Ute, Tool & Equipment Loans Made Easy
If you’re a tradie in Sydney — whether you’re an electrician, landscaper, plumber, or builder — having the right ute, tools, and equipment is essential to getting the job done.
Buying everything outright, however, isn’t always feasible — especially when you’re balancing cash flow. That’s where vehicle and equipment finance comes in. With the right structure, you can upgrade your setup today and spread the cost over time.
Why Finance Makes Sense for Tradies
Running a successful trade business requires serious gear:
- Utes or vans
- Toolboxes and trailers
- Power tools, generators, site equipment
- Machinery like excavators or trenchers
- Safety gear, uniforms, branding
Financing instead of paying upfront allows you to:
- Maintain your working capital
- Invest in higher-quality, longer-lasting gear
- Access potential tax benefits
- Upgrade sooner without delays
Ute Loans for Tradies
Your ute is more than transport — it’s your office, tool shed, and delivery vehicle. Whether you’re buying new or used, ute finance helps you spread the cost.
Key Features of Ute Loans:
- Borrow between $10,000 and $150,000+
- Finance dealer or private sales
- Loan terms from 1–7 years
- Balloon options to reduce repayments
- Low-doc loans for ABN holders
Example:
Finance a 2021 Toyota Hilux for $45,000. With a 5-year term and 20% balloon, your repayments could be under $700/month — and you may be able to claim GST upfront if registered.
Tool & Equipment Finance
Need to level up your trailer, power tools, or machinery?
You can finance:
- Toolboxes and utility trailers
- Excavators, trenchers, and bobcats
- Generators, scaffolding, and safety gear
- Specialist tools and trade-specific equipment
Many lenders offer low-doc options — perfect if you haven’t completed your tax returns but can show bank statement activity.
Best Types of Finance for Tradies
| Finance Type | Best For | Key Benefits |
| Chattel Mortgage | Vehicles, tools, machinery | Own from day one, claim GST and depreciation |
| Lease / Rent-to-Own | Short-term or upgradeable gear | Lower upfront cost, flexible terms |
| Business Line of Credit | Cash flow gaps, smaller items | Only pay for what you use |
| Low Doc Loan | ABN holders without full financials | Quick approvals, minimal paperwork |
Who’s Eligible to Apply?
Lenders favour tradies — especially those who’ve been operating for 6+ months.
You’ll typically need:
- An ABN (registered for at least 6 months)
- GST registration (preferred, not essential)
- 3–6 months of business bank statements
- A quote or invoice for the item
- A clean or explainable credit history
Tax Benefits of Equipment Finance
Financing gear can also deliver tax-time perks:
- Claim GST upfront (if registered)
- Deduct interest and depreciation
- Use the instant asset write-off (subject to eligibility)
Always check with your accountant before finalising a loan.
Case Study: Western Sydney Landscaper
Tom runs a solo landscaping business in Penrith. To grow, he needed more gear.
With help from Lyft Money, he:
- Financed a 2021 ute for $44,000 via chattel mortgage
- Financed a trailer and mower combo for $11,000 on low-doc terms
- Secured both loans within 48 hours
He doubled his weekly bookings and claimed over $8,000 in tax deductions.
Why Work with a Finance Broker?
There are over 40 lenders in Australia — but not all understand trade businesses.
At Lyft Money, we:
- Compare lenders that specialise in trade and construction
- Help structure your loan to fit cash flow and tax goals
- Offer low-doc and fast-approval solutions
- Support private and dealer purchases
Final Thoughts
If you’re a Sydney tradie ready to upgrade your ute or gear, don’t let upfront costs hold you back.
The right finance can help you:
- Gear up fast
- Protect your cash flow
- Win more jobs and stay ahead of the competition
Ready for a New Ute or Tool Upgrade?
Speak with the team at Lyft Money — Sydney’s tradie finance specialists for ute loans, equipment funding, and tool upgrades that work as hard as you do.