Business Vehicle Finance Australia
Australia's home of low-rate business vehicle finance for ABN holders, sole traders and companies. We compare the market, negotiate the best deal and manage everything from application to settlement for a hassle-free experience.
Free No-Obligation Quote
Compare options with 80+ lenders. No credit impact.
Low-Rate Vehicle Finance Australia
Looking for the lowest rate on business vehicle finance for a car, van or ute? We're known for delivering cheaper rates and repayments than banks and dealerships - for ABN holders, self-employed individuals, sole traders, tradies, owner-operators, companies, start-ups and established businesses across all industries.
With access to more than 80 banks and specialist lenders, we compare the market to secure the most competitive rates, repayments and loan terms available. We offer flexible repayments, balloon payment options and early payout flexibility, and also assist with post-settlement administration, including existing finance payouts and related documentation.
Most clients are surprised by how much lower our rates and repayments are compared to financing through a dealership, bank or another broker. If you've been quoted elsewhere, send us the quote and we'll review it free of charge to see if we can beat it.
We arrange finance for business cars, vans, utes, buses, trucks - new, used and demo vehicles purchased through dealerships, private sellers and auctions.
Low-doc (no financials) business vehicle finance up to $500,000 and no deposit finance is available for eligible applicants.
Get in touch with Simon for a free, no-obligation quote and discover how much you could save on vehicle finance.
Range Of Solutions
We provide custom solutions to support your business at every stage of growth:
- No doc vehicle finance
- Lite doc vehicle finance
- Low doc vehicle finance
- No financials vehicle finance
- Full doc vehicle finance
- No deposit vehicle finance
- Bad credit vehicle finance
- Used vehicle finance
- New vehicle finance
- Chattel mortgage
- Vehicle lease
- Hire purchase
- Rent-to-own
- Sale & leaseback
Vehicles We Finance
We arrange finance for all new and used business vehicles:
- Cars & sedans
- Vans & cargo vans
- Utes & dual cabs
- SUVs & 4WDs
- Trucks
- Light commercial vehicles
- Service & maintenance vehicles
- Courier and delivery vehicles
Unbeatable Rates - Always Compare Before Signing
We're known for securing the cheapest business vehicle finance rates, consistently beating quotes from banks, dealerships, and other brokers. Through our free vehicle loan comparison service, we'll compare any quote against our panel to secure you a lower rate with reduced repayments.
Never rely on a verbal interest rate. Many brokers and dealer quote rates over the phone without disclosing all fees and charges, making finance appear cheaper than it really is. That's why it's essential to get your quote in writing to compare actual repayments, as they reveal the true cost of the loan.
If you've received a quote, send it through for a free review. We'll break down the interest rate, repayments, fees, loan structure, and total cost, identify any hidden charges, and let you know if a better deal is available.
A few minutes spent comparing finance options could save your business thousands over the life of the loan.
Get Pre-Approved For Business Vehicle Finance Before You Buy
A business vehicle finance pre-approval gives you a real advantage when buying from a dealership, auction, or private seller. With finance already in place, you'll know exactly what you can afford and have greater negotiating power as a serious buyer.
We'll confirm your borrowing capacity, interest rate, loan term, and estimated repayments upfront. With decisions available in as little as 24 hours and approvals valid for up to 90 days, you'll be ready to act when the right vehicle comes along.
Simply send us the invoice and we'll arrange settlement and release the funds.
Why Use A Vehicle Finance Broker?
At Overdrive Funding, we do more than arrange vehicle loans — we help businesses (ABN holders) secure the right finance deal to support growth, preserve cash flow, and maximise purchasing power.
Rather than being limited to one bank, we compare over 80 lenders to access competitive rates, flexible terms, and stronger approval opportunities.
Whether you're financing a ute, van, car, or an entire fleet, we tailor finance solutions to suit your business needs.
Our goal is simple: to make finance quick, easy, and hassle-free at the most competitive rate possible.
What can a broker offer that a bank cannot?
New ABN & Low Doc
Finance available from day one of your ABN, with low doc options up to $500k without full financial statements for eligible applicants.
All Credit Profiles
Solutions for businesses with defaults, past credit issues or circumstances that fall outside standard bank lending criteria.
Private Sales & Auctions
Finance for trucks purchased from private sellers, auction houses and interstate dealers — not just franchised dealerships.
Older Trucks Welcome
Finance for trucks and trailers up to 25 years old at end of loan term, including older stock that most banks won't touch.
