Truck loan refinancing can reduce monthly repayments for Australian owner-operators and transport businesses by replacing an existing truck loan with a new finance facility.

Lower repayments can come from a lower interest rate, a longer finance term, a different balloon payment or a combination of these changes. The important part is working out whether the new structure actually improves the business's position once the existing payout, lender costs, remaining loan term and total amount repayable are considered.

For a transport business, reducing a truck repayment can leave more working capital available for fuel, tyres, servicing, insurance, wages and unexpected repairs. But a lower monthly repayment does not automatically mean cheaper finance overall.

The Asset Finance Shop (TAFS) can assess an existing truck loan, review the business and compare refinancing options through access to more than 80 bank and non-bank lenders.

This guide explains how truck loan refinancing works, how repayments can be reduced, what lenders assess, what to do after a previous application decline and how to compare a refinance properly before proceeding.

What Is Truck Loan Refinancing?

Truck loan refinancing means replacing your existing truck finance with a new finance facility.

The new lender pays out the amount owing to the current lender.

From that point, you make repayments under the new finance agreement.

A transport business may consider refinancing to:

• Lower monthly repayments
• Seek a more suitable interest rate
• Extend or adjust the remaining finance term
• Change the balloon payment
• Improve monthly cash flow
• Move to a lender better suited to the business
• Restructure several truck loans
• Release eligible equity from a truck
• Simplify existing finance arrangements

The key question is whether the new finance provides a meaningful benefit after all costs are considered.

Can I Refinance My Truck Loan to Lower Repayments?

Yes.

Truck loan refinancing can potentially reduce monthly repayments.

There are three main ways this usually happens:

1. A lower interest rate
2. A longer finance term
3. A different balloon payment

Sometimes all three are used together.

For example, a business with three years remaining on its current truck loan might refinance the outstanding balance over a new five-year term.

The monthly repayment will generally fall because the outstanding amount is being spread over more repayments.

However, the business will also remain in debt for longer.

That is why the new repayment should never be assessed by itself.

How Can Refinancing Lower Monthly Truck Repayments?

1. Lower Interest Rate

If the business qualifies for a more suitable interest rate than when the truck was originally financed, the interest component of the repayment may fall.

A business may now present more strongly because it has:

• Longer trading history
• Higher turnover
• More stable income
• Strong truck loan repayment history
• Improved credit conduct
• Lower overall debt
• More business assets
• Better financial documentation
• Stronger customer contracts

The available rate will still depend on the lender, truck and complete application.

A lower interest rate is not guaranteed simply because you refinance.

2. Extend the Finance Term

Extending the term spreads the outstanding loan across more repayments.

For example:

Existing balance: $120,000
Remaining term: 3 years

Refinancing that balance over a new five-year term would generally reduce the monthly payment.

The trade-off is that the loan remains outstanding for another two years.

That can result in more total interest being paid.

The term also needs to make sense against the truck's:

• Age
• Kilometres
• Condition
• Expected working life
• Replacement date

Reducing the monthly repayment is less useful if the business is still paying for the truck when it needs to be replaced.

3. Change the Balloon Payment

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

Including a larger balloon can reduce regular repayments because less principal is repaid throughout the term.

For example, refinancing with:

No balloon

will generally produce a higher regular repayment than:

A 20% balloon

on the same amount and finance term.

The trade-off is a larger final payment.

The balloon should reflect:

• Expected truck value
• How long the business will keep the truck
• Annual kilometres
• Maintenance requirements
• Replacement plans
• Expected trade-in value

A larger balloon should not be used simply because it produces the lowest monthly repayment.

Does Lowering the Monthly Repayment Mean I Save Money?

Not necessarily.

This is one of the most important parts of truck loan refinancing.

A refinance can reduce the monthly payment while increasing the total amount paid over the life of the finance.

For example, extending a remaining three-year loan into a new five-year facility may significantly reduce the monthly repayment.

But the business is paying interest for a longer period.

You need to compare:

• Current payout
• Existing interest rate
• Existing monthly repayment
• Remaining term
• Existing balloon
• Existing payout costs
• New interest rate
• New monthly repayment
• New finance term
• New balloon
• New lender costs
• Total estimated amount repayable

The right question is not simply:

"How much can I reduce my repayment?"

It is:

"What do I gain from reducing the repayment, and what does that change cost over the complete finance term?"

