Truck and heavy vehicle finance, built for operators.
Prime movers, rigids, tippers and trailers, financed around how your transport business actually runs.
Why operators use us
- ✓ New ABN and owner-operator options
- ✓ New, used, dealer or private sale
- ✓ Chattel mortgage, lease or hire purchase
- ✓ A panel of lenders compared for you
- ✓ Approvals often within 24 to 48 hours
What is truck finance?
Truck finance is a way for a transport or trade business to acquire a truck or heavy vehicle without paying the full price upfront. Instead of tying up your capital, you fund the vehicle and repay it over an agreed term, usually matched to how long the truck will earn for you. The truck itself typically acts as the security, which is what makes this kind of lending faster and more accessible than an unsecured loan.
As finance brokers, we compare options across our panel of banks, non-bank lenders and specialist transport financiers, then guide you toward a structure that fits the vehicle, your cash flow and how your business runs. For owner-operators and fleets alike, that means the right truck earning sooner and your working capital staying in the business.
Keep your fleet moving without tying up your cash.
Whether you are buying your first prime mover or adding the fifth truck to the fleet, truck and heavy vehicle finance lets you spread the cost over the working life of the asset instead of paying for it all upfront. As brokers, we compare lenders across our panel of banks, non-banks and specialist asset financiers, then match you to one whose policy suits owner-operators and transport businesses.
We arrange finance for prime movers, rigid trucks, tippers, refrigerated and food-transport trucks, tautliners, curtain-siders, tilt trays, crane trucks, concrete agitators, tow trucks, vans and trailers, new or used, for transport operators and trade businesses across Melbourne and Australia-wide. Whether it is your first truck or the next unit in a growing fleet, there is a good chance it can be financed. Below is how that works across the vehicles and operators we support most.
Truck finance for every kind of operator.
Different trucks earn in different ways, and lenders assess each type on its own merits. Here is how truck and heavy vehicle finance works across the vehicles we fund most across Melbourne and Australia-wide.
Prime movers and semis
Finance for new and used prime movers hauling linehaul, containers and heavy freight, from single-trailer combinations through to B-doubles. We work with lenders who can assess your contract income and BAS rather than just years of trading, which suits owner-operators taking on their first rig as well as fleets cycling ageing units.
Tippers and construction trucks
Funding for tipper trucks, concrete agitators, water trucks and crane trucks servicing the construction and civil sector. With the building boom across Melbourne's south-east growth corridor, we understand the project-based cash flow that comes with construction transport and structure finance to match.
Refrigerated and food transport
Finance for refrigerated trucks, chillers and food-grade vehicles for cold-chain and food and beverage delivery. These are specialised assets, and we match them to lenders who understand their value and how they earn across delivery runs.
Rigids, vans and light commercials
Funding for rigid trucks, pantechs, tilt trays, delivery vans and light commercial vehicles for couriers, tradies and general freight. Often the workhorses of a small business, financed so you can add capacity without draining your cash reserves.
Trailers and dog trailers
Finance for semi-trailers, dog trailers, tautliners, curtain-siders, flat tops and specialised trailers. Whether you are pairing a trailer to a new prime mover or expanding your carrying capacity, we arrange finance on the trailer alongside or separate to the truck.
Specialised and vocational trucks
Funding for tow trucks, waste and tip trucks, car carriers, livestock and timber haulers, and other vocational vehicles. Specialised trucks that banks sometimes shy away from are often exactly where a broker and the right specialist lender make the difference.
We finance all major makes, new or used, from dealers or private sale, including Kenworth, Volvo, Isuzu, Hino, Mack, Scania, Mercedes-Benz, DAF, UD, Fuso, Iveco and Western Star. For non-vehicle plant and machinery, see our equipment and machinery finance.
Choosing the right finance structure.
The structure you choose affects ownership, how the truck sits on your books, and how it is treated at tax time. We explain the options in plain language and help you pick one that fits, then your accountant can confirm the tax and GST treatment for your situation.
Chattel mortgage
You own the truck from the day it is delivered, and the lender holds a registered interest over it until the finance is paid out. It is one of the most common structures for transport operators because ownership sits with you from the start. Interest and depreciation are generally handled through your business accounts, and GST-registered businesses often claim the GST on the purchase price.
Finance lease
The lender buys the truck and leases it to you for an agreed term. You have full use of the vehicle and make regular lease payments, with options at the end of the term to take ownership, upgrade or continue leasing. This can suit operators who prefer to keep the asset off their balance sheet, depending on how they account for it.
