Quick answer
Ute finance can support business vehicle purchases where the ute is used commercially and the finance structure suits cash flow.
- Single, extra and dual cab utes
- New and used vehicles
- Trade and contractor use
- Dealer or private sale
Ute finance is common for tradies, contractors and businesses that need reliable work vehicles. Lenders will look at the applicant, vehicle, purchase price and whether the ute is being used for business purposes.
What lenders may consider
- ABN and GST status where relevant
- Business income and bank conduct
- Vehicle age, kilometres and condition
- Whether accessories are included in the purchase
Accessories and upgrades
Canopies, trays, toolboxes and other accessories may sometimes be included where they are part of the commercial vehicle purchase and supported by invoices.
Frequently asked questions
Yes. Used ute finance may be possible, depending on the vehicle age, kilometres, condition and applicant profile.
Sometimes, where accessories are part of the purchase and make sense for the business use.
Requirements vary. Some applications may be considered with simpler documentation depending on profile and lender appetite.