Excavator Finance
Buying an excavator ties up capital you could be putting to work elsewhere. Excavator finance lets you get the machine on site and earning while you spread the cost over its working life. As commercial finance brokers, we compare specialist equipment lenders to find the right structure and rate — whether you’re a sole trader buying your first machine or a civil contractor adding to a fleet.
What you can finance:
- New and used excavators — from mini-excavators to large machines
- Purchases from a dealer or a private sale
- Attachments (buckets, augers, tilt hitches) rolled into the deal
- Often up to 100% of the price, with no deposit for established businesses
Types of Excavator Financing
The right structure depends on how you want to own the asset, your cash flow, and your tax position:
- Chattel mortgage — you own the machine from day one; you can typically claim the GST up front and claim depreciation and interest. The most popular option for businesses.
- Finance lease — the lender owns it and you lease it for a set term, with a buy-out option at the end. Lower upfront cost, fixed payments.
- Commercial hire purchase / rent-to-own — you hire the machine and own it after the final payment.
- Low-doc options — if your ABN has been GST-registered a couple of years, many lenders approve finance without full financials, using the asset itself as the strength of the deal.
Typical Terms
- 1–7 year terms, matched to how long you’ll run the machine
- A balloon (residual) payment can lower your monthly repayments, with the balance paid or refinanced at the end
- Rates depend on the age of the machine, your deposit, and your trading and credit history — newer machines and stronger businesses get sharper rates
- Fast approvals — asset finance usually settles quicker than a standard business loan
Things To Consider with Excavator Finance
What lenders look at:
- How long your ABN and GST registration have been active
- The asset — age, hours, make and resale value (machines that hold value are easier to fund)
- Your deposit and trading history (low-doc options exist for established operators)
The tax angle: depending on the current rules, you may be able to claim an immediate or accelerated deduction on the purchase, plus ongoing depreciation and interest. These thresholds change year to year, so confirm what applies with your accountant — but it’s a real factor in how and when you buy.
Excavator Finance with The Brokerage
Rather than taking the first rate your dealer offers, we compare a panel of specialist equipment finance and asset finance lenders, match the structure to your tax and cash-flow goals, and handle the paperwork so your machine is working sooner. Based in Brisbane, we know which lenders are most competitive on heavy machinery.
Ready to get your excavator on site? Contact The Brokerage on 0451 973 662 to talk through your options.