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We compare commercial and asset lenders in one go to match your machine to the sharpest available rate.
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Excavator finance. Get digging.
Get the machine your next job needs. We’ll search our 80+ lender panel for suitable excavator finance and help organise the purchase from quote to settlement.
- New and used excavators
- Dealer and private-sale purchases
- Repayments around business cashflow
What have you got planned?
Let’s help you fund it.
If it moves earth or muck, we can usually finance it. We arrange finance for:
Mini and midi excavators for tight access work
Standard 8 to 30 tonne earthmoving excavators
Large civil and quarry excavators
Wheeled and long reach excavators
Buckets, hammers, augers and attachments
Used, ex hire and auction machines
Private sale purchases between operators
Wet and dry hire fleet additions
Example brands and equipment
These excavator examples are not a restricted list. A lender will usually place more weight on the chosen asset's age, condition, specification and intended work than its badge.
- Komatsu PC series
- Caterpillar 300 series
- Hitachi ZX series
- Kobelco SK series
- Kubota KX and U series
- Takeuchi TB series
- Bobcat E series
- Volvo EC series
- Yanmar ViO series
What you can buy or refinance
The way this excavator is being purchased affects the lender's valuation, available term and security checks.
- mini excavators
- 8 to 30 tonne excavators
- large civil machines
- long-reach excavators
- buckets
- hammers
- tilt rotators
- dealer and auction purchases
Documents that explain the purchase
These records connect the excavator, its total cost and intended work with the business's ability to make the repayments.
- make, model and year
- hour meter
- serial number
- service records
- inspection
- head contractor agreement
- purchase order
- milestone payment calendar
Have something in mind? Let’s talk finance.
Get my free quoteExcavator finance.
More options. Less legwork.
An excavator earns its keep the day it hits the dirt, so it shouldn't swallow the cash you need for fuel, wages and the next mobilisation. X Lend is a finance broker: we take one application and compare it across 80+ banks and nonbank lenders to fund the digger at a repayment that suits your run of work.
New, used and private sales
We arrange finance for new and used excavators purchased through dealers, auctions and private sellers.
Low doc to $500K
Established civil businesses can often finance significant plant without full financials.
Why choose X Lend for excavator finance?
We arrange finance for new, used and private sale machines, from mini excavators through to 30 tonne plus earthmoving plant, and structure it as a chattel mortgage, hire purchase or rental to suit your GST, depreciation and accountant's advice. That keeps your working capital free for tickets, tyres and attachments.
Because we shop the whole panel, lenders assess machine hours, age and make against your civil contracts, and used gear that a single bank might knock back can still find a home. Wet or dry hire operators, owner drivers and growing civil crews all get the same plain English treatment, and we only submit once you're ready.
Machine hours specialists
We place higher-hour and older machines with lenders whose asset policy accommodates their age and usage.
Tax effective structures
An excavator may be funded by chattel mortgage, hire purchase or rental; the ownership and tax treatment should match the civil business's accounting advice.
Fast settlement
Many earthmoving deals settle in 48 to 72 hours so the machine gets on site and earning sooner.
Lenders look closely at machine hours and age on used excavators, a well maintained unit with service history often finances as cleanly as new. Established ABNs can frequently access low doc approvals on trading history alone, with many deals settling within 48 to 72 hours.
Work out your repayments.
Then find your finance.
Try an amount and term for your excavator finance. When you’re ready, we’ll compare the options available to you.
Excavator finance repayment calculator
Adjust the amount, term and rate to see an indicative repayment.
Estimate only. Calculations include an assumed $990 broker origination fee and $500 lender fee, both financed. Total repayable includes those fees, interest and any final balloon. Weekly and fortnightly figures are equivalents of the monthly estimate. Actual fees and repayment timing depend on your offer.
What rate could I get?
Your quote takes your circumstances and finance requirements into account. Compare your rate, fees and repayments together before choosing an offer.
Find my optionsA real customer.
A plan made possible.
The existing excavator failed during a major job and the available replacement was a used private-sale machine that needed to settle quickly.
Excavator finance · Wollongong, NSWA replacement excavator kept a major civil job moving
Approved on the first lender enquiry and settled at a historical rate of 9.95%, quickly enough to keep the active project running.
- 4 business days turnaround
- Finance arranged by X Lend
Historical customer outcome. Vehicle and business images are illustrative.
Find out what’s possible for you.
Get my free quoteYour circumstances.
Your finance options.
We match your circumstances to suitable lenders for excavator finance. Your broker helps you prepare the application.
What do lenders look at for excavator finance?
