Truck fleet financing gives Australian transport businesses a way to add, replace or upgrade multiple commercial vehicles without paying the full cost of every truck upfront.

For a growing operator, fleet expansion usually happens because there is more work to complete.

That might mean adding another prime mover after winning a linehaul contract, purchasing several rigid trucks for a new distribution route, bringing subcontracted work in-house or replacing older trucks that are becoming expensive to keep on the road.

The finance needs to support that growth without creating unnecessary pressure on working capital.

The Asset Finance Shop (TAFS) is a specialised asset finance broker with access to more than 80 bank and non-bank lenders. TAFS arranges commercial truck loans for owner-operators moving beyond their first truck, established transport businesses growing their fleets and larger operators replacing multiple vehicles.

This guide explains how truck fleet financing works in Australia, what lenders assess, how multiple vehicles can be funded and what businesses should consider before taking on additional fleet debt.

What Is Truck Fleet Financing?

Truck fleet financing is commercial asset finance used by a business to purchase, add or replace commercial vehicles.

It can be used to:

• Add a second truck
• Add several trucks at once
• Finance vehicles for a new contract
• Replace ageing trucks
• Expand into another region
• Add another delivery route
• Purchase additional prime movers
• Finance rigid trucks
• Add tippers
• Purchase trailers
• Increase refrigerated transport capacity
• Bring subcontracted work into the business

Fleet finance does not mean you need to operate a large national fleet.

An owner-driver moving from one prime mover to two is beginning a fleet expansion.

A transport business operating eight trucks and replacing three older vehicles is also making a fleet finance decision.

The right structure depends on the business, existing fleet, contracts, cash flow and vehicles being purchased.

How Do You Finance a Fleet of Trucks?

Financing a fleet usually starts with the business rather than the individual vehicles.

A lender generally wants to understand:

1. What the transport business does
2. How many trucks it currently operates
3. How those vehicles are being used
4. Why additional trucks are required
5. What work the new vehicles will complete
6. What the business already owes
7. How much additional debt is proposed
8. Whether the expanded operation can support the new repayments

For example, imagine a transport business currently operates:

Existing fleet: 6 trucks
New contract: Requires 4 additional trucks
Proposed fleet: 10 trucks

The lender may consider:

• Existing contract revenue
• Value of the new contract
• Current turnover
• Existing truck repayments
• Current repayment history
• Driver availability
• Expected utilisation
• Maintenance costs
• Purchase prices
• New repayments
• Total fleet debt after settlement

The assessment is no longer simply:

Can this business afford another truck?

It becomes:

Can this business sustainably operate and finance a ten-truck fleet?

Who Uses Truck Fleet Finance?

Fleet financing can suit transport businesses at several stages of growth.

Owner-Operators Adding a Second Truck

Moving from one truck to two can be a major step.

The second vehicle may allow the business to:

• Accept more freight
• Add another route
• Employ another driver
• Reduce subcontractor costs
• Service another customer
• Take advantage of existing demand

The lender may look at:

• Income generated by the first truck
• Existing repayment history
• Additional work
• Driver arrangements
• Expected income from the second truck

A good payment record on the first vehicle can help demonstrate that the business already understands commercial truck finance.

Interstate Transport Businesses

Interstate operators may use fleet finance to purchase:

• Prime movers
• Trailers
• B-double combinations
• Refrigerated equipment
• Replacement trucks

The lender may consider:

• Regular routes
• Customer contracts
• Existing fleet utilisation
• Additional freight volumes
• Driver availability
• Current truck repayments

Courier and Distribution Fleets

Courier and distribution businesses may need:

• Light rigid trucks
• Medium rigid trucks
• Heavy rigid trucks
• Pantechnicons
• Refrigerated trucks
• Vans

Fleet growth may happen gradually as delivery volumes increase.

Civil and Earthmoving Transport Businesses

Civil operators may finance:

• Tippers
• Water trucks
• Vacuum trucks
• Service trucks
• Prime movers
• Trailers

A new civil project can create the need for several vehicles at the same time.

