Truck & Transport Finance
Truck and transport finance is essential for logistics and freight businesses looking to expand their fleet or replace aging vehicles. This type of finance uses the vehicle itself as security, allowing for terms that reflect the heavy-duty nature and resale value of transport assets. When you enquire, we compare options across lenders who specialize in 'yellow goods' and heavy haulage. They look at your haulage contracts, your ABN history, and the age of the vehicle. The main trade-off in transport finance is between the interest rate and the age of the truck; older vehicles may attract higher rates but lower purchase prices, while new prime movers offer better rates but larger loan amounts. Our referral process helps you navigate these variables by presenting clear, indicative options from a wide panel of financiers.
When it makes sense
- Prime movers and heavy trucks
- Pantech and refrigerated trailers
- Flatbed and drop-deck trailers
- Tipper trucks and earthmoving haulers
- Courier vans and light commercials
- Buses and coaches
- Specialised logistics equipment
- Fleet car packages for staff
Indicative terms
| Amount range | 0,000 to $5,000,000+ (indicative) |
| New vs second-hand | Both accepted up to 15 years old (indicative) |
| Deposit | 0% to 20% options (indicative) |
| Indicative rate range | 6.75% – 11.50% p.a. (indicative) |
| Term | 2 to 7 years (indicative) |
| Residual/balloon | Up to 35% available (indicative) |
| Documentation | Low doc for established ABNs (indicative) |
| Settlement time | 24 to 72 hours (indicative) |
How it works
- Fleet Requirements — Provide details on the vehicle or fleet you're looking to finance, along with your business's transport history and current contracts.
- Lender Shortlist — We compare the heavy vehicle policies of major banks and specialist transport financiers to find the best match for your specific haulage type.
- Streamlined Application — For many established transport businesses, we can secure approvals using 'Low Doc' pathways that require minimal financial statements.
- Vehicle Settlement — Upon approval, the financier handles the payment to the dealer or private seller, getting your vehicle on the road as quickly as possible.