Truck finance can help transport operators and businesses purchase or upgrade vehicles without using large amounts of working capital.
What can be financed?
Truck finance may cover:
- Prime movers
- Rigid trucks
- Trailers
- Tippers
- Refrigerated trucks
- Commercial vans and utes
What lenders assess
Lenders may review:
- Business trading history
- ABN and GST registration
- Bank statements
- Income and contracts
- Asset type and age
- Deposit or balloon amount
- Credit history
New vs used trucks
New trucks may attract stronger lender appetite, while older used trucks may require more deposit or shorter terms.
Balloon payments
A balloon payment can reduce monthly repayments, but it leaves a lump sum payable at the end of the term. It should be structured carefully based on cash flow.
How Nine Fincap can help
Nine Fincap assists with truck finance for owner-drivers, transport companies and growing businesses.
Need finance for a truck or fleet? Get Truck Finance Options with Nine Fincap.
Disclaimer
This information is general only. Truck finance is subject to lender approval, asset assessment and borrower eligibility.