Finance question
Can I finance new and used equipment differently?
Yes. New and used gear can be financed under the same broad structure, but lenders read them differently on term, deposit and age at end of loan. A new CNC machine or delivery van is straightforward, while a ten-year-old excavator sits with a narrower set of lenders. Matching each purchase to the right lender is the whole game.
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The short answer
Same door, different terms
New equipment is the easy case. A factory-fresh forklift, a new bakery oven or a current-model ute has a clear resale value and a long working life, so most of the 40+ lenders will compete for it. That competition usually means a longer term and a slim deposit, sometimes no deposit at all when the numbers stack up.
Used equipment is fundable too, it just changes the shape of the deal. A lender looks harder at the age, hours or kilometres and the condition, because the security has to hold its value across the loan. A well-kept used excavator or a low-hour tractor can be financed on close to new-asset terms, while tired, high-hours gear draws a shorter term and often a deposit.
The practical upshot is that you should not assume used means declined or new means the best rate. We look at each asset on its own, place the new gear with the keenest lender and route the older machine to one that understands that category. Both can move in the 24 to 48 hour window when the file is clean.
Do you qualify?
What makes each purchase fundable.
A defined asset
New or used, from a dealer or private sale, with make, model and serial.
Age and hours
How old the used item is, and how much life is left in it.
An active ABN
Sole traders and companies both qualify, often with no financials.
A deposit if older
Rarely needed on new gear, sometimes helpful on aged assets.
Why the split matters
Resale drives the term
A new asset holds value longer, so lenders stretch the term and trim the deposit.
Used has its specialists
Some lenders are built for older machinery and vehicles that a bank waves off.
One broker, both paths
We place new and used with whoever prices each best, not one policy for both.
A real example
A landscaper buys a new $38,000 mini-loader and a five-year-old $22,000 tipper in the same week. The loader goes to a lender offering a full term with no deposit. The tipper, older and privately sold, goes to a used-asset specialist on a slightly shorter term. Both settle inside two days. Illustrative only.
Common questions
Frequently asked questions
Is a used asset harder to finance than a new one?
Not always. Well-kept used gear can attract close to new-asset terms. Age, hours and condition set how the lender prices it.
Can I finance a new and a used item at the same time?
Yes. They can be placed with different lenders in parallel, each with the one that suits that asset best.
Do older assets always need a deposit?
No, but a deposit can widen your options and help when the item is high-hours or privately sold.
Does buying privately versus from a dealer change anything?
It can affect the paperwork and which lenders will look at it, but private used purchases are still financeable.