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The age of a commercial vehicle rarely decides whether the deal happens — it just decides which lender we take it to. New under 4.5 tonnes, late-model dual cabs, and recent-build prime movers attract the sharpest pricing because their resale market is strong.

Older trucks are a different conversation. A 15-year-old prime mover, a 20-year-old curtain-sided rigid, a 25-year-old Kenworth with strong service history — these are routinely funded by specialist asset lenders who understand the heavy-vehicle market and know that a well-maintained truck of any age is a working business asset. The same applies to older yellow goods, vintage commercial vehicles bought for working use, and specialised gear.

We don't have a hard age cap because our specialist lenders don't. Tell us what you're looking at — the answer is almost always that it's fundable, just at pricing that reflects the asset's actual market position.

The Australian Tax Office sets a car limit that caps the value you can claim depreciation and GST against, on standard passenger vehicles. For the 2025–26 financial year the car limit sits at $69,674 — meaning the maximum GST credit you can claim on a passenger car is around $6,334, regardless of how much the vehicle actually cost.

The limit doesn't apply to commercial vehicles designed primarily to carry goods (utes with payload over a tonne, light trucks, vans, prime movers), and doesn't cap your ability to finance a more expensive vehicle — just what your business can claim back.

We always flag where your vehicle sits relative to the car limit so you can confirm the tax treatment with your accountant before signing.

If your business uses a vehicle 100% for work — say, a service van fitted out as a mobile workshop or a prime mover doing freight — the tax treatment is straightforward. But many trade utes and dual cabs do double duty: business during the week, school run on weekends.

The Australian Tax Office accepts a representative 12-week logbook as the basis for calculating business-use percentage, and that logbook is then valid for five years. So if your ute is 80% business use, you can claim 80% of the depreciation, 80% of the interest, and 80% of the GST credit.

We always tell you upfront how the business-use percentage affects your case — and recommend keeping a logbook from day one if you want the maximum tax outcome.

A balloon (or residual) payment is a lump sum due at the end of the loan term, typically 20–40% of the original vehicle cost. Including a balloon reduces your monthly repayments throughout the term — useful for cash flow management or matching repayments to project income.

The trade-off: at term end, you either pay the balloon out of pocket, refinance it for another period, or trade the vehicle and roll into a new deal.

For vehicles you plan to upgrade in 3–5 years (most utes, fleet vehicles, working prime movers), a balloon often makes sense. For vehicles you intend to keep long-term, a smaller balloon or no balloon at all keeps the total finance cost lower. We model both scenarios on every quote.

Most lenders fund all the sale scenarios you'll encounter. Dealer purchases are the most straightforward — clean title, dealer-supplied paperwork, lender pays the dealer directly.

Private sales take a touch more paperwork (proof of ownership, PPSR clearance, sometimes an inspection) but settle reliably and often within 24 hours on clean deals. Auction purchases are common for trucks, fleet vehicles, and yellow goods — we have specific lenders set up to fund auction settlements at speed. Interstate purchases add transport logistics but are otherwise standard.

Low-doc applications for tradies, contractors, and self-employed business owners with BAS-based income are routinely approved through specialist lenders who assess actual business capacity rather than demanding two years of accountant-prepared financials. Tell us which combination applies and we'll match the right lender.