Snapshot
- Industry: Construction / building
- Location: Victoria
- Time trading: ABN and GST registered, 3+ years
- Loan type: Vehicle finance (chattel mortgage)
- Vehicles financed: 4 utes (pre used), each on a separate application
- Amount secured: Around $25,000 per ute, $100,000 in total
- Turnaround: Pre-approval in an hour of enquiry
The Challenge
Dave, a builder based in Victoria, had more work coming in than his fleet could handle. He’d been trading for three years, ABN and GST registered, with a solid track record. Taking on bigger jobs meant he needed four utes on the road, and he needed them fast. Buying outright wasn’t an option. He needed to keep his cash free for day to day running costs, materials, and paying his crew. The need was urgent. He didn’t have time to chase multiple lenders or get bogged down in paperwork between job sites. He needed a finance partner who could move quickly and understood how a construction business actually operates.
The Solution
NeuLoans arranged finance for all four utes, pre used vehicles, through a chattel mortgage structure. Each ute was financed through its own separate application, giving the client a clear and straightforward process for each vehicle rather than one complicated bundled deal. Given the urgency of the request, speed was the priority. NeuLoans moved the client from enquiry through to application and pre-approval in an hour.
The Result
Dave secured all four utes, worth around $25,000 each, $100,000 in total, without disrupting cash flow or slowing down active jobs. With the fleet sorted, he could take on more project work instead of turning it away.
“Quick and smooth settlement, very quick turnaround time. The process from enquiry to application to pre-approval was in an hour.” — Dave, Builder,
VIC Turnaround times are subject to individual circumstances and lender conditions, and may vary from case to case.
Why Builders Choose NeuLoans for Fleet Finance
Growing construction businesses often need to get vehicles on the road fast, without the process eating into time better spent on the job. NeuLoans works with builders, earthmoving contractors, and tradies to structure vehicle finance around real project timelines, not the other way around. See our Car Loans options, or read how we help tradies specifically. Thinking about upgrading your fleet to keep up with demand? Get a free online quote or talk to our team about vehicle finance options for your business. Ready to move forward? Apply now. This case study reflects one client’s experience. Finance approval, loan amount, and structure depend on individual circumstances and lender criteria.
Frequently Asked Questions
What is a chattel mortgage in Australia?
A chattel mortgage is a business finance structure where the lender advances funds to purchase a vehicle or piece of equipment, and the business takes ownership of the asset from the outset. The lender registers a security interest over the asset until the loan is repaid in full. This structure is commonly used by ABN and GST registered businesses to finance utes, trucks, and other work vehicles, and interest and depreciation may typically be claimed as tax deductions, subject to individual circumstances and professional advice.
How does ute finance for tradies work?
Ute finance for tradies is typically arranged through a chattel mortgage or similar business vehicle finance structure, allowing tradies and builders to purchase new or used utes for work use while spreading the cost over a fixed term. Applications are usually assessed on factors such as ABN and GST registration, time trading, and business cash flow. Pre-approval timeframes vary by lender and individual circumstances, though many applications can move quickly when documentation is ready.
Can I finance multiple vehicles separately instead of one bundled loan?
Yes. Many businesses finance multiple vehicles through separate applications rather than one bundled facility, which can make it easier to track individual vehicle costs and repayment terms. This approach was used in the case study above, where four utes were each financed through their own application rather than a single combined loan.
Related Reading
Ready to Upgrade Your Fleet?
Growing businesses need vehicles on the road fast. Get a free online quote, talk to our team about vehicle finance options, or apply now to get started.
This case study reflects one client’s experience. Finance approval, loan amount, and structure depend on individual circumstances and lender criteria.