Refrigerated Transport Businesses

Fleet finance can also be used for:

• Refrigerated rigid trucks
• Prime movers
• Refrigerated trailers
• Delivery vehicles

The finance application may be structured around existing customer contracts and expected utilisation.

What Trucks Can Be Included in Fleet Finance?

TAFS can arrange eligible business vehicle financing for a broad range of commercial transport assets.

This can include:

• Prime movers
• Rigid trucks
• Tippers
• Refrigerated trucks
• Crane trucks
• Tilt trays
• Pantechnicons
• Concrete trucks
• Tow trucks
• Water trucks
• Waste trucks
• Vacuum trucks
• Courier trucks
• Vans
• Utes
• Trailers
• Dollies
• Service vehicles

Both new and used commercial vehicles can potentially be financed.

Selected lenders can also consider trucks purchased through:

• Dealerships
• Private sellers
• Auctions

Can You Finance Multiple Trucks at Once?

Yes.

Established transport businesses can potentially finance several commercial vehicles as part of the same expansion or replacement program.

The lender will usually want to understand why the business needs multiple vehicles at the same time.

Common reasons include:

• New transport contract
• New customer
• Increased freight volumes
• Expansion into another region
• Additional delivery routes
• Replacing subcontractors
• Several ageing vehicles reaching replacement stage

The more vehicles being financed, the more important the wider business position becomes.

Example: Financing Four Additional Trucks

Consider a transport company operating six trucks.

It wins a new contract that requires another four vehicles.

The application may include:

Existing fleet: 6 trucks
New trucks: 4
Final fleet: 10 trucks
Reason: New contracted work

The lender may assess:

• Existing revenue
• New contract value
• Current business bank statements
• Current fleet repayments
• Repayment history
• Purchase price of the four vehicles
• Driver costs
• Fuel costs
• Maintenance
• Insurance
• Working capital
• Total proposed finance

The lender wants confidence that the additional contract income supports the complete expansion.

Fleet Expansion vs Fleet Replacement

These are two different finance scenarios.

Fleet Expansion

Expansion increases the number of working vehicles.

For example:

Current fleet: 5 trucks
New trucks: 3
New fleet: 8 trucks

The business should be able to explain:

• Where the extra work comes from
• Who will drive the trucks
• How much additional revenue is expected
• What additional operating costs will apply

Fleet Replacement

Replacement may leave the number of trucks unchanged.

For example:

Current fleet: 10 trucks
Older trucks sold: 3
Replacement trucks: 3
Final fleet: 10 trucks

The purpose may be to:

• Reduce downtime
• Reduce maintenance
• Improve reliability
• Improve fuel efficiency
• Meet customer requirements
• Standardise the fleet

A fleet replacement application therefore presents differently from an expansion application.

When Should a Business Add Another Truck?

Another truck should generally solve a clear capacity issue or support additional income.

Possible signs include:

• Existing trucks are consistently at capacity
• Work is being turned away
• Subcontractors are regularly being used
• A new contract has been awarded
• Customer freight volumes have increased
• Another region or route is being added
• The business is unable to service available work with the existing fleet

Before financing another vehicle, ask:

What additional work does this truck allow us to complete?

That should have a clear answer.

Adding a Truck vs Using Subcontractors

Transport businesses often reach a point where they need to decide whether to continue subcontracting or add another company-owned vehicle.

Subcontracting

This can provide:

• Flexible capacity
• No new truck debt
• No additional vehicle maintenance
• Less driver management

Owning Another Truck

This can potentially provide:

• Greater control over availability
• Greater control over scheduling
• More fleet capacity
• More control over service
• Ability to retain more revenue from the work

But it also introduces:

• Truck repayments
• Driver wages
• Diesel
• Insurance
• Registration
• Maintenance
• Tyres
• Downtime risk

Compare the complete cost rather than only the new truck repayment.

What Do Lenders Assess for Fleet Truck Finance?

Fleet transactions involve more moving parts than a single commercial truck loan.

