80+ lenders, one application
We compare commercial and asset lenders in one go to match your forklift to the sharpest available rate.
108 reviews 5.0
Forklift finance. Keep things moving.
Add the lifting capacity your business needs. Your broker explores our 80+ lender panel for suitable forklift finance and handles the application with you.
- New and used forklifts
- Electric, LPG and diesel options
- A broker to organise the application
What have you got planned?
Let’s help you fund it.
If it shifts stock, we can usually finance it. We arrange finance for:
Electric counterbalance forklifts
LPG and diesel counterbalance forklifts
Reach trucks and narrow aisle units
Order pickers and walkie stackers
Container handlers and heavy lift forklifts
Multi truck warehouse fleets
Used and ex fleet forklifts
Battery, charger and attachment upgrades
Example brands and equipment
These forklift 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.
- Toyota
- Crown
- Hyster
- Yale
- Linde
- Jungheinrich
- Mitsubishi
- Komatsu
- Manitou
What you can buy or refinance
The way this forklift is being purchased affects the lender's valuation, available term and security checks.
- counterbalance forklifts
- reach trucks
- walkie stackers
- telehandlers
- electric forklifts
- LPG forklifts
- used forklifts
- maintained fleets
Documents that explain the purchase
These records connect the forklift, its total cost and intended work with the business's ability to make the repayments.
- capacity and mast specification
- hour meter
- battery report
- service history
- warehouse contract
- supplier quote
- bank statements
- BAS
Have something in mind? Let’s talk finance.
Get my free quoteForklift finance.
More options. Less legwork.
A forklift is the workhorse of the warehouse, and stock doesn't wait for it. X Lend is a finance broker: we take one application and compare it across 80+ banks and nonbank lenders so you can put the truck on the floor without tying up the capital your business needs to buy stock and pay staff.
Electric or LPG
We finance both, and help you weigh the up front cost against running costs over the truck's working life.
Single unit to full fleet
Fund one forklift or roll out a fleet, with facilities sized to how the warehouse operates.
Why choose X Lend for forklift finance?
We arrange finance for new and used forklifts, electric, LPG or diesel, counterbalance or reach, and for single units or multi truck fleets. We structure it as a chattel mortgage, hire purchase or rental to suit your GST, depreciation and accountant's advice, and size the finance option to how your operation actually runs.
Because we shop the whole panel, we can weigh electric versus LPG on total cost, place used and ex fleet units that a single bank might hesitate on, and add trucks as you grow without starting from scratch each time. We keep it plain English and only submit once you're ready.
New, used and ex fleet
We arrange finance for new, used and ex-hire forklifts across suitable purchase channels.
Low doc options
Established businesses can often finance materials handling gear without full financials.
Fast settlement
Many forklift deals settle in 48 to 72 hours so the truck is lifting sooner.
Electric forklifts cost more up front but often run cheaper over their life, financing lets you capture those running cost savings without the cash hit. Established ABNs can frequently access low doc approvals, with many deals settling within 48 to 72 hours.
Work out your repayments.
Then find your finance.
Try an amount and term for your forklift finance. When you’re ready, we’ll compare the options available to you.
Forklift 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 forklift failed suddenly and the business needed a replacement immediately to keep loading its delivery trucks.
Forklift finance · Adelaide, SAA failed forklift replaced through a fast-document pathway
Approved on the first lender enquiry at a historical rate of 9.19%; the facility settled and the replacement forklift was delivered two days later.
- 1 business day 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 forklift finance. Your broker helps you prepare the application.
What do lenders look at for forklift finance?
A lender wants to know what the forklift 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 forklift 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 electric counterbalance forklifts.
- 02
We do the lender research
We help organise capacity and mast specification 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 forklift finance, with a broker to explain your options.
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.
Warehouse and materials-handling equipment can be straightforward to finance when the specification, condition and operating need are clear.
Hours and duty cycle
A lightly used warehouse forklift and a high-hour outdoor unit can justify different terms even if their age is similar.
