Your rig is your livelihood. Getting truck finance should not be a dog fight.
Whether you are putting your first prime mover on the road, upgrading the rigid that is starting to let you down, or adding another truck to keep up with the work, you need a lender who understands the industry. Banks are not built for this. They want two years of tax returns, tidy financials and a story that fits in a box. Meanwhile you have been running hard, chasing payments, and the accountant has not finalised last year yet. Truck finance through a specialist panel gets you matched with lenders who look at how you actually trade, not how a bank thinks you should.
Low doc truck finance up to $500K
Plenty of lenders on our panel can approve truck finance without you having to produce full financials. If you have held an active ABN for at least 12 to 24 months, have clean ATO obligations and can show consistent banking activity, you may be eligible for a low doc loan up to $500,000. That is enough to cover most new prime movers, rigids, tippers, pantechs and trailers. Some lenders will go further with the right supporting scenario. No tax returns, no BAS spreadsheets, no accountant letters running around chasing signatures.
New, used, dealer, auction or private sale truck finance.
Not every lender will fund a 15 year old Kenworth or a truck sold privately. Ours will. Our panel includes specialist heavy vehicle lenders who regularly fund used trucks, auction purchases and private sales, where mainstream banks and dealer finance desks often say no. Older rigs typically require a bigger deposit or shorter term to manage depreciation risk, and private sales take a bit longer to settle because of the extra checks, but it gets done. If you have found the right truck at the right price, we will help you get it financed.
Chattel mortgage, lease, hire purchase - pick what suits your setup.
Most truckies go with a chattel mortgage because you own the truck from day one, you can claim the GST on your next BAS, and you get depreciation and interest deductions over the loan term. But that is not always the best fit. If you prefer to keep the truck off your balance sheet or upgrade your rig every three years, a finance lease or operating lease might work better. Commercial Hire Purchase and Rent-to-Own are also options. Talk to your accountant about which one lines up with your tax and cash flow position, and we will match you with a lender offering that structure.
Same day pre-approvals for straightforward deals.
When the truck you want is sitting on a dealer's lot with three other blokes eyeing it, you cannot wait a week for the bank to get back to you. Most lenders on our panel can issue a pre-approval within 24 hours for straightforward low doc applications. Unconditional approvals typically come through in 24 to 48 hours once documents are in, and settlement can happen the same or next day on dealer sales. Private sales take a bit longer because of vendor verification, but even those usually wrap inside a week.
Owner-drivers, growing fleets and operators with a few bumps - all welcome.
Being a one-truck owner-driver does not mean you are stuck with bank rates or bank attitudes. Our panel includes lenders who back sole traders, new ABN holders, and operators with imperfect credit history. If you have had a default, a missed payment or a ATO arrears that you have since sorted out, there are still options. Whether you are just starting out, growing from one rig to three, or running a fleet of twenty, we match you with lenders who assess your real trading position, not just your credit file.
