Ute Finance for Tradies, Builders and Business Operators
Finance the work ute on the right structure — chattel mortgage for the GST claim, finance lease for fixed monthly cost, or hire purchase. Major banks and specialist asset lenders.
Subject to lender assessment and approval. ACL 384704.
Ute Finance — Quick Guide
- Most common — chattel mortgage with GST claim upfront
- Term — 1–5 years
- New & used — both standard, used age limits apply
- Deposit — 0–20% depending on profile
- Settlement — often 24–72 hours
- Tax — GST + depreciation + interest deductible (confirm with accountant)
Ute Categories We Finance
From single cab worktrucks to fully accessorised dual cabs.
Single Cab Workhorses
Pure work utes — tray bodies, service bodies, alloy trays.
- Fast auto-decisioning
- Strong residuals
- Suit any tradie ABN
Dual Cab Tradie Utes
Most popular work + family ute setup.
- Highest demand category
- Tubs or trays
- Standard chattel mortgage path
Service Bodies & Fitouts
Service bodies, drawers, cranes, racks, lighting.
- Fitout often financed in same deal
- Bundled invoices accepted
- Plan for delivery time on builds
Hybrid & Electric
Hybrid and EV utes increasingly available.
- Standard chattel mortgage applies
- FBT and tax treatment differs — check with accountant
- Charging fitout sometimes financed too
What Lenders Want to See
- ABN actively trading — auto-decision works best at 12+ months
- GST registration if you want full GST upfront
- Driver licence and ID
- Asset & liability position
- Dealer quote / invoice
- Bank statements or BAS for low-doc paths
Frequently Asked Questions
What’s the cheapest way to finance a work ute?
For most tradies, a chattel mortgage on a new ute through a strong asset lender is the cheapest path. You own the ute, claim GST upfront, and depreciate the cost. Pricing depends on credit profile, age of ABN and the lender used.
Can I include the canopy, tray and fitout in the loan?
Yes — bundling the canopy, tray, drawers and fitout into one chattel mortgage is normal practice. The dealer or fitter sequences invoices so the lender funds the full setup.
How quickly can ute finance settle?
Often 24–72 hours from a clean application for established ABNs. Auto-decision platforms approve in minutes; settlement is gated by the dealer paperwork.
I’ve had my ABN under 2 years — am I locked out?
No. Specialist lenders work with newer ABNs every day for tradies. You may need a small deposit, and pricing is slightly higher, but the deal still gets done.
Related Asset Finance Pages
Buying a work ute?
Speak with Jorden about the right structure — chattel mortgage, finance lease or hire purchase — and which lender fits your ABN.