When Does Lowering Truck Repayments Make Sense?

A lower repayment can make commercial sense where the business wants to preserve more working capital.

Transport businesses have significant ongoing operating expenses.

These can include:

• Diesel
• AdBlue
• Tyres
• Servicing
• Repairs
• Registration
• Insurance
• Tolls
• Driver wages
• Subcontractors
• Trailer costs
• Tax obligations
• Unexpected downtime

Reducing a repayment by even a few hundred dollars per month can improve available cash flow.

The question is what the business will do with that cash.

If the lower repayment helps the business:

• Maintain stronger working capital
• Manage seasonal fluctuations
• Fund maintenance
• Take on additional work
• Reduce pressure during quieter periods

then the refinance may provide a useful commercial benefit.

When Might Refinancing Not Be Worth It?

Truck loan refinancing does not automatically make sense every time a lower repayment is available.

It may provide limited benefit where:

• The existing loan is nearly finished
• The current interest rate is already competitive
• The existing lender has significant payout costs
• The new lender has high establishment costs
• The new term is considerably longer
• The truck is approaching replacement
• The truck value does not support the proposed refinance
• The business plans to sell the truck soon

The numbers need to be considered together.

How Do I Know What My Current Truck Loan Is Really Costing?

Start by collecting the information from the existing facility.

You should know:

• Current monthly repayment
• Current interest rate
• Current outstanding balance
• Formal payout amount
• Remaining term
• Current balloon
• Early payout costs
• Any other applicable fees

The outstanding balance and payout amount are not always exactly the same.

A formal payout may include amounts such as:

• Accrued interest
• Early termination costs
• Administrative charges

Use the actual payout figure when comparing refinancing options.

What Is a Truck Loan Payout Figure?

The payout figure is the amount required to completely close the existing finance facility on a particular date.

The new lender generally needs to pay this amount to the existing lender as part of the refinance.

The payout can include:

• Outstanding principal
• Accrued interest
• Applicable early payout charges
• Other contractual amounts

Because payout figures can change with time, the lender may request an updated payout before settlement.

Are There Break Fees When Refinancing a Truck?

Potentially.

The existing finance agreement may include early payout or termination costs.

The amount depends on the lender and contract.

Before refinancing, ask:

What will it cost to completely pay out my existing truck loan today?

Do not rely only on the outstanding balance shown on an online account.

Request the actual payout figure.

What Does the New Lender Assess?

Truck loan refinancing is still a new credit application.

The lender will usually consider both the business and the truck.

Business History

The lender may review:

• ABN age
• Trading history
• Business structure
• Transport experience
• Business income

Bank Statements

Recent business bank statements can show:

• Revenue
• Cash flow
• Existing repayments
• Operating expenses
• Account conduct

Existing Truck Repayment History

A good repayment history on the current truck finance can strengthen a refinance application.

The lender may want to see that:

• Repayments are current
• There are no repeated arrears
• The business has managed the existing facility well

Credit Profile

The lender may review:

• Current debts
• Existing credit facilities
• Previous defaults
• Credit enquiries
• Overall repayment conduct

Current Truck

The truck can also be assessed.

This may include:

• Make and model
• Year
• Kilometres
• Condition
• Current market value
• Expected working life

Current Payout

The new lender needs to understand how much must be refinanced.

The relationship between the payout and the truck's current value is particularly important.

Does Truck Value Matter When Refinancing?

Yes.

The lender needs to be comfortable that the truck provides appropriate security for the new finance.

Consider:

Truck value: $150,000
Current payout: $100,000

The business has approximately $50,000 of equity before transaction costs.

Compare that with:

Truck value: $100,000
Current payout: $130,000

The loan balance is higher than the estimated value of the truck.

The second scenario may be more difficult to refinance because there is less asset support.

What Is Equity in a Truck?

Truck equity is broadly the difference between the truck's current value and the amount required to pay out the finance.

For example:

Truck value: $180,000
Finance payout: $120,000

Approximate equity:

$60,000

The actual lender assessment may use its own valuation.

Strong equity can improve the structure of a refinance.

Can You Release Equity When Refinancing a Truck?

Potentially.

If the truck is worth more than the amount owing, selected lenders may allow part of the available equity to be released for an eligible business purpose.

