Truck Finance Australia
Keep your business moving with competitive truck finance. From light commercials to prime movers, we compare 50+ banks and lenders to get you on the road faster.
Trucks We Finance
Prime Movers
Kenworth, Mack, Volvo, Scania and more
Rigid Trucks
Tray, tipper, curtainsider, refrigerated
Light Commercial
Vans, utes, small trucks under 4.5T
Specialty Vehicles
Tankers, cranes, concrete mixers
Truck Finance Options Compared
Choose the best finance structure for your trucking business.
| Feature | Chattel Mortgage | Finance Lease | Operating Lease |
|---|---|---|---|
| Ownership | From day one | At end of term | Never (rental) |
| GST Claim | Upfront | On each payment | On each payment |
| Balloon Option | Yes | Yes (residual) | N/A |
| Best For | Owner-operators | Fleet operators | Short-term needs |
| Typical Term | 3-7 years | 2-5 years | 1-3 years |
Truck Finance FAQs
What types of trucks can I finance?
We finance all truck types including light commercial vehicles, rigid trucks, prime movers, tipper trucks, refrigerated trucks, tray trucks, and specialty vehicles. Both new and used trucks qualify, with used trucks typically up to 15 years old.
What are current truck finance interest rates?
Truck finance rates vary by lender, business history, credit profile, truck age and type, and deposit. Prime movers and newer trucks are often priced differently because of resale value. A specialist confirms your actual rate after assessment. Not all applicants are approved.
Can I finance a truck for my new business?
Yes, we have lenders who specialise in financing trucks for new businesses. You may need to provide a larger deposit (20-30%) and demonstrate industry experience. ABN registered for 6+ months is usually the minimum requirement.
What's the maximum term for truck finance?
Truck finance terms typically range from 2 to 7 years. Longer terms mean lower repayments but more interest paid overall. We recommend matching the term to the expected working life of the truck for optimal cash flow.
Is balloon payment available for truck finance?
Yes, balloon or residual payments are common in truck finance, especially for chattel mortgages. A balloon reduces your monthly payments but requires a lump sum at the end. This suits businesses wanting maximum cash flow during the loan term.