Finance question
Can I finance used yellow goods?
Yes. Used yellow goods, excavators, loaders, dozers, skid steers and backhoes, are core equipment finance territory. The machine secures the loan up to $500,000 per asset, private sales are fine, and deals often settle low-doc or no-doc. Age, hours and condition shape the offer. Subject to lender assessment.
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The short answer
Used earthmoving gear finances cleanly
Yellow goods, the earthmoving family of excavators, wheel loaders, dozers, skid steers, backhoes and graders, are among the easiest machines to finance used. They hold value in a deep secondhand market, they are simple to identify by make, model and serial, and their hours give a clear read on condition. That combination makes a used machine strong security for a lender.
Buying used often means buying privately or at auction, and that is not a problem. Equipment finance handles private sales and dealer sales alike, up to the $500,000 limit per asset, which covers the large majority of used yellow goods. Because the machine is the security, these deals frequently settle low-doc or no-doc, without tax returns or BAS.
Age and hours do more than tonnage to set the offer. A lender looks at the year, logged hours, brand reputation, service history and overall condition, and older or higher-hour machines can carry a shorter term or a deposit. That does not shut them out. Used gear that a bank would knock back on age alone is regularly placed with a lender that reads the whole picture.
Do you qualify?
What lenders weigh on used yellow goods.
A specific machine
Make, model, year and hours of the used unit.
Private or dealer sale
Auction, private and dealer purchases all qualify.
Age and condition
Hours and service history shape term and deposit.
An active ABN
Sole traders and companies both qualify.
Why used yellow goods finance well
Deep resale market
A busy secondhand market makes used gear strong security.
Private sales fine
Auction and private purchases finance the same as dealer buys.
Age is workable
Older, higher-hour machines still fund with the right lender.
A real example
A landscaper buys a 12 year old skid steer with a 4 in 1 bucket privately for around $35k, a machine a bank would decline on age. Placed with a lender that reads hours and condition, secured on the skid steer, it settles low-doc on a term suited to the machine, with a small deposit. Illustrative only.
Common questions
Frequently asked questions
Is there an age limit on used yellow goods?
There is no flat limit. Older machines can carry a shorter term or a deposit, but used gear a bank declines on age is regularly placed with the right lender.
Can I finance a machine bought at auction or privately?
Yes. Auction, private and dealer purchases all qualify, subject to inspection and lender assessment.
Do I need financials for used machinery?
Many deals settle low-doc or no-doc because the machine secures the loan, up to $500,000 per asset.
What affects the rate and term on used gear?
Age, logged hours, brand, condition and any deposit all feed into the offer, alongside your profile.