Vehicle Finance Melbourne

Purchasing a commercial vehicle is one of the most significant investments a Melbourne business or tradie will make. At Progressive Vans, we make it easier by offering access to a wide range of vehicle finance solutions — tailored to your situation, structured to suit your cash flow, and arranged with minimal fuss so you can get on the road sooner.

We work with a panel of specialist commercial vehicle lenders — not just mainstream banks — which means we can find solutions for buyers who might struggle with a standard bank application.

Finance Services

Finance Products Explained

Chattel Mortgage

The most popular finance product for business buyers. You own the vehicle from day one, while the lender holds a mortgage over it as security. Potential benefits include claiming the full GST on the purchase price upfront, deducting interest payments, and claiming depreciation. Suitable for businesses that use the vehicle predominantly for business purposes.

Finance Lease

The lender owns the vehicle and leases it to you for an agreed term. At the end of the lease, you can purchase the vehicle for a residual amount, extend the lease, or return the vehicle. Lease payments may be fully tax-deductible as a business expense.

Secured Vehicle Loan

A straightforward loan where the vehicle acts as security. You own the vehicle from day one and make fixed monthly repayments over the loan term. Suitable for private buyers and businesses that want a simple, predictable finance arrangement.

Commercial Hire Purchase

Similar to a chattel mortgage but structured differently for accounting purposes. Interest and depreciation may be tax-deductible. You take ownership at the end of the term when all payments have been made.

Why Finance Through Progressive Vans?

Access to Specialist Lenders

We work with a panel of commercial vehicle finance specialists, not just mainstream banks. This gives us access to products and credit policies that aren’t available through standard bank channels — particularly important for self-employed buyers, ABN holders, and those with credit challenges.

Fast Approvals

Many applications are approved within 24–48 hours. For straightforward applications, same-day approval is often possible.

Options for All Buyer Types

PAYG employees, self-employed individuals, ABN holders, first-time buyers, buyers with credit challenges, and established businesses — we have finance options for all buyer profiles.

Areas We Service

We arrange vehicle finance for buyers across Melbourne and surrounding regions, including Melbourne CBD and inner suburbs, northern suburbs (Coburg, Preston, Reservoir, Epping, Craigieburn), eastern suburbs (Box Hill, Ringwood, Croydon, Lilydale), southern suburbs (Dandenong, Frankston, Moorabbin, Cheltenham), and western suburbs (Footscray, Sunshine, Werribee, Hoppers Crossing).

Frequently Asked Questions

How much deposit do I need?

Many finance products are available with no deposit, particularly for buyers with good credit and stable income. A deposit can reduce your repayments and may improve your chances of approval if your credit profile is less straightforward.

Can I get finance if I’m self-employed?

Yes. We work with lenders who specialise in self-employed finance. Low doc and alt doc options are available.

Can I get finance with bad credit?

In many cases, yes. Visit our bad credit car loans Melbourne page for more information.

How long does finance approval take?

Many applications are approved within 24–48 hours. Straightforward applications with strong credit profiles can sometimes be approved the same day.

Can I finance a used vehicle?

Yes. Finance is available on all used vehicles we sell, subject to the vehicle’s age and condition meeting lender requirements.

Get a Finance Quote Today

Ready to explore your finance options? Contact the Progressive Vans finance team today. We’ll discuss your requirements, explain your options, and get your application moving quickly.

Progressive Vans — Melbourne’s commercial vehicle finance specialists.