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Secure Cost-effective, Workable Second Hand Truck Loans
Purchasing used and older vehicles can represent good value. But some operators may face challenges in sourcing affordable used vehicle funding to make the purchase viable and cost-effective. Lenders assess the age and condition of assets when preparing rates and conditions of any offer. We assist operators to source lower rates and more affordable used vehicle funding with our extensive market coverage and leverage with specialist lenders.
Our specialist heavy vehicle lending broker services are available to all types and sizes of operations across Australia for the purchase of a single vehicle or to replace an entire fleet. Our portfolio of credit products includes options to suit all types of entities whether just starting out as an owner-operator or a veteran with a large operation in the transport sector or other industry.
This won't affect your credit score
Compare Our Lower Rates on Second Hand Truck Finance
Funding for used vehicles may attract different rates and conditions than for new models and all applications are assessed on an individual basis. As can be seen by our current rates, we can achieve lower rates across the heavy vehicle funding options. To assist with planning and budgeting, buyers can utilise these rates to compare the funding options, compare makes and models and prepare their brief for our brokers. For a confirmed quote based on your individual vehicle and requirements, contact us by phone or online.
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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.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 18/05/2024 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.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 18/05/2024 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.
Fast Finance Second Hand Truck Approval
Estimates on repayments can be obtained by using our heavy vehicle credit calculator. This can be an invaluable buyer’s resource to assist in making decisions and to plan preferences for terms and balloon. When buying at auction, applications can be approved prior to the event to provide confidence to bid.
As we deal at an industry-level with our lenders, we can facilitate fast approvals, often within 24 hours.
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Get Expert Access to Lenders for Second Hand Truck Loan
Heavy vehicle is one of our key lending areas and we have accreditations with lenders that specialise in the sector. Having access the right lenders can be crucial in securing lower rates and more amenable terms and conditions, especially when purchasing used vehicles.
All types of entities can use our services through direct contact with no referral required. We provide a comprehensive and thorough heavy vehicle lending broker service from sourcing the most suitable, negotiated on rates and conditions, structuring the funding to meet client preferences and handling all lender liaison through to settlement.
The affordability of heavy vehicle credit may hinge on the tax deductions realised through the funding product. We stay across ATO rulings to ensure we structure solutions which are optimised for the latest taxation benefits. We know financials and as an Australian company, we have first-hand experience in the conditions faced by local operators. Important experience, expertise and insights which contribute to our capability to deliver cost-effective, lower rate funding solutions for used heavy vehicles.
- Accreditation with 80 lenders including specialist old truck finance lenders.
- Direct contact, no referral to access highly experienced used vehicle loan brokers.
- Australian company, 20+ years of experience.
- Commercial second hand financing specialists.
- Lower rates, tax optimised financing for second hand trucks.
- FBAA Member, Licensed Credit Provider.
Types of Old Truck Loan Options
When acquiring used heavy vehicles, operators have a choice of a number of asset acquisition funding products. These options vary in suitability to either the cash or accruals accounting method, balance sheet strategy, approach to tax, interest rate and general financial objectives of the enterprise. We advise that our clients speak with their accountant on which option will best work for their operation.
Use our calculator to compare repayments on each product or contact us for a quote on your preferred funding option. We provide fixed rates across our asset acquisition portfolio and fixed terms up to 7 years to deliver fixed repayments to work with cash flow.
With used vehicles, the age and condition of the vehicle forms a part of the application assessment. The total amount requested, term, rate and balloon/residual is subject to lender approval. Your broker will be negotiating to achieve the most workable and preferred outcome.
- Second Hand Truck Chattel Mortgage Finance
- Leasing Old Truck
- Commercial Hire Purchase Second Hand Truck Financing
- Rent-to-Own Old Truck Loan
- Fixed lower rates, fixed terms up to 7 years
- Balloon/residual options
- Fixed repayment schedule to work with cash flow
- Truck only, truck trailer financing
- Second hand truck financing for all brands and model configurations
Specialist Financing Second Hand Trucks Solutions
As specialists in heavy vehicle lending, we fully appreciate the variations in the profiles and requirements of vehicle buyers and operators. Appreciating that some can face challenges when sourcing funding, we offer options to assist new operators, self-employed owner-drivers, operators with no financials and buyers where the vehicle is not considered suitable security for asset acquisition products.
- Unsecured Loan for Old Trucks – may suit buyers where the vehicle is not accepted as suitable security by a lender.
- Low Doc and No Doc Second Hand Truck Financing – options for operators that do not have all the financials to meet lender criteria.
- Self-Employed, ABN and Sole Trader Old Truck Loans – for start-ups and those operating solo that don’t meet lender approval criteria.
- Second Hand Truck Financing for SMEs – individually negotiated solutions to work with cash flow.
- Bad Credit Old Truck Loan – affordable options may be available. Speak with us about the options to suit your individual profile.
FAQs
Second Hand Truck Financing
Yes. The minimum requirement for approval for commercial funding is to hold an ABN. Self-employed operators may not meet all the criteria of some lenders and may seek specialist lenders or brokers.
Used heavy vehicles can be funded with a choice of Chattel Mortgage, CHP, Leasing and Rent-to-Own.
The tax deductions vary across the selection of credit products. Lease and Rent-to-Own repayments are tax deductible. CHP and Chattel Mortgage provide a tax deduction via depreciation of the vehicle.
A balloon is an option with CHP and Chattel Mortgage. It is a percentage of the total loan amount which is due for payment in full after the final repayment is made.
All commercial funding applications are assessed individually and an interest rate offered by lenders. The rate for used vehicles may be higher than for new vehicles. The vehicle forms a part of the application assessment.
A used vehicle will be assessed as part of the application approval process. The age and condition are considered and that applies across heavy, medium and light duty vehicles.
Yes. Applications for used vehicle funding can be submitted and approved prior to purchase. Auction buyers may provide an estimate of the amount required and an indication of the vehicle to be purchased.
No. Registration for GST is not a requirement for commercial credit.
Yes. The age and condition of a used vehicle is assessed by lenders when considering the application for approval and to make a rate and credit offer. Older vehicles can attract good rates.
Yes. Used vehicle funding is available for cab only vehicles and for vehicle and trailer combined.
Our Lenders
Trusted by 60+ lenders Australia-wide
Trusted by 60+ lenders Australia-wide