Battery condition
For electric forklifts, battery age and replacement cost can materially affect the value proposition and should be confirmed before purchase.
Attachments and capacity
Side shifts, clamps, specialised tynes and high-capacity configurations should be itemised on the quote.
Replacement versus expansion
Replacing an existing unit with demonstrated utilisation can be easier to support than adding capacity before new volume is secured.
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. |
Match the forklift specification to the site
Confirm capacity at the required lift height, mast configuration, aisle width, tyre type, attachments and indoor or outdoor use. The rated capacity on the data plate can change when a high mast or attachment is fitted. Site measurements and a competent supplier assessment are more useful than choosing a unit solely from its headline capacity.
For electric units, check battery chemistry, age, remaining warranty, charger requirements and the cost of a future replacement. Charging infrastructure and electrical work may sit outside the financed asset. For LPG or diesel units, consider ventilation, fuel storage and any workplace requirements relevant to the operating environment.
Compare ownership with hire and fleet arrangements
Ownership can suit stable long-term use, while rental or a maintained fleet arrangement may better fit seasonal demand, rapid replacement cycles or businesses that prefer service costs bundled into a regular payment. Compare utilisation, included maintenance, hour limits, return conditions and downtime support rather than only the monthly figure.
A used forklift can be economical when hours, service records and condition are clear. Allow for tyres, mast chains, hydraulics and battery condition. Finance approval does not confirm that the unit is safe or suitable, so inspection, workplace procedures and operator licensing remain the responsibility of the business.
Prepare the operating and settlement details
Record the supplier, serial number, delivery date, insurance and any existing payout before submission. If the unit is privately sold, confirm ownership and bank details independently. Keep the finance term within the forklift's expected service life and retain enough operating cash for maintenance, battery replacement or a temporary hire unit during downtime.
Why the asset's age and condition matter
Hours, duty cycle, mast wear, tyres, battery age and operating environment influence forklift condition and replacement timing. In practical terms, this can change the deposit required, how long the loan can run and which lenders will consider the asset.
Battery replacement, tyres and major servicing belong in the the maintenance and replacement budget alongside the 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
Warehouse volumes, customer contracts, pallet movements and shift schedules can explain how much the asset will be used and the number of units required. 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 forklift 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 hours, fuel type, capacity and mast specification.
- For electric units, check battery condition and warranty.
- Itemise attachments and any charger.
- Explain the warehouse, contract or production need.
How we can help.
Illustrative examples of how we approach forklift finance.
A newer business purchasing forklift
The business has a shorter ABN history and confirmed work that requires the forklift.
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 forklift 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.
Forklift applications are usually clearer when capacity, mast, hours, battery and operating environment are confirmed upfront. Those details let us compare a sensible ownership term with rental or maintained-fleet alternatives for the specific unit.
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 forklift finance
Put the forklift 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 forklift.
Replace an unreliable or unsuitable forklift before downtime and repair costs increase.
The cost of waiting.
Suitable contracts may be missed when the required forklift is not available.
An older forklift can keep creating downtime or repair costs while its replacement is delayed.
Buying the forklift 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
forklift finance.
Your forklift 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 forklift finance with the best fit for your business.
Should I finance electric or LPG?
It depends on your shifts, ventilation and running costs. We can finance either and help you compare the up front price against the total cost of ownership so you choose on the numbers.
Can I finance several forklifts at once?
Yes. We arrange single unit and fleet facilities, and can size a facility so you add trucks as the operation grows without starting a new application each time.
Can I finance a used forklift?
Usually, yes. Many of our lenders fund used and ex fleet forklifts. We match the truck's age and hours to lenders comfortable with it.
How fast can it settle?
Many forklift deals get a same day decision and settle within 48 to 72 hours once documents are in.
What brands, models or purposes can forklift finance cover?
Common examples include Toyota, Crown, Hyster, Yale, Linde, Jungheinrich. 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 forklift finance?
A lender may ask for capacity and mast specification, hour meter, battery report, service history, warehouse contract, supplier quote. 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 forklift finance application?
For forklift 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.
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Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026