Key highlights
- Van finance options exist for freshly registered ABNs
- A deposit, trade-in or clean credit strengthens your case
- Industry experience can help offset limited history
- Approval and terms subject to lender criteria
- Soft check to quote, no credit-score impact
Just registered your ABN and need a van to start earning? A new ABN makes finance a little tighter, but options genuinely exist for fresh businesses.
Does a new ABN affect van finance?
Lenders like to see a track record, so a new ABN means less history to assess. Some mainstream lenders prefer a longer trading period, but Overdrive's panel of 80+ includes lenders comfortable with new businesses under the right conditions.
How to strengthen a new ABN application?
A deposit or trade-in, a clean personal credit history, GST registration, or evidence of prior experience in your industry can all help. Property ownership may also support your case. These offset the lack of trading history for eligible applicants.
What to expect with a new ABN?
Approval is subject to lender criteria, and terms may differ from those offered to long-established businesses. Being upfront and organised with your documents helps a broker present your application in its best light.
Simon Kendrick can point your new ABN to the lenders most likely to help. Request an obligation-free Overdrive quote. It is a soft check that won't affect your credit score.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.