A lender wants to know what the excavator is, what it will do for the business, how long it should remain useful and whether the repayments are affordable. The details below explain the usual checks and what can help support the application.
From enquiry to settlement.
We’re with you all the way.
Your broker handles the lender comparison and paperwork for excavator finance, keeping you informed at each step.
- 01
Tell us your plans
Tell us what you want to finance, how much you need and when you need it. That could include mini and midi excavators for tight access work.
- 02
We do the lender research
We help organise make, model and year and hour meter and check the lender criteria that apply to your circumstances to find lenders that fit your situation.
- 03
Choose your finance
We explain the available rate, term, repayment and security options, including the full cost and how repayments fit your budget. You choose the option to take forward.
- 04
We organise settlement
Your broker coordinates lender conditions, signed documents and payment details, so you can focus on what comes next.
Start with your free quote.
Your broker reviews your enquiry and explains the next steps, usually within one business day. An enquiry does not create a credit check or an obligation to proceed.
Find the finance that fits.
Know what you’re choosing.
Compare the ways you can arrange excavator finance, with a broker to explain your options.
Hire or buy equipment: which fits the work?
Swipe across the table to compare all columns.
| Your situation | Option to consider | What to compare |
|---|---|---|
| A short project or uncertain workload | Hire for the project | Hire charges, delivery, minimum periods and availability against owning a machine between jobs. |
| Regular work for the same machine | Ownership with cash or finance | Repayments, deposit, maintenance, insurance, transport, downtime and likely resale value. |
| Regular work with occasional specialist jobs | Own the core machine; hire specialist equipment | The utilisation of each machine separately, including attachments and seasonal demand. |
Repayments continue between jobs. Hiring may preserve flexibility, while ownership brings maintenance and resale responsibilities. Compare written quotes using the same workload and period.
Worked example: how many days would the excavator work?
Swipe across the table to compare all columns.
| Assumed use per month | Hire at $300 per working day | Own: $3,000 per month plus $50 per working day |
|---|---|---|
| 8 working days | $2,400 | $3,400 |
| 12 working days | $3,600 | $3,600 |
| 16 working days | $4,800 | $3,800 |
Illustrative cash-flow comparison, not a quote or market pricing. Assume $3,000 monthly ownership outgoings for repayments, insurance and a maintenance budget, plus a $50 daily ownership allowance. Break-even is $3,000 ÷ ($300 − $50) = 12 days. Both options exclude GST, fuel, operators and transport; ownership also excludes any upfront deposit, final balloon and sale proceeds. A fall from 16 to 8 working days changes the result, so budget for downtime. A full ownership-cost comparison must include those omitted amounts over the entire holding period.
Machine make, parts and resale: what changes the assessment?
Swipe across the table to compare all columns.
| Check | Evidence to gather | Why it matters |
|---|---|---|
| Make and model | Exact model, serial number, year, hours and attachment details | Lets the broker ask about the actual machine instead of relying on a blanket brand rule. |
| Parts and service support | Local service options, parts lead times, warranty and maintenance history | Helps estimate downtime and the cash needed to keep the machine working. |
| Condition and resale | Independent inspection and comparable equipment listings or a valuation | Purchase price, condition and assessed value can differ. A lender may require more evidence or a contribution. |
| Auction or private sale | Seller identity, invoice, ownership and any finance payout details | Resolve lender acceptance and payment deadlines before making an unconditional commitment. |
Asset age and finance terms · Buying equipment at auction · PPSR and settlement checks
Balloon or no balloon: compare the whole repayment plan
Swipe across the table to compare all columns.
| Option | During the loan | At the end |
|---|---|---|
| No balloon | Higher regular repayments than the same loan with a balloon; the balance reduces faster | The scheduled loan balance is repaid when all payments have been made. |
| A balloon payment | Lower regular repayments, but interest is charged on a larger outstanding balance | A lump sum remains due. Budget for it rather than assuming resale or refinancing will cover it. |
| A shorter term | Higher regular repayments may reduce total interest on otherwise equal terms | Check affordability alongside the total amount repaid, fees and any payout costs. |
Use the calculator to compare the same amount, rate and term with and without a balloon. Refinancing requires a new assessment and is not guaranteed.
A mainstream machine with a clear invoice, sensible hours and an established workload usually tells a stronger story than a highly specialised unit bought before the work is secured.
Hours matter alongside age
Two excavators from the same year can have very different remaining value. Service history, hours, attachments and operating conditions help explain the asset.
Project evidence can strengthen the story
Contracts, purchase orders or evidence of recurring subcontract work may help demonstrate why the machine is needed, although lender requirements vary.
