Asset · Equipment Finance

Ute finance for
Australian
businesses

Fast, flexible finance for HiLux, Ranger, D-Max, Amarok, and all work utes. Bundle your tray, canopy, and toolboxes into the same loan. We compare 50+ lenders to get you the right deal.

Pre-approval in as little as 24 hours
🔧
Accessories and fitout can be bundled
🏛️
50+ lenders compared in one application
📋
Low doc pathways for sole traders and tradies
Get a finance quote
Free · No impact on your credit score
Secure · Australian team · No obligation
50+
Lenders compared
24hr
Pre-approval
$0
Deposit options
5.0★
Google rating
100%
Australian team

At EasyAsset, ute finance is one of our most common requests. Whether you are financing a Toyota HiLux, Ford Ranger, Isuzu D-Max, Mitsubishi Triton, Volkswagen Amarok, or any other dual-cab work ute, we work with 50+ lenders to find the right structure for your business. We help tradies, sole traders, and businesses navigate chattel mortgages for utes, novated leases, low-doc tradie loans, accessories and fitout bundles, and the FBT exemption for eligible work vehicles every day. If it carries your tools and your livelihood depends on it, we can finance it fast.

Finance options

Which type of ute finance suits your situation?

The right structure depends on whether you are a business owner, sole trader, or employee, your GST position, and how much the ute is used privately versus commercially. FBT implications make this decision more nuanced for utes than for most other vehicles.

Chattel mortgageMost popular

You own the ute from day one. Claim depreciation and interest as tax deductions. Best for sole traders and GST-registered businesses that use the ute predominantly for business. The most tax-effective structure when business use is over 50%.

Novated lease

Finance through your employer using pre-tax salary. Ideal for employees such as tradies on the tools working for a company. Repayments come from your pre-tax salary, reducing your taxable income. Running costs including fuel and servicing can be included in the package.

Finance lease

Lender owns it, you use it. Fixed lease payments, fully deductible as business expenses. A residual value remains at end of term. Good for businesses that prefer lower monthly payments and want flexibility to upgrade to a new model at end of term.

Commercial hire purchase

Hire now, own at the end. Fixed repayments over the term, ownership transfers on final payment. Interest is deductible. A straightforward structure for businesses that want fixed payments and eventual ownership without the balloon of a finance lease.

Low-doc tradie loan

No full financials required. For sole traders and self-employed tradies without up-to-date tax returns. Typically needs ABN, GST registration, and 6 to 12 months of bank statements. Widely available for utes under $150,000 and very commonly used.

Ute and accessories bundle

Finance your tray, canopy, and toolboxes together. Work-related accessories and fitouts including trays, canopies, drawer systems, bull bars, and toolboxes can often be bundled into the same finance facility as the ute, under one loan and one monthly repayment.

Typical scenarios

3 typical ute finance scenarios

From a used HiLux for a starting tradie to a fully loaded premium ute for an established business, here is how the numbers typically look.

Starting out
🔧
$38,000
Toyota HiLux SR dual cab — used, 4 yrs
TypeChattel mortgage
Term5 years
Rate (est.)8.9% p.a.
DepositNone required
Approval pathLow doc
Estimated monthly repayment
~$790
approximately $182 per week
Sole trader tradie, first work vehicle
Low-doc approval on ABN and bank statements. No deposit required. Interest and depreciation deductible against trade income.
With fitout
🛻
$72,000
Ford Ranger XLT new — plus canopy, tray and drawers
TypeChattel mortgage
Term5 years
Rate (est.)7.9% p.a.
DepositNone required
Approval pathFull or low doc
Estimated monthly repayment
~$1,460
approximately $337 per week
Established tradie or small business owner
Ute and all accessories financed together in one loan. GST input tax credit claimed upfront. Fitout cost fully included in the facility.
Premium ute
🚙
$105,000
Volkswagen Amarok V6 TDI 580 Ultimate — new
TypeFinance lease
Term5 years
Rate (est.)7.9% p.a.
DepositNone required
Approval pathFull doc
Estimated monthly repayment
~$2,140
approximately $494 per week
Business owner or senior site manager
Finance lease structure with residual. Lease payments fully deductible. Luxury car tax threshold considered in structuring. Option to upgrade at end of term.

