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Lower Rates, Workable Terms on Used Truck Finance
We assist operators to realise greater value with the purchase of second-hand vehicles with our lower rates on funding and negotiated terms that work with cash flow. The market for quality second-hand heavy vehicles can be strong with competition to secure the best available. Using our services may assist operators secure workable funding more efficiently to ensure they secure the vehicles required for their operation.
As specialists in the heavy vehicle lending market we provide expert broker services to all entities for the acquisition of all types of second-hand vehicles. Sole traders, self-employed owner-operators, SMEs, partnerships and large fleet companies can directly connect with us to secure cost-effective funding structured to meet ROI objectives.
This won't affect your credit score
Compare Business Finance Used Truck Loan Interest Rates
Lenders will assess the age and condition of second-hand vehicles in addition to the financial position and credit profile of the applicant. Rates are based on lender assessment and rates for second-hand assets may be different from those for new goods. But as can be seen in the lower rates we are currently achieving, we have the resources and capabilities to source competitive solutions. Use these rates as a guide and contact us for a quote based on your individual requirements and vehicle.
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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 17/05/2024 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 17/05/2024 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.
Get Access to Specialist Brokers, Specialist Lenders for Used Truck Finance
While many banks and credit providers offer heavy vehicle funding, rates and approval criteria can vary across the market. Connecting with specialists in this sector may deliver more customised solutions with lower rates and more workable terms.
We specialise in the heavy vehicle lending sector and have accreditations with lenders that also specialise in this field. This deeper understanding of the market and opportunity to capture opportunities for more affordable second-hand vehicle funding is available directly to all operators. No referral is required to use our comprehensive, thorough and detailed broker services. Simply make the call and discuss your funding requirements.
Our services include sourcing the right lender, the lowest rates and importantly for second-hand vehicles, negotiating credit terms and conditions that meet our client’s requirements. Our brokers understand vehicles and they understand commercial financials. Structuring credit solutions that work with our client’s cash flow and are optimised for the latest asset acquisition tax benefits.
- Access to 80+ lenders with used truck loan specialists.
- Utilise 20+ years of commercial lending experience.
- Direct access – no referral, Australian-based brokers ready to assist.
- Individually sourced and negotiated used truck finance solutions.
- Tax optimised outcomes with lower rates and workable terms.
- FBAA Member, Licensed Credit Provider.
Used Truck Loan Types Available
Buyers of second hand heavy vehicles can select from the selection of asset acquisition credit products. These products have varying interest rates and features including compatibility with accruals and cash accounting methods; balance sheet approach; tax treatment; and ownership over the credit term. Due to the accounting nature of these variations, clients are advised to discuss which product will work best for their entity with their accountant.
Across our portfolio we secure credit at fixed interest rates, fixed credit terms of up to 84mths/7years, with balloon and residual options and with a repayment schedule with fixed monthly outgoings. Details are subject to lender approval and assessment of the vehicle. Our brokers handle those discussions and negotiations on behalf of clients to expedite the process and deliver the most workable solution.
Funding is available on all types of vehicles from all leading manufacturers. Credit can be sourced for the vehicle only, vehicle and trailer, heavy, medium and light duty models, refrigerated vehicles, car carriers, livestock transporters, B-doubles, ready to work models and other variations across all industry sectors.
- Used Truck Chattel Mortgage
- Leasing Used Trucks
- Commercial Hire Purchase Used Truck Financing
- Rent-to-Own Used Truck Loan
- Fixed interest rates, Fixed terms up to 84 months
- Option for balloon, residual.
- Heavy, medium and light duty used truck loans
- Used truck financing for all models, manufacturers and configurations
Specialist Used Truck Loan Solutions
We appreciate that not all operators will meet the approval criteria for all lenders. To assist those just starting up, without financials, with a sole trader operation and with other challenges, we provide workable options and opportunities.
- Used Truck Unsecured Loan – option for buyers where a lender does not accept the vehicle as suitable security for asset acquisition products.
- No Doc and Low Doc Used Truck Loans – solutions sourced for operators without financials.
- ABN, Sole Trader, Self-employed Used Truck Finance – workable options sourced for those operating as owner-drivers.
- Used Truck Financing Bad Credit – options sourced for operators with issues around credit.
Fast Approvals, Pre-approved Used Truck Loans for Auction Buys
The competition to capture quality second-hand vehicles when they hit the market can be strong. We assist buyers to capture opportunities as quickly as possible with our fast credit application service. Many applications can be approved within 24 hours.
Many second-hand vehicles are sold via auction. To assist buyers set their bidding ceiling, we provide a pre-approved funding service. Applications are processed through to the approved level based on an estimate of the credit required and an indication of the vehicle to be purchased.
- 24 hour approval for many applicants.
- Pre-approved used truck loan service.
- Get approved ahead of buying at auction
FAQs
Used Truck Financing
Where applicants do not have all the financials to meet lender criteria they may seek No Doc and Low Doc second hand vehicle funding through specialist lenders and brokers.
Second-hand vehicles may be funded with a choice of Lease, Rent-to-Own, CHP and Chattel Mortgage.
The tax treatment of commercial credit products varies. Repayments on Lease and Rent-to-Own are tax deductible. The interest part of CHP and Chattel Mortgage repayments is deductible. Chattel Mortgage and CHP have a tax benefit through depreciating the vehicle.
A balloon component is an available option on Commercial Hire Purchase and Chattel Mortgage second-hand vehicle funding.
Not necessarily. Second-hand vehicles are assessed as part of the application assessment process. The rates can differ from new vehicle funding but competitive rates may be achieved on second-hand models.
When lenders assess the second-hand vehicle they will ascertain the suitable rate and credit term for the funding and whether or not the vehicle is suitable security against the funding. This process applies to all types of second-hand vehicles. The condition and age rather than the type of vehicle would typically be more significant to the funding conditions offered.
Yes. Second-hand vehicle funding applications can be approved prior to purchase.
No. Commercial credit applications do not require the applicant to be registered for GST.
The credit term offered on second-hand vehicle funding is subject to lender assessment. Terms of up to 7 years may be offered.
Yes. An entire unit may be funded with the one credit product.
Our Lenders
Trusted by 60+ lenders Australia-wide
Trusted by 60+ lenders Australia-wide