Attachments need to be itemised
Buckets, hammers, tilt rotators and trailers should be clearly listed so the lender can understand what is being financed and how each item contributes to the total price.
Private sales require additional checks
Expect ownership, identity, payout and PPSR checks. Allow more time than a straightforward dealer purchase.
Comparison of common business asset finance structures
| Structure | How it generally works | Important consideration |
|---|---|---|
| Chattel mortgage | The business owns the asset while the lender takes security over it. | Tax and GST treatment depends on the business; obtain accounting advice. |
| Finance lease | The lender owns the asset and the business pays to use it for the agreed term. | End-of-term options, residual value and total cost should be checked. |
| Rental or operating lease | The business pays for use and may receive bundled service options while the provider retains ownership. | Flexibility can be useful, and the complete cost and return conditions still matter. |
Assess the excavator as a working asset
Year and hours are only the starting point. Make, model, operating weight, undercarriage condition, service history, hydraulic performance and the availability of local parts all influence whether the machine is suitable for the work. For a used excavator, an independent inspection can identify maintenance that a finance approval will not detect.
Itemise buckets, hammers, grabs, tilt rotators, GPS systems and trailers. Attachments can represent a material share of the invoice but may have a different resale market from the base machine. Clear serial numbers, photographs and supplier details help distinguish the secured assets and reduce queries before settlement.
Connect capacity to contracted or established work
Explain whether the excavator replaces an existing unit, removes hire costs, supports current contracts or creates new capacity. For contract work, useful context can include term, rates, expected hours, counterparty and termination conditions. A tender, verbal discussion or forecast should not be presented as guaranteed revenue.
Model mobilisation, transport, fuel, insurance, servicing, wear parts and operator costs with the repayment. A machine can be affordable on a headline weekly rate but tight once float charges, downtime and scheduled maintenance are included. Retaining a repair and tax buffer protects the operating decision from becoming dependent on continuous utilisation.
Plan used, auction and private purchases early
Auction houses and private sellers often require quicker settlement and provide less standard documentation than a dealer. Arrange a realistic approval path before bidding, confirm the buyer and seller entities, obtain current payout details where finance exists and perform the relevant PPSR and ownership checks. A PPSR result is not a mechanical inspection or a complete guarantee of title.
Avoid an irreversible bid or deposit that depends on finance unless the conditions are understood. Approval can remain subject to valuation, satisfactory asset details, insurance, documentation and lender verification. The seller's bank details should be confirmed through a trusted second channel before funds are released.
Why the asset's age and condition matter
Excavator value is closely linked to hours, undercarriage wear, hydraulic condition, attachments, service history and the resale market for the make and model. In practical terms, this can change the deposit required, how long the loan can run and which lenders will consider the asset.
Undercarriage, pumps, hoses and attachments form part of the maintenance and replacement budget and should sit beside the proposed finance repayment. These costs need to fit beside the repayments. The loan should also finish within the period the asset is expected to remain useful to the business.
How contracts and supplier payment dates can help
Civil and earthmoving files can use head contractor agreements, subcontract schedules, awarded tenders and progress-claim history to explain how much the asset will be used. Contracts, purchase orders and confirmed work can help show how the asset is expected to earn money and when customers are expected to pay.
If the excavator supplier needs a deposit, progress payments and a final payment, list each date and amount. This lets the lender reconcile the full purchase cost and arrange the payment stages correctly.
What should I have ready before applying?
- Confirm make, model, year, hours and serial details.
- Separate the base machine, attachments and transport equipment on the invoice.
- Explain whether the excavator replaces a machine or expands capacity.
- Check the PPSR and any existing finance before settlement.
How we can help.
Illustrative examples of how we approach excavator finance.
A newer business purchasing excavator
The business has a shorter ABN history and confirmed work that requires the excavator.
How your broker helps
We identify lenders that can assess recent account history, industry experience and contracted work, then present the purchase as one complete operating proposal.
What to have ready
Business bank statements, GST registration, signed work agreements, the supplier quote and evidence of the operator's experience.
Used excavator with age or usage
The chosen asset has material age, hours or kilometres and remains suitable for the work ahead.
How your broker helps
We document condition, service history, specification and resale support, then compare lenders whose end-of-term age policy fits the proposed term.
What to have ready
Service records, inspection details, serial or VIN information, photographs, the invoice and a clear explanation of expected annual use.
Growth purchase with incomplete financial statements
Current work supports the purchase while the latest full-year accounts are still being prepared.
How your broker helps
We list the documents already available, current debts and expected payment timing, then compare lenders that accept that evidence.
