Heavy haulage truck finance is asset finance tailored to prime movers, low loaders and specialised trailers used to move oversize or heavy loads. In Australia, indicative rates start from 6.55% p.a., with loan amounts from $20,000 up to $10 million or more and terms of 1 to 7 years, so businesses can structure funding around the specific asset and how it's used.
What Counts As Heavy Haulage
Heavy haulage covers prime movers, low loaders, float trailers, oversize and over-mass combinations, and specialised rigs used to move plant, machinery, containers and abnormal loads. Purchase prices for this equipment vary widely depending on configuration, age, condition and specification, and because these assets carry higher values, longer service lives and specific compliance requirements, lenders tend to assess them a little differently to a standard single-axle truck, which is where a broker who understands the asset class earns its keep.
How Rates And Terms Typically Work
Indicative rates on heavy haulage equipment start from 6.55% p.a. for well-qualified applicants, with higher-risk profiles or older or more specialised units priced up to around 15% p.a. Loan amounts generally run from $20,000 up to $10 million or more, with terms of 1 to 7 years so repayments can be matched to the asset's working life and your cash flow cycle. These figures are indicative only and subject to lender criteria, credit assessment, applicable fees, term and final approval.
Full-Doc Versus Low-Doc Applications
If you have up-to-date financials, full-doc applications may support funding up to $10 million and beyond, which suits larger fleet purchases or bespoke heavy haulage builds. For ABN holders who prefer not to submit full financials, low-doc, lite-doc and no-doc pathways may be available for amounts up to $500,000, streamlining approval while still giving lenders enough information to assess the deal.
Deposit And Structuring Options
Depending on the lender, the asset and your circumstances, no-deposit finance or funding up to 100% may be available, which helps preserve working capital for fuel, permits, maintenance and driver costs rather than tying it up in a deposit. Balloon payments, seasonal repayment structures and terms aligned to contract length can all be discussed and may be built into the deal, so it's worth raising your cash flow pattern upfront rather than after settlement, with final structure always subject to lender assessment and approval.
Why A Broker Matters For Specialised Equipment
Heavy haulage trailers, dolly combinations and specialised prime movers don't fit a single lending template, and appetite varies a lot between lenders depending on the asset's age, configuration and use. As a broker, Overdrive Truck Finance compares 80+ banks and non-bank lenders on your behalf, matching your application to lenders who understand heavy haulage rather than treating it as a generic truck loan.
Speed Matters When Equipment Is In Demand
Good heavy haulage assets, especially specialised or low-kilometre units, don't sit on the market long. Same-day pre-approval and approval within 24 to 48 hours may be available on eligible applications, subject to lender assessment, so you can move on a purchase with more confidence, negotiate from a stronger position, and avoid missing out while finance is still being sorted.
Get An Obligation-Free Quote
If you're weighing up heavy haulage finance, get in touch with Overdrive Truck Finance for an obligation-free quote tailored to your business and the asset you have in mind. Enquiring is a soft credit check only, so it won't affect your credit score, and our team can talk you through the rate, term and structure options you may be eligible for before you commit to anything.
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