First truck, another for the fleet, an upgrade or a refinance: the finance side doesn’t need to be complicated.
What we need to get started
- The driver’s licence of the director of the business
- Your ABN
- What you’re buying. A rough idea of age, make and model is plenty: “a late-model prime mover” or “a small tipper” is a fine start.
- Why you’re buying it: replacing gear, expanding, and so on
Every lender has its own policy on what’s needed. Our job is to match you to one whose requirements you can actually meet. Some offer low-doc options for eligible businesses: less paperwork, often for a larger deposit or a different rate.
Buying privately? We handle it
Truck finance works for new and used, dealer or private sale. Private sales need inspections and valuations; we handle those, deal with the seller, chase their documents and even generate the tax invoice. If the truck is older or high-kilometre, tell us upfront, as it affects which lenders will look at it.
How the loan is set up
Most truck finance is a chattel mortgage, sometimes with a balloon payment to lower the regular repayments. The right structure depends on how long you’ll keep the truck, your cash flow and your accountant’s advice.
Find out your borrowing power, free
We take your deal to our panel of 40+ lenders and bring back options that fit your business and the truck: prime movers, rigids, tippers, curtain-siders and more. It costs nothing and doesn’t affect your credit file. Renting now, or eyeing a rent-to-buy truck? Check the finance numbers first.
Common questions
How does truck finance work?
A lender pays for the truck, your business owns it from day one, and you repay over an agreed term, usually as a chattel mortgage secured against the truck. You can add a balloon to lower the regular repayments.
Do I need a deposit for truck finance?
Not always. Many established businesses finance trucks with no deposit, while newer businesses, older trucks or weaker credit files may need one.
Can I get finance on an older truck?
Yes, but age narrows the field. Many lenders limit how old a truck can be at the end of the loan, so an older truck may need a shorter term or a specialist lender.
What is commercial vehicle finance?
A loan for a vehicle used mainly in a business, such as a truck, ute, van or bus. It’s usually a chattel mortgage in the business’s name, with the vehicle as security.
Have a question about your deal?