Mobile vehicle and equipment finance broker
Arrange ute, van and equipment loans for tradies and small businesses, visiting them on site.
- A$3k-9k
- Part-time
- Out and about
- Licence or permit needed
Estimates for a small start in Australia, not guarantees.
What it is
You help sole traders and small businesses finance vehicles, tools and machinery by matching them with lenders. You visit workshops and job sites, collect documents and handle the application with the lender.
Your first three steps
- Check the licensing and training requirements for finance brokers and speak to a few licensees or aggregators that cover asset finance
- Choose a niche such as tradies, farmers or hospitality, and list local dealers, equipment suppliers and accountants who could refer you
- Get set up with your ABN, insurance and lender panel, then arrange a few intro visits with dealers and suppliers
Who pays
Lenders pay you commission when the finance is settled. Some brokers also charge a modest broker fee, which you should disclose clearly.
How it makes money
Commission on each funded loan or lease, usually a percentage of the amount financed. Repeat business comes when clients upgrade or add equipment.
Skills that help
- Talking comfortably with business owners
- Reading basic financial documents
- Following up and chasing paperwork
Watch out for
- Credit licensing or authorised credit representative status may be needed, especially for consumer loans, so check with ASIC and your licensee
- Business loans can fall under different rules from home loans, so confirm which obligations apply to each deal
- Commission clawback if finance is cancelled or repaid early
- Income depends on a steady flow of referrals, which can take months to build
- Vehicle costs and travel time add up, so plan your area carefully
Deep research report · Australia
Everything you need to start: vehicle and equipment finance broker for small business
Researched with live web search for Australia: real startup prices, the licences and rules, what others charge, a break-even example, how to find your first customers and a 30-day launch plan. With sources.
- Startup costs with real prices
- Licences, registration and rules
- Pricing: what others charge
- Break-even example
- Finding your first customers
- 30-day launch plan
- Risks and how to reduce them
Questions people ask
How much does it cost to start an asset finance broker business?
Startup costs are typically around $3,000 to $9,000, depending on your licensee or aggregator arrangements, vehicle and equipment needs. These are estimates, so check what fees and insurance apply to your own setup.
How much can a mobile finance broker earn?
Monthly revenue is typically around $1,500 to $7,500, depending on how many deals settle and the referrals you build. Income depends on a steady flow of referrals, which can take months. Commission may be clawed back if finance is cancelled.
Do I need a licence to broker vehicle and equipment finance?
Credit licensing or authorised credit representative status may be needed, especially for consumer loans, so check with ASIC and your licensee. Business loans can fall under different rules from home loans, so confirm which obligations apply to each deal.
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