1. Existing Fleet

The lender may want to know:

• Number of trucks
• Vehicle types
• Age of vehicles
• Current finance balances
• Current repayments
• Trucks owned outright
• Vehicles due for replacement

This provides a clear picture of the current fleet position.

2. Fleet Utilisation

A business where every truck is consistently working can present differently from one with vehicles sitting unused.

The lender may look at:

• Current routes
• Customer demand
• Freight volumes
• Truck utilisation
• Existing subcontracting
• New work

3. Business Turnover

The lender needs to understand how much income the current fleet is generating.

Depending on the application, this may be demonstrated through:

• Bank statements
• Financial statements
• BAS
• Tax returns
• Contracts

4. Contract Income

Where trucks are being added because of new work, contract information can help demonstrate the commercial reason for the expansion.

This could include:

• Signed contracts
• Customer agreements
• Purchase orders
• Work source agreements
• Customer correspondence

5. Driver Availability

Another truck only produces income when there is someone available to drive it.

The lender may want to understand:

• Whether drivers have been recruited
• Expected wage costs
• Whether the owner will drive one vehicle
• Whether subcontractor arrangements are changing

This becomes particularly important where several trucks are being added at once.

6. Existing Repayment History

Good conduct on existing commercial vehicle loans can support an expansion application.

It shows the business has already managed truck finance successfully.

7. Working Capital

An expanded fleet creates costs before all customer invoices have necessarily been paid.

The business may need working capital for:

• Diesel
• Wages
• Tyres
• Insurance
• Registration
• Servicing
• Repairs
• Tolls

The lender may consider how much cash remains available after the vehicle purchases.

8. Total Proposed Debt

The lender looks at the complete financial position after the fleet expansion.

For example:

Existing fleet finance: $700,000
New finance: $400,000
Total fleet finance after expansion: $1.1 million

The business needs to support the complete debt position, not only the repayment attached to the latest vehicles.

How Important Is Working Capital When Expanding a Fleet?

Very.

One of the biggest mistakes a growing transport business can make is focusing entirely on getting the vehicles and not leaving enough cash to operate them.

A new truck may begin working immediately.

But the customer might pay:

• 14 days later
• 30 days later
• 45 days later

During that period, the business may already need to pay:

• Driver wages
• Fuel
• Insurance
• Registration
• Tolls
• Servicing

This is why the finance structure should consider both the truck purchase and what happens after settlement.

Do You Need a Deposit for Fleet Truck Finance?

Not always.

Deposit requirements can depend on:

• Business trading history
• Existing fleet
• Finance amount
• Credit profile
• Repayment history
• Contracts
• Vehicle values
• Lender

An established fleet business with a strong repayment history may have different options from an operator buying a second truck.

Should You Put Down the Largest Deposit Possible?

Not necessarily.

A larger deposit can reduce:

• Amount financed
• Repayment
• Total finance cost

But it also reduces available cash.

Consider a business purchasing three trucks.

If it contributes a very large cash deposit, it may have less money available for:

• Initial fuel
• New drivers
• Insurance
• Registration
• Repairs
• Working capital

The deposit needs to make sense alongside the operational cost of expanding the fleet.

Can Trade-In Equity Be Used?

Yes.

Equity in existing trucks may potentially contribute toward replacement vehicles.

For example:

Trade-in value: $150,000
Existing finance payout: $90,000
Potential equity: $60,000

That $60,000 may contribute toward the replacement purchase.

For businesses replacing several vehicles, reviewing trade-in equity across the fleet can significantly change the amount that needs to be financed.

What Finance Structure Does TAFS Mainly Use for Truck Fleets?

TAFS primarily arranges truck finance using a chattel mortgage.

Under a chattel mortgage:

• The business owns the vehicle from settlement
• The lender registers security over the truck
• The finance is repaid over an agreed term
• A deposit may be included
• Trade-in equity can contribute
• A balloon payment may be available
• The lender removes its security once the finance is repaid

This structure can be used for eligible new and used commercial trucks.

What About Truck Leasing?

Truck leasing is another funding structure available in the Australian commercial finance market.