What to have ready
Recent bank statements, BAS, management accounts, an accountant letter, contracts, purchase orders and a schedule of existing finance.
A word from your broker.
For an excavator, we look beyond year and purchase price. Hours, attachments, seller, current work and the machine's likely age at the end of the term can quickly change lender fit, so we resolve those details before choosing where an application should go.
Let’s compare your options.
Get my free quoteKeep your business moving.
Keep cash for what’s next.
See how arranging finance compares with waiting or paying the full cost upfront.
With excavator finance
Put the excavator needed for suitable work into service without waiting to fund the full cost from cash.
Preserve working capital for wages, materials and tax while arranging the excavator.
Replace an unreliable or unsuitable excavator before downtime and repair costs increase.
The cost of waiting.
Suitable contracts may be missed when the required excavator is not available.
An older excavator can keep creating downtime or repair costs while its replacement is delayed.
Buying the excavator outright can reduce the cash buffer available for payroll, materials and unexpected costs.
Good finance.
Even better support.
Google reviews
Read reviews on Google Review on Google
Corey was excellent to deal with. He was able to get me a better rate than everyone else, he was very responsive, worked quickly and made the process very easy, even with me asking a million questions. I would definitely use him again next time.
Review on Google
I can’t recommend Corey from X Lend highly enough. From the very first conversation, he was professional, transparent, and genuinely focused on finding the best outcome for me. Corey took the time to explain every step of the finance process in a way that was easy to understand, answered all my questions promptly, and never once made me feel rushed or pressured. I really appreciated how proactive he was, keeping me updated, following up with lenders, and making sure everything stayed on track. What really stood out was how hard he worked to secure a great deal. He compared multiple lenders, negotiated on my behalf, and ultimately achieved a rate and repayment structure that exceeded my expectations. The whole process of purchasing my car was smooth and stress‑free thanks to their expertise. If you’re looking for someone knowledgeable, reliable, and genuinely in your corner, I wouldn’t hesitate to recommend them. I’ll definitely be using their services again in the future :)
Review on Google
Corey helped me through the entire process of getting my dream family car! He was extremely prompt with his responses and had everything organised quickly and smoothly. I made a huge mistake by settling finance on the wrong car (a 5‑seater instead of a 7‑seater), but Corey was incredibly understanding and supportive. He contacted the dealership, lender, and even rearranged my insurance for me. He did all of this without ever making me feel like a hassle, even though I knew I was being a pain! Despite the setback, Corey stayed fast and efficient, kept me confident throughout the process, and managed to get everything cancelled and re‑approved for a higher amount so I could get my actual dream car. I highly recommend Corey. He speaks to you like a friend and genuinely has your best interests at heart. I already had quotes from Toyota Finance and Toyota Insurance, and Corey was able to get both significantly cheaper. Toyota Finance even reviewed Corey’s figures and confirmed they couldn’t beat them. I will never look to another finance company again.
Let us help with
excavator finance.
Your excavator finance questions.
Answered.
The details you want to know before taking the next step.
Are you a lender or a broker?
We're a finance broker: we compare 80+ banks and nonbank lenders and place your excavator finance with the best fit for your business.
Can I finance a used or high hours excavator?
Usually, yes. Lenders assess the machine's age, hours and service history, and many are comfortable funding used and ex hire units. We match your machine to the lenders most at ease with it.
Can I finance a private sale digger from another operator?
Yes. We arrange finance for private sale excavators, handling the inspection and ownership checks so the deal settles cleanly.
Can I get approved without full financials?
Often, yes. Established ABNs can frequently access low doc options up to set limits on trading history alone. We match you to lenders comfortable with your civil work.
How fast can it settle?
Many excavator deals get a same day decision and settle within 48 to 72 hours once documents and machine details are in.
What brands, models or purposes can excavator finance cover?
Common examples include Komatsu PC series, Caterpillar 300 series, Hitachi ZX series, Kobelco SK series, Kubota KX and U series, Takeuchi TB series. This is not a restricted list: the lender will still look at the exact item or purpose, the amount requested and your circumstances.
What documents can support excavator finance?
A lender may ask for make, model and year, hour meter, serial number, service records, inspection, head contractor agreement. You may not need everything on that list. X Lend confirms what applies before anything is submitted.
How does X Lend work through a complex excavator finance application?
For excavator finance, we first confirm the transaction, timing and available evidence. We then explain the issues that matter, compare lenders whose rules fit those facts and show the proposed option before any application is submitted.
Keep exploring your options
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Further readingASIC: loans, credit and debtAustralian Business RegisterPPSR information for businesses
Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026