Should I get pre-approved before I bid?

Yes — it's the whole point. A pre-approval tells you your budget, lets you bid as a cash-equivalent buyer, and means there's no scramble for finance after you've won. Send us the lot details beforehand so the approval covers the specific asset you're chasing.

How quickly can an auction purchase settle?

Once you've won and we have the invoice, settlement on a straightforward asset can often be quick, especially on a low-doc deal. Getting pre-approved before the sale is what makes the post-auction process fast, so sort the finance first.

Can older auction equipment be financed?

Often, yes. Older, higher-hour assets are financeable — it just narrows which lender fits and can shorten the available term. Send us the year and condition before you bid and we'll match you to a lender comfortable with that profile rather than leaving you stuck after the sale.

What if the asset has existing finance owing on it?

We run a title (PPSR) check before settlement to confirm the asset is clear of any existing security. If there's finance owing, that's handled as part of settlement so you take ownership free and clear — it's a routine part of how we close an auction purchase.

Rows of used trucks and excavators in a machinery auction yard at dusk — auction equipment finance

Auction & Used Asset Finance

Get pre-approved before you bid at auction

Auctions are a great way to buy used trucks, plant and machinery — get pre-approved first so you know your budget and can bid with confidence.

Buying at auction is one of the best ways to pick up quality used equipment. The smart move is to sort your finance before the sale: get pre-approved, know exactly what you can spend, and bid as a cash-equivalent buyer. Once you've won, we match the invoice and arrange settlement.

Who it's for

Contractors and businesses that source assets at auction.

BID WITH CONFIDENCE

Know your budget before the sale

A pre-approval tells you exactly what you can spend, so you can bid decisively instead of guessing. You buy as a cash-equivalent buyer, and once you've won we handle the invoice, title (PPSR) check and settlement. A pre-approval typically holds for around 90 days, which covers most sale calendars.

WHAT SELLS

Trucks, plant and machinery from major auction houses

Auctions through the major auction houses are a reliable source of used trucks, excavators, loaders, trailers and industrial machinery, often at sharp prices. Whatever the asset type, the chattel mortgage structure is the same — you own it from day one and the lender holds security over it.

THE BALLOON

Keep the monthly repayment down on a used buy

Even on a keenly-priced auction asset, a balloon (residual) — commonly around 30% — keeps the monthly repayment low and working capital in the business. The available balloon and term depend on the asset's age, so tell us what you're chasing and we'll line up the structure before you bid.

AGE & CONDITION

Older assets are financeable — match the lender first

Auctions often feature older, higher-hour gear that some lenders won't touch. That doesn't mean it's unfinanceable — it means choosing the right lender for that age and asset class matters. Send us the catalogue details before the sale so your pre-approval actually covers what you intend to bid on.

TAX

Own it from day one, claim the GST and depreciation

Because an auction purchase on a chattel mortgage means your business owns the asset immediately, you can generally claim the GST input tax credit and depreciate it over time, the same as a dealer purchase. Confirm the detail with your accountant, and keep the auction invoice for your records.

Talk to a specialist

Get a competitive rate and the right structure for your next asset. No obligation, no credit-file hit to ask.

Panel of commercial lenders
Low-doc options for established ABNs
Pre-approval before you buy

Call +61 468 016 210

Indicative estimate

Work it out backwards.

Start with a repayment that keeps cash in your business and see what it finances — then we’ll line up a competitive rate to match.

Repayment I’m comfortable with$1,500/mo

Term5 years

Balloon / residual30%

A balloon lowers your monthly repayment and keeps cash in the business. ~30% is common; new vehicles can go to 40%.

Indicative rate7.50% p.a.

Real rates today typically sit in the 6–9% range depending on the asset, its age, your ABN and security. A guide, not a quote.

You could finance approximately

$94,330

at $1,500/mo ($346/wk)

Balloon due at end$28,299

Total of repayments$118,299

Est. cost of finance$23,969

Estimate only, excluding fees and charges. Not a quote, offer, or credit assistance. Actual repayments depend on the lender’s assessment.

Common questions

Yes — used trucks, plant and machinery bought through the major auction houses can be financed on a chattel mortgage. Get pre-approved before the sale so you know your limit and can move quickly once you've won.

Explore more finance

Ready to move on your next asset?

Get pre-approved and negotiate as a cash-equivalent buyer — we'll handle the rate, the structure and the paperwork.

Call +61 468 016 210