Asset-Specific Knowledge
Heavy vehicles are valued, aged and secured differently from cars. A broker who writes truck deals daily knows which lenders understand a B-double set, a tipper and dog, or a specialised body build.
Speed
Applications submitted in the format a particular credit team expects move faster. Approvals in 24 to 48 hours are achievable on straightforward deals, which matters when a truck is under offer.
Protecting Your Credit File
A broker who knows which lender fits does not need to scatter applications across the market. Multiple enquiries in a short window can work against you.
Preserving Your Bank Facilities
Financing the truck away from your main bank keeps your overdraft and other lines free for working capital.
Structuring Options
Term, balloon and repayment frequency shaped around what the truck earns rather than a standard template.
Low Doc, Light Doc & Full Doc Business Vehicle Finance
When applying for business vehicle finance, lenders will generally offer Low Doc, Light Doc or Full Doc options. The right choice depends on your business structure and the financial records you can provide.
Low Doc Business Vehicle Finance
Light Doc Business Vehicle Finance
Full Doc Business Vehicle Finance
| Feature | Low Doc Business Vehicle Finance | Light Doc Business Vehicle Finance | Full Doc Business Vehicle Finance |
|---|---|---|---|
| Financial Statements Required | No | No | Yes |
| BAS Statements Required | No | Usually | Sometimes |
| Business Bank Statements | No | Yes | Sometimes |
| Approval Speed | Fastest | Fast | Standard |
| Interest Rates | Higher | Competitive | Most Competitive |
| Borrowing Capacity | Up to $300k | Up to $300k | Up to $10m+ |
| Ideal Outcome | Quick approval with minimal paperwork | Balance of flexibility and pricing | Best pricing and maximum borrowing power |
Which Option Is Right For You?
Need help deciding? Our finance specialists will assess your circumstances and recommend the most suitable asset finance solution for your business.
| If You Are... | Recommended Option |
|---|---|
| Self-employed or businesses with limited financial records | Low Doc |
| Businesses with bank statements and BAS available | Light Doc |
| Businesses with full financials | Full Doc |
Low Doc Business Vehicle Finance
Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.
Light Doc Business Vehicle Finance
Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.
Full Doc Business Vehicle Finance
Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.
Compare Your Options
Why Businesses Choose Overdrive
See how going through Overdrive compares to a bank, a typical broker, or dealership finance.
WORKING WITH US
MULTIPLE LENDERS, ONE APPLICATION
GOING TO BANK
ONE RATE, ONE CREDIT POLICY
TYPICAL FINANCE BROKER
LIMITED PANEL, GENERALIST APPROACH
DEALERSHIP FINANCE
ONE OPTION, THEIR RATE
Working With Us
80+ lenders compared in one applicationGoing to Bank
One lender, their own products onlyTypical Finance Broker
A limited lender panel of 10-30 lendersDealership Finance
One or two finance partners, or a broker they refer you toWorking With Us
We deliver you 2-3 options to choose fromGoing to Bank
One product, full financials requiredTypical Finance Broker
Gives you one option, tells you this is the best dealDealership Finance
One rate offered, take it or leave itWorking With Us
100% free — we don't charge any in-house service feesGoing to Bank
Charges application/establishment fees and document feesTypical Finance Broker
Typically charges a service fee at settlementDealership Finance
Cost built into an inflated priceWorking With Us
Approvals often within 24-48 hoursGoing to Bank
Slow — weeks, through many handsTypical Finance Broker
Varies, depends on their panelDealership Finance
Fast, but rate is often non-negotiableWorking With Us
Fast pre-approval valid for 90 daysGoing to Bank
Slow or no pre-approval before you buyTypical Finance Broker
Available, panel-dependentDealership Finance
Tied to that one vehicle onlyWorking With Us
Specialist lenders for tougher credit profilesGoing to Bank
Conservative — minimal policy exceptionsTypical Finance Broker
Some flexibility, panel-dependentDealership Finance
Prime borrowers onlyWorking With Us
One soft credit check while we quoteGoing to Bank
A hard enquiry on every direct applicationTypical Finance Broker
Usually shops you around, making multiple enquiriesDealership Finance
Hard credit enquiry without rate comparisonWorking With Us
Independent — We work for our clients and on their time, no pushy sales or rushGoing to Bank
Serves the bank, not youTypical Finance Broker
