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