Compare Ute Finance from 50+ Australian Lenders
Finance single or dual cab utes for your business with flexible structures like chattel mortgage, hire purchase, or lease. Sharp rates, fast approvals.
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Ute Finance Made Simple
Whether youâre a tradie, courier, or landscaper, a ute is often the backbone of your business. Finance options tailored to cash flow and asset life.
Borrow With Confidence
From $10,000 up to $150,000+ depending on profile and vehicle
Flexible Terms
1 to 7 year terms with optional balloons/residuals
Fast Approvals
Same-day approvals possible for eligible applications
New or Used
Finance available for dealer, auction, or private sales
Tax-Smart Structures
Chattel mortgage, hire purchase, lease options available
Work-Ready Fit-Outs
Can finance toolboxes, trays, racks, and signwriting
How it works
We match your application with lenders who specialise in business ute finance so you can compare options with confidence.
Apply online in 3 minutes
Share your business details, ute preference, and budget.
See matched options
Our Lender Match technology compares finance structures and rates.
Upload documents
Provide ID, ABN, and bank statements (or financials for higher limits).
Settle & collect
We liaise with the seller so you can drive away in your new ute.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to ute finance
Ute finance helps Australian businesses and sole traders secure vehicles essential for day-to-day operations without draining cash reserves. Common structures include chattel mortgage (ownership from day one), hire purchase (ownership transfers at the end), and finance lease (use the ute during the term, with a residual).
Repayments and terms depend on turnover, credit profile, and the age/value of the vehicle. Many lenders allow balloons to lower repayments, matching costs to asset life. From construction and landscaping to courier services, the right ute finance structure ensures reliability and smooth cash flow.
Want to skip ahead?
This guide is broken into sections. Click below to skip ahead:
Types of ute finance
Choose the structure that best fits your business needs:
Chattel Mortgage
A secured loan where you own the asset from day one while the lender holds a mortgage over it as security. Perfect for business equipment, vehicles, and machinery purchases.
Pros
- Immediate ownership of the asset
- Tax benefits - claim GST credits and depreciation
- Flexible repayment terms available
- Lower interest rates due to security
Cons
- Asset serves as security - risk of repossession
- Comprehensive insurance typically required
- Ongoing maintenance responsibilities
Best For
Established businesses looking to purchase equipment, vehicles, or machinery with immediate ownership and maximum tax benefits.
Hire Purchase
A financing arrangement where you hire the asset with an obligation to purchase it at the end of the term. Combines the benefits of gradual ownership with manageable monthly payments.
Pros
- Guaranteed ownership at term completion
- Fixed monthly payments for budgeting
- No large upfront capital required
- Tax benefits available during the term
Cons
- No ownership until final payment made
- Higher total cost than outright purchase
- Asset cannot be sold during the term
- Early termination may incur penalties
Best For
Businesses that want eventual ownership of assets but need to spread the cost over time, particularly suitable for essential equipment with long useful life.
Finance Lease
A lease agreement where you use the asset throughout the lease term with the option to purchase it at the end. Ideal for businesses wanting to preserve cash flow while accessing essential equipment.
Pros
- Lower upfront costs and deposits
- Preserves working capital and credit lines
- Tax deductible lease payments
- Option to purchase at lease end
Cons
- No ownership until lease completion
- Total cost may be higher than outright purchase
- Early termination penalties may apply
Best For
Growing businesses that need equipment access without large capital outlay, or companies wanting to preserve cash flow for operations.
Operating Lease
A rental agreement for business equipment where you use the asset for a set period without ownership obligations. Perfect for equipment that becomes obsolete quickly or seasonal business needs.
Pros
- No ownership responsibilities or risks
- Lower monthly payments than finance options
- Easy upgrades to newer equipment
- Tax deductible lease payments
Cons
- No equity built in the asset
- No ownership at lease end
- Limited customisation options
- Ongoing payment obligations
Best For
Businesses needing short-term equipment access, companies in rapidly evolving industries, or those wanting predictable operating expenses without ownership risks.
What can I use ute finance for?
Utes are one of the most versatile vehicles in Australia. Finance can cover work, transport, and specialist business needs.
Trades & Services
Finance dual-cab or single-cab utes with toolboxes, racks, and traysâideal for plumbers, electricians, and builders.
Construction
Secure heavy-duty utes capable of hauling equipment, materials, and workers across worksites.
Delivery & Couriers
Get reliable vehicles to support parcel, logistics, and last-mile delivery businesses.
Landscaping & Gardening
Finance utes to transport soil, plants, and machinery, keeping jobs running smoothly.
Mobile Repairs & Maintenance
Set up fully equipped service vehicles for mobile mechanics or on-site repairers.
Fleet Expansion
Add multiple utes to your fleet to support business growth and contracts.