However, TAFS primarily focuses on chattel mortgage finance for commercial trucks.

Businesses comparing truck leasing with chattel mortgage should consider:

• Ownership
• Repayments
• End-of-term position
• Total finance cost
• Planned replacement cycle
• Tax treatment

For businesses that intend to own their vehicles, chattel mortgage provides ownership from settlement while the lender holds security over the truck.

Speak with your accountant about the tax treatment applying to different structures.

Can Fleet Finance Include Balloon Payments?

Potentially.

A balloon is an agreed amount left outstanding at the end of the finance term.

For example:

Truck finance: $200,000
Term: 5 years
Balloon: $40,000

Leaving $40,000 outstanding generally reduces the regular repayment.

For a growing fleet, this may help preserve cash flow for:

• Diesel
• Driver wages
• Insurance
• Registration
• Maintenance
• Additional vehicles

The trade-off is that a larger amount remains at the end.

How Should a Fleet Balloon Be Set?

A balloon should consider:

• Truck age
• Annual kilometres
• Expected future value
• Finance term
• Expected replacement date
• Expected trade-in value

For example, a fleet that replaces prime movers on a planned cycle may structure finance differently from a business intending to keep the vehicles for a long time.

The goal should not simply be the lowest possible repayment.

Should Fleet Trucks Be Financed Together or Separately?

It depends on the business.

Several trucks can form part of the same fleet expansion while still having separate finance facilities.

Separate facilities can make it easier to track each vehicle's:

• Balance
• Repayment
• Balloon
• Finance term
• Replacement date

This can be useful where different vehicles will be replaced at different times.

A broader fleet structure may also make sense where the business regularly buys and replaces several trucks.

The right approach depends on:

• Number of vehicles
• Purchase timing
• Existing finance
• Replacement cycle
• Cash flow
• Lender requirements

Should Fleet Purchases Be Staged?

Sometimes.

A business may require five additional trucks but not need every vehicle immediately.

For example:

Month 1: Add two trucks
Month 3: Add two more
Month 5: Add the final truck

Staging purchases can help the business:

• Match trucks with contract commencement
• Recruit drivers gradually
• Reduce immediate working capital pressure
• Monitor the expanded operation
• Avoid unused vehicles sitting in the yard

Other contracts may require the complete fleet from day one.

The purchase strategy should follow the operational requirement.

Can Fleet Finance Cover Used Trucks?

Yes.

Selected lenders can finance used commercial trucks.

The lender may consider:

• Age
• Kilometres
• Condition
• Purchase price
• Market value
• Expected working life

Used trucks may reduce the purchase price compared with equivalent new vehicles.

However, businesses should also allow for:

• Maintenance
• Repairs
• Tyres
• Downtime
• Remaining operating life

Can Trucks Be Purchased Privately?

Potentially.

Selected lenders can finance trucks purchased directly from private sellers.

Additional checks may include:

• Seller identity
• Ownership
• VIN
• Registration
• Existing finance
• Purchase price
• Market value

A valuation or inspection may also be required.

Can Fleet Vehicles Be Bought at Auction?

Potentially.

Selected lenders can finance eligible auction purchases.

An initial assessment before bidding can help establish:

• Approximate borrowing position
• Deposit requirement
• Acceptable truck ages
• Finance terms
• Lender conditions

Final approval remains subject to the vehicles purchased.

Can Trucks Be Purchased From Different Sellers?

Potentially.

A fleet expansion could include:

• Two trucks from one dealership
• A used prime mover from another dealer
• A trailer from a private seller

Each asset may involve slightly different settlement requirements.

TAFS can coordinate the overall finance process.

Can Fleet Finance Include Trailers?

Yes.

Commercial fleet loans can potentially include:

• Semi-trailers
• Tautliners
• Flat tops
• Refrigerated trailers
• Tipper trailers
• Dollies
• Other commercial transport equipment

A prime mover and trailer combination can be considered as part of the overall fleet strategy.

Can Low Doc Fleet Finance Be Available?

Potentially.

