Used Truck Finance

It varies by lender — many finance vehicles well over ten years old, and some specialise in older heavy assets. The age at the end of the term is what matters most.

Current vehicle finance rates generally range from 6.55% to 15% p.a., depending on your credit profile, business history, documentation, vehicle age, loan amount and wanted finance terms. Our job is to compare 80+ lenders to find the lowest rate and repayments for your credit profile and wanted terms, then negotiate directly with lenders to get you the best deal possible. Rates are indicative only and subject to lender criteria, credit assessment, fees and individual circumstances.

Yes. For eligible deals under a lender limit we can arrange low-doc finance with no tax returns or BAS, on the strength of your ABN age, GST registration and clean credit. It typically needs a 2+ year ABN and sits slightly above a full-doc rate.

ABN holders — sole traders, partnerships and companies. Commercial lending to ABN holders sits largely outside consumer credit rules, which usually means a faster, simpler process than a personal loan.

No. The initial enquiry is a soft check only and does not affect your credit score. We only lodge a formal application to a lender once you have seen the numbers and told us to proceed.

Not always. $0-deposit structures are available for eligible deals, subject to assessment. A deposit or trade-in can help with a newer ABN or an older asset, and it lowers the amount financed and your repayments.

Terms typically run from 1 to 7 years. A longer term lowers the repayment but costs more interest overall; a shorter term costs less interest but repays faster. We help you balance cash flow against total cost.

Both. We finance new vehicles (dealer stock and factory orders) and used vehicles bought from a dealer, at auction or from a private seller. On a used vehicle, its age, kilometres and condition can affect the rate and term.

Yes. For a private sale the lender verifies ownership and checks the vehicle is clear of existing finance (a PPSR check) before releasing funds. We manage that process with you.

A balloon (or residual) is a lump sum set aside to the end of the term. It lowers your regular repayments now, which suits operators who refresh vehicles every few years — you pay it out, refinance it, or trade in at term end.

On a chattel mortgage you can generally claim the GST on the purchase in your next BAS, and depreciation and interest may be deductible. Your accountant is the right person to confirm what applies to your business.

For a straightforward, asset-backed deal we can often come back with an indicative answer the same business day, with conditional approval frequently inside 24 hours, and settlement within a few days once documents are in.