Key Point Definition/Details
Benefits of Ute for Business – Income generation
– Deductible expenses: fuel, oil, repairs, insurance, GST, loan interest, lease payments, etc.
– Asset depreciation
– Resale value
– Fringe Benefit Tax
– Instant Write-Off Scheme
Ute Finance Qualification – Easier qualification due to increased lender support.
– Options for both new and established ABN holders.
– Business must demonstrate repayment capability and consistent operation.
Instant Asset Write-Off Eligibility – Vehicles ≤ $57,581 (cars)
– Vehicles between $57,581 and $150,000 (specialized vehicles: >9 passengers or >1 tonne payload)
Utes ≤ $57,581 Mitsubishi Triton, Isuzu D-Max, Ford Rangers, Toyota Hilux, etc.
Utes between $57,581 – $150,000 Ram 1500, Ford Ranger Raptor, Toyota Landcruiser, Chevrolet Silverado 1500, etc.
ABN Approved Finance Options – Chattel mortgage
– Bad credit ute finance
– Traditional secured asset finance
– Low/no documentation loans
– Leasing options

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