Sales and volume-focused, not looking out for your best interest and pushing to sign contractDealership Finance
Serves the dealer's finance targets with pressure to sign on the spotWorking With Us
Direct access to Simon, the DirectorGoing to Bank
No direct numbers, with rotating staff and call centresTypical Finance Broker
High staff turnover — clients passed between brokersDealership Finance
A salesperson upselling financeWorking With Us
Available 7 days a week, including after hoursGoing to Bank
Business hours onlyTypical Finance Broker
Business hours only with no weekend supportDealership Finance
Showroom hours onlyWorking With Us
Older trucks up to 25 years and trailers 30 years by end of termGoing to Bank
Tightly capped, around 10-15 yearsTypical Finance Broker
Depends on their limited panelDealership Finance
New & near-new stock focusWorking With Us
Buy from any dealer, private seller or auctionGoing to Bank
Restrictions may applyTypical Finance Broker
Usually dealer or private onlyDealership Finance
That dealership onlyWorking With Us
Full support through settlement & beyondGoing to Bank
Little contact after settlementTypical Finance Broker
Focuses on converting sales rather than long-term supportDealership Finance
None after the saleWhat To Expect When Working With Us
A Simple, Stress-Free Finance Process
From your first enquiry to finance approval, settlement and ongoing support, Simon personally manages the entire process. No call centres, no handovers and no unnecessary paperwork.
- 01
Consult, Compare & Choose
Speak directly with Simon about your vehicle and business requirements. We'll assess your needs, compare suitable options across major banks and 80+ non-bank lenders, and present competitive rates and flexible terms to help you make an informed decision.
- 02
Conditional Approval
We prepare and submit your application in the format each lender expects. Conditional approval is typically available within 24 to 48 hours on straightforward deals. Eligible applicants can secure pre-approval valid for up to 90 days. Subject to lender approval.
- 03
Sign Documents & Get Funded
Once your finance receives final approval, we'll coordinate the loan contracts and settlement requirements with the lender and seller. Simply review and sign your documents, and we'll arrange settlement so you can collect your vehicle and get back to business.
- 04
Ongoing Support
Our service doesn't end at settlement. Simon remains your dedicated finance broker, assisting with payout figures, loan statements, refinancing, additional asset purchases and future funding requirements. You'll always deal directly with someone who knows your business.
Better rates. Smarter finance. Bigger opportunities.
One purchase or a bigger funding plan — start with a free conversation.
Recently Funded
Real Deals, Real Businesses
A sample of recent facilities we've settled for Australian businesses.
$150k
Business Ute
Industry
Plumbing
State
QLD
Facility Type
Low Doc
Turnaround
Same day approval
$88k
Toyota HiLux (×2)
Industry
Building & Construction
State
NSW
Facility Type
Low Doc
Turnaround
Approved in 24 hours
$310k
Ford Transit Fleet (×3)
Industry
Courier & Delivery
State
VIC
Facility Type
Full Doc
Turnaround
Approved in 3 days
$45k
Business Van
Industry
Cleaning Services
State
VIC
Facility Type
Low Doc
Turnaround
Approved in 48 hours
$222k
Business Ute Fleet (×4)
Industry
Electrician
State
VIC
Facility Type
Low Doc
Turnaround
Approved in 24 hours
$480k
Isuzu NPS Fleet (×4)
Industry
Logistics
State
WA
Facility Type
Full Doc
Turnaround
Approved in 5 days
Showing recent facilities settled. Client names withheld for privacy. View all recently funded deals.
Repayment Calculator
Business vehicle finance calculator
Use our free online business vehicle finance calculator to estimate monthly loan repayments and compare interest rates, loan terms and balloon payments. Simply enter your loan amount, interest rate, repayment term and balloon amount to calculate your estimated vehicle finance repayments in seconds.
Need help?
Loan term
Balloon / residual
Repayment frequency
Your indicative repayment
$3,005/month
≈ $692/week
7.49% p.a. · 5 years · 0% balloon
Loan principal: $150,000
Ready to see your true rate?
This is indicative at 7.49% p.a. Your actual rate depends on the business vehicle, your ABN history and credit profile. Get a personalised quote — no credit impact, no obligation.
Indicative only. Does not represent an offer of credit. Assumes 7.49% p.a. fixed, secured loan for business use. Does not include fees, charges or individual circumstances. Actual rate subject to lender criteria and credit assessment.
