Asset · Equipment Finance

Forklift finance
for Australian
businesses

Fast, flexible finance for electric, LPG, and diesel forklifts, reach trucks, telehandlers, and full warehouse equipment fleets. We compare 50+ lenders to find the right structure for your operation.

Pre-approval in as little as 24 hours
💰
No deposit options available
🏛️
50+ lenders compared in one application
📋
Low doc pathways for small operators
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Australian team

At EasyAsset, forklift finance is one of our core specialisations. Whether you are financing a counterbalance forklift, reach truck, order picker, telehandler, rough terrain forklift, or a full warehouse fleet, we work with 50+ lenders to find the right structure for your business. We help clients navigate chattel mortgages for forklifts, finance leases, operating leases, low-doc equipment loans, and fleet facilities every day. If it moves goods around your facility and your operation depends on it, we can finance it.

Finance options

Which type of forklift finance suits your business?

The right structure depends on whether you want to own the forklift outright, your GST position, and whether you prefer to upgrade equipment at end of term. Forklifts also have a specific option not common in other equipment categories: the operating lease.

Chattel mortgageMost popular

You own the forklift from day one. Claim depreciation and interest as tax deductions. Best for GST-registered businesses using the forklift primarily for business purposes. Most flexible structure for outright ownership.

Finance lease

Lender owns it, you use it. Fixed lease payments, fully deductible as expenses. At end of term, you can purchase the forklift for a residual amount, refinance, or return it. Common for businesses that want lower monthly payments with a balloon at the end.

Operating lease

Use it, return it, upgrade. The lender retains ownership and at end of term you simply return the forklift. No residual, no disposal headache. Particularly well suited to forklifts because of their high depreciation and the desire to always run compliant, current equipment.

Commercial hire purchase

Hire now, own at the end. Fixed repayments over the term, ownership transfers on final payment. Interest is deductible. A solid middle ground for established businesses that want a fixed payment and eventual ownership.

Low-doc equipment loan

No full financials required. For small operators, sole traders, and newer businesses. Typically needs ABN, GST registration, and 6 to 12 months of bank statements. Widely available for forklifts under $150,000.

Fleet facility

Multiple units, one application. Bundle 2 or more forklifts under a single finance facility. Simplifies your accounting, may unlock better rates through volume, and allows staggered replacement of units as they reach end of life.

Typical scenarios

3 typical forklift finance scenarios

From a single entry-level electric forklift to a fleet of counterbalance units for a distribution centre, here is how the numbers typically look.

Entry level
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$28,000
Toyota 8FBE15 electric forklift — used, 4 yrs
TypeChattel mortgage
Term4 years
Rate (est.)8.5% p.a.
DepositNone required
Approval pathLow doc
Estimated monthly repayment
~$693
approximately $160 per week
Small warehouse or transport yard
First forklift or replacement unit. Low-doc approval on ABN and bank statements. No deposit required.
Mid range
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$85,000
Linde H35T LPG counterbalance — new
TypeFinance lease
Term5 years
Rate (est.)7.9% p.a.
DepositNone required
Approval pathFull doc
Estimated monthly repayment
~$1,740
approximately $401 per week
Distribution centre or manufacturing plant
Lease payments fully deductible. Option to purchase or upgrade at end of 5-year term. GST claimed on next BAS.
Fleet finance
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$220,000
Fleet of 3 x Toyota 8FG25 LPG counterbalance — new
TypeFleet facility
Term5 years
Rate (est.)7.4% p.a.
DepositNone required
Approval pathFull doc
Estimated monthly repayment
~$4,410
approximately $1,018 per week
Logistics, distribution, or cold storage operator
Fleet bundled under one facility. One monthly payment covers all 3 units. Volume may unlock a better rate than 3 individual loans.

Indicative repayments only. Actual rates depend on your profile, lender, and product. Speak to our team for a tailored quote.

Repayment calculator

Estimate my repayment

Adjust the sliders to estimate your repayments. Speak with our team for an exact quote based on your profile.

Loan amount $150,000
Loan term 5 years
Interest rate 7.9% p.a.
Repayment frequency
Estimated repayment
$3,034
per month
Loan amount$150,000
Total interest$32,057
Total repayable$182,057
Number of repayments60
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Indicative only. Actual repayments vary based on lender, credit profile, and fees.
Structure recommender

Not sure which structure is right for your business?

Answer 4 quick questions and our recommender will suggest the best forklift finance structure for your situation, instantly, with no phone call needed.

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4 questions · Takes about 30 seconds · Instant recommendation

Question 1 of 4

Is your business registered for GST?

New vs used

New versus used forklifts: what changes with finance?

Both are financeable and both are common. The right choice depends on your budget, how hard the machine will be worked, and your WHS obligations around equipment condition.

New forklifts
Used forklifts
New forkliftsLower rates
Better rates and longer terms availableNew forklifts attract lower interest rates and terms up to 7 years because lenders view them as lower risk. Monthly repayments on a new machine can be more affordable than you expect.
WHS compliance from day oneNew equipment meets current Australian safety standards without question. For businesses with WHS audit obligations or client site access requirements, new equipment removes any compliance uncertainty.
Manufacturer warranty includedMost new forklifts include a 12 to 24 month manufacturer warranty, reducing maintenance risk during the early years of the loan.
GST claimed upfront on your BASGST-registered businesses claim the full GST on a new forklift on their next BAS. On an $85,000 machine that is over $7,700 back in your cash flow immediately.
Used forkliftsAge and hours apply
Most lenders finance up to 10 to 15 years oldAge at end of term is what lenders assess. A forklift financed over 5 years needs to be under 15 to 20 years old at end of term, depending on the lender. Hours of use are considered alongside age.
Hours of use matter more than model yearA 5-year-old forklift with 15,000 hours is higher risk than a 10-year-old machine with 3,000 hours. Lenders look at hours of use as a key indicator of remaining useful life.
Safety compliance check recommendedBefore financing a used forklift, an independent inspection and pre-purchase safety check is highly recommended. This protects you under WHS obligations and can strengthen your finance application.
Refurbished forklifts are a strong middle groundProfessionally refurbished forklifts, typically 5 to 10 years old with new components, offer much of the reliability of new equipment at significantly lower cost.
Tax benefits

Tax benefits of financing a forklift in Australia

Structured correctly, forklift finance is one of the most tax-effective ways to acquire a business asset. Here is what you can typically claim.

