Vehicle Loans
Need a truck loan? Whether you're buying a new or used truck, upgrading or growing your fleet, we work hard to deliver the cheapest deal. We're known for delivering sharper rates than banks, dealerships and other brokers, with a loan strategically structured around your business.
Vehicle Loan Deals: Low Rates, Fast Approvals
Looking for a vehicle loan in Australia? Overdrive Vehicle Finance helps ABN holders, including businesses, sole traders, trusts, companies, owner operators, owner drivers and self employed applicants, finance new and used vehicles with competitive rates, fast approvals and flexible loan options structured around their business.
Whether you’re buying from a dealership, private seller or auction, we compare your application across suitable lenders from our panel of 80+ banks and non bank lenders, then negotiate directly with lenders to secure the sharpest rate and terms available for your circumstances.
We’re known for delivering some of the lowest vehicle loan rates and repayments in Australia and beat bank, dealer and broker quotes every day. Our lender relationships and reputation give us the ability to negotiate discounted rates and push for better deals.
Eligible applicants may have access to no deposit vehicle loans, flexible terms up to 7 years, balloon payment options and finance without additional property or asset security. We also offer no doc, low doc and lite doc vehicle loans up to $500,000, along with full doc vehicle loans up to $10M+ for larger purchases, multiple vehicles and fleet expansion.
Same day pre approvals and approvals within 24 to 48 hours may be available for eligible applications, helping you move quickly when you’ve found the right vehicle.
Our vehicle loan rate comparison service is 100% free. If you decide not to proceed, there’s no cost to you. Where we can compare your options without submitting a formal credit application, there will also be no impact on your credit profile.
Whether you need a chattel mortgage, commercial hire purchase, finance lease, rent to own, sale and leaseback or vehicle refinance, we match your business and vehicle to the right lender and negotiate a deal that’s hard to beat.
Competitive Truck Loan Rates
Getting a vehicle loan approved is only part of the job. Getting the right rate and structure matters just as much.
We’re known for delivering some of the lowest vehicle loan rates and repayments in Australia and beat bank, dealer and broker quotes every day.
Our strong reputation and relationships with lenders give us the ability to negotiate pricing directly, request discounted rates and push for better deals where available.
Rather than accepting the first rate offered, we know which lenders to approach, how to structure the application and when there’s room to negotiate.
100% Free Truck Loan Rate Comparison
Our vehicle loan rate comparison service is 100% free. We compare your options across suitable lenders to find the most competitive rate and loan structure available for your circumstances.
If you decide not to proceed, there’s no cost to you. Where we can compare your options without submitting a formal credit application, there will also be no impact on your credit profile.
We regularly compete with and beat bank, dealer and broker quotes, using our lender relationships to negotiate discounted rates and better deals where available.
Australian Family Owned Truck Loan Broker
Overdrive Vehicle Finance is an Australian family owned vehicle and trailer finance brokerage focused on building long term relationships with our clients.
Every client works personally with Simon Kendrick, Managing Director. No 1300 numbers, just a direct mobile. From your first conversation and lender negotiations through to approval and settlement, Simon remains involved throughout the entire process.
With 30+ years in commercial finance, Simon has worked across virtually every type of vehicle loan scenario, from straightforward new vehicle purchases to used and older vehicles, private sales, auctions, existing finance and poor credit scenarios.
That experience means we understand what lenders are looking for, where an application is likely to fit and how to structure a vehicle loan application properly before it reaches a credit team.
We’ve helped clients finance their first vehicle right through to their 30th vehicle, and that’s the type of long term relationship we aim to build.
Our goal isn’t to finance one vehicle and disappear. We want to work with you through every phase of growth, from your first vehicle to replacing vehicles, adding more vehicles and building an established fleet.
Clear communication. Upfront and transparent. One experienced broker for this vehicle and every vehicle after that.
How to get a truck loan
Four steps from application to having your truck on the road. Straightforward deals can settle in 24–48 hours.
Tell us about your business and the vehicle
Share your ABN, the vehicle you’re buying and your budget. The online enquiry takes just a few minutes, and a soft check won’t touch your credit score.
We compare matched offers from 80+ lenders
We put your deal across our panel for chattel mortgage, finance lease and hire purchase, then show you the rates, terms and repayment structures side by side.
Send documents and get approved
Provide ID, ABN details and recent bank statements — or go low-doc if your business is established. Most approvals land within 24 hours.
Settle and put your vehicle to work
We coordinate settlement with the dealer or private seller, and your vehicle is ready to earn the moment the funds clear.
Built for Australian businesses
We understand what it takes to get a vehicle loan over the line across all types of business scenarios. From owner drivers and start ups buying their first vehicle to established businesses expanding their fleets, we know how to structure each application, match it with the right lender and negotiate the best possible outcome.
Vehicle Loans for Every Type of Vehicle
We finance new and used vehicles across Australia, from an owner driver buying their first vehicle to established businesses purchasing multiple vehicles and growing their fleets.
