Truck & trailer finance that goes the distance
Light rigids to prime movers, tippers to fridge bodies: your broker uses transport-specialist lenders.
- Free to compare
- A specialist partner broker, start to finish
- No credit score impact
Typical ranges only. Actual limits depend on the lender and your circumstances.
Example rate only: not a comparison rate, quote or offer of credit. Your rate depends on your credit profile, the lender and the asset. Excludes fees and charges.
How truck & trailer finance works with us
Transport runs on tight margins and reliable gear. Finance should match how you earn: contracts, owner-driver runs or a fleet.
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Your broker can access transport-specialist lenders, including for first-time owner-drivers and older trucks others might decline.
- Light and medium rigids
- Prime movers
- Tippers
- Refrigerated trucks
- Tilt trays and tow trucks
- Bodies and fit-outs
- Trailers, tippers and semi-trailers
Transport specialists
Lenders who understand contracts, routes and seasonal income.
First-time owner-drivers
Options for experienced drivers starting their own business.
Bodies and fit-outs
Include tipper bodies, fridge units or tilt trays.
Fleet facilities
Finance multiple trucks under one arrangement as you grow.
Truck finance for owner-drivers, fleets and transport contractors
Truck lenders usually assess the truck, the work and the driver. First-time owner-drivers are financed regularly but may need a deposit, contract or proof of experience; established operators may access larger facilities.
Read the full explanation
Truck lenders usually look at three things: the truck, the work and the driver. On the truck side, they consider make, age, kilometres and body type, as tippers, tautliners and refrigerated bodies all have different resale markets. On the work side, a contract with a transport company, a regular run or a history of steady invoices helps. On the driver side, they look at licence class, years of heavy vehicle experience and any previous truck ownership.
First-time owner-drivers are financed regularly, but lenders may ask for a deposit, a contract or evidence of driving experience. Established operators adding to a fleet may access larger facilities or a master agreement that makes buying the next truck simpler. Prime movers and trailers can be financed together or separately. Your broker can help you decide what to bundle and what to keep separate, so you can sell or upgrade individual units later.
- Owner-drivers buying their first truck
- Operators growing a fleet
- Tradies and civil contractors needing tippers
- Buyers of trucks with fitted bodies
Pros and watch-outs
Pros
- Lenders experienced with transport and owner-drivers
- Bodies and fit-outs can be included
- Fleet facilities for growing operators
- Some lenders consider older trucks
Watch-outs
- !First-time owners may need a deposit or contract
- !Older or high-kilometre trucks may get shorter terms
- !Large balloons can be hard to refinance on worn trucks
Costs and fees to compare
The interest rate is only part of the cost. Ask your broker to show these side by side.
Interest
Set by the lender on the truck, contract and your experience.
Body and fit-out
Invoiced tippers, fridges, tail lifts and cranes may be financed, raising the loan.
Fees
Establishment and account fees vary by lender.
Balloon
Common on trucks to cut repayments; plan for it at term end.
Registration and insurance
Heavy vehicle rego and insurance are big costs to budget alongside repayments.
Tips to strengthen your application
- 1Bring your contract or a work letter from the transport company
- 2Get a mechanical inspection on used trucks
- 3Consider the truck’s end-of-term condition when setting a balloon
- 4Have your licence and work history ready
What you’ll need
What you’ll need
- ABN and business registration
- Driver's licence (each director or owner)
- Recent business bank statements
- BAS or financials (full-doc loans)
- Asset invoice or quote
- Evidence of contracts or work lined up (if available)
What lenders look for
- Active ABN (some lenders want 12+ months; others accept newer)
- GST registration for larger or low-doc deals
- Mainly business use (usually over 50%)
- Clear owner or director credit, or a good explanation for issues
First chat to funds in four steps
How it works in detail →- 1Tell us what you’re after
- 2Meet your broker
- 3Compare and choose
- 4We handle the rest
Truck & trailer finance: common questions
Can a first-time owner-driver get truck finance?
Yes, with the right lender. Experience driving, a contract or work lined up, and a deposit all help.
How old can the truck be?
It varies. Some lenders cap age at the end of the term. Specialists can finance older trucks in good condition.
Do I need a heavy vehicle licence?
Lenders generally expect the driver to hold the right licence class. If you will employ drivers, tell your broker.
Can I include the trailer?
Yes, trailers can be financed with the truck or separately.
How much deposit do I need for truck finance?
It depends on the lender, your experience and the truck. Established operators may not need one, while first-time owner-drivers or older trucks may need a deposit or trade-in. Your broker can tell you what each lender is likely to want.
Can I finance a truck bought at auction?
Yes, some lenders finance auction purchases, but you usually need pre-approval in place before bidding because settlement times are short. The lender may also have age and condition limits. Talk to your broker before auction day.
Can I get truck finance without a contract?
Some lenders will consider it if you have strong driving experience, a history of work or a deposit. A contract can make it easier, but it is not always essential. It depends on the lender's policy.
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