01
Interest deductions on chattel mortgage
The interest component of each repayment is deductible as a business expense, reducing your taxable income across the full loan term. For a business in the 25% or 30% tax bracket, this materially reduces the real cost of the finance.
02
Depreciation and instant asset write-off
As the owner of the forklift under a chattel mortgage, your business claims depreciation annually. Under temporary full expensing rules, eligible businesses can write off the full cost of a new or used forklift in the year of purchase.
03
GST input tax credit claimed upfront
GST-registered businesses claim the full GST on the forklift price on their next BAS. On an $85,000 forklift that is over $7,700 back in your cash flow immediately rather than slowly over 5 years.
04
Finance and operating lease payments fully deductible
Under a finance or operating lease, the full lease payment is typically deductible as a business expense, not just the interest component. This can be a larger total deduction than a chattel mortgage in the early years of the loan.
05
FBT considerations for mixed use
If a forklift or associated vehicle is used for any personal purpose, fringe benefits tax rules may apply. For pure business-use materials handling equipment this is rarely a concern, but worth confirming with your accountant.
Eligibility

Who qualifies for forklift finance in Australia?

Most Australian businesses with an ABN that use forklifts commercially can access finance, including small operators, growing warehouses, and large logistics fleets.

Small operators and sole traders
You do not need to be a large business to finance a forklift. Low-doc pathways are available for sole traders and small businesses with an ABN and as little as 6 months trading history.
ABN & GST registration
An active ABN is the baseline requirement. GST registration is typically needed for equipment over $75,000 to claim the full input tax credit upfront on your BAS.
Fleet and multi-unit operators
Warehouse and logistics businesses financing multiple units can access fleet facilities that bundle units under one application. Fleet volume often unlocks better rates and simplifies repayment tracking.
Used and older forklifts accepted
Used forklifts are a major part of the market. Most lenders assess the hours of use and condition of the machine rather than model year alone. We work with lenders who are flexible on older equipment.
Low-doc for businesses without full financials
If your business is newer or your financials are not up to date, bank statements and BAS are often sufficient for equipment under $150,000. Low-doc forklift loans are widely available.
No property security required
Forklift finance is asset-secured. The forklift itself is the collateral in most structures, so you do not need to put business or personal property on the line.
How it works

Pre-approved in 4 simple steps

1

Submit your details

Fill in the quick form above. No credit check, no commitment. Tell us what forklift you need and how your business uses it. Takes about 2 minutes.

2

We compare lenders

A specialist matches you to the best lender from our panel of 50+ based on your business profile, the equipment age and type, and whether you need a single unit or fleet facility.

3

Get pre-approved

Pre-approval in as little as 24 hours, so you can confirm your order with the dealer or seller before someone else snaps up the machine.

4

Settle and get to work

We handle the paperwork. Funds go directly to the seller and the forklift is yours. For a fleet facility, all units are settled under the one transaction.

Get a free quote →
No credit check · Takes 2 minutes · Pre-approval in 24 hours
FAQ

Forklift finance FAQ

What types of forklifts can EasyAsset finance?+
We finance all forklift and materials handling equipment types: counterbalance forklifts, reach trucks, order pickers, pallet jacks, walkie stackers, telehandlers, rough terrain forklifts, and side loaders. Both new and used, from all major brands including Toyota, Linde, Hyster, Yale, Crown, Jungheinrich, and Komatsu. Electric, LPG, and diesel powered units all eligible.
Can I finance a used forklift in Australia?+
Yes. Used forklifts are one of the most common finance requests we receive. Lenders assess age, hours of use, and condition rather than model year alone. Most lenders finance forklifts up to 10 to 15 years old at end of term. We know which lenders are most flexible on older or high-hour machines.
Can I finance multiple forklifts as a fleet?+
Yes. Fleet finance allows you to bundle multiple units under one facility, often at a better rate than individual loans. This simplifies your accounting, gives you one monthly repayment across all units, and may unlock volume discounts with lenders.
What is the difference between a finance lease and an operating lease for forklifts?+
Under a finance lease you have use of the forklift for the term and can purchase it at the end for a residual amount. Under an operating lease, the lender retains ownership and you return the equipment at end of term with no further obligation. Operating leases suit businesses that want to upgrade equipment regularly and prefer not to deal with residual values or disposal.
Do I need a deposit to finance a forklift?+
No deposit is required for many applicants, particularly for new equipment or established businesses with a trading history. For used or older forklifts, or businesses with limited financial history, some lenders may require a small deposit. Our team structures deals to minimise upfront costs wherever possible.
Why do warehouse and logistics businesses choose EasyAsset for forklift finance?+
We specialise in warehouse and materials handling equipment finance, comparing 50+ lenders in a single application including those who understand forklift depreciation schedules, high-hour equipment, and fleet requirements. We know which lenders are flexible on older machines and which offer the best fleet rates.
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