Selected lenders may assess eligible applications using recent business bank statements and other current information instead of complete financial statements.

Low doc applications may use:

• Bank statements
• ABN history
• Current contracts
• Existing fleet repayment history
• Credit profile
• Current business activity

Larger fleet transactions may require more detailed financial information.

Low doc does not mean no assessment.

What Documents Are Needed for Fleet Truck Finance?

Requirements depend on the business and transaction.

For an initial assessment, useful information can include:

• Driver's licence
• ABN and company details
• Business bank statements
• Current truck finance
• Existing repayments
• Current fleet details
• Assets and liabilities
• Current contracts
• Proposed new contracts
• Proposed vehicle details
• Purchase prices
• Trade-in information

Larger transactions may also require:

• Financial statements
• BAS
• Tax returns
• Fleet schedule
• Contracts
• Accountant information

Not every application requires every document.

What Is a Fleet Schedule?

A fleet schedule provides a clear summary of the vehicles operated by the business.

For example:

For larger operators, this can help the lender understand:

• Current fleet
• Current debt
• Truck equity
• Repayments
• Replacement timing

It can also help the business plan future fleet purchases.

How Fast Can Fleet Truck Finance Be Approved?

Straightforward commercial truck applications can be approved in as little as 24 hours where the required information is available.

Larger fleet transactions can take longer because the lender may need to assess:

• Multiple vehicles
• Larger finance amount
• Contracts
• Existing fleet
• Driver arrangements
• Financial information
• Trade-ins
• Existing debt

Preparing the information early can improve approval speed.

Does a Fast Approval Mean Immediate Settlement?

Not necessarily.

Approval and settlement are different stages.

After approval, the lender may still need:

• Final invoices
• Vehicle details
• Insurance
• Existing finance payouts
• Seller verification
• Valuation
• Inspection
• Signed finance documents

A fleet involving several trucks can have several settlement requirements happening at the same time.

Can Fleet Finance Work With ATO Debt?

Potentially.

Selected lenders may consider businesses with ATO debt.

The lender may assess:

• Amount owing
• Payment arrangement
• Payment conduct
• Business cash flow
• Existing truck repayments
• Proposed new finance

The complete financial position matters.

Can Fleet Finance Work With Previous Credit Issues?

Potentially.

Different lenders have different credit policies.

The available options may depend on:

• Type of credit issue
• When it occurred
• Whether it has been resolved
• Current conduct
• Existing truck repayment history
• Business cash flow
• Overall fleet position

TAFS can review the credit position before making the formal lender application.

Can a Business Finance a Second Prime Mover?

Yes.

An established owner-operator can potentially finance another prime mover.

The lender may consider:

• Existing truck income
• Repayment history
• Current contracts
• Additional work
• Driver arrangements
• Expected income
• Existing debts
• Proposed new repayment

The second truck should have a clear commercial purpose.

Can a Business Finance Four or Five Trucks at Once?

Potentially.

The lender will generally want to understand:

• Why that many trucks are required
• What contracts support them
• When they begin earning income
• Whether drivers are available
• Total purchase price
• Existing debt
• Available working capital
• Overall repayment capacity

The larger the transaction, the more important the complete business position becomes.

Example: Owner-Operator Growing From One Truck to Three

Consider an owner-driver who currently operates one prime mover.

The business has enough additional work to support two more trucks.

The expansion plan may involve:

Current fleet: 1 truck
Additional trucks: 2
Final fleet: 3 trucks

The lender may consider:

• Income generated by the existing truck
• Current repayment history
• New freight work
• Expected revenue
• Two additional drivers
• Driver wages
• Fuel
• Insurance
• New truck repayments
• Available working capital

Moving from one truck to three changes the business significantly.

The finance needs to support the complete operating model.

Example: Replacing Three Ageing Trucks

Consider a fleet operating 12 trucks.

Three vehicles are creating increasing downtime and repair costs.

The business plans to replace those three vehicles.

