Yes, no-deposit and no-financials truck finance both exist in Australia, and many ABN holders can combine the two if the deal is structured well. Whether you qualify depends on factors like the truck's value, your credit history, and time in business rather than any single rule.
The Short Answer
Yes, in many cases. Genuine no-deposit (up to 100% finance) and low-doc/no-doc truck finance both exist in the Australian market, and it's common for ABN holders to combine the two if the truck, the deposit, and the deal structure line up. Lenders weigh these features against risk, so approval, rate, and loan size will depend on your circumstances rather than a blanket yes.
How No-Deposit Finance Works
No-deposit truck finance means the lender may fund up to 100% of the vehicle's value, so you're not putting cash down upfront, subject to approval. It's typically easier to secure on well-maintained, in-demand trucks and trailers, where the asset itself carries strong resale value, and it's often paired with a slightly higher rate or a trade-in to offset the lender's risk.
How No-Financials Finance Works
Low-doc and no-doc truck finance let you skip full financial statements and instead rely on your ABN history, banking activity, and a signed income declaration. It's designed for sole traders, subcontractors, and small fleet owners who don't have up-to-date tax returns or formal financials ready to hand, and it may be available for approved applications up to $500,000.
What Lenders Look At Instead
When financials and deposit are off the table, lenders lean more heavily on other signals: time in business, ABN/GST registration, credit history, existing asset finance conduct, and the age, condition, and type of truck or trailer being financed. A newer, well-specced vehicle in a solid resale category generally strengthens a no-deposit, no-financials application, though final approval always rests with the lender.
Rates and What Affects Them
Because no-deposit and no-doc structures carry more risk for the lender, they usually sit at the higher end of the pricing scale. Indicative rates across our panel start from 6.55% p.a. for strong, full-doc applications, running up to around 15% p.a. for higher-risk profiles such as combined no-deposit, no-financials deals. Rates quoted are indicative only and subject to lender criteria, credit assessment, fees, term, and final approval.
Why Using A Broker Helps
As a broker rather than a single lender, we compare more than 80 banks and non-bank lenders to find one whose appetite may match your exact situation, whether that's no deposit, no financials, or both together. That matters because policies on deposit-free and low-doc lending vary widely between lenders, and the right match can improve your chances of approval, though no outcome can be guaranteed in advance.
Get An Obligation-Free Quote
If you're an ABN holder looking at truck or trailer finance without a deposit or full financials, we can run your scenario against our panel and give you a clear, obligation-free picture of what may realistically be available, including indicative rates and structure. Enquiring involves only a soft credit check that won't affect your credit score, with fast pre-approval turnaround possible on eligible applications, subject to lender assessment and final approval.
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