Key highlights
- Spread the cost and protect your working capital
- Usually a chattel mortgage with business ownership
- Smaller amounts may be approved low-doc on your ABN
- 80-plus lenders compared without the legwork
- Soft check to quote — no credit-score impact
For a small business, a reliable ute is often essential to getting the work done. Financing one spreads the cost and helps protect working capital. This guide covers the basics of small business ute finance.
What is small business ute finance?
Small business ute finance is a commercial arrangement, usually a chattel mortgage, where your business takes ownership of the ute and repays it over an agreed term. Because it's assessed on business criteria, the focus is on your ABN, trading history, and the vehicle rather than personal lending rules.
What documents and eligibility apply?
Requirements scale with the loan. Smaller amounts may be approved on a low-doc basis using your ABN and credit history, while larger loans can call for financials or BAS. Everything is subject to lender criteria. For questions on GST or claiming depreciation, check with your accountant or registered tax adviser.
How do you compare lenders without the legwork?
Small business owners rarely have time to compare dozens of lenders. Overdrive's Simon Kendrick does exactly that across a panel of 80-plus banks and non-bank lenders, helping you potentially land competitive terms suited to your business.
How do you get a small business ute quote?
If your small business needs a work ute, request an obligation-free quote from Overdrive. It's a soft check that won't affect your credit score, and you'll work with one broker throughout.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.