Fast finance for commercial vechicles

Oak Laurel | Finance brokers 

Business owners / self-employed people, do you want to get finance approved for commercial vehicles FAST? We can help.

Get fast finance approval for a wide range of commercial vehicle types! Competitive interest rates and fees, no hassles!

Plant and equipment finance broker

Construction vehicle finance. Excavators, front-end loaders, bobcats, backhoes, graders, scrapers, bulldozers

Comercial loan - plant and equipment finance

Farm vehicle finance. Tractors, Headers, Harvesters.

commercial motor vehicle finance

Car Finance and light vehicle Finance.

Forklifts & tele-handlers

Forklift  finance & telehandler finance.

self-employed vehicle finance

Self-employed vehicle finance

The typical rate is 5.91%. This is based on straightforward vehicle financed over 60 months.  The max interest rate is 6.33%. A $350 application fee is charged that is added to loan.

Example 1. for $40,000 hire purchase (no balloon) over 60 months the payments would be $780 per calendar month.

Example 2. for $40,000 hire purchase (with a 20% balloon – $13,637) over 60 months the payments would be $591 per calendar month.

Note: Rates & examples are for 29 July 2015 and are subject to change.

Any of the following commercial vehicles, construction vehicles, and garm vehicles can be financed if they are up to 4 years old (unless otherwise stated):

  • Cars
  • Light commercial vehicles (under 3.5T GVM)
  • Forklifts
  • Telehandlers
  • Backhoes
  • Tractors (age up to 7 years)
  • Headers (age up to 7 years)
  • Harvesters (age up to 7 years)
  • Excavators
  • Front-end loaders
  • Bobcats
  • Graders
  • Scrapers
  • Bulldozers

You can finance up to $150,000 if the eligible asset (listed above) is from a licenced dealer and up to 4 years old (up to 7 years old for Tractors/Headers/Harvesters).

You must meet the following criteria:

  • Have an ABN that has been registered for more than 2 years and be registered for GST;
  • No negative equity on trade ins (negative equity is if the trade in vehicle is worth less than the finance owing on it – ie costs more to take the vehicle back);
  • Satisfactory credit check ( no bankruptcy, defaults, unpaid debts of the like);
  • You are a home owner
  • Balloon payment acceptable to ATO guidelines (where appropriate);

The Australian Tax Office (ATO) imposes a set of minimum acceptable Balloon Payment (Residual Value) guidelines which must be followed for all leases (including Finance Lease, Novated Lease, Personal Lease and Fully Maintained Novated Lease).

Table 1: ATO minimum residual guidelines for leases

Table 1: ATO minimum residual guidelines for leases
Lease contract term Minimum Balloon Payment (Residual Value)
12 months 65.63%
24 months 56.25%
36 months 46.88%
48 months 37.50%
60 months 28.13%

The maximum Balloon Payment (Residual Value) available for a lease varies depending upon a range of factors including the age of the vehicle, the term of the lease, the specific type of lease used, the borrower’s financial profile and more.

Note: this is only a general guide and not financial or tax advice. You may want to contact your accountant or tax professional.

  • No financials are needed if the above eligibility OK.
  • Online privacy constant signed.
  • Dealer invoice = immediate decision.


  • You will need to sign the loan documents and affordability declaration.
  • You will need to provide your home/property rates notice.
  • You will need to confirm comprehensive insurance noting the lender as an interested party.
  •  Once approved settlement can be within 2 hours.

Commercial vehicle loan

Fast and easy loan approval process!

Are you business owner / self employed and need commercial vehicle finance?

Apply online now!


Oak Laurel Mortgage Broker

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Self-employed home loans

Are you self employed and need a home loan? Make sure that you are getting the right home loan for you, not just what is the easiest for the bank sales staff. Find out more:

Oak Laurel Finance Brokers – Loans made easy!

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