🛻 Introduction
If you’re a tradie, contractor, or small business owner looking to upgrade your ute, low doc finance can make the process fast and hassle-free. But even though it’s called a “low doc” loan, you still need to supply some basic paperwork — just far less than what’s required for a traditional loan.
In this article, we’ll cover exactly what paperwork you need for low doc ute finance and how to prepare a smooth application.
📋 Key Paperwork You’ll Need
- ✅ Active ABN
Most lenders require your ABN to have been active for at least 6–12 months. This proves you’re running a legitimate business. - ✅ Business Bank Statements
You’ll typically need to provide 3–6 months of recent bank statements. Lenders look for regular income and consistent deposits. - ✅ BAS (Business Activity Statements)
If available, BAS statements help strengthen your application by showing GST turnover and tax activity. - ✅ Proof of Business Use
You may need to confirm that the ute will be used at least 50% for business purposes. This can include a signed declaration or a simple statement on your application.
👉 For more details, explore our full guide here: Low Doc Loans for Cars, Utes & Vans.
💡 Other Helpful Documents (Optional but Recommended)
- Accountant’s letter confirming business income
- Asset and liability statement
- Vehicle quote or purchase order
- Deposit amount confirmation
While these aren’t always required, they can help speed up approval or secure better loan terms.
⚙️ Why This Paperwork Matters
Even without full financials, lenders need to assess risk. Supplying clear, well-organized paperwork helps:
- Speed up approval
- Reduce lender questions
- Improve your chance of securing a competitive loan
💬 Tips for Preparing Your Application
- Make sure your ABN is up to date.
- Check your bank statements for regular income flow.
- Be ready to explain any large, irregular deposits.
- Get your vehicle quote ready in advance.
- Work with a broker who understands low doc applications.
🚀 Final Thoughts
Low doc ute finance is a fantastic solution for busy sole traders and businesses, but success depends on preparation. By organizing your paperwork and working with the right partners, you can get approved quickly and hit the road in your new ute without the usual stress.
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
