The most popular option for owner operators. You own the truck from day one, which allows you to claim the entire GST portion of the purchase on your next BAS. The lender simply takes a charge over the asset as security.

Ideal for larger fleets needing to manage asset age. The lender owns the asset, and you pay to use it for a fixed term. This keeps the large asset off your balance sheet and gives you the flexibility to easily upgrade your trucks every few years.

A simple path to ownership. It's similar to a rental agreement, but ownership automatically transfers to you after the final payment. GST is handled within the repayments, not as a large upfront claim, which can be simpler for cash flow.

Specialist lenders can often secure finance for quality used assets up to 15 years old and beyond. Unlike banks with rigid age limits of 5 years, they look at the asset's condition and value to your operation. For example, we frequently fund 10-year-old trucks and have even financed a 30-year-old trailer for a client.

It's a simple process. A specialist will handle the necessary checks, including ensuring the seller has clear title to the vehicle and arranging an independent inspection for everyone's protection.

Yes. Before releasing funds, the lender will require a certificate of currency for heavy vehicle insurance, showing the truck is comprehensively insured for its full agreed value.

Yes, a specialist can arrange this to simplify everything with one application, one approval, and one set of paperwork. This means fewer credit enquiries on your file and a much faster settlement.

Yes, it's possible. While most lenders prefer at least 6-12 months of trading history, specialist lenders can consider applications from new ventures, especially if the director has strong industry experience and provides a comprehensive business plan with cashflow forecasts and work source letters.

A balloon payment is a pre-agreed lump sum deferred until the end of the term. This can be a powerful tool to lower your regular repayments, freeing up cash for expenses like fuel or wages. A specialist can model different options for you.

Yes. The first step is an initial assessment to understand your borrowing capacity. A specialist can then work with you to arrange a formal finance pre-approval, giving you a firm budget to shop with confidence.

Low doc means that for amounts up to $500,000, lenders can often grant approval without requiring years of full financial statements. Instead, they can use securely connected bank data, BAS statements, or an accountant's letter to verify income. It's a faster path for busy operators.

It depends on the lender. If paying the facility off early is part of your strategy, discussing an early payout is an important detail to raise with your specialist. They can then guide you towards products with flexible terms.

Yes, equipment finance can often be arranged for critical repairs like an engine rebuild. This is typically done via an unsecured facility to cover the expense and can be funded in under 24 hours for urgent repairs.

Going to your bank is familiar, but they can only offer their own products. A finance broker has access to a wide panel of 80+ lenders, including non-banks and specialists. A broker dramatically increases your chances of approval by matching you with the most suitable lender from the start. We frequently secure funding for deals that major banks instantly reject, such as for businesses with ATO debt under arrangement or those buying trucks older than 5 years.

Your credit score is a primary factor. A higher score demonstrates a history of responsible management and reduces the perceived risk for the lender, which typically results in a lower interest outcome.

A secured facility, like a chattel mortgage, uses the asset itself as collateral. This is the standard for truck finance and results in much lower interest. An unsecured facility does not require a specific asset as security, which means higher risk for the lender and therefore a higher interest rate.