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
Get an exact quote →
Indicative only. Actual repayments vary based on lender, credit profile, and fees.
Structure recommender

Not sure which structure is right for you?

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

Find your ideal ute finance structure

4 questions · Takes about 30 seconds · Instant recommendation

Question 1 of 4

How would you describe your work situation?

New vs used

New versus used utes: what changes with finance?

The second-hand ute market in Australia is large and extremely active. Both new and used utes are regularly financed, and the right choice depends on your budget, trade income, and tax position.

New utes
Used utes
New utesMore choice
Better rates and longer termsNew utes attract lower interest rates and terms up to 7 years from most lenders. The manufacturer warranty reduces lender risk and strengthens your application.
Instant asset write-off for business useEligible businesses can write off the full cost of a new ute in the year of purchase under current ATO rules, subject to the luxury car threshold. For a $72,000 work ute this is a significant year-one tax deduction.
Accessories bundled at the dealerBuying new from a dealer makes it straightforward to bundle tray, canopy, toolboxes, and other fitout components into the same finance facility at the point of sale.
Demonstrator models are a strong middle groundDealer demonstrator utes are technically used but often have very low kilometres, current model year spec, and manufacturer warranty remaining. They typically attract near-new interest rates.
Used utesLower outlay
Lower purchase price, lower repaymentsA used ute at $38,000 has significantly lower monthly repayments than a new equivalent. For a starting tradie or someone rebuilding after a tough year, lower repayments can make the difference between sustainable and stressful.
Most lenders finance up to 10 to 12 years oldAge at end of term is the key metric. A 7-year-old ute financed over 3 years is typically approvable with most lenders. Older vehicles may require a specialist lender or larger deposit.
Private sale financing is available but adds stepsFinancing a used ute from a private seller involves more documentation than a dealer purchase. Lenders may require a vehicle inspection and PPSR check. Allow extra time versus a dealer transaction.
Aftermarket accessories from a prior ownerA used ute with an existing tray, canopy, or toolboxes fitted by the previous owner may have those accessories assessed as part of the vehicle value. In some cases the full fitted value is financeable.
Tax & FBT

Tax treatment and FBT on work utes in Australia

Ute finance has more tax complexity than most other vehicle types because of FBT rules, the luxury car threshold, and the eligible vehicle exemption. Here is what you need to know.

01
Interest and depreciation deductions for business use
Under a chattel mortgage, sole traders and businesses can deduct both the interest component of repayments and the annual depreciation of the ute. When the business use percentage is high, these deductions substantially reduce the real after-tax cost of the vehicle.
02
FBT exemption for eligible work vehicles
Under current ATO rules, a dual-cab ute used primarily for work purposes may qualify for the FBT eligible vehicle exemption. This means private use limited to home-to-work travel and minor incidental use is not subject to FBT. This is one of the most significant tax advantages of a work ute over a passenger car.
03
Luxury car tax threshold and its effect on finance
Many top-spec dual-cab utes now exceed the luxury car tax threshold, which for 2024-25 is $89,332. LCT is charged on the portion of the vehicle price above the threshold. This increases the upfront cost of the vehicle and should be factored into your finance amount.
04
Instant asset write-off for eligible businesses
Eligible businesses can write off the full cost of a new or used work ute in the year of purchase under temporary full expensing rules. For a $72,000 work ute used 90% for business, the tax deduction in year one is very significant. Align this with your accountant before purchase.
05
GST input tax credit claimed upfront
GST-registered businesses using the ute primarily for business claim the full GST on the vehicle price on their next BAS. On a $72,000 ute that is over $6,500 back in your cash flow immediately. The business use percentage affects what proportion of GST can be claimed if use is mixed.
Eligibility

Who qualifies for ute finance in Australia?

Ute finance is accessible to sole traders, tradies, business owners, and employees. The pathway and best structure depend on whether you are self-employed or employed, and how the ute will be used.