For example, funds might be used for:

• Business working capital
• Another asset
• Business expenses
• Approved operational purposes

This is different from refinancing purely to lower repayments.

The lender will assess:

• Truck value
• Existing payout
• Business purpose
• Business cash flow
• Proposed total finance amount

Can I Refinance a Chattel Mortgage?

Yes.

Commercial truck finance is commonly structured using a chattel mortgage.

During refinancing:

1. The new lender approves the replacement facility
2. The new lender pays out the existing chattel mortgage
3. The existing lender releases its security
4. The new lender registers security over the truck
5. The business begins making repayments under the new facility

The business already owns the truck.

The refinance replaces the finance attached to it.

Does Refinancing Create Another GST Claim?

Generally, refinancing the loan does not mean the business has purchased the truck again.

The original GST treatment relates to the original truck purchase.

The refinance simply replaces the existing finance facility.

The new loan may involve:

• Interest
• Finance fees
• Other finance costs

Speak with your accountant about the tax treatment of these amounts.

Can You Refinance a Truck With a Balloon Payment?

Yes.

The existing balloon forms part of the current finance obligation and therefore affects the payout.

A replacement loan may also include a balloon, subject to:

• Lender criteria
• Truck value
• Truck age
• Expected value at the end of the new term
• Business cash flow

Do not simply copy the old balloon into the new loan.

The business and truck may be in a very different position from when the original finance was arranged.

Can You Refinance a Used Truck?

Yes.

Selected lenders can refinance used commercial trucks.

The available options can depend on:

• Truck age
• Kilometres
• Condition
• Market value
• Payout
• Remaining working life

Older trucks may have shorter available finance terms.

This can limit how much the regular repayment can be reduced.

Can Owner-Operators Refinance Truck Loans?

Yes.

Owner-operators and sole traders can apply for truck loan refinancing.

The lender may assess:

• ABN history
• Transport experience
• Contracts
• Regular work
• Business bank statements
• Existing truck repayments
• Credit profile
• Truck details
• Payout amount
• Truck value
• Other commitments

A strong repayment history on the current truck loan can support the application.

Can a Small Transport Fleet Refinance Several Trucks?

Potentially.

A transport business may be able to refinance several existing facilities.

The lender may assess each truck individually and the business as a whole.

This can include:

• Vehicle values
• Individual payouts
• Vehicle ages
• Kilometres
• Repayment conduct
• Total business debt
• Combined proposed repayment
• Business cash flow

The new structure should provide a clear benefit.

It should not simply move several loans from one lender to another without improving the overall position.

What Happens if My Truck Refinance Application Has Been Declined?

A declined truck refinancing application does not automatically mean refinancing is impossible.

The useful next step is understanding why that lender did not approve the application.

Possible reasons can include:

• Truck value is too low compared with the payout
• Truck age falls outside lender criteria
• Insufficient trading history
• Limited financial documentation
• Existing debts are too high
• Bank statements do not support the proposed repayment
• Credit issues
• Recent repayment arrears
• ATO debt
• Insufficient benefit from the refinance
• Finance amount is outside the lender's preferred range

Different lenders can use different criteria.

The reason for the decline matters before deciding what to do next.

What Should I Do After a Truck Refinance Decline?

Start by answering four questions.

1. Why Was It Declined?

Ask whether the issue related to:

• The business
• Credit profile
• Truck
• Payout
• Documentation
• Affordability

2. Has Anything Changed Since the Application?

For example:

• More trading history
• Improved bank statements
• Lower debts
• More contracts
• Better repayment conduct
• Lower payout

3. Does Another Lender Assess This Differently?

Different lenders have different:

• Asset-age requirements
• Credit policies
• Documentation requirements
• Loan-to-value limits
• Trading history requirements

4. Is Refinancing Actually the Right Solution?

Sometimes the strongest option is not another refinance application.

The current facility may already provide a reasonable structure once exit costs and a new loan are considered.

The goal should be improving the business's position, not refinancing simply because the first application was declined.

Common Mistakes When Applying to Refinance a Truck

Applying to Another Lender Immediately After a Decline

A new application should not be made simply because another lender exists.

First understand why the previous application was unsuccessful.

Otherwise the same issue may appear again.

Focusing Only on the Interest Rate

A lower interest rate can help, but it is only one part of the structure.