Reviews
What Our Clients Say
★★★★★ 5.0 / 5 based on our Google reviews
FAQ
Business Vehicle Finance Australia — Frequently Asked Questions
Common questions about business vehicle finance australia — answered.
What are the current business vehicle finance rates in Australia?
Business vehicle finance rates in Australia currently range from around 5.99% to 14% per annum depending on the vehicle type, ABN history, credit profile and lender. New vehicles for established businesses with clean credit attract the sharpest rates. We compare 80+ lenders to find the best available rate for your vehicle and business situation.
Do I need insurance to finance a vehicle?
Yes. Most lenders require proof of comprehensive insurance before settlement. We recommend arranging it in advance so it doesn't delay your finance — and if you need cover, we can arrange insurance for you as part of the process.
What business vehicles can you finance?
We finance utes, vans, passenger cars, SUVs and light commercials for business use under ABN. Whether you need one vehicle or an entire fleet, we compare 80+ lenders for the best rate.
What is ABN vehicle finance?
ABN vehicle finance allows businesses trading under an ABN to finance a vehicle using their business profile, often accessing better rates and tax benefits than personal finance. Low doc up to $300k with just your ABN and bank statements.
Can I finance a vehicle as a sole trader?
Yes. Sole traders are eligible for business vehicle finance under ABN. We have lenders who specialise in sole trader and self-employed applicants, with low doc options up to $300k.
Is there GST on business vehicle finance?
If you're registered for GST and the vehicle is used for business purposes, you may be able to claim a GST input tax credit on the purchase price. Speak to your accountant about your specific situation.
Can I get vehicle finance for a tradie ute or work van?
Yes. Utes and vans used for business purposes are among the most commonly financed vehicles under ABN. Low doc options are available up to $300k — typically requiring just your ABN, driver's licence and bank statements.
Can I get fleet vehicle finance?
Yes. We arrange fleet finance packages for businesses needing multiple vehicles. Fleet applications can often be structured under a single application with competitive rates based on total volume and your overall credit profile.
What is the difference between a chattel mortgage and a novated lease for business vehicles?
A chattel mortgage is a business-owned finance arrangement where the vehicle is an asset on your balance sheet and you can claim GST upfront. A novated lease is an employee benefit involving salary sacrifice through your employer — payments come from pre-tax salary. For ABN holders and companies buying in their own name, chattel mortgage is typically the more straightforward and common choice.
What types of vehicles can you finance?
We finance utes, vans, cars, SUVs, commercial vehicles, cab chassis and fleet vehicles for business use. Both new and used, from dealerships, private sellers and auctions.
Can I finance a used vehicle?
Yes. Used vehicle finance is available for most makes and models. Age limits vary by lender but used vehicles up to 10–15 years old are financeable through most of our panel.
What is the minimum ABN age for vehicle finance?
Some lenders require 12 months of ABN history. Others accept new ABNs from day one with the right credit profile. We identify the right lender for your situation.
Can I get a no-deposit vehicle loan?
Yes. No-deposit vehicle finance is available for eligible ABN holders with a strong credit and trading profile.
Can I finance multiple vehicles in one application?
Yes. Fleet finance packages covering multiple vehicles in a single application are available. We'll structure the most efficient arrangement across our lender panel.
What is the typical term for a business vehicle loan?
Vehicle finance terms typically range from 1 to 7 years. We'll recommend a term that balances monthly repayments against total interest cost.
Can I claim a business vehicle as a tax deduction?
Yes. Business vehicles financed under a chattel mortgage can generate tax benefits — you can claim the GST upfront and depreciation over the asset's effective life. Speak to your accountant about your specific position.
Can I finance a vehicle from a private seller?
Yes. We arrange finance for vehicles purchased from private sellers anywhere in Australia, including interstate purchases.
Does the vehicle need to be for 100% business use?
Most commercial lenders require the vehicle to be primarily for business use (typically 50%+). For purely personal vehicles, different consumer finance products apply. We'll confirm the right product for your intended use.
Can I trade in my current vehicle?
Yes. Your trade-in can offset the purchase price and reduce the loan amount, which may improve your rate or approval odds.
How long does vehicle finance approval take?
Most applications receive a decision within 24–48 hours. Settlement can often occur within 2–3 business days of approval.
Lending Panel
Access to 80+ Lenders In One Place
Overdrive Commercial Funding is directly accredited with all major banks, commercial non-bank, specialist and private lenders.