Sole traders and self-employed tradies
Sole traders are one of the most common ute finance borrowers. Low-doc pathways using ABN, GST registration, and bank statements are well established for utes up to $150,000. You do not need up-to-date tax returns if you have a clear banking history showing trade income.
Registered businesses with ABN and GST
GST-registered businesses using the ute primarily for business can access the full range of structures including chattel mortgage, finance lease, and commercial hire purchase. The business use percentage affects which structure is most tax-effective.
Employees with salary packaging
Employees working for a company that offers salary packaging can access novated leases, financing the ute through pre-tax salary. The employer acts as the lessee and deducts repayments before tax is calculated.
Mixed business and private use is acceptable
Most utes have some private use and lenders understand this. The key is that business use is the primary purpose. FBT obligations apply to any private use component, though dual-cab utes used for work may qualify for the eligible vehicle FBT exemption.
Imperfect credit history considered
Adverse credit is not an automatic disqualifier for ute finance. Specialist lenders assess the overall picture including income, ABN tenure, and asset position. We work with lenders who have specific pathways for borrowers with prior credit events.
No property security required
Ute finance is asset-secured. The ute itself is the collateral in most structures, so you do not need to use your home as security. This is particularly relevant for younger tradies who do not yet own property but have strong trade income.
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 ute you are looking at, whether you want accessories bundled, and whether you are self-employed or employed. Takes about 2 minutes.

2

We compare lenders

A specialist matches you to the best lender from our panel of 50+ based on your employment situation, the vehicle, and whether you need a chattel mortgage, novated lease, or low-doc tradie structure.

3

Get pre-approved

Pre-approval in as little as 24 hours, so you can negotiate from a position of strength with the dealer or private seller before someone else picks up the ute.

4

Settle and get to work

We handle the paperwork. Funds go directly to the seller. If accessories are bundled, all items settle together. You are on the road and earning with your new ute.

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

Ute finance FAQ

What types of utes can EasyAsset finance?+
We finance all dual-cab and single-cab utes used for business purposes, including Toyota HiLux, Ford Ranger, Isuzu D-Max, Mitsubishi Triton, Volkswagen Amarok, Toyota LandCruiser, Ram 1500, and all other commercial ute brands. We also finance accessories and fitouts including trays, canopies, toolboxes, bull bars, and drawer systems bundled into the same facility.
Can I bundle my ute accessories and fitout into the same loan?+
Yes. Accessories and fitouts including trays, canopies, toolboxes, bull bars, drawer systems, and other work-related modifications can often be bundled into the same finance facility as the ute. This gives you one loan, one repayment, and one settlement rather than financing the vehicle and accessories separately.
Is a ute exempt from fringe benefits tax in Australia?+
Under current ATO rules, vehicles classified as a work-related vehicle, which includes most dual-cab utes, may be exempt from FBT if private use is limited to home-to-work travel and incidental private use. The FBT exemption for eligible vehicles is one of the most significant tax advantages of a work ute. Your accountant should confirm whether your specific situation and usage pattern qualifies.
Can I use a novated lease to finance a ute?+
Yes. A novated lease allows employees to finance a ute through their employer using pre-tax salary, reducing taxable income. It is popular for tradies and site workers employed by a company. EasyAsset can compare novated lease options against chattel mortgage structures to find the most cost-effective approach for your situation.
Does the luxury car tax affect ute finance?+
It can. Many premium dual-cab utes now exceed the luxury car tax threshold, which for the 2024-25 financial year is $89,332. Vehicles above this threshold attract LCT which increases the upfront cost. Your dealer and accountant can confirm whether the specific ute you are purchasing is affected, and we can structure the finance accordingly.
Why do Australian tradies and businesses choose EasyAsset for ute finance?+
We specialise in commercial vehicle and equipment finance, comparing 50+ lenders in a single application. We understand the FBT implications of ute finance, how to bundle accessories into the same facility, the luxury car threshold impact, and which lenders are most flexible on low-doc pathways for sole traders and tradies.
Ready to get started?

Get your ute finance quote today

Free · No credit check · Pre-approval in 24 hours · Australian team

Get a free quote →