Compare:

• Repayment
• Term
• Balloon
• Fees
• Payout
• Total estimated amount repayable

Focusing Only on the Monthly Repayment

A refinance can dramatically reduce the monthly payment by extending the term.

That does not automatically make it cheaper.

Not Checking the Existing Payout

The payout is the actual amount the new lender needs to refinance.

Use the formal payout, not a rough estimate.

Extending the Loan Beyond the Truck's Useful Life

The finance term should suit the remaining working life of the truck.

Using Too Large a Balloon

A larger balloon can create a very attractive monthly repayment.

It can also create a difficult final payment later.

Not Disclosing Existing Debts

Lenders will assess the business's complete financial commitments.

Provide the full position from the beginning.

Commercial Truck Refinancing vs Auto Loan Refinancing

Auto loan refinancing is often discussed in relation to personal passenger vehicles.

Commercial truck refinancing has additional considerations because the vehicle is an income-producing business asset.

A commercial truck lender may assess:

• ABN age
• Trading history
• Business income
• Bank statements
• Transport contracts
• Industry experience
• Existing commercial debt
• Truck value
• Truck age
• Current payout
• Existing repayment conduct

This makes truck loan refinancing different from a standard consumer vehicle loan refinance.

The lender is assessing both the borrower and the underlying transport business.

Does a Better Business Position Improve Refinancing Eligibility?

It can.

A business may qualify for different finance options than it did when the original truck loan was arranged.

For example, the business may now have:

• Three years trading instead of one
• Stronger turnover
• Better bank statement conduct
• A clean repayment history
• More established contracts
• Lower personal debt
• Additional assets
• Better financial statements

Those changes can improve refinancing eligibility.

They do not guarantee a lower rate, but they may give the business access to different lender options.

Can You Refinance With Credit Issues?

Potentially.

Selected lenders can consider truck loan refinancing where there are previous credit issues.

The lender may look at:

• What happened
• When it happened
• Whether defaults have been paid
• Current credit conduct
• Existing truck repayment history
• Recent bank statements
• Truck value
• Payout
• Available equity
• Affordability of the new loan

Previous credit issues can affect:

• Interest rate
• Finance term
• Lender options
• Available balloon

A lower repayment or interest rate is not guaranteed.

Can You Refinance With ATO Debt?

Potentially.

Selected lenders may consider truck loan refinancing where a business has ATO debt.

The application may be stronger where:

• A payment arrangement is in place
• Payments are being maintained
• Business cash flow remains healthy
• The truck finance is being paid on time
• The refinance provides a clear benefit
• The proposed repayment remains affordable

The lender may assess:

• ATO balance
• Payment history
• Business bank statements
• Other debts
• Truck value
• Finance payout

Does Low Doc Truck Refinancing Exist?

Potentially.

Selected lenders can consider low doc commercial vehicle refinancing.

Instead of complete financial statements, the lender may assess information including:

• Business bank statements
• ABN history
• Credit position
• Existing truck repayment conduct
• Transport experience
• Current contracts
• Truck information
• Current payout

The exact documentation depends on the lender and application.

Low doc does not mean no assessment.

What Documents Do I Need to Refinance a Truck Loan?

For an initial assessment, prepare:

• Driver's licence
• ABN details
• Recent business bank statements
• Existing truck loan details
• Approximate payout
• Current repayment
• Remaining term
• Current balloon
• Details of other business finance
• Information about current contracts or work

Before settlement, you may also need:

• Formal payout letter
• Truck make and model
• Year
• Registration
• VIN
• Current kilometres
• Insurance information
• Valuation or inspection if required

Some applications may also require:

• BAS
• Financial statements
• Tax returns
• Accountant information

Having the existing finance information ready makes it much easier to compare the current facility against a proposed refinance.

How Do I Compare Truck Loan Refinancing Options?

Build a simple side-by-side comparison.

Then ask what the business is trying to achieve.

If the objective is cash flow, focus on:

• Monthly repayment
• Working capital improvement

If the objective is reducing finance cost, focus on:

• Rate
• Term
• Fees
• Total estimated amount repayable

These are related goals, but they are not the same thing.

Example: Lower Repayment vs Lower Total Cost

Consider a business with an existing truck loan.

Current Facility

• Three years remaining
• Higher monthly repayment
• No balloon

Refinance Option

• Five-year term
• Lower monthly repayment
• Balloon at the end

The refinance may provide significantly more cash flow each month.

