Ute Finance With ATO Debt

Key highlights

• A tax debt doesn't automatically rule out finance
• A managed payment plan you're meeting helps your case
• Some non-bank lenders consider ATO debt directly
• 80-plus lenders compared to find the right fit
• Soft-check quote won't affect your credit score

How do lenders view ATO debt?

Lenders want to understand the size of your ATO debt, whether it's on a payment plan, and whether you're meeting that plan. A managed, up-to-date arrangement is viewed far more favourably than an unmanaged or growing debt. Some lenders are more flexible on tax arrears than others.

What strengthens an application with ATO debt?

A formal payment plan you're keeping to, a clean recent credit history, an established ABN, or a deposit can all help. Some non-bank lenders specialise in applicants with ATO debt. Eligibility is subject to lender criteria, and it's wise to discuss your tax position with your accountant or registered tax adviser.

How do you find a lender for ATO debt?

Approaching the wrong lender with ATO debt often ends in a decline. Overdrive's Simon Kendrick compares 80-plus banks and non-bank lenders and knows which ones consider tax arrears, so your application goes where it has a real chance.

How do you get a quote with ATO debt?

Have an ATO debt and need a work ute? Request an obligation-free quote from Overdrive. It's a soft check that won't affect your credit score, and we'll explore what's possible.