WHO THIS IS FOR

Who Is Melbourne Ute Finance Built For?

A dual-cab is a working asset, and the businesses built around one rarely fit a standard car-loan box. Whether you are a Sydney plumber, a Melbourne electrician kitting out a new ute, a Brisbane landscaper expanding the fleet, a Perth mining-services operator, an Adelaide HVAC technician, a Hobart sole trader buying on a private sale, a Darwin remote-area contractor or a Canberra field technician, Equifund matches you to lenders who assess trade income, ABN history and asset value the way light commercial finance should be assessed. Compare rates and structures in our guide to Best Business Vehicle Finance in Australia.

Your application goes to specialist trade and light commercial lenders, not the standard consumer auto desk.

  • Solo tradie Owner-operator buying a new or used dual-cab as your primary work vehicle, plumber, electrician, carpenter or builder replacing an ageing HiLux or Ranger.
  • Trade business Small trade business standardising on one ute brand, rotating ageing vehicles or financing a tray-equipped fleet vehicle for a new contract start.
  • Service operator Mobile service provider, mechanic, pest controller, pool technician, telecommunications installer, who needs a reliable dual-cab for daily field runs.
  • Rural & regional Primary producer or rural business owner who works a dual-cab hard across property, livestock transport and ag-supply runs, needs approval without city-biased lender criteria.

WHAT WE FINANCE

Which Ute Brands Can I Finance?

Every major dual-cab ute brand financed through specialist lenders for prime ABN profiles.

Also financed
  • LDV T60
  • GWM Cannon
  • Volkswagen Amarok
  • RAM 1500
  • Mercedes X-Class
  • Jeep Gladiator

Plus every other major make on the Australian market. If your brand is not listed, we still finance it.

SPECIALIST vs BANK vs DEALER

Equifund vs Bank vs Dealer Finance?

How ute finance for Melbourne ABN holders compares across the three places you can fund a dual-cab.

Indicative ute finance rates from 6.99% p.a.*

Compare rates, structures and lenders in our full guide to Best Business Vehicle Finance in Australia.

Equifund, commercial finance specialistMajor bankDealer finance
Who they lend toEstablished ABN holders, sole traders to small fleets, assessed on the business and the ute.Prefers strong financials or PAYG strength, often backed by property.Whoever is buying from that yard, on a take-it-or-leave-it rate.
Income assessedTrade income, BAS and contract income. Low-doc for established ABNs, no full tax returns for prime profiles.Full financials and tax returns usually required.Limited, tied to the sale, not your wider business.
Lender choice80+ Australian lenders matched to your deal.One bank, one credit template.One or two aligned financiers only.
Rate & structureMarket-tested rate with balloon and 1 to 5 year terms, extra repayments and end-of-term options.Standard products with limited flexibility.Rate loaded with dealer margin, and high balloons that flatter the monthly but cost more.
New, used & privateNew, used, ex-fleet, private-sale and auction all financed.Restrictive on used, private and auction buys.Usually the dealer's own stock only.
Deposit & security$0 deposit for prime applications, secured on the ute, not your home.May require property security or a deposit.Often requires deposit or trade-in to manage dealer margin.
SpeedPre-approval in 2 to 4 hours, settlement same or next business day.3 to 7 business days for full approval.Immediate quote but limited rate shopping.
HOW THE PROCESS WORKS

How Does Ute Finance Work in Melbourne?

A simple, secure online application, with honest advice from a Australian ute finance specialist you can trust.
No pressure. No hit to your credit score.

01
Group (3)

Complete the Form in 60 Seconds

Tell us about your business and the ute or dual-cab you are financing through our secure online form.

02
Group (4)

Speak With a Ute Finance Specialist

An Australian ute finance specialist reviews your situation and walks you through the documents needed for the lender match.

03
Frame (9)

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 how your freight income actually flows.

04
Group (5)

Settle the Loan
and Take Delivery

Your specialist sources the strongest matched offer and coordinates settlement with the dealer, private seller or auction house.

Get My Pre-Approval
60 second form. No impact on your credit score.
RECENT SETTLEMENTS

Real Results for Australian Tradies and Businesses

Ute finance settled across 80+ Australian lenders, from owner-operator tradies to small fleet operators. ACL 389328.

“Melbourne plumbing contractor needed a new HiLux SR5 tray for a commercial contract start. Bank wanted a year of end-of-year financials. Specialist lender approved on BAS and bank statements in four hours, no deposit.”

Plumbing contractor
Melbourne, VIC

“Melbourne electrician with 18 months ABN needed a Ford Ranger XLT. Most banks wanted two years trading. Specialist low-doc lender approved same day on BAS history, ute on the road for the job start.”