But it also:

• Extends the debt
• Adds a final balloon
• May increase total interest

That may still be a good decision if the business values the additional working capital.

But it should be a deliberate decision.

What Interest Rate Reduction Makes Refinancing Worthwhile?

There is no single percentage reduction that automatically makes a truck refinance worthwhile.

A rate reduction needs to be considered against:

• Current payout costs
• Remaining finance term
• New lender fees
• New term
• New balloon
• Amount being refinanced

A small reduction in rate on a large outstanding balance may be meaningful.

A larger rate reduction may provide little value if the existing loan is almost finished and carries substantial payout costs.

Compare dollar outcomes rather than focusing only on the percentage rate.

How Soon Can I Refinance a Truck Loan?

There is no universal minimum period that applies to every commercial truck loan.

A lender may consider:

• How long the existing finance has been running
• Repayment history
• Truck value
• Current payout
• Business history
• Benefit of the refinance

Refinancing very early can provide less benefit where the current loan has significant exit costs.

There should be a clear commercial reason for replacing the existing finance.

Can Refinancing Help Working Capital?

Yes.

Lower monthly repayments can leave more money in the business each month.

For an owner-operator, this can provide additional room for:

• Fuel
• Maintenance
• Insurance
• Tyres
• Registration
• Repairs
• Tax
• Driver costs
• Unexpected downtime

That is one of the main reasons transport businesses consider refinancing.

However, extending debt simply to create more monthly cash flow should still be considered against the long-term cost.

Should I Refinance or Replace the Truck?

Sometimes the right question is not whether to refinance the current truck.

It is whether the truck should be replaced.

Consider:

• Current truck age
• Kilometres
• Repairs
• Downtime
• Fuel efficiency
• Remaining working life
• Current loan payout
• Trade-in value
• Cost of the replacement truck

Refinancing an ageing truck over a longer term may reduce repayments but leave the business carrying debt on equipment that increasingly costs more to maintain.

In some situations, replacing the truck may provide a stronger long-term outcome.

Can Refinancing Help Before Buying Another Truck?

Potentially.

A transport business planning to add another truck may first review its existing finance commitments.

Restructuring an existing loan could potentially reduce monthly commitments and improve cash flow before the next purchase.

However, the lender assessing the additional truck will still consider:

• Total business debt
• Current repayments
• Business income
• Existing contracts
• Additional truck income
• Overall repayment capacity

The refinancing and new purchase need to make sense together.

How the TAFS Truck Refinancing Process Works

Step 1: Review the Existing Truck Loan

TAFS looks at:

• Current repayment
• Current payout
• Interest rate
• Remaining finance term
• Balloon
• Known exit costs

Step 2: Assess the Business

The internal credit team can review:

• ABN history
• Trading performance
• Recent bank statements
• Existing finance
• Credit position
• Transport experience
• Current work

Step 3: Assess the Truck

TAFS considers:

• Truck age
• Kilometres
• Condition
• Approximate market value
• Current payout

Step 4: Complete a Soft Credit Check

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

Step 5: Compare Suitable Lenders

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

The refinance can be assessed against lenders that suit:

• The business
• Truck
• Payout
• Credit profile
• Documentation
• Proposed finance structure

Step 6: Compare the Existing and Proposed Finance

TAFS can compare:

• Current repayment
• Proposed repayment
• Current interest rate
• Proposed rate
• Current remaining term
• Proposed term
• Existing balloon
• Proposed balloon
• Payout costs
• New lender costs

This helps determine whether the refinance provides a meaningful benefit.

Step 7: Submit One Formal Application

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

Step 8: Settle the Refinance

The new lender pays out the current finance facility.

The existing lender releases its security and the new lender registers its security over the truck.

The business then begins making repayments under the new finance arrangement.

Questions to Ask Before Refinancing a Truck Loan

Before proceeding, ask:

1. What is my formal payout amount?
2. Are there early payout or break costs?
3. What is my current interest rate?
4. What is the proposed interest rate?
5. What is my current repayment?
6. What will the new repayment be?
7. How much will I save each month?
8. How long is left on the current finance?
9. What is the proposed new term?
10. Is there an existing balloon?
11. Will the new loan have a balloon?
12. What will that balloon be?
13. What new lender fees apply?
14. Does the refinance reduce total cost or only monthly repayments?
15. What is the total estimated amount repayable?
16. What is the truck currently worth?
17. What will the truck likely be worth when the new finance ends?
18. Is a valuation required?
19. Is an inspection required?
20. What happens if I sell the truck early?
21. Can additional repayments be made?
22. Why is this lender and structure suitable for the business?

