What is fleet finance?
Fleet finance allows businesses to fund multiple vehicles under a single finance solution, rather than arranging finance for each vehicle individually. It’s designed for businesses that rely on vehicles to operate, expand, or service clients efficiently.
Benefits of fleet finance
Fleet finance helps businesses fund multiple vehicles under a single, streamlined solution. It’s designed for companies that rely on vehicles to operate efficiently, allowing you to expand or refresh your fleet while keeping costs predictable and cash flow under control.
Predictable repayments
Fixed repayment schedules allow you to budget effectively.
Scale your fleet efficiently
Add or replace vehicles as your business grows, without needing to fund each purchase upfront.
Tax effective structures
Certain finance options may offer tax benefits, depending on how the vehicles are financed and used within your business.
Simplified management
Consolidate multiple vehicles under one finance arrangement to simplify administration.
Protect business cash flow
Avoid paying the full cost upfront, keeping working capital available for day-to-day business expenses.
Quick and simple approval
Applications can be processed efficiently, helping your business keep vehicles on the road with minimal downtime.
Things to consider when applying
Vehicles covered under fleet finance
Fleet finance can be used for a wide range of business vehicles, including:
Passenger cars
SUVs and 4WDs
Vans and light commercial vehicles
Trucks and heavy vehicles
Specialty or industry-specific vehicles
Eligibility criteria
Fleet finance is available to Australian businesses that rely on vehicles for commercial use. To qualify, you generally need:
Minimum 24 months trading history with an ABN
Satisfactory business and personal credit score
Business owner 18 years or older
Australian Citizenship, permanent residency, or eligible visa holders
Fleet finance summarised
Loan amount
From $10,000 up to $1,000,000+
Loan term
12 to 84 months
Repayment schedule
Purpose
Purchase or refinance multiple business vehicles
Security options
Secured against the vehicles
How to apply for fleet finance
Applying for fleet finance is straightforward if you follow these steps:
Step 1:
Determine Your Eligibility
Provide basic business details, information about the vehicles required, and consent. We’ll review your position and assess suitability without impacting your credit score.
Step 2:
Finding the Right Lender
We compare lenders and finance options to structure a fleet solution that suits your business size, vehicle mix, and cash flow requirements.
Step 3:
Approval and Settlement
Once approved, we coordinate settlement and vehicle funding with the lender, allowing your fleet to be delivered or upgraded with minimal disruption to your business.
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