Rent-to-Own Ute Finance
A Second Chance for Australian Business Owners
Need a work ute but been declined elsewhere? Bloom Reset is our commercial rent-to-own program for ABN holders who need a second chance. We look beyond your credit score and assess your current work, income, deposit and ability to repay.
✓ Low credit score, bad credit & defaults considered
✓ ABN holders – new or established
✓ Visa holders may apply
✓ No credit file impact to check eligibility
✓ We lend directly – our own decisions
No credit check to enquire · No obligation · Business use only
★★★★★ rated on Google
600+ clients funded
FBAA member
Former Macquarie Bank specialists
A DIFFERENT APPROACH TO UTE FINANCE
Your credit history doesn’t tell the whole story.
An old default, a past repossession or a low score after a tough patch doesn’t mean you can’t afford a work ute today. We take the time to understand what happened and, more importantly, where your business stands now.
Because Bloom Reset is our own program, we make the lending decision ourselves. You’re not squeezed through another lender’s rigid credit policy.
*Every application is assessed individually. Approval isn’t guaranteed.
BLOOM RESET
We assess, approve and fund the ute ourselves – then reward you for paying on time.
✓ Bad credit, defaults and bankruptcy considered
✓ Our own commercial rent-to-own program
✓ Loyalty repayment reductions for good conduct
✓ Early purchase options available
✓ New and established ABNs welcome
✓ Business use only
WHY CHOOSE BLOOM RESET
A second chance – with benefits beyond the approval.
Three things make our program different from typical high-cost vehicle finance.
We look beyond your credit score
Defaults, bankruptcy, low scores or past declines don’t automatically rule you out. We focus on your current income, work and whether the repayments suit your business.
Good repayments are rewarded
Meet the conditions of your agreement and your weekly rental steps down every six months. Your weekly rental payments can reduce over time
Own your ute sooner
You don’t have to wait for the final payment. Your agreement includes a discounted early buyout schedule, and we review refinance options at around 12 months.
REAL PEOPLE. REAL SECOND CHANCES.
Getting Australian business owners back to work.
Outstanding finance defaults of $46k
funded!
A client had issues obtaining finance due to previous finance defaults caused by an ex-business partner. As this was an explanable and isolated incident with his new business doing well, we were able to provide a second chance at funding a vehicle via a rent-to-own product.
Previous vehicle repossession
funded!
A client came to us struggling to obtain finance for a replacement Ute after his was written off. The issue was he previously had a vehicle repossessed and another with bad repayment history. As his income situation had now improved, we were able to et him into a new ute via a rent to own product.
Finance default & new ABN
funded!
A client needed a ute for work as a heavy diesel mechanic – something suitable to carry tools and equipment to job sites. They couldn’t get mainstream finance due to an outstanding default, low credit score and new ABN. We were able to get them into a ute via a rent to own product
HOW LOYALTY REDUCTIONS WORK
Your weekly repayments can get smaller over time.
Most rent-to-own agreements charge the same amount every week for the full term and lock you in for fixed periods. Ours steps down every six months when you’ve met your obligations. Here’s an example.
Example
A $40,000 work ute
| Vehicle price | $40,000 |
| Your deposit (20%) | $8,000 |
| Funded by Bloom | $32,000 |
| Term | 48 months, weekly |
| Starting weekly rental | $366.23 incl GST |
Pay on time for the full term and you save $13,032 compared with staying on the starting rental.
Early buyout schedule
You don’t have to wait until the end of your agreement to purchase your ute. Our early buyout amounts reduce over time, giving you the flexibility to take ownership sooner.
The example below is based on $32,000 funded.
Buyout amounts are separate from rental payments already made. Actual figures and conditions are outlined in your agreement.
| After 12 months | $28,800 |
| After 24 months | $24,000 |
| After 36 months | $14,400 |
| After 48 months | $4,800 |
Why do repayments reduce?
We think customers who pay on time should benefit from it. Reductions aren’t automatic – they apply when you’ve met the repayment and other conditions of your agreement for that period.
Miss a payment and the next step-down may be paused. Your agreement sets out exactly how eligibility works and how to regain it.
YOUR PATHWAY TO OWNERSHIP
Not stuck in expensive finance forever.
The goal is to get you working now, and into a better financial position later.
DAY ONE
Get your ute
Pay your deposit, sign the agreement and start earning with the vehicle straight away.
MONTHS 1–12
Build your record
Pay on time, earn your first loyalty reduction at month 7 and build a clean history with Bloom.
AROUND MONTH 12
Review your options
We reassess your position and check whether mainstream finance could fund an early buyout.
YOUR CHOICE
Buy early or continue
Exercise your early purchase option, or keep going on the reducing schedule to the end of term.
