Used Equipment Financefor Australian Businesses
Specialist used equipment finance, also known as second hand machinery finance, for established Australian businesses buying proven trucks, trailers, excavators, tractors and commercial equipment. The asset and the business are assessed together: age, hours, condition and resale market alongside your trading history. Dealer, ex-fleet, private sale or auction, structured as a chattel mortgage, finance lease or hire purchase.
- Pre-approval inside 24 hours
- $0 deposit for prime applications
- Wide specialist lender panel
- Older and high hour assets considered case by case
30-second check. No impact on your credit score.
Choose Your Industry
Choose the category that best describes your finance requirement.
No obligation. Soft credit check only.
Built for Buyers of Used Gear, Backed by Specialists
Whether you are replacing a worn unit, adding capacity for a new contract or bidding at a clearing sale, Equifund matches you to lenders that read used asset value and business income correctly.
Who We Help
Specialist finance for every kind of used equipment purchase.
Owner-Operators Replacing a Working Asset
Contractors Buying Proven Machines
Farmers Buying at Clearing Sales
Fleet Operators Adding Used Units
Buyers in a Private SaleWhy Choose Us
Faster decisions and terms built around the asset's working life.
Lenders That Write Older and Higher Hour Assets
We Move Quickly So You Do Not Miss the Machine
Terms Shaped to the Asset's Working Life
Support for Private Sale and Auction Purchases
What Used Equipment Can I Finance?
Every major commercial asset class, bought used from dealers, ex-fleet programs, private sellers and auctions.
Used Trucks & Prime Movers
Prime movers, rigids and tippers with proven kilometres. Lenders read the service history and configuration, with terms matched to the kilometres already on the clock.
Used Trailers
Curtainsiders, drop decks, tippers and refrigerated trailers. Solid used trailers hold their value well, which keeps lenders comfortable and terms workable.
Used Excavators & Earthmoving
Excavators, loaders, dozers and skid steers with hours on the meter. Condition and maintenance history carry more weight than build year.
Used Tractors & Farm Machinery
Tractors, headers and implements from dealers and clearing sales, with pre-approval in place before bidding opens.
Used Utes & Light Commercials
Dual-cab utes, vans and light commercial vehicles for ABN holders, from dealer used stock or a private seller.
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Specialised & Custom Equipment
Custom builds, attachments and niche machinery with thinner resale markets, placed with lenders that know the industry and the asset.
Plus Claas, Deutz-Fahr, Valtra, Krone, Kuhn, Goldacres, Bourgault and Manitou. If your brand is not listed, we still finance it.
Which Used Equipment Finance Structure Is Right for You?
Five ways to structure your finance, each suited to a different goal and cashflow position.
Chattel Mortgage
You own the equipment from the day finance settles, while your lender holds a mortgage over it as security until the loan is repaid. It is the most requested structure for GST-registered businesses, since you can typically claim the GST back on the purchase price straight away and depreciation runs through your own business. A balloon payment can be added to lower your regular repayments if that suits your cash flow better.
Hire Purchase
The lender owns the equipment for the life of the agreement and you make fixed repayments to use it, with ownership transferring to you once the final payment clears. It suits operators who want the certainty of a fixed repayment structure, and the GST is spread across your payments rather than claimed as one lump sum upfront.
Finance Lease
Your lender retains legal title to the equipment for the term of the lease while you use it in your operation, making regular lease payments that are typically fully tax deductible. At the end of the term you can make an offer to buy the asset, refinance the residual, or hand it back, giving you flexibility if your equipment needs change with the work.
Operating Lease
You pay to use the equipment for an agreed term, and your lender carries the risk of its residual value, not you. It suits contractors who like to keep their fleet current, since bundled servicing is often included and you simply hand the machine back and roll into newer equipment when the term ends.
Unsecured Business Loan
Funds are assessed against your business's trading position rather than security over the equipment itself, so you can move quickly on a private sale or older machinery a traditional lender might decline. It typically comes with a shorter term and can settle the same day, once your trading history has been assessed.
Depreciation and car cost thresholds set by the ATO. Credit licensing regulated by ASIC.
Clear Terms. No Unnecessary Complexity. Fast Outcomes.
A straightforward path designed to move you from application to pre-approval quickly.
Complete the Form in 60 Seconds
Tell us about your business and the used asset you are buying: make, model, year, hours and where it is coming from.
Speak With a Used Equipment Finance Specialist
An Australia-based equipment finance specialist reviews the asset's age, hours and condition alongside your file, then walks you through the documents for the lender match.
Get Pre-Approved Over the Phone
You'll have a clear pre-approval often within 1 business day, with rate, term and repayment structure tailored to the asset's working life and your cash flow.
Settle the Loan and Take Delivery
Your specialist sources the strongest matched offer and coordinates settlement with the dealer, private seller or auction house.
Real Results on Used and Older Assets
See how Australian operators put proven machines to work, even when the asset sits outside a bank's standard template.
