Finance question
Can I finance a forklift?
Yes. A forklift is a classic asset-finance purchase because the machine itself secures the loan. New or used, electric, LPG or diesel, counterbalance or reach, it can usually be funded up to $500,000 with low-doc or no-doc options, often approved in 24 to 48 hours.
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The short answer
The forklift secures its own finance
A forklift is one of the most financeable pieces of gear a business buys. Warehouses, freight yards, factories, nurseries and hire fleets all run them, and because the machine holds its value and secures the loan, lenders are comfortable funding it. That covers electric counterbalance units, LPG and diesel machines, reach trucks and order pickers, whether new off the floor or a used ex-rental.
Because the lift is the security, you often do not need full financials. Many forklift deals settle low-doc or no-doc on the strength of your ABN and the asset, rather than tax returns and BAS. That is why a single machine or a small fleet can move from quote to approval inside 24 to 48 hours when the paperwork is clean.
Ventas is a broker, not a lender. We sit across 40+ lenders and match your forklift purchase to the one most likely to approve it and price it well. There is no upfront fee to you. The lender pays us on settlement, so our job is to structure the deal and advocate for it, not to sell you a rate.
Do you qualify?
What makes a forklift deal fundable.
The forklift itself
New or used, electric, LPG or diesel, it becomes the security.
An active ABN
Sole traders, partnerships and companies all qualify.
A real use
Warehousing, manufacturing, logistics, farming or hire.
A clean quote
A supplier or dealer invoice speeds the approval up.
Why forklifts are easy to fund
Strong resale
Forklifts hold value and have a deep used market, so lenders see solid security.
Asset-secured
The machine carries the risk, which is why low-doc and no-doc deals work.
Fast to settle
A clean quote and ABN can turn into an approval in a day or two.
A real example
A third-party logistics operator needs two used LPG counterbalance forklifts at about $28,000 each to handle a new contract starting in a fortnight. Funded low-doc on the machines as security, no financials required, approved inside two days so the units were on site before the contract began. Illustrative only.
Common questions
Frequently asked questions
Can I finance a used forklift?
Yes. Used and ex-rental forklifts are common asset-finance deals. Age and hours can affect which lender fits, but a solid machine is strong security.
Do I need financials to finance a forklift?
Often no. Many forklift deals settle low-doc or no-doc on the strength of your ABN and the machine as security.
Can I finance more than one at a time?
Yes. A small fleet can be funded on one facility, subject to lender assessment of the total exposure.
Does the fuel type matter?
Not for approval. Electric, LPG and diesel forklifts all finance the same way. The machine secures the loan either way.