Financing 100% of a truck's purchase price is achievable for many Australian businesses, particularly those with a solid credit history and a newer asset. No-deposit or up to 100% finance structures exist across our lender panel, though eligibility depends on your serviceability, documentation and the truck itself.
How 100% Finance Works
Lenders assess your business's serviceability, credit history, time trading and the truck's age and value when deciding whether to fund the full purchase price. Where these line up well, no-deposit or up to 100% finance options may be available to cover the whole cost of the truck, and sometimes extras like a tow bar, tray, tail-lift or signage as well.
Who Tends To Qualify
Established businesses with a solid credit history, consistent income and a newer or near-new truck are generally best placed for full-value finance. Newer entities, low-doc applicants or those buying an older or higher-mileage truck may still be approved, but a lender might ask for a modest deposit or trade-in equity to offset the extra risk.
Full-Doc vs Low-Doc Applications
If you can supply full financials, lenders often extend more flexibility on no-deposit terms, with full-doc lending available up to $10M+ through our panel. For sole traders or newer ABNs without full financials, low, lite and no-doc options are available up to $500,000, which can still support a 100% finance structure depending on the deal.
Rates, Terms And What They Depend On
Rates for truck finance in Australia start from 6.55% p.a. for strong applications, rising to around 15% p.a. for higher-risk profiles, with loan terms from 1 to 7 years and amounts from $20,000 up to $10M+. These figures are indicative only and subject to lender criteria, credit assessment, fees, terms and approval.
Weighing Up A Deposit Anyway
Even when 100% finance is available, putting down a deposit or trading in an existing vehicle can lower your repayments, shorten the loan term, and may improve your interest rate depending on the lender and your circumstances. It is worth comparing both scenarios before you commit so you know exactly what each option costs over the life of the loan.
Why Use A Broker For This
Because every lender treats deposits, asset age and doc type differently, comparing options yourself can be time-consuming and hit-or-miss. We compare 80+ banks and non-bank lenders on your behalf to find where a no-deposit or 100% finance structure may genuinely be on offer for your situation, rather than applying blind to lenders unlikely to say yes.
Get An Obligation-Free Quote
If you want to know whether your business qualifies for no-deposit or 100% truck finance, get in touch with Overdrive Truck Finance for an obligation-free quote. Fast pre-approval and quick turnaround times may be available on eligible applications, subject to lender assessment and approval. Enquiring is a soft credit check only and will not affect your credit score.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.