Excavator Finance NSW
Finance excavators from $50k to $500k with instant $20k write-off on attachments. New, used, private sale, low-doc, and bad credit options. Fast-tracked processing available.
$165,000
Avg. Excavator Deal
$20,000
Attachment Write-Off
93%
Approval Rate
Important Tax & Financial Disclaimer
General Information Only: The information provided on this page is for general guidance purposes only and should not be considered as professional tax, legal, or financial advice.
Seek Professional Advice: You must seek professional advice from a qualified accountant, tax advisor, or financial planner regarding your individual tax circumstances, strategies, and current regulations before making any financial decisions.
ATO Requirements: For official information about tax deductions, instant asset write-offs, depreciation schedules, and current ATO requirements, always cross-reference with the Australian Taxation Office website:
Tax laws and regulations are subject to change. Always verify current requirements with the ATO and consult with professional advisors before making equipment finance decisions.
Official ATO $20,000 Instant Asset Write-Off for Excavator Attachments
Based on official Australian Taxation Office guidance - attachments count as separate assets
$20,000 Instant Asset Write-Off
Official ATO instant asset write-off for eligible excavator attachments and tools
Eligibility Requirements
- •Business aggregated turnover less than $10 million
- •Asset cost less than $20,000 (ex GST if registered)
- •First used or installed ready for use 1 July 2024 – 30 June 2025 (law) | 1 July 2025 – 30 June 2026 (announced)*
- •Using simplified depreciation rules
- •Both new and second-hand assets qualify
How It Works
- •Per-asset basis: Write off multiple assets under $20k each
- •Immediate deduction: Claim full business portion in year of purchase
- •GST treatment: Exclude GST if registered, include if not
- •Business use only: Only claim business portion (not private use)
Assets $20,000 or More
If your asset costs $20,000 or more, it goes into the small business simplified depreciation pool:
- • 15% deduction in the first year
- • 30% deduction each subsequent year
- • If pool balance falls below $20,000, write off the entire balance
Important Exclusions & Limits
Passenger vehicles limited to $69,674 for depreciation purposes (excludes motorcycles and disability-modified vehicles)
- • Assets leased out (>50% of time)
- • R&D assets (special rules apply)
- • Capital works & buildings
- • Horticultural plants
Practical Example
Purchase: Computer for $6,800 (80% business use)
Instant Write-Off: $5,440 (80% of $6,800) in the year of purchase
Total cost ($6,800) is below $20,000 threshold ✓
Business can claim $5,440 deduction immediately, not spread over multiple years
* Legislative Status: The $20,000 instant asset write-off for 2024-25 (1 July 2024 to 30 June 2025) is confirmed law. The extension for 2025-26 (1 July 2025 to 30 June 2026) has been announced by the government but is not yet legislated. While the government has committed to this extension, it requires parliamentary passage before becoming law.
Important: This information is based on ATO guidance current as of December 2024. Tax laws change regularly. Consult a registered tax agent or accountant to ensure your specific situation qualifies for the instant asset write-off. Record keeping requirements apply.
The Excavator Attachment Tax Strategy
Excavator finance offers unique tax advantages that many NSW contractors miss. The key insight: attachments are separate assets for instant write-off purposes. This creates a strategic opportunity.
Real Example: Western Sydney Contractor
Immediate Tax Benefits (Year 1):
That's 26.4% of the total investment recovered in Year 1 alone through tax benefits.
Excavator Depreciation Deep Dive
Excavators qualify for the 37.5% diminishing value depreciation rate under Division 40. This is one of the most aggressive rates in the ATO depreciation tables, reflecting the heavy wear-and-tear nature of excavation work.
Excavator Depreciation by Size Class:
Source: ATO Taxation Ruling TR 2020/3 - Capital allowances: effective life of depreciating assets
Private Sale Excavators: Hidden Value
Buying from a retiring contractor or at auction can save 40-60% vs dealer prices - and tax benefits are IDENTICAL. A 2020 Kubota U55 with 1,800 hours might cost $65,000 privately vs $105,000 from dealer. You still claim 37.5% depreciation, GST refund, and instant write-off on new attachments.
⚠️ Private Sale Requirements
- Independent valuation (we arrange, usually $300-500 cost)
- 20-25% deposit required (vs 10% for dealer)
- Excavator under 10 years old with verifiable service history
- Clear ownership proof + VIN/serial numbers verified
- Lender security registered on PPSR within 48 hours of settlement
Instant Asset Write-Off Calculator
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* Calculations are estimates based on standard depreciation rates. Consult with a qualified accountant for personalized advice. Interest rate assumed at 7.5% p.a. for illustration purposes.
Ready to Finance Your Excavator?
Ding Financial's equipment finance specialists have structured excavator deals from $50k to $500k. We maximize your attachment write-offs and depreciation benefits.
Finance Your Excavator Today →Recent Excavator Finance Deals
Sydney Metro Western Package
Civil contractor won $3.2M metro tunneling subcontract. Financed excavator with 30% balloon to match project cashflow. Attachment write-offs covered first year payments.
$215,000
$71,050
Hunter Valley Mining Support
Mining contractor needed heavy excavator for coal handling facility construction. Low-doc approval in 36 hours based on confirmed contract.
$385,000
$127,050
Illawarra Residential Subdivision
Developer financing own earthmoving equipment for 80-lot subdivision. Structured as 3 separate chattel mortgages for maximum depreciation benefits.
$165,000
$54,450
These excavator projects were funded through Ding's commercial funding solutions
Popular Excavator Models We Finance
Caterpillar
Models: 320, 324, 336
Komatsu
Models: PC200, PC300, PC450
Hitachi
Models: ZX130, ZX200, ZX350
Kubota
Models: U55, KX080, U17
Volvo
Models: EC220, EC300, EC480
Kobelco
Models: SK130, SK210, SK350
NSW Excavator Finance FAQs
Everything you need to know about excavator finance and tax benefits
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