What Other Equipment Can I Finance?
Equifund finances every major commercial asset class for prime ABN profiles, backed by a wide lender panel.
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Used Excavators & LoadersUsed Cranes & Site Machinery.png)
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Used Skid Steers & Access EquipmentUsed TrucksUsed Semi-Trailers & TrailersUsed Refrigerated TrucksUsed Excavators & LoadersUsed Cranes & Site MachineryEx-Fleet Prime MoversUsed Tractors & HarvestersUsed Yellow GoodsUsed Skid Steers & Access Equipment-1.png?width=842&height=1023&name=Frame%202147227966%20(2)-1.png)
Apply for Your Used Equipment Finance
Three quick steps. An Australia-based equipment finance specialist gets back to you the same business day.
Business Details
Contact Information
Asset InformationWhat Our Clients Have to Say
Rated 5.0 on Google by Australian operators and business owners for fast pre-approvals, flexible terms and specialist service. 5.0 ★ · Real Google reviews
Have Questions?
Straight answers for operators weighing up a used or older machine.
What is used equipment finance?
Used equipment finance is a commercial loan or lease secured against a second hand asset, such as a truck, excavator or tractor, rather than a new one. Australian lenders assess the machine's age, hours and resale market alongside your business, then structure the term and repayments around the asset's remaining working life. Established ABN holders use it to buy from dealers, private sellers and auctions.
How old can equipment be and still be financed?
There is no single cut-off. Each lender sets its own asset age policy, often based on the asset's age at the end of the loan term, and those policies differ widely between banks and specialist lenders. Older and higher hour machines are considered case by case on condition, hours, maintenance history and resale market. Your specialist matches the asset to a lender whose policy genuinely fits it.
How do lenders assess a used machine?
Lenders look at the asset and the business together: the machine's age, hours, condition and resale market, the price against market value, and your trading history, income and credit profile. A strong business case can support an older asset, and a strong asset can support a leaner file. That is why the same machine can be declined by one lender and settled through another.
Does the asset's age change the loan term?
Often, yes. Many lenders set a maximum asset age at the end of the term, so a newer machine might run over a longer term while an older one suits a shorter one. Structuring the term to the asset's working life keeps repayments realistic and avoids paying off a machine past its useful life.
Does Equifund finance specialised or custom-built equipment?
Yes, specialised and custom-built machinery is considered on its merits. Assets with a thinner resale market take more care to place, which is where a broker earns its keep: your specialist puts the deal to lenders that understand the industry and the asset instead of scoring it against a generic template.
Can I finance used equipment from a private seller?
Yes. Private sale purchases are financed regularly, with a few extra steps: the seller's details and proof of ownership, a PPSR check to confirm the machine is unencumbered, and in some cases an inspection or valuation. Your specialist coordinates those steps and settlement is paid direct to the seller. See our private sale finance guide for the full process.
Can I buy used equipment at auction with finance?
Yes, and preparation matters because auctions move fast. Arranging pre-approval before you bid means you know your buying power, including the buyer's premium and GST that land on top of the hammer price. See our auction finance page for how bidding with pre-approval works.
Can I finance a used asset bought interstate?
Yes. Interstate purchases are common for used equipment because the right machine is rarely parked in your own state. The finance works the same anywhere in Australia; the extra coordination is around inspection, transport and settlement timing, which your specialist manages with the seller or dealer.
Can I trade in my old machine when financing a used one?
Yes. A trade-in or the sale of your existing asset can act as the deposit on the replacement, and the payout of any existing loan can be built into the new facility, so the changeover happens in one settlement rather than two separate transactions.
Do used assets need a bigger deposit?
Not automatically. $0 deposit remains available for prime applications, and many used deals settle with no deposit at all. A lender may ask for a contribution where the asset is older, the price sits above market value, or the loan term runs close to the asset's expected working life. A trade-in can often cover it.
Do I need an inspection or valuation for a used purchase?
Sometimes. Dealer sales usually settle on the tax invoice alone. Private sales and older assets are more likely to need an independent inspection or market valuation, and some lenders arrange this themselves. It protects you as much as the lender: the report confirms the machine matches its description before money changes hands.
What documents do I need for used equipment finance?
For the business: your ABN details and, depending on the lender and deal size, recent BAS or bank statements. For the asset: the seller's or dealer's details, make, model, year, hours and serial or VIN, plus photos for older machines. Low-doc options are available for established, GST-registered businesses.
Can repayments follow a seasonal income cycle?
Yes. For farming, harvest and other seasonal operations, some lenders offer structured repayments that sit lighter in the off season and heavier when income lands. Whether that suits your deal depends on the lender and the asset, and your specialist will flag it as an option where eligible.
Where Can I Get Used Equipment Finance in Australia?
Australia wide and across every asset class: truck finance, trailer finance, construction finance, farm equipment finance and commercial vehicle finance, with support for private sale and auction purchases.