Commercial hire purchase
The lender buys the truck and you hire it, making regular payments across the term. Ownership transfers to you automatically once the final payment is made. It sits between a chattel mortgage and a lease, and can suit operators who want a clear path to ownership with a fixed repayment structure.
Rental and operating lease
You pay to use the truck over a set period without the commitment of ownership. This can suit fleets that upgrade regularly or businesses covering a specific contract, and typically lets you return, upgrade or extend at the end of the term to keep your fleet current.
Not sure which structure fits? That is what we are here for. We will walk you through the practical differences based on the vehicle and your operation, and flag anything worth raising with your accountant before you commit.
Tax, GST and depreciation, in plain terms.
General information only. Tax outcomes depend on your business structure, how the vehicle is used and the current rules, so always confirm your position with your accountant or registered tax adviser.
Depreciation
When your business owns a financed truck, such as under a chattel mortgage, you can generally claim depreciation on it over time as the vehicle wears out across its working life. The interest portion of your repayments may also be deductible. How this applies depends on the finance structure and your circumstances.
GST
If your business is registered for GST, you may be able to claim the GST included in the truck purchase price through your Business Activity Statement, depending on the finance structure. This can improve your cash flow position in the period you make the claim. Your accountant can confirm timing and eligibility.
Instant asset write-off
The Federal Government's instant asset write-off can let eligible small businesses immediately deduct the cost of qualifying assets rather than depreciating them over several years. Thresholds, eligibility and timing change from year to year and are set by legislation, and larger vehicles may fall outside the threshold, so check the current rules on the ATO website and confirm with your accountant before relying on it.
Why timing matters
Because tax concessions are often tied to when an asset is first used or installed ready for use, the timing of a purchase can affect what you claim in a given financial year. Financing the truck can help you bring a needed purchase forward without tying up cash, but the tax treatment is a question for your accountant, not your broker.
This information is general in nature and does not take into account your objectives, financial situation or needs, and is not tax advice. Tax thresholds and eligibility rules change over time. Always check the current position with the ATO and your registered tax adviser before making a decision.
New, used, low-doc and what lenders look at.
New or used trucks
You can finance both, from dealers or private sale, including interstate purchases where the right model is available. Used truck finance is one of the most common forms of transport lending. The age, kilometres and type of the vehicle can affect the term and which lenders will consider it, and we match your purchase accordingly.
Low-doc and first-time operators
For some purchases, low-doc options may be available where full financial statements are not required, often assessed on your ABN, BAS, bank statements and the asset instead. Some lenders also work with newer operators taking on a first truck. We tell you upfront what you are likely to qualify for.
What lenders look at
Lenders typically consider your ABN and trading history, GST registration, whether you are property-backed, the truck itself as security, any forward contracts or work in hand, and your credit position. Every lender weighs these differently, which is exactly why comparing across a panel matters.
Spreading the cost, not the stress.
Instead of finding the full purchase price upfront, you fund the truck over its working life and keep cash free for fuel, registration and the next job. The points here are a simple illustration, not a quote or an offer. Your actual repayments depend on the lender, the asset, the term and your circumstances.
Illustrative only. Subject to lender approval, eligibility, fees, charges and terms and conditions. Not financial or tax advice.
Why use a truck finance broker?
A bank can only offer its own products at its own policy, and heavy vehicles are exactly the kind of asset banks are often cautious about. As brokers, we compare across a panel of lenders, including specialist transport financiers who read freight income, contracts and asset value the right way. When one lender says no, we have others to turn to, and we handle the paperwork and lender liaison so you can keep driving.
We are based in Pakenham and work with transport operators right across Melbourne's south-east, from the freight routes feeding the Port of Melbourne to the construction cartage moving through Casey and Cardinia, as well as Australia-wide. We know the owner-operators and fleets that keep this region moving, and you deal directly with us rather than a call centre. It is finance guidance from people who understand the business behind the truck.
Truck finance, answered.
What trucks can you finance?
Can I finance a used truck or a private sale?
Can I get truck finance as a first-time owner-operator?
Do I need a deposit?
How fast can I get approved?
Is low-doc truck finance available?
What loan terms are available?
Can I finance a whole fleet?
Is truck finance tax deductible?
Why use a broker instead of my bank?
Related finance.
Truck Finance Near You
Ready to finance your next truck?
Start a quick quote or call us directly. We compare lenders and handle the paperwork, so you keep driving the business.