Low loader trailer finance lets Australian businesses fund drop-deck and heavy haulage trailers for moving plant and equipment without paying the full purchase price upfront. Overdrive Truck Finance compares 80+ banks and non-bank lenders to structure a facility that suits your cash flow, deposit position and the trailer you need.
What Counts As A Low Loader Trailer
Low loaders, also known as lowboys or drop-deck trailers, are built with a low deck height to carry tall or heavy loads such as excavators, graders, dozers and other plant equipment. They range from single-axle drop decks to multi-axle heavy haulage combinations, and the finance structure that suits you depends heavily on the configuration, age and use case of the trailer.
How Low Loader Trailer Finance Works
Rather than lending the money ourselves, Overdrive Truck Finance compares options across 80+ banks and non-bank lenders to find a facility that matches your low loader purchase, whether it is a new drop deck from a dealer or a used heavy haulage trailer bought privately. This means access to a wider spread of rates, terms and structures than going to a single lender direct, without you having to shop the market yourself.
Rates And Loan Terms
Indicative rates for low loader trailer finance start from 6.55% p.a. for strong applications, rising to around 15% p.a. for higher-risk profiles, with loan amounts from $20,000 up to $10 million or more and terms from 1 to 7 years to suit how long you plan to run the trailer. These rates are indicative only and remain subject to lender criteria, credit assessment, applicable fees, the term selected and final approval.
Low-Doc And No-Deposit Options
Operators who cannot produce full financials, such as newer ABN holders or those with irregular income documentation, can often access low, lite or no-doc finance up to $500,000 on a low loader, while established businesses with full financials can be considered for facilities up to $10 million and beyond. No-deposit and up to 100 percent finance structures may also be available for eligible applicants, which helps preserve working capital for fuel, maintenance and other running costs while the trailer is put straight to work.
Choosing Between Chattel Mortgage, Lease And Other Structures
A low loader can be financed through a chattel mortgage, finance lease, hire purchase or novated arrangement depending on how your business is structured and whether you want to own the asset outright, claim GST and depreciation benefits, or keep it off the balance sheet, and the right choice generally comes down to your accounting position and how the trailer will be used. Because the tax and ownership outcomes differ between structures, it is worth discussing your specific situation with your accountant alongside your finance broker before settling on one.
Speed Of Approval
For eligible applications, same-day pre-approvals and full approvals within 24 to 48 hours may be available, subject to lender assessment, documentation and final approval, which matters when a suitable trailer will not stay on the market long. The purchase price of a low loader can vary widely depending on age, configuration, condition and specification, so having an indicative pre-approval in hand gives you a clearer budget to work with when inspecting trailers from dealers or private sellers.
If you are ready to look at low loader trailer finance, get in touch with Overdrive Truck Finance for an obligation-free quote tailored to your business and the trailer you have in mind. Enquiring is a soft credit check only and will not affect your credit score, so there is no risk in finding out what may be available before you commit.
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