Ute finance is a loan for a work ute, often including a toolbox or service body fit-out, repaid over a set term. LDM Finance submits one application across a panel of lenders, including UDC Finance, Marac and Avanti Finance, so a tradie can get a work-ready vehicle earning from day one.
Who qualifies
✓Tradies and contractors using a ute for daily work
✓Sole traders and companies buying a work ute in the business name
✓Applicants with a trading history and a clean recent credit record
✓Buyers financing the ute plus a toolbox or service body fit-out
Yes. The ute and the fit-out can usually be financed together in one loan, so you have a work-ready vehicle from the start. Include the toolbox, canopy or service body cost when you apply. We structure the finance across our lender panel to match the full package and how you trade.
The structure can differ. A ute financed in a business name may be set up differently from one for private use, and the tax treatment differs too. We arrange the finance around who the applicant is and how the ute is used. Confirm any tax detail with your accountant before you buy.
Yes. Sole traders, partnerships and companies can all apply. Lenders look at your trading history, income, existing commitments and the ute itself. A clean recent record and a vehicle that holds its value help. We present your application to the lender most likely to support it.
Not always. Several lenders on our panel offer zero deposit finance on work utes, so the loan can cover the full price. A deposit lowers your repayment and total interest, so it is worth weighing against keeping cash on hand for the business.
LDM Finance works with a panel of lenders and is not a lender. Approvals are subject to responsible lending inquiries. Each lender's eligibility criteria, fees, terms and conditions apply. All figures are indicative only, at a representative rate of 12.95% per annum, and do not constitute an offer of finance. Finance wording follows UDC Finance's standard guidance and remains subject to UDC marketing review.