Frequently Asked Questions

Can I Refinance My Truck Loan to Lower Repayments?

Yes.

Truck loan refinancing can reduce repayments through a lower interest rate, longer term, different balloon payment or a combination of these.

Compare the complete finance cost before proceeding.

Does Refinancing Automatically Save Money?

No.

A lower monthly repayment can come from extending the loan term or adding a balloon.

That can increase the total amount of interest paid.

Can Refinancing Lower My Interest Rate?

Potentially.

A business may qualify for a different rate if its trading history, financial position, credit conduct or repayment record has improved.

The rate offered depends on current lender criteria.

Does Extending the Loan Term Lower Repayments?

Generally, yes.

Spreading the outstanding balance over more repayments normally reduces the regular payment.

The trade-off is that the debt remains outstanding longer.

Can I Refinance a Truck After a Finance Decline?

Potentially.

First understand why the previous application was declined.

Different lenders can use different criteria, but making another application without addressing the original issue can create the same result.

What Do Lenders Check After a Previous Decline?

They can assess:

• Reason for the previous decline
• Credit profile
• Business income
• Bank statements
• Existing repayment conduct
• Truck value
• Finance payout
• Existing debts
• Affordability of the proposed loan

Should I Apply to Several Lenders After Being Declined?

TAFS does not use that approach.

TAFS starts with a soft credit check and internal assessment before making one formal application to the selected lender.

How Soon Can I Refinance a Truck Loan?

There is no single minimum timeframe that applies to every lender.

The lender will assess repayment history, current payout, truck value and whether the refinance provides a reasonable benefit.

Can I Refinance a Truck With a Balloon?

Yes.

The existing balloon forms part of the current payout.

The replacement finance may also include a balloon subject to lender criteria.

Can I Refinance a Used Truck?

Yes.

Selected lenders refinance used commercial trucks.

The available options depend on age, kilometres, condition, payout and market value.

Can an Owner-Operator Refinance a Truck Loan?

Yes.

Owner-operators and sole traders can apply for truck loan refinancing.

The lender can assess business income, truck repayment conduct, transport experience, credit position, truck value and payout.

Can I Refinance More Than One Truck?

Potentially.

A transport business may be able to restructure several facilities where the trucks, business cash flow and overall debt position support the application.

Can I Refinance With ATO Debt?

Potentially.

Selected lenders may consider applications with ATO debt.

The lender may look at the amount owing, payment arrangement, business cash flow, truck value and affordability.

Can I Refinance With Credit Issues?

Potentially.

The available options depend on the type of issue, when it occurred, current conduct and the strength of the overall application.

Is Commercial Truck Refinancing the Same as Auto Loan Refinancing?

The basic concept is similar because one vehicle loan replaces another.

Commercial truck refinancing involves additional assessment of the business, ABN, trading history, truck income, existing commercial commitments and vehicle value.

Does Refinancing Create Another GST Claim?

Generally, refinancing replaces the loan rather than purchasing the truck again.

Speak with your accountant about the treatment of interest and finance costs associated with the new facility.

What Documents Do I Need?

For an initial assessment, you may need:

• Driver's licence
• ABN information
• Bank statements
• Existing truck finance information
• Current repayment
• Current payout
• Remaining term
• Balloon
• Other finance details

Additional information may be required depending on the lender and truck.

How Quickly Can Truck Loan Refinancing Be Approved?

Straightforward applications can be approved in as little as 24 hours once the required information has been supplied.

Settlement can take additional time while the existing payout, security release, vehicle information and new finance documents are completed.

Compare Truck Loan Refinancing With TAFS

Lower truck repayments can improve cash flow, but the lowest repayment is not always the strongest financial outcome.

The current payout, proposed rate, remaining term, new term, balloon, truck value and total cost all need to be considered together.

TAFS can review the existing facility and compare suitable refinancing options through access to more than 80 bank and non-bank lenders before one formal application is submitted to the selected lender.

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.