Key highlights
- Chattel mortgage lets tradies own the ute from day one
- Keeps cash free for materials and wages
- Low-doc options may suit eligible applicants
- One broker compares 80+ banks and non-bank lenders
- Obligation-free quote around your schedule, soft check first
For most tradies the ute is the business, carrying tools, gear and the means to get the job done. Financing it well keeps cash free for materials and wages. Here is how ute finance typically works for tradies on the tools.
How does ute finance work for tradies?
Tradies commonly fund utes through a chattel mortgage, owning the vehicle from day one while spreading the cost. Because the ute is a genuine work asset used mainly for business, it fits neatly within commercial finance. Fit-outs such as racks, drawers and toolboxes can often be included when they form part of the purchase.
What documents do tradies need?
Trades income can be lumpy, and paperwork is not always current. Low-doc options may suit eligible applicants who cannot supply full financials, relying instead on bank statements, an active ABN and a declaration. Requirements vary between lenders, so what is available depends on your situation.
How do tradies compare lenders?
Rather than approaching banks one at a time between jobs, a broker compares the market for you. The Overdrive panel spans more than 80 banks and non-bank lenders, making it easier to match a busy tradie to a lender likely to suit, subject to assessment.
Simon and the Overdrive team can sort an obligation-free quote around your schedule. The initial enquiry is a soft check that does not affect your credit score. Get in touch to keep your working capital where it belongs.
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