If you're financing a Hino truck for your business, you can generally expect rates from 6.55% p.a., loan terms of 1 to 7 years, and amounts from $20,000 up to $10 million or more. As a broker rather than a lender, Overdrive Truck Finance compares 80+ banks and non-bank lenders to find a Hino finance structure that suits your cash flow and business circumstances.
How Hino Truck Finance Works
Hino trucks are popular with Australian fleets and owner-operators for their reliability and strong resale value, which makes them straightforward to finance. As a broker, Overdrive Truck Finance doesn't lend directly — instead we compare 80+ banks and non-bank lenders to match your Hino purchase, whether it's a light-duty 300 Series, a mid-range 500 Series, or a heavy-duty 700 Series, with a loan structure suited to your business and cash flow. The purchase price of a Hino varies widely depending on the series, configuration, condition and whether it's new or used, so it's worth getting a quote tailored to the specific truck you're after.
Rates and What Affects Them
Indicative rates for Hino truck finance start from 6.55% p.a. for strong applications, rising to around 15% p.a. for higher-risk profiles such as newer businesses, lower credit scores, or older equipment. Your rate depends on factors like time in business, deposit, the truck's age and condition, and whether you choose full-doc or low-doc verification. Rates quoted are indicative only and subject to lender criteria, credit assessment, fees, loan term and final approval.
Loan Amounts and Terms Available
Finance is available from $20,000 up to $10 million and beyond, covering everything from a single Hino rigid to a multi-truck fleet upgrade. Terms typically run from 1 to 7 years, giving you flexibility to align repayments with how hard the vehicle works and how quickly you want it paid off.
Low-Doc and No-Deposit Options
Not every ABN holder has fully updated financials ready to go, and that's fine. Low-doc, lite-doc and no-doc options may be available up to $500,000 for eligible applicants, while full-doc applications can support finance up to $10 million or more. No-deposit and up to 100% finance structures may also be available for qualifying businesses, subject to approval, helping you preserve working capital instead of tying it up in a deposit.
Choosing the Right Structure for Your Hino
Chattel mortgage, finance lease, and novated lease structures each suit different situations, from a business wanting to own the truck outright and claim GST upfront, to an operator wanting to keep repayments off the balance sheet. The right choice depends on how you plan to use the Hino, your tax position, and whether you're likely to trade it in before the term ends — it's worth talking through the options before locking in a structure.
Speed of Approval
Once your application and supporting documents are in, eligible applications may receive same-day pre-approval and full approval within 24 to 48 hours, subject to lender assessment and final approval, which is useful when you've found the right Hino at the right price and don't want to lose it to another buyer.
Get an Obligation-Free Hino Finance Quote
If you're looking at a new or used Hino, Overdrive Truck Finance can help you compare options across our panel of 80+ lenders and find a structure that fits your business, subject to approval. Get in touch for an obligation-free quote — enquiring is a soft credit check and won't affect your credit score.
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