Truck Loans
Finance for prime movers, rigids, trailers, and tippers. Built for ABN holders who need the truck out earning, not sitting in a yard waiting on a bank.
- Prime movers, rigids, trailers, and tippers
- New and used, dealer or private sale
- ABNs from six months considered
- Same-day conditional approval on clean files
Estimate your truck repayments
A quick guide based on the asset cost, an indicative rate and your preferred term. Talk to the team for an accurate quote tailored to your business.
Estimate your truck repayments
Enter the amount you wish to borrow.
Annual interest rate on the loan.
Duration of the loan in years.
Monthly payment
$1,510
Your estimated monthly payment.
How truck finance is structured
Most truck deals are written as a chattel mortgage. You own the truck from day one, the lender holds security over it until the loan is paid out, and you can generally claim the GST and depreciation. Confirm the tax side with your accountant, but that is the structure we write most often.
Chattel mortgage. You own it from the start, claim the GST upfront, deduct interest and depreciation. Hire purchase. The lender owns it until your final payment, then it transfers to you. Finance lease. The lender owns the truck, you pay to use it, with a residual at the end.
Balloon vs residual. A balloon sits on a chattel mortgage. A residual sits on a lease. They do the same job: a lump sum at the end that lowers your monthly repayments. Set it too high and you owe a big number later. We size it to match how long you will keep the truck.
What you need to qualify
Requirements vary by lender and asset, but most truck finance applications need the following.
An active ABN
Some lenders accept ABNs as young as six months with industry experience.
Proof you can service the loan
Bank statements, BAS, or financials.
A credit file the lender can work with
Adverse credit is not an automatic no.
Comprehensive insurance on the truck
Required before settlement.
Low doc options
Owner-drivers can show income through BAS and bank statements rather than full tax returns.
Why use a broker instead of your bank
Your bank checks your file against one set of rules. We check it against more than fifty lenders and send it to the one most likely to say yes. On trucks especially, where asset age and your industry matter, the right lender is the difference between an approval and a knockback.
Related machine finance
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Frequently asked questions
Yes. Trucks are business-use assets, so lenders require an active ABN.