Consolidate Your Fleet into One Easy Repayment, With Minimal Paperwork
Managing multiple vehicle or equipment loans? Fleet finance consolidation lets Australian businesses combine their loans into one easy repayment with minimal paperwork. Find out how it works and if you’re eligible.
Running a business with several vehicle or equipment loans can feel like juggling chainsaws. Trucks, utes, trailers, machinery – each with its own lender, repayment date, and interest rate. It’s stressful, time-consuming, and ties up your cash flow.
But there’s a simpler way.
What is Fleet Finance Consolidation?
Fleet finance consolidation allows you to combine all your existing vehicle or equipment loans into one new loan. That means:
- A single, predictable monthly repayment
- One lender instead of many
- Less admin and paperwork each month
Best of all, you don’t need full financials or tax returns to apply.
Here’s what most lenders will require:
- 12 months of clear loan statements for your existing loans
- Assets to be valued (the lender organises the valuation for you)
This is known as a low-doc option, available through both non-bank lenders and major banks to suit your business needs.
Why Consolidate Your Fleet Finance?
For many Australian businesses, fleet consolidation offers:
- One repayment instead of many
- Less admin stress
- Potential to reduce overall interest costs
- More working capital for wages, fuel, or expansion
- Flexible loan terms up to 5 years
- Minimal paperwork with no need for full financials
Who Can Apply?
You’re likely eligible if you:
- Operate a business with multiple vehicle or equipment loans
- Have an active ABN or ACN
- Can provide 12 months of clean loan statements
- Own assets that can be valued by the lender
For example, a plumbing business in Sydney running three separate utes and a trailer loan was paying four different lenders each month. By consolidating these loans into a single five-year term, they reduced their monthly repayment and freed up cash flow to hire an apprentice.
Fleet consolidation is a straightforward way to simplify your business finances and keep things running smoothly. Speaking to a broker who understands asset lending can help you structure the loan to suit your cash flow and business goals.
Want to see if fleet finance consolidation is right for your business? Check your options today.
This article is general information only and does not constitute financial advice. Please speak to a qualified advisor before making decisions.