Electrical contractor
Melbourne, QLD

“Melbourne landscaping business needed three Isuzu D-Max fleet vehicles for a new council contract. Master facility structured so all three settled on the same day, one application, one approval, three utes delivered.”

Landscape construction
Greater Melbourne, NSW

“Melbourne HVAC technician wanted a Mitsubishi Triton GLS with a service body fit-out. Accessories included in the same facility, one loan, one monthly repayment, GST on the full amount claimed on next BAS.”

HVAC technician
Melbourne, WA

“Melbourne IT services firm needed a Mazda BT-50 XTR on an operating lease for a field technician. Lease structured for operating cost deduction, predictable monthly expense, no end-of-term residual risk.”

IT services operator
Melbourne, SA

“Melbourne plumbing contractor needed a new HiLux SR5 tray for a commercial contract start. Bank wanted a year of end-of-year financials. Specialist lender approved on BAS and bank statements in four hours, no deposit.”

Plumbing contractor
Melbourne, VIC

“Melbourne electrician with 18 months ABN needed a Ford Ranger XLT. Most banks wanted two years trading. Specialist low-doc lender approved same day on BAS history, ute on the road for the job start.”

Electrical contractor
Melbourne, QLD

“Melbourne landscaping business needed three Isuzu D-Max fleet vehicles for a new council contract. Master facility structured so all three settled on the same day, one application, one approval, three utes delivered.”

Landscape construction
Greater Melbourne, NSW

“Melbourne HVAC technician wanted a Mitsubishi Triton GLS with a service body fit-out. Accessories included in the same facility, one loan, one monthly repayment, GST on the full amount claimed on next BAS.”

HVAC technician
Melbourne, WA

“Melbourne IT services firm needed a Mazda BT-50 XTR on an operating lease for a field technician. Lease structured for operating cost deduction, predictable monthly expense, no end-of-term residual risk.”

IT services operator
Melbourne, SA

“Melbourne telco contractor needed a Ford Ranger Wildtrak for field site visits. Chattel mortgage with balloon, lower monthly repayment suited the contractor's quarterly payment cycle. Approved in three hours.”

Telco contractor
Melbourne, ACT

“Melbourne mining services operator needed a Nissan Navara ST-X for remote site work. Lender comfortable with variable FIFO income and remote area use, approved on BAS income and site contract value.”

Mining services operator
Melbourne, NT

“Melbourne plumbing sole trader needed a used Toyota HiLux WorkMate purchased privately. Bank rejected on the private sale, specialist lender funded it without requiring a dealer invoice. Settled in two days.”

Plumbing sole trader
Melbourne, TAS

“Gold Coast construction firm needed a Ford Ranger with a canopy and toolbox fit-out. Accessories bundled into the same facility , $72,000 total settled as one loan with one monthly repayment.”

Construction business
Gold Coast, QLD

“Newcastle electrical business needed five Ford Rangers for a growing team. Fleet master facility approved in two business days, staggered delivery over four weeks as each team member was onboarded.”

Electrical business, 5-vehicle fleet
Newcastle, NSW

“Melbourne telco contractor needed a Ford Ranger Wildtrak for field site visits. Chattel mortgage with balloon, lower monthly repayment suited the contractor's quarterly payment cycle. Approved in three hours.”

Telco contractor
Melbourne, ACT

“Melbourne mining services operator needed a Nissan Navara ST-X for remote site work. Lender comfortable with variable FIFO income and remote area use, approved on BAS income and site contract value.”

Mining services operator
Melbourne, NT

“Melbourne plumbing sole trader needed a used Toyota HiLux WorkMate purchased privately. Bank rejected on the private sale, specialist lender funded it without requiring a dealer invoice. Settled in two days.”

Plumbing sole trader
Melbourne, TAS

“Gold Coast construction firm needed a Ford Ranger with a canopy and toolbox fit-out. Accessories bundled into the same facility , $72,000 total settled as one loan with one monthly repayment.”

Construction business
Gold Coast, QLD

“Newcastle electrical business needed five Ford Rangers for a growing team. Fleet master facility approved in two business days, staggered delivery over four weeks as each team member was onboarded.”

Electrical business, 5-vehicle fleet
Newcastle, NSW
FAQ

What are the Most Common Melbourne Ute Finance Questions?

Straight answers to the questions Australian tradies and business owners ask most.

What is ute finance?

Ute finance is a commercial finance product for ABN-holding businesses that need a dual-cab utility vehicle. It is structured as a chattel mortgage, finance lease, operating lease or CHP, with the ute securing the loan and the interest and depreciation generally deductible for business use. Equifund sources ute finance through 80+ specialist lenders.