*Refinancing isn’t guaranteed – it depends on your circumstances and the new lender’s criteria.
Client reviews
What Our Clients Say
Verified Google reviews from clients we’ve helped across Australia.
Get behind the wheel sooner
Who we lend to
Bad Credit Rent-to-Own Ute Finance – Who We Help
If a bank or broker has told you “no,” we’ll take a closer look.
Bad credit or low score
Missed payments, lots of enquiries or a low score don’t automatically rule you out.
Outstanding defaults
Even unpaid defaults can be considered. We want to understand what happened and where you are now.
Current or past bankruptcy
Current or discharged bankruptcy may be considered, subject to any restrictions that apply.
Previous repossession
If your circumstances have improved since, we’ll review your application on today’s numbers.
New ABN
No two years of financials needed. Industry experience, income and confirmed work can carry it.
Visa holders
Selected visas, including bridging visas, depending on conditions and supporting information.
Exclusively for Australian ABN holders acquiring a ute for genuine business use.
WHAT WE ASSESS
Four things matter more than your credit file.
When assessing your application, we look beyond your credit score. Our focus is on your current business circumstances, ability to meet repayments, available deposit and the ute you need for work.
01 – Your business & work
What you do, how long you’ve done it, and your income or contracts.
02 – Ability to repay
Whether the rentals are sustainable alongside your other commitments.
03 – Your deposit
Typically 20, or extra security such as a vehicle you own outright. Deposit can increase depending on extent of prior credit issues.
04 – The ute itself
Dealer or private sale. We check value, age, condition and suitability.
STRAIGHT TALK ON COST
Yes, rent-to-own costs more than bank finance.
It’s built for businesses that can’t currently get lower-cost finance. Before you sign, we’ll walk you through:
✓ Your deposit and starting weekly rental
✓ Each loyalty reduction and its conditions
✓ Total scheduled rentals over the term
✓ Early buyout amounts at each stage
✓ GST, fees and insurance responsibilities
✓ What happens if a payment is missed
If you qualify for cheaper standard finance, we’ll offer that first.
how it works
From enquiry to keys in hand.
01
Tell us your situation
Quick form or a call. Your work, credit history, income, deposit and the ute you want.
02
We assess it ourselves
No credit enquiry for the first chat. We’ll explain any credit check before it happens.
03
Review your agreement
Full schedule, loyalty conditions and buyout figures in writing – before you sign.
04
Get your ute
Settle and get to work. We stay your point of contact for the whole agreement.
Ready to get started?
Apply now and we’ll assess your options.
No obligation, no credit file impact to enquire. We’ll give you a straight honest answer on what’s possible – usually within 60 minutes.
☏ 0435 782 111
✉ info@bloomfs.com.au
Common questions
Rent-to-own ute finance FAQs
Still have questions? Call us on 0435 782 111 – we’ll give you a straight answer.
No. You pay to use the ute during the rental period and Bloom owns it until you complete the purchase. With a chattel mortgage, your business owns the vehicle from day one, subject to the lender’s security.
In most cases, yes – but it varies. A deposit helps reduce risk and improves your chances of approval, especially if you have bad credit or previous declines. The exact amount depends on your situation, the ute, and your work. Usually lenders will require 20-30% or additional security such as another vehicle you own outright. If you’re unsure, we can assess your position and give you a clear answer upfront.
Yes. A deposit of 20% of the ute’s value is typically required. If you don’t have the full cash amount, a vehicle or asset you own outright can sometimes be used as additional security instead. The deposit might increase depending on severity of prior credit issues.
Older and higher-kilometre utes may be considered, subject to their condition, value and suitability.
Yes — this is very common. Many of our clients are newly self-employed, subcontractors, or owner drivers just starting out. Even if you don’t have full financials yet, we can often work off your work history, contracts or income potential, particularly through rent-to-own options.
Yes – new and used utes are both accepted. Private sale purchases are also considered. There are no age limits on assets, which means older utes are also in scope where many lenders won’t go.
Most approvals are turned around within 24–48 hours of submitting a complete application. In some cases, same-day approval is possible. We’ll give you a realistic timeframe upfront based on your situation.
Potentially. After approximately 12 months of consistent repayments, we can review your circumstances and explore whether traditional commercial finance is available to help you purchase the ute early.
Refinancing is subject to lender approval and will depend on your credit history, income, vehicle and overall financial position.
Yes, rent-to-own may be an option if you have been declined by banks or mainstream lenders.
Not always. If you have strong credit and full financials, a standard chattel mortgage will usually be cheaper. We’ll tell you honestly which option suits your situation – and we offer both. Rent-to-own is best for bad credit, prior declines, new ABNs, and clients who need to move quickly.