Ute & Dual Cab Finance

Ute Finance from 5.49% p.a.

From HiLux and Ranger to single cabs and custom tray builds, we finance every type of ute for tradies, farmers, and weekend warriors. Personal and business use options with tax benefits for ABN holders.

Comparison rate 6.12% p.a.* on a $55,000 secured ute loan over 5 years.

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Ute Finance Calculator

New and used utes — personal or business

Loan Amount

$55,000

$10,000$120,000

Interest Rate (p.a.)

6.49%

5.00%12.00%

Loan Term

5 years

1 years 7 years

Monthly Payment

$1,075.88

Total Interest

$9,553

Total Repayment

$64,553

Principal (85.2%)Interest (14.8%)

Principal: $55,000

Interest: $9,553

This calculator provides estimates only. Actual rates and repayments may vary based on your circumstances and lender requirements.

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Ute Finance at a Glance
Finance all ute types: single cab, extra cab, dual cab, cab chassis, and custom trays
Include accessories in the finance: canopies, toolboxes, bull bars, tow bars, and more
Business use (chattel mortgage) provides GST credit, interest deduction, and depreciation
Personal use secured rates from 5.49% p.a. for new utes with good credit
Low doc options for tradies and self-employed ABN holders

Tradie Ute Finance

Australia's ute market is dominated by tradies and small business owners who rely on their ute as an essential work tool. Financing a work ute through the right structure can save thousands in tax each year. Here is how to maximise the financial benefits:

If you operate under an ABN and use the ute primarily for business purposes, a chattel mortgage is typically the most tax-effective option. You own the ute from day one, claim the GST on the purchase price immediately, deduct interest payments as a business expense, and depreciate the vehicle over its effective life.

For a $65,000 dual cab (inc. GST) financed over 5 years via chattel mortgage, the combined tax benefits (GST credit + interest deduction + depreciation) can exceed $20,000 over the life of the loan, depending on your tax rate. This effectively reduces the after-tax cost of the ute significantly.

Popular Utes and Indicative Finance

Ute Model	Drive-Away Price (approx.)	Monthly Payment (5yr, 6.49%)
Toyota HiLux SR5 Dual Cab	$62,000	$1,214/month
Ford Ranger Wildtrak	$65,000	$1,273/month
Isuzu D-MAX X-Terrain	$60,000	$1,175/month
Mitsubishi Triton GSR	$52,000	$1,018/month
GWM Ute Cannon	$38,000	$744/month

Prices and payments are indicative. Actual amounts depend on variant, options, and individual rate.

Financing Accessories and Fitout

A work ute often needs thousands of dollars in accessories to be job-ready. The good news is that most lenders allow you to bundle accessory costs into the vehicle finance, avoiding the need to pay separately. Common accessories that can be financed include:

Canopies and hardcovers — aluminium canopies, fibreglass canopies, and tonneau covers ($1,500-$6,000)
Toolboxes and storage — underbody toolboxes, drawer systems, and cargo management ($500-$3,000)
Bull bars and protection — steel and alloy bull bars, side steps, and bash plates ($800-$3,000)
Tray bodies — aluminium or steel tray bodies for cab chassis models ($2,000-$8,000)
Towing equipment — tow bars, trailer wiring, and weight distribution hitches ($300-$1,500)
Roof racks and ladders — heavy-duty roof racks and ladder racks ($400-$2,000)

Application Process

Tell Us What You Need

Ute type, accessories, personal or business use. We recommend the best finance structure.

Get Pre-Approved

Quick approval based on your income and business details. ABN holders get fast-tracked.

Shop & Negotiate

Visit dealers with pre-approved finance. Negotiate on the ute and accessories.

Drive Away Ready to Work

Ute and accessories financed together. One loan, one repayment, one deduction.

Related Finance Options

Chattel Mortgage

Tax-effective business finance

Business Car Loans

All business vehicle options

New Car Loans

Finance a new ute

Low Doc Car Loans

Self-employed finance

Truck Loans

Larger commercial vehicles

No Deposit Car Loans

100% ute financing

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.

Ute Finance FAQs

What ute finance options are available?

Utes can be financed through a standard car loan (personal use), chattel mortgage (business use, tax-deductible), hire purchase, novated lease (salary packaging through employer), or operating lease. The best option depends on whether the ute is for personal or business use and your tax situation. Tradies using utes for work typically benefit most from a chattel mortgage.

Can I claim tax deductions on my work ute?

If the ute is used for business purposes and financed through a chattel mortgage or hire purchase, you can claim interest as a tax deduction, depreciate the vehicle, and claim the GST on the purchase price (if GST registered). For dual-purpose utes used for both work and personal, you can claim the business-use percentage. A logbook method is recommended to substantiate the split.

Do I need a deposit for ute finance?

Not necessarily. Many lenders offer 100% financing for new and near-new utes. For used utes or borrowers with impaired credit, a deposit of 10-20% may improve your rate or approval chances. Business buyers using a chattel mortgage can also structure a trade-in as a deposit.

What is the best ute finance for tradies?

For tradies operating under an ABN, a chattel mortgage is typically the best option. You own the ute from day one, claim GST upfront, deduct interest, and depreciate the vehicle. If you are a PAYG employee, a novated lease through your employer saves on income tax. For personal use, a standard secured car loan offers the lowest rates.

Can I finance ute accessories and fitout?

Yes, many lenders allow you to include the cost of ute accessories in the finance. This can include canopies, toolboxes, bull bars, tray bodies, roof racks, and tow bars. The accessories are typically financed at the same rate as the vehicle, and for business use, the total amount is depreciable.

Get Your Ute Financed Today

Work utes, dual cabs, and accessories — all in one finance package.

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