Loader Finance

Wheel loaders, backhoe loaders, and compact utility loaders are all financeable. New machines, used machines, dealer stock, private sale, and auction purchases are covered. If you are looking at a skid steer or compact track loader specifically, see our dedicated skid steer finance page.

Not necessarily. Many lenders offer 100% finance with no deposit required for established operators with a clean credit profile. A deposit can help secure a better rate in some situations, particularly for newer businesses or less common brands, but it is not a standard requirement.

Yes. Used loaders make up the majority of files we write. Lenders assess the machine on brand, age, hours, condition, and service history. Tier one brands like Caterpillar, Komatsu, and Volvo in good condition with documented service records are financeable well beyond the age limits that major banks apply.

Most lenders are comfortable to 15 to 20 years at end of term for tier one brands. A 12 year old Cat 966 with 8,000 hours and a service history is a straightforward file. Budget brands are harder to finance past 10 years because residual values are less predictable. Hours matter as much as age on loaders.

Most lenders are comfortable to 15 to 20 years at end of term for tier one brands. A 12 year old Cat 966 with 8,000 hours and a service history is a straightforward file. Budget brands are harder to finance past 10 years because residual values are less predictable. Hours matter as much as age on loaders.

Absolutely. We handle private sale and auction purchases regularly, including through Pickles, Ritchie Bros, and GraysOnline. The process includes a PPSR search to confirm the machine is clear, an independent inspection if required by the lender, and settlement managed directly with the seller. Pre approval is available so you know your budget before bidding.

With a chattel mortgage, you own the loader from day one and claim depreciation and GST on the purchase upfront. With a finance lease, the lender owns the asset and you make rental payments, claiming the GST on each payment. Most owner operators and contractors choose chattel mortgage for the upfront depreciation benefit. Your accountant can advise which structure suits your business.

Yes. Lenders on the panel offer options for new ABN holders, typically assessed on industry experience, a deposit or equity contribution, and evidence of contract income or a head contractor agreement. Having a new ABN does not rule you out, but the requirements are different to an established operator applying on a low doc basis.

Most approvals come back within 24 to 48 hours once your application is submitted to the right lender. Larger files or applications with additional complexity may take a few extra days as documentation is reviewed.

Under a chattel mortgage, the interest on the loan and depreciation of the machine are generally tax deductible, and you can claim the GST on the purchase price upfront. Other structures have different tax treatments. Confirm the specifics with your accountant based on your business structure.

Yes. Buckets, forks, rippers, and other attachments can be included in the finance as long as they are itemised on the invoice. This is standard on most loader files and avoids the need for a separate finance arrangement for the attachments.

Not directly, but usage affects hours accumulation, which lenders do consider. Quarry loaders can run 2,000+ hours per year. Civil site loaders might do 800 to 1,500. Agricultural loaders may only clock 500. Higher annual hours affect the lender's view of the machine's condition at end of term, so this is factored into the assessment.

Low doc finance means approval without full financial statements or tax returns. Instead, lenders assess your application on ABN history, BAS lodgement, bank statements, and the asset being financed. It is available for established operators with two or more years of trading and a clean credit profile. Borrowing limits on low doc typically go up to $300,000 to $500,000 depending on the lender.

Yes. Refinancing is common when rates have dropped since you originally settled, when a balloon is approaching that you want to restructure, or when consolidating multiple machine loans into one facility. We compare your current arrangement against the panel and present options if a better structure is available.

Generally, yes. Tier one brands with strong resale values give lenders more confidence, which translates to better rates, longer terms, and more flexibility on age at end of term. That does not mean other brands are unfinceable, but the terms may be slightly different, particularly on older units where resale data is thinner.