Car, truck & equipment finance · Commercial vehicles
Commercial vehicle finance for utes, vans and trucks
Finance for the vehicles your business runs on, from a single ute or van to trucks, trailers and whole fleets. We compare 40+ lenders, including major banks and specialist asset lenders, to find the structure that fits your cash flow.
We're based in South Melbourne and arrange commercial vehicle finance for businesses across Victoria and Australia-wide, all by phone, email and e-signature.
Often financed
Ways to structure it
- Chattel mortgage: you own the vehicle from day one and the lender takes security over it. This is the most common choice for ABN holders.
- Finance lease: the lender owns the vehicle and you lease it for a set term, with a residual at the end.
- Hire purchase: the lender owns the vehicle until the final payment, then ownership passes to you.
Each one is treated differently for tax and GST, so check with your accountant which suits your business. Our guide to chattel mortgage vs finance lease vs hire purchase explains the differences.
Who we help
- Tradies buying or upgrading a ute, van or tray top
- Couriers and delivery drivers
- Transport and logistics operators financing trucks, prime movers and trailers
- Businesses adding vehicles to a fleet
- Newer ABN holders and low-doc borrowers, through specialist lenders
What you'll usually need
- Your ABN and driver's licence
- Recent business bank statements, or financials and tax returns for larger loans
- The dealer invoice or private seller's details
- Details of any existing finance
What a lender asks for depends on the loan size, how long you've had your ABN and the vehicle itself. We'll tell you exactly what's needed up front.
How it works
- Quote: call 03 9088 3384 or use our online quote tool. Tell us about the vehicle, your business and your timing.
- Compare: we check 40+ lenders and recommend the one that fits, with the rate, fees and repayments in writing.
- Documents: send ID, bank statements and the invoice or seller details by email.
- Sign and settle: you sign electronically, and the lender pays the dealer or seller directly.
FAQs
Can you finance new and used commercial vehicles?
Yes. We arrange finance for new and used utes, vans, trucks and trailers, from dealers or private sellers. Older vehicles can affect which lenders are available, so tell us the year and kilometres when you ask for a quote.
Can I buy from a private seller?
Yes. The lender checks nothing is owing on the vehicle, then pays the seller directly when the loan settles.
Do you have low-doc options?
Yes. If you have an established ABN and can't easily provide full financials, some lenders accept fewer documents, such as an accountant's letter or business bank statements. Rates and criteria differ from full-doc loans.
What is a balloon payment?
A balloon is a lump sum left owing at the end of the loan. It lowers your regular repayments, but you'll need to pay, refinance or sell the vehicle to cover it at the end. We'll show your repayments with and without one.
Does it cost anything to use you?
We may charge a broker fee, and we receive commission from the lender. Both are set out in your quote and our Credit Guide before you go ahead.
Other finance we arrange
General information only. It doesn't take into account your objectives, financial situation or needs. Credit criteria, fees and charges apply. My Finance Hub is a Credit Representative (553769) of Purple Circle Financial Services (Australian Credit Licence 486112).