Vehicle & fleet finance

The same underlying structures, applied to commercial vehicles and growing fleets.

How it generally works

Vehicle finance generally uses the same structures covered elsewhere in this section — chattel mortgage, hire purchase, or operating lease — but applied specifically to commercial vehicles, utes, vans and trucks. Fleet finance extends the same idea across multiple vehicles, often with staggered terms so the whole fleet isn't due for renewal or replacement at the same time.

Fleet decisions tend to involve a few extra considerations beyond a single piece of equipment — utilisation rates, depreciation schedules, and how vehicles are rotated or replaced as a fleet grows or changes.

What tends to suit this structure

Businesses with a small number of vehicles often start with a straightforward structure per vehicle. As fleets grow, many businesses move toward a more coordinated approach so vehicle age, usage and replacement timing stay manageable across the whole fleet rather than being negotiated one vehicle at a time.