Excavator Finance - Heavy Vehicle Finance Australia

Need a great deal on Excavator Finance?

Go with a company that has been financing excavators for over 20 years.

No doc and Low doc funding options to suit your requirements.

Our online Pre-Approval process is easy and provides an answer within seconds – up to $500K.


We specialise in excavator finance and can therefore present to our clients a funding solution 95% of the time.




Do you have any questions about Excavator Finance or Excavator Loans?

Excavator Finance Questions Answered

Yes – most finance companies require their customers to have been trading for 2 years before even looking at them. However, we can offer loans to customers with ABN’s that are only one day old.

For ABN holders of 2 years or more – for the most part, no.

No financials or bank statements –  borrow up to $250k.

Bank statements only – borrow up to $500k

Financials – unlimited

Most financiers only finance excavators up to 5 or maybe 10 years old, however we can finance excavators up to 25 years old at time of purchase.

In some instances we can even go beyond 25 years old at time of purchase.

Our rates start from 3.05%, however lower rates can be obtained if the finance amount is greater than $500K. A risk loading might be applied for new start ventures or existing business clients that have marginal servicing capacity.

A balloon payment is used to effectively reduce the monthly payments over the term of the loan. Client has the option to (at the end of the loan term) refinance the balloon, payout it out in full or have the dealer pay it out when a new excavator is acquired.

Yes – there can be significant tax benefits with these types of loans.

Chattel mortgage loans and commercial hire purchase loans, depreciation and interest can be claimed as a tax deduction whilst the gst on the purchase can be claimed as in input tax credit.

Operating lease and fully maintained operating lease, the full payment can be claimed as a tax deduction.

No – at Heavy Vehicle Finance you can apply for finance for the following equipment:

  • Trucks
  • Truck Trailers
  • Earthmoving Equipment
  • Construction Equipment
  • Mining Equipment
  • Farming Equipment

A no doc loan requires no financials or bank statements up to $250k. A low doc loan requires bank statements but no financials up to $500k.

We have an extensive range of low doc products available to our customers. However, the max amount finance for low doc excavator or heavy equipment finance is $500K. There is no lending limit on a replacement facility as long as the new amount financed does not exceed 25% of the existing loan repayment.

We have an extensive range of no doc products available to our customers. However, the max amount finance for no doc excavator or heavy equipment finance is $250K.

Yes – even for new start businesses. Only on rare occasions would a deposit be required.

Dealer sale is when the sale of an excavator comes from any of the following vendors

  • licenced excavator or heavy equipment dealer (must have dealer licence number)
  • auction house
  • excavator or heavy equipment manufacturer

Private sale is when the sale of an excavator is being sold by a sole trader, partnership or private company (need financial statements for private sales).

We provided finance for both private sales and dealer sales.

We specialise in only excavator and heavy equipment finance, whereas other institutions have staff members that work all arears of finance – both personal and business. This means we can offer very specialised and tailored finance products to our customer.

  • Clients can obtain conditional online finance pre-approval within seconds
  • Conditional approval within 24 hours
  • Settlement within 48 hours

Want to Get Started Right Now?



Example Funding Scenario

track-type loader excavator at sand quarry

  • New client requested finance approval to purchase a 10 year old excavator.
  • Customer’s bank had declined deal based on their financials.
  • We issued a conditional approval under our no doc policy (no financials and no bank statements)
  • Purchase Price – $150,000 (gst inc).
  • Self employed for 2 years
  • Equity in equipment – no
  • Director a home owner – yes
  • Dealer sale – yes


  • Client obtained conditional approval using our online pre-approval form
  • A finance approval was granted within 2 hours under our no doc policy up to $150k
  • No deposit required allowing client to borrow 100% of the purchase price and preserve cash flow
  • Client was able to purchase a more reliable Excavator and as a result, reduce maintenance costs going forward
  • Even though clients Accountant prepared figures did not service the deal, we were able to facilitate approval under our no doc policy

How Does the Process Work When Financing An Excavator?

Step 1

Client to complete online pre-approval form or have a short 5-minute conversation with one of our finance experts to ascertain what work they do, what type of equipment they are after and how long they have been in business. During this conversation they will need to provide application particulars relating to the business and the business owners.

Step 2

The Finance Broker assesses the clients capacity to repay the debt – i.e. are financial statements available, are business bank statements available for the last 3 months, will the deal be a low doc with no financials or will a cashflow projection need to be prepared? A good Broker will manage this process for you.

Step 3

Once the above items have been collected, the Broker will be in a position to package a submission and offer a formal finance approval that will best suit the client’s specific situation. In most cases client is offered conditional approval within 24 to 48 hours.

Step 4

Conditional approval provided to customer and invoice requested from supplier.

Step 5

Documents are prepared and sent to client for signing either via email or the customer will be signed up in person.

Step 6

The deal is referred for settlement, the supplier of the excavator is paid and client can then take delivery of the excavator! Funding to supplier is in most cases completed within 24 hours.

Step 7

Post settlement pack sent out including a copy of the supplier tax invoice and the contract so client can provide their Accountant at tax time.

Make this Process Easy

To take advantage of our simple application process please contact one of our Consultants on 1300 788 740 or input your details into our online pre-approval page on our web site. Alternatively, you can send us a quick quote request and someone from our office will be in contact to take down your details.