Different vehicle types, ages and configurations can attract different lender policies, rates and loan terms. That’s why we don’t treat every vehicle loan application the same.
We understand vehicles, how they’re used and how lenders assess them. We match the vehicle, your business and the loan structure to the right lender from the start.
Vehicle Loans Across Australia
We arrange vehicle loans Australia wide for ABN holders throughout NSW, VIC, QLD, WA, SA, TAS, ACT and NT.
The entire process can be handled by phone and email, so whether your vehicle is around the corner or interstate, we can arrange the loan and coordinate settlement with the seller.
Whether you’re buying your first vehicle, replacing an existing vehicle or expanding your fleet, you get the same approach: competitive rates, flexible loan options, fast approvals and one dedicated broker from application through to settlement.
Vehicle Loan Options for Every Business
Not every business or vehicle purchase fits the same lending criteria. That’s why we offer different vehicle loan options based on your business, documentation, credit profile and the vehicle you’re purchasing.
Low Doc, Light Doc & Full Doc Vehicle Finance
When applying for vehicle finance, lenders will generally offer Low Doc, Light Doc or Full Doc options. The right choice depends on your business structure, trading history, and the type of vehicle you're purchasing.
| Feature | Low Doc Vehicle Finance | Light Doc Vehicle Finance | Full Doc Vehicle Finance |
|---|---|---|---|
| Financial Statements Required | No | No | Yes |
| BAS Statements Required | No | Usually | Sometimes |
| Business Bank Statements | No | Yes | Sometimes |
| Approval Speed | Fastest | Fast | Standard |
| Interest Rates | Higher | Competitive | Most Competitive |
| Borrowing Capacity | Up to $500k | Up to $500k | Up to $10m+ |
| Ideal Outcome | Quick approval with minimal paperwork | Balance of flexibility and pricing | Best pricing and maximum borrowing power |
Which Option Is Right For You?
Need help deciding? Our finance specialists will assess your circumstances and recommend the most suitable asset finance solution for your business.
| If You Are… | Recommended Option |
|---|---|
| Self-employed or businesses with limited financial records | Low Doc |
| Businesses with bank statements and BAS available | Light Doc |
| Businesses with full financials | Full Doc |
Low Doc Vehicle Finance
Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.
Light Doc Vehicle Finance
Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.
Full Doc Vehicle Finance
Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.
Truck loan FAQs
What interest rate will I get on a vehicle loan?
Rates start from 6.55% p.a. for a strong, asset-backed vehicle loan and move up with the age of the vehicle, the term, any deposit and your credit profile. Because we compare a panel of lenders on one application, we quote the sharpest rate you actually qualify for rather than a single bank's rate card.
Can I get a vehicle loan without financials (low-doc)?
Yes. For an eligible loan under a lender limit we can arrange a low-doc vehicle loan with no tax returns or BAS, on the strength of your ABN age, GST registration and clean credit. It typically needs a 2+ year ABN and sits slightly above a full-doc rate.
Who can apply for a vehicle loan?
ABN holders — sole traders, partnerships and companies. Commercial lending to ABN holders sits largely outside consumer credit rules, which usually means a faster, simpler process than a personal loan.
Does enquiring about a vehicle loan affect my credit score?
No. The initial enquiry is a soft check only and does not affect your credit score. We only lodge a formal loan application to a lender once you have seen the numbers and told us to proceed.
Do I need a deposit for a vehicle loan?
Not always. $0-deposit vehicle loans are available for eligible deals, subject to assessment. A deposit or trade-in can help with a newer ABN or an older asset, and it lowers the amount borrowed and your repayments.
What loan terms are available?
Vehicle loan terms typically run from 1 to 7 years. A longer term lowers the repayment but costs more interest overall; a shorter term costs less interest but repays faster. We help you balance cash flow against total cost.
Can I get a loan on a new or used vehicle?
Both. We arrange loans for new vehicles (dealer stock and factory orders) and used vehicles bought from a dealer, at auction or from a private seller. On a used vehicle, its age, kilometres and condition can affect the rate and term.
Can I buy from a private seller or at auction with a vehicle loan?
Yes. For a private sale the lender verifies ownership and checks the vehicle is clear of existing finance (a PPSR check) before releasing the loan funds. We manage that process with you.
How does a balloon or residual work on a vehicle loan?
A balloon (or residual) is a lump sum set aside to the end of the term. It lowers your regular repayments now, which suits operators who refresh vehicles every few years — you pay it out, refinance it, or trade in at term end.
How quickly can a vehicle loan be approved?
For a straightforward, asset-backed vehicle loan we can often come back with an indicative answer the same business day, with conditional approval frequently inside 24 hours, and settlement within a few days once documents are in.
Ready to find your best vehicle loan rate?
Free quote in minutes, decisions in 24–48 hours. No obligation, no credit-score impact to enquire.