Key highlights
- Chattel mortgage funds utes for construction crews
- Repayments can be structured around project cycles
- Finance one ute now and add more as you grow
- Keeps cash available for project demands
- Obligation-free quote for one ute or several
In construction, utes move crews, gear and materials across sites every day. Financing them the right way keeps cash available for the demands of a project-driven business. Here is how ute finance generally works for construction operators.
How does ute finance work for construction?
Construction businesses often fund utes through a chattel mortgage, owning each vehicle while spreading the cost over the term. Whether you need a rugged single-cab for hauling or a dual-cab to carry the crew, finance can be structured around how the ute is used. Canopies, trays and fit-outs may be included when part of the purchase.
How do repayments suit project cycles?
Construction income can be uneven, tied to progress claims and project stages. Lenders understand this, and repayment terms can be structured to suit. Keeping working capital free for materials, subcontractors and wages is often a key reason to finance rather than buy outright. Your accountant can advise on the tax side.
Can you finance more utes as you grow?
As a construction business grows, so does the vehicle need. Finance can cover a single ute now and additional vehicles later, and fleet arrangements may suit larger operators. Comparing across the Overdrive panel helps match your requirements to lenders comfortable with the industry.
Simon can prepare an obligation-free quote for one ute or several. The first check is a soft enquiry with no impact on your credit score. Contact Overdrive to talk through finance for your construction business.
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