Case Study
Sophie T, GreenScape Landscaping
Balancing repayments with a balloon
Industry: Landscaping
Challenge: Needed a new dual-cab ute but wanted to keep repayments lean during the slower winter season.
Solution: Chattel mortgage with 60-month term and 25% balloon aligned to resale value.
A Melbourne landscaping company financed a dual-cab ute with tray and toolboxes. By structuring a balloon, they kept repayments low across the quieter months while preserving working capital for staff and supplies. The balloon is expected to be covered by resale at the end of term.
How much can I borrow with ute finance?
Typical facility sizes range from $10,000 to $150,000+ per vehicle. Limits depend on turnover, trading history, vehicle value, and your credit profile. Many lenders fund up to 100% of purchase price for new vehicles, while older models may attract shorter terms and lower LVRs.
Ute Finance Repayment Calculator
Estimate repayments and total costs before you apply. Adjust amount, rate, term, and balloon to fit cash flow.
Balance over time
Am I eligible for ute finance?
Eligibility focuses on serviceability and vehicle suitability. Newer utes generally qualify for sharper pricing and longer terms. Solid bank statements and stable turnover improve approval odds.
You may be eligible if you are:
An Australian business with active ABN (GST preferred for larger limits)
Over 18 years old
Trading for at least 6â12 months (case-by-case for start-ups)
Minimum monthly turnover of $5,000â$10,000
Purchasing an eligible vehicle (single cab, dual cab, 4x4, light commercial)
How to apply for ute finance?
Complete our online application in minutes. Weâll compare offers from specialist ute lenders, then arrange settlement directly with the seller.
Documents you may need:
ABN and GST details
Photo ID (licence or passport)
Business bank statements (3â6 months)
Tax returns or BAS (for higher limits)
Vehicle details (VIN, rego, invoice or quote)
How to save money on ute finance
Compare structures (chattel mortgage vs lease vs hire purchase) as rates, tax treatment, and cash flow outcomes differ. Balloons can reduce monthly repayments but ensure they match expected resale. Financing accessories like trays and toolboxes at settlement can also be cheaper than adding them later. Newer vehicles generally qualify for sharper pricing, while avoiding unnecessary add-ons keeps total costs down.
Example: Balloon impact â $50,000 over 60 months at 8.49% p.a.:
| Balloon | Approx. Monthly Repayment | Notes |
|---|---|---|
$0 | $1,027 | Highest monthly cost |
10% ($5,000) | $936 | Lower monthly cost |
20% ($10,000) | $845 | Balance of cost vs cash flow |
30% ($15,000) | $754 | Lowest monthly cost; ensure resale value covers balloon |
Understanding ute finance options
Finance for utes can be structured in different ways depending on your business needs and cash flow strategy:
Secured vs Unsecured
Most ute finance is secured against the vehicle, lowering rates. Some unsecured options exist but usually with higher costs.
Balloon/Residual Payments
Keep repayments lower by deferring a lump sum to the end. Refinance, pay out, or trade-in when due.
Fixed vs Variable Rates
Fixed rates provide repayment certainty. Variable may save money if rates fall, but add risk if they rise.
Early Repayment Flexibility
Some lenders allow early payouts or extra repayments, while others charge feesâimportant for fleet upgrades.
Bundled Accessories
Toolboxes, racks, trays, or signwriting can often be financed at the same rate as the ute itself.
Testimonials
Verified Review
Highly recommend, process was simple and quick! very nice fella Jackson đ¤đź
Shayshay K.
Verified Review
Matt @emumoney helped me get the best rate on a personal loan for our new car, and we are currently finalising sorting our business finances into one loan. Awesome service and responsive to requests.
Tim P.
Verified Review
I had an outstanding experience working with Eugin to get my car finance sorted! From the very beginning, Eugin was professional, knowledgeable, and incredibly helpful. He made what can often be a complicated process feel smooth and stress-free. His attention to detail ensured everything was handled efficiently, and he guided me through each step with clear explanations. Thanks to Eugin's support, I secured the financing I needed to buy my car, and I couldn't be happier. If you're looking for someone reliable and dedicated to help you with car finance, I highly recommend Eugin at Emu money. He truly goes above and beyond!
Pabasara G.
Verified Review
Really happy that it only took few days and no muck around. Ryan was friendly and able to help me pay off a loan and get a new car. Best part was taking away all the stress. Keeping me informed along the way with texts worked with me perfectly! Thanks.
Sheree F.
Verified Review
Jackson was very helpful in getting me a loan for my daughters car. Very happy with the service he provided.
Rick D.
Verified Review
Straight to the point and super friendly, got off the phone with Peter late one afternoon and midday the next day the money has hit my account. Incredible service and super helpful
Tyler R.
Frequently Asked Questions
Business Ute Finance FAQs
These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.
