Concrete truck finance covers the loans and leases used to purchase agitator trucks, mixer trucks and concrete pump trucks for your business, with rates from 6.55% p.a. and terms of one to seven years. The right structure depends on your deposit, documentation and the age of the equipment, and comparing lenders is the best way to secure competitive terms.
How Concrete Truck Finance Works
Concrete truck finance lets you spread the cost of an agitator, mixer or concrete pump truck over a set term rather than paying the full purchase price upfront. Most facilities are structured as a chattel mortgage or finance lease, where the truck itself secures the loan, and you repay the lender in fixed instalments over an agreed period while running the vehicle in your business.
What Affects Your Rate
Rates for concrete truck finance in Australia start from 6.55% p.a. for strong applications, with higher-risk profiles priced up to around 15% p.a. depending on factors such as the age and condition of the truck, your time in business, credit history, deposit size and the strength of your financials. These rates are indicative only and remain subject to lender criteria, credit assessment, fees, loan term and final approval.
How Much You Can Borrow
Loan amounts for concrete trucks generally range from $20,000 for a smaller used unit up to $10 million or more for fleet purchases, spread over terms of one to seven years to suit your cash flow and the expected working life of the vehicle. No-deposit and up to 100% finance options may also be available for eligible borrowers, which can help preserve working capital during busy pours and project ramp-ups.
Low-Doc And Full-Doc Options For Owner-Operators
Many concrete truck operators run lean paperwork, so low-doc, lite-doc and no-doc finance is available for amounts up to $500,000, useful when full financials aren't ready or you'd rather avoid a lengthy documentation process. For larger fleet acquisitions or established operators with complete financials, full-doc finance is available up to $10 million and beyond, generally on more competitive terms.
New, Used And Specialist Concrete Equipment
Whether you're financing a new agitator truck, a second-hand mixer, a concrete pump truck or a boom pump, lenders assess the asset alongside your application, so the make, age, condition and resale value of the equipment all factor into the loan structure and rate on offer. The purchase price of a concrete truck varies widely depending on brand, capacity, age and whether it's new or used, so it's worth getting a specific quote for the unit you have in mind. Specialist and imported units can sometimes need extra documentation, which a broker can help navigate.
Why Compare Before You Commit
Because concrete trucks are a significant investment and every lender prices risk differently, comparing options across the market rather than accepting the first offer can make a real difference to your rate and terms. As a broker rather than a lender, Overdrive Truck Finance compares 80+ banks and non-bank lenders on your behalf to find a structure that suits your business, rather than steering you toward a single in-house product.
Get An Obligation-Free Quote
If you're ready to look at concrete truck finance, Overdrive Truck Finance can arrange same-day pre-approvals and, on eligible applications, full approval within 24 to 48 hours, subject to lender assessment. Enquiring is a soft credit check that won't affect your credit score, so you can compare your options and get an obligation-free quote with no pressure to proceed.
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