The finance assessment may consider:

• Current trade-in values
• Current finance payouts
• Available equity
• Replacement truck prices
• Current repayment history
• Reduced maintenance
• Reduced downtime

The business is not increasing fleet size.

It is improving the quality and reliability of the existing fleet.

Example: Expanding for a New Transport Contract

A transport company wins a contract requiring five additional rigid trucks.

The business may need to demonstrate:

• Contract commencement date
• Contract value
• Expected freight volumes
• Driver availability
• Vehicle purchase prices
• Additional wages
• Fuel requirements
• Existing debt
• Working capital

Where the vehicles will begin generating income immediately under secured work, that can help explain the expansion.

What Should You Calculate Before Expanding a Fleet?

Do not only calculate the new loan repayments.

Review the total additional monthly cost.

This may include:

Vehicle Finance

• Truck repayments
• Trailer repayments

Drivers

• Wages
• Superannuation
• Other employment costs

Vehicle Operation

• Diesel
• AdBlue
• Tyres
• Servicing
• Registration
• Insurance
• Tolls

Working Capital

• Delay before customers pay
• Unexpected repairs
• Initial operating costs
• Quiet periods

Then compare those expenses against expected additional revenue.

Fleet Finance Questions to Ask Before Applying

Before expanding or replacing a fleet, ask:

1. Why are we adding or replacing these trucks?
2. What work will each vehicle perform?
3. Is the additional work already secured?
4. When does the new work begin?
5. Are drivers available?
6. What are our existing truck repayments?
7. What is the payout on vehicles being replaced?
8. What trade-in equity is available?
9. How much finance is required?
10. Should the trucks be financed separately?
11. Should purchases be staged?
12. Is a deposit required?
13. Can the full purchase price be financed?
14. What finance terms are available?
15. Is a balloon appropriate?
16. What will the total monthly fleet repayment be?
17. What additional fuel costs will apply?
18. What additional wages will apply?
19. What will insurance cost?
20. What maintenance should be allowed for?
21. How much working capital should remain in the business?
22. Can used trucks be financed?
23. Can private-sale trucks be financed?
24. Can auction purchases be financed?
25. What documentation will the lender require?
26. How quickly can the vehicles be settled?

How TAFS Arranges Fleet Truck Finance

Step 1: Review the Existing Fleet

TAFS can review:

• Current vehicles
• Existing finance
• Current repayments
• Vehicle values
• Finance payouts
• Trucks due for replacement

Step 2: Understand the Expansion

TAFS looks at why the business needs additional vehicles.

This may include:

• New contracts
• Increased customer demand
• Additional routes
• Interstate expansion
• Replacing subcontractors
• Fleet replacement

Step 3: Review the Business

TAFS can assess:

• ABN history
• Business turnover
• Bank statement activity
• Existing debts
• Contracts
• Credit position
• Working capital

Step 4: Soft Credit Check

TAFS starts with a soft credit check that leaves no formal enquiry on the applicant's credit file.

Step 5: Internal Credit Review

The internal credit team reviews the proposed fleet transaction before a formal lender submission.

Step 6: Compare Suitable Lenders

TAFS has access to more than 80 bank and non-bank lenders.

Different lenders may suit different:

• Fleet sizes
• Finance amounts
• Vehicle ages
• Documentation levels
• Credit profiles
• Purchase methods

Step 7: Structure the Fleet Finance

TAFS can review:

• Purchase prices
• Deposits
• Trade-ins
• Finance amounts
• Terms
• Repayments
• Balloon payments
• Purchase timing

Step 8: Submit One Formal Application

Once a suitable option is selected, the formal application is submitted to the chosen lender.

Step 9: Approval and Settlement

TAFS coordinates the remaining lender, seller and vehicle requirements through to settlement.

Where multiple trucks are being purchased, settlements may occur together or in stages depending on the transaction.

Frequently Asked Questions

What Is Truck Fleet Financing?

Truck fleet financing is commercial asset finance used to purchase, add or replace multiple business vehicles.

It can be used by owner-operators growing beyond one truck as well as larger transport fleets.

How Do I Finance a Fleet of Trucks?