Who qualifies for ute finance?

ABN holders with an active trading history of 12 months or more qualify for standard ute finance. Established businesses trading 2+ years qualify for low-doc ute finance, which uses BAS and bank statements rather than full tax returns. Sole traders, partnerships, companies and trusts all qualify, the ABN is your primary assessment basis, not property ownership.

Can I get $0 deposit on a ute?

Yes, for prime ABN profiles. $0 deposit ute finance is available when the business has a clean credit file, 2+ years trading history, and the ute is a standard commercial variant (not heavily modified). A small deposit may be required for lower-doc or short-ABN-history applicants.

What is the difference between a chattel mortgage and a car loan for a ute?

A chattel mortgage treats the ute as a business asset, the lender takes a charge over it while you own it from day one. This lets you claim the GST upfront on your next BAS and depreciate the vehicle for tax. A personal car loan does not offer these tax advantages and is not suited to a commercial ute purchase. For business use, chattel mortgage or finance lease are the correct products.

Can I claim the GST on ute finance?

Yes. Under a chattel mortgage, the full GST on the purchase price is claimable on your next BAS, not spread across the loan term. This provides an upfront cash-flow benefit for GST-registered businesses. Under a finance lease, the GST is recovered through the lease rentals instead. Speak to your accountant about the best structure for your situation.

How quickly can ute finance be approved?

Standard ute finance applications from established ABN holders are typically pre-approved within 2 to 4 business hours. Same-day formal approval is common for prime profiles with clean credit and 2+ years ABN history. A short online application and basic business documents are all that is needed to get started.

Can I finance a used or second-hand ute?

Yes. Equifund finances new, ex-demo, fleet-returned and used dual-cab utes including private-sale and auction purchases. Lender criteria on used utes typically relate to age and odometer, most specialist lenders will finance utes up to 10 years old or 200,000 km at time of purchase. Major bank restrictions on used and private buys are common; specialist lenders are more flexible.

Can I finance a ute tray, canopy or accessories?

Yes. Canopies, trays, toolboxes, service bodies and fit-outs can typically be rolled into the same finance facility as the ute, provided they are permanently fixed to the vehicle. This keeps the transaction simple and avoids a separate personal loan for accessories. Request the accessory pricing from your dealer and include it in your application.

What ute brands can Equifund finance?

Equifund finances all major ute brands in Australia including Toyota HiLux, Ford Ranger, Isuzu D-Max, Mitsubishi Triton, Mazda BT-50, Nissan Navara, LDV T60, GWM Cannon, Volkswagen Amarok and RAM 1500. Both new and used variants across all grades are financeable through the 80+ lender panel.

Is ute finance available for a small fleet?

Yes. Small fleet finance of 2 to 10 vehicles is available as separate individual loans or under a master facility, depending on the lender and the business profile. Fleet structures often allow staggered settlements so vehicles can be delivered progressively. Larger fleets of 10+ vehicles are handled as a commercial fleet account.

How much can I borrow for a ute?

Approved amounts range from $20,000 for a late-model used ute to $120,000+ for a new dual-cab with a service body and accessories. Fleet finance of 3 or more vehicles can be structured under a master facility. Loan amount is assessed on the business income and the asset value, not a fixed cap.

What documents do I need to apply for ute finance?

For a standard application: ABN, driver’s licence, last 2 BAS statements and last 3 months business bank statements. For low-doc: ABN, driver’s licence, 6 months BAS and an accountant’s letter or 12 months bank statements. Full financial statements and tax returns are not required for most prime ABN profiles.

BEYOND UTES

Other Equipment We Finance

Equifund finances every major commercial asset class for prime ABN profiles, from trucks and trailers to excavators, tractors and yellow goods, backed by 80+ lenders.

Equifund finance specialist on call
Australian ute finance specialists

Apply for Your Melbourne Ute Finance

Three quick steps. An Australian ute finance specialist gets back to you the same business day.

Fast pre-approval
80+ lender panel
Equifund
Business Details
Equifund
Contact Information
Equifund
Asset Information

Important information: $0 deposit, rates, fees and approval are subject to lender criteria and your circumstances, and may vary.
The information on this page is general information only and does not take into account your objectives, financial situation or needs. Before making a financial decision, please consider whether this information is appropriate for you.
We recommend consulting a licensed financial or tax adviser regarding structure and tax treatment. Equifund Financial Group Pty Ltd ACL 389328.
*Indicative rate of 6.99% p.a. is for prime ABN profiles with strong credit; the actual rate depends on the lender, asset, loan term and your circumstances, and is subject to assessment and approval.