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Access Specialist Services for Bad Credit Truck Loans

The ability to secure workable vehicle financing can be impaired for operators that creditor issues, poor history of payments, high debt levels and a poor score and profile with reporting agencies. Our specialist lending services are available to provides operators in this position with access to potential options to a workable funding solution.

While all applications are assessed individually, our brokers work closely with our clients to explore all possible options and negotiate with our lenders to achieve an outcome which is acceptable and workable. With our vast lender coverage, we have access to lenders that do approve vehicle funding for operators in a poor financial position and we welcome your enquiry.

Business Finance Access Specialist Services for Bad Credit Truck Loans
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Compare Business Finance Interest Rates on Bad Credit Truck Loans

Applications for vehicle credit that have issues around creditors and poor ratings are typically classified at a higher risk level in the lending market. Generally attracting higher rate funding than good profile applicants. While the rate will be subject to lender approval, operators can refer to the rates we are currently achieving for good profile clients as a guide for the purpose of planning. A specific quote can be obtained by contacting us by phone or online.

Loan Amount Loan Term
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Disclaimer: * The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.

21 May

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 21/05/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

21 May

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 21/05/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.


Individual Solutions for Truck Financing Bad Credit Applicants

Engaging with us can be an astute decision for operators requiring special consideration in sourcing vehicle funding. We offer those that have a poor history with creditors and payments, possible prior bankruptcy and high levels of debt compared with assets with a very personal and individual approach to sourcing credit.

Our approach is non-judgemental, with our brokers focussed purely on sourcing the right lender and the most suitable solution for each client. We listen to the circumstances around the issues as these can be significant to lenders approving an application and making an offer. Lenders do consider the full scope of each application in the assessment and approval process.

As professionals in the commercial lending sector with over 20 years of experience, we understand financials, we know our market and we have the experience and expertise to support our clients. Each client receives the full personal attention of the broker assigned to their requirements and the full resources and capabilities of our smart technology and highly experienced team.

To ensure ease of access to these services, a referral is not required to contact us. We are readily available, with a direct call, to clients across Australia.

  • Individual, non-judgemental approach to bad credit truck financing
  • 20+ years of commercial lending expertise and experience.
  • Nationwide service coverage.
  • Direct connection, no referral required.
  • FBAA Member, Licensed Credit Provider.


Get Connections with the Right Bad Credit Truck Loan Lenders

Not all banks and lenders are in a position to approve applications that do not meet their criteria. Connecting with lenders that will make workable offers to operators with poor ratings can be critical to achieving a cost-effective offer at a workable interest rate.

We have accreditations with a vast and diverse range of lenders to ensure we can provide clients with the right options and possible ways forward with vehicle funding. We identify the right lender for each client and handle all the contacts and negotiations to source an offer.

  • Connect with 80+ lenders.
  • Expert services to connect with the right lenders.
  • Specialist bad credit truck loan lender contacts.


Types of Loans for Financing Trucks Bad Credit

Once we have sourced the right lender and an application has been approved, we provide operators with the full portfolio of credit facilities for funding vehicle acquisitions. All tax deductions and other features of the selected facility are available including balloon and residual options. The credit facilities available vary in suitability to the cash or accruals accounting methods, vehicle ownership during the credit term, treatment of tax, approach to balance sheet and other aspects. Clients are advised to discuss the options with their accountant.

The selection of vehicle funding products can be used to purchase all types of heavy vehicles – heavy, medium and light duty, with all types power systems and configurations, new and used.

  • Chattel Mortgage Truck Finance Bad Credit
  • Bad Credit Truck Lease
  • CHP Bad Credit Finance
  • Rent-to-Own Bad Credit Truck Loan
Your Road to Recovery: Truck Financing Options for Poor Credit
Your Roadmap to Truck Finance Despite Poor Credit


Applying for Bad Credit Truck Loan - Expectations

While all applications are assessed individually, applicants with issues and poor ratings can expect an offer with a higher interest rate than the lowest possible; possible additional security required; limit on the credit amount; and other possible conditions applied.

When lodging an application, operators should provide as much financials and other details around their enterprise as is available to provide lenders with a thorough and complete view of the prospects. In some cases, the owner’s personal financials may form part of the application assessment.

Applications can be submitted with our brokers by phone or online with approvals sourced promptly and efficiently. While challenges are a reality for operators in these situations, using our services may present a positive way forward to workable vehicle funding.

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FAQs
Bad Credit Truck Financing

Yes. Once an application for vehicle credit is approved, Chattel Mortgage is one of the facilities available for funding heavy vehicles.

Applicants for commercial funding with issues with creditors will need to have an ABN and provide what financials and documentation they have on their operation. GST registration is not required.

The rate on vehicle credit offered to applicants with credit issues will be subject to lender assessment of the application. As these types of applications are considered higher risk, it could be expected that a higher rate than is available for good credit applicants would be offered.

The term offered on vehicle funding for poor credit operators will be subject to lender approval. In general terms 7 years can be obtained.

Lenders may put a maximum credit amount on applications for vehicle funding with credit issues. This will be subject to individual lender guidelines and criteria.

Yes. When an offer for funding is accepted and settled, the operator can realise all tax benefits relevant to the credit facility selected.

Vehicle funding for all applicants is available with Lease, CHP, Rent-to-Own and Chattel Mortgage.

Yes. Applications for vehicle funding can be approved prior to purchase. An estimate of the amount required and the vehicle to be purchased will need to be provided.

Yes. A balloon is available with Chattel Mortgage and Commercial Hire Purchase.

GST is treated differently with different credit facilities. With Rent-to-Own and Leasing, GST applies to the repayments. With Chattel Mortgage, the GST on the vehicle purchase is claimed in full directly after purchase. No GST is then applied to the repayments.

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Our Lenders

Trusted by 60+ lenders Australia-wide

Westpac
Liberty
Automotive Financial Services
Macquarie
Finance One
Commonwealth Bank
Pepper Money
Morris
National Australia Bank
RACV
Get Capital
Prospa
Grow
Selfco Leasing
Scottish Pacific