Yes, you can finance an older vehicle — it just comes down to the vehicle’s age at the end of the loan and which lender you use.
The age-at-end-of-term rule
Lenders cap how old a vehicle can be when the loan finishes — commonly around 12–15 years for many vehicles, and older for heavy prime movers. So an older vehicle often works on a shorter term, or with a deposit to offset the risk.
Rates on older vehicles
Expect a slightly higher rate than a late-model vehicle, but older vehicles are very financeable, especially through specialist and non-bank lenders who are more flexible than the big banks on age and kilometres.
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