We specialize in Excavator Finance and help you access funding from banks and private lenders.

Our approval times are quicker than big banks, which often have complex processes.

Focusing solely on Excavator Finance, our team has in-depth knowledge of Equipment Loans and Excavators, allowing for better understanding than general lenders.

You get a dedicated Relationship Manager, making it easier to communicate regarding your application.

Our process is fast: pre-approval up to $500K in seconds, with unconditional approval in 24-48 hours and settlements the next day.

We offer more flexible policies compared to big banks, including No Doc Excavator Finance up to $500K and Low Doc Excavator Finance up to $1M.

Current rates start at 6.55% but may vary depending on the age of the Excavator or Machine being purchased and the credit score of the applicant

We have built our business on repeat customers and referrals over the past 20 years, so it's essential that we offer the best market rates when approving financing.

Our clients fill out the simple form in the APPLY NOW section of our website. A quick calculation is performed, and pre-approval is given within seconds.

No formal credit search is undertaken for pre-approvals up to $500K with means our applicants credit score is unaffected

If the applicant is successful, they will receive either an email or a phone call indicating what is required for both unconditional approval and settlement

Pre-Approval up to $500K is instant within seconds

Unconditional Approval is 24 – 48 hours after we receive the required information (such as a signed privacy form and income verification if required)

Settlement can be completed the day after unconditional Approval if the Excavator is bought from a licensed truck dealer. A private sale may take longer due to the extra paperwork needed from the seller.

Under our No Doc or Low Doc policy, we primarily fund Excavators no older than 20 years at the loan's end. For a 5-year term, the Excavator must be 15 years or younger at purchase. If it's older, we can shorten the loan term accordingly.

If the Excavator is over 20 years old at the end of the term, we can still assess it individually. However, we may require bank statements or financial records to verify income.

You can buy the Excavator from a dealer, auction, or private seller. Usually, you don't need a formal valuation when buying from a private seller, which can save you up to $1,000 in fees.

Dealer and auction sales are quick, while private sales can take longer due to the need for additional paperwork to verify ownership and ensure proper fund allocation.

Most of our Excavator Finance facilities are chattel mortgages. However, we can provide finance leases, commercial hire purchases, or rentals. All facilities work a little bit differently based on tax structures – but our clients can confirm with their accountant which facility type will best suit their business

Our policy is flexible, allowing a one-time loan payment within 6 months of drawdown. This helps clients buy the Excavator and sell their old machine privately, using the extra money to reduce their monthly payments.

We offer flexible balloon payments for our loans based on the excavator's age, work type, and expected hours. Balloons can range from 10% to 40%, depending on your needs and our guidelines.

A balloon payment reduces monthly payments, but the client must pay off the balloon at the end, refinance, or use money from a trade-in or private sale.

A balloon payment can be applied to a loan contract in order to reduce overall monthly payments and effectively maximise cash flow for a business

A balloon payment can only be applied to an Excavator that is no older than 5 years old at time of purchase

Balloon payments can be between 10% and 40% depending on the age of the Truck or the intended usage of the Machine

Clients with contracts that have balloon payments can choose three options: pay the balloon amount at the end, refinance with a new loan, or use trade-in value from the Excavator.

Our flexible policy matrix provides our customers access to a wide range of funding options which often means we do not require financial statements

No Doc Excavator Finance up to $500K (no bank statements and no financials)

Low Doc Excavator Finance up to $1M (BAS and tax portal)

Full Doc Excavator Finance above $1M (accountant prepared financials and personal tax returns for the directors)

For loans up to $500K, we don't need financial statements; only larger loans require BAS or accountant-prepared financials because of increased credit risk.

We provide Excavator Finance for new businesses with no deposit for loans up to $175K. For loans over $175K, a deposit of 10% to 20% is often required.

We need to see a work source letter or work contract confirming our clients has ongoing work

Also required is confirmation that our customer has funds in the bank to cover running costs for the first 3 months (must be genuine savings)

Heavy Vehicle Finance is based in Brisbane, but we serve clients across Australia. After building a relationship, your Relationship Manager will arrange a visit to better understand your business.

We assist clients throughout Australia with fast online approvals and send documents via email or DocuSign. Heavy Vehicle Finance customers can contact our office or their dedicated Relationship Manager anytime.

We provide financing for all types of Heavy Trucks and Machinery, requiring only that the asset has identifiers and is used for business purposes.

As we only specialise in Excavator Finance we are unable  to assist with Loans such as Personal Loans, Home Loans or Recreational Vehicle Loans