Start by reviewing your current fleet, existing finance, business cash flow and reason for purchasing additional vehicles.

The lender can then assess the total proposed fleet position rather than considering each truck in isolation.

Can I Finance Multiple Trucks at the Same Time?

Yes.

Established businesses can potentially finance several trucks as part of one expansion or replacement program.

Can I Finance a Second Truck?

Yes.

The lender may consider income from the current truck, repayment history, additional work, driver arrangements and the expected income from the second vehicle.

Can I Finance Four or Five Trucks?

Potentially.

The business needs to demonstrate that the vehicles are required and that the complete finance and operating costs can be supported.

Do I Need a Deposit?

Not always.

Deposit requirements depend on the business, fleet, finance amount and lender.

Can Trade-In Equity Be Used?

Yes.

Equity remaining after the finance on existing trucks has been paid out may potentially contribute toward replacement vehicles.

Can Fleet Finance Include a Balloon?

Potentially.

A balloon can reduce regular repayments but creates a larger final amount payable.

It should be structured around each truck's expected future value and replacement plan.

Can Fleet Truck Finance Preserve Working Capital?

Yes.

Financing allows the business to spread the purchase cost rather than using the full amount of cash upfront.

The business can retain more working capital for expenses such as fuel, wages, maintenance and insurance.

Can Used Trucks Be Included?

Yes.

Selected lenders finance eligible used commercial vehicles.

Truck age, kilometres, condition and value can affect the available options.

Can I Buy Fleet Trucks From Private Sellers?

Potentially.

Selected lenders finance eligible private-sale commercial vehicles.

Additional seller, ownership and vehicle checks may apply.

Can I Buy Fleet Vehicles at Auction?

Potentially.

Selected lenders finance eligible auction purchases.

Completing an assessment before bidding can help establish your likely finance position.

Can Fleet Finance Include Trailers?

Yes.

Eligible trailers and related commercial transport equipment can form part of the fleet finance strategy.

Is Low Doc Fleet Finance Available?

Potentially.

Selected lenders may use recent business bank statements and supporting information where complete current financial statements are unavailable.

Larger fleet transactions may require additional documents.

What Is the Main Fleet Finance Structure TAFS Arranges?

TAFS primarily arranges chattel mortgage finance for eligible commercial trucks.

The business owns the vehicles from settlement while the lender holds security over them until the finance is repaid.

What About Truck Leasing?

Truck leasing is available in the broader commercial finance market.

TAFS primarily focuses on chattel mortgage truck finance.

Businesses comparing leasing with chattel mortgage should consider ownership, repayments, end-of-term obligations and overall finance cost.

Can Fleet Finance Be Approved in 24 Hours?

Straightforward commercial truck applications can be approved in as little as 24 hours once the required information is available.

Larger multi-vehicle transactions may require additional assessment.

Can I Get Fleet Finance With ATO Debt?

Potentially.

Selected lenders may consider ATO debt depending on the amount owing, payment arrangement, cash flow and complete financial position.

Can I Get Fleet Finance With Previous Credit Issues?

Potentially.

Different lenders have different credit policies.

Available options depend on the nature of the issue and complete application.

Does TAFS Submit the Application to Multiple Lenders?

No.

TAFS reviews the application through its internal credit process, compares suitable lender criteria and then submits the formal application to the selected lender.

Grow Your Fleet With TAFS

Fleet expansion should increase the capacity and earning potential of the transport business, not simply increase the amount it owes.

The right truck fleet financing structure needs to work alongside contract income, driver costs, fuel, maintenance, insurance, current truck repayments and the working capital required to keep the larger fleet operating.

TAFS can review your current vehicles, existing finance, available trade-in equity and expansion plans before comparing suitable commercial truck loans through access to more than 80 bank and non-bank lenders.

The Asset Finance Shop (TAFS) is a commercial asset finance brokerage based in Sydney.
Information on this page is general in nature and doesn't take your personal circumstances into account. Speak to a TAFS broker for options tailored to your business, and to your accountant regarding tax treatment.