Used truck finance rates in Australia are not one fixed percentage.

The rate offered to an owner-driver purchasing a five-year-old rigid truck can be different from the rate offered to an established transport company adding its sixth prime mover.

Even two businesses purchasing the same truck may receive different pricing.

Truck finance interest rates can be affected by:

• Business trading history
• ABN age
• Transport experience
• Credit profile
• Existing finance
• Business income
• Truck age
• Truck kilometres
• Truck value
• Purchase price
• Deposit
• Trade-in
• Finance amount
• Finance term
• Balloon payment
• Documentation
• Whether the truck is bought from a dealer or private seller
• Lender selected

That means the best way to compare truck finance is not simply to ask:

“What is your rate?”

A stronger question is:

“What rate, repayment and complete finance structure can my business actually qualify for?”

The Asset Finance Shop (TAFS) specialises in commercial vehicle and truck finance and has access to more than 80 bank and non-bank lenders.

TAFS can assess the business and proposed used truck, complete an initial soft credit check and compare suitable lender options before one formal application is submitted.

This guide explains how used truck finance rates work in Australia, what affects pricing, how private-sale truck finance works, how balloon payments affect repayments and what owner-drivers should compare before accepting a loan.

What Are Used Truck Finance Rates in Australia?

There is no universal used truck finance rate.

Commercial vehicle finance is generally priced around the individual application.

An established transport company with:

• Several years trading
• Strong financial statements
• Good repayment history
• Multiple trucks
• Consistent turnover

may receive different pricing from a newer owner-driver with:

• A recently registered ABN
• Limited financial history
• First truck purchase
• Low documentation
• Smaller deposit

Neither application is automatically unfinanceable.

They simply represent different lender risks.

Why Don't We Publish One Truck Finance Interest Rate?

Because one advertised percentage can create the wrong expectation.

For example, a published rate may only apply to an applicant with:

• Strong credit
• Established trading history
• Newer vehicle
• Specific finance amount
• Full documentation
• Specific lender conditions

That does not mean the same rate applies to:

• Older trucks
• New ABNs
• Low doc applications
• Private sales
• Previous credit issues
• Higher-kilometre vehicles

The useful number is the rate available for your actual business and truck.

What Affects Your Truck Finance Rate?

Several factors can change the rate and structure offered.

1. Business Trading History

Lenders generally want to understand how established the transport business is.

They may look at:

• ABN age
• Time trading
• Historical income
• Bank statement activity
• Existing commercial finance

An operator who has been trading for eight years may have access to different lenders from someone who has just started their business.

That does not mean a new ABN cannot get truck finance.

It means the lender may need to rely more heavily on other strengths.

2. Transport Industry Experience

A newer business may still have an experienced operator behind it.

For example:

ABN age: 8 months
Heavy vehicle experience: 12 years
Current work: Established subcontract agreement

That application is different from someone who has never operated a commercial truck before.

Relevant experience can include:

• Owner-driving
• Interstate transport
• Courier work
• Rigid truck operation
• Heavy combination driving
• Civil haulage
• Refrigerated transport
• Local delivery

3. Credit Profile

The lender may assess:

• Existing debts
• Previous repayment conduct
• Defaults
• Current arrears
• Credit enquiries
• Business finance history

Strong credit conduct can support lender confidence.

Previous problems do not automatically prevent approval, but they can affect:

• Rate
• Deposit
• Finance term
• Balloon
• Available lenders

4. Business Income

Truck finance needs to be supported by business cash flow.

Depending on the lender and application, income may be assessed through:

• Business bank statements
• BAS
• Financial statements
• Tax returns
• Contracts
• Regular work

The lender is not only interested in turnover.

It also needs to understand the expenses the business already carries.

5. Existing Truck Finance

Current commercial finance commitments matter.

The lender may consider:

• Current truck repayments
• Other equipment loans
• Vehicle finance
• Business loans
• Credit cards
• Overdrafts

Existing finance is not automatically negative.

A strong history of making truck repayments on time can help demonstrate commercial repayment conduct.

6. Truck Age

Truck age can affect:

• Lender availability
• Rate
• Loan term
• Balloon
• Deposit

A three-year-old prime mover with a strong resale market can present differently from a 15-year-old truck with high kilometres.

Different lenders have different maximum asset-age policies.

7. Truck Kilometres

Kilometres can affect expected remaining working life and resale value.

For example:

Truck A

5 years old
350,000 km

Truck B

5 years old
950,000 km

They are the same age.

They may not present the same risk to a lender.

8. Truck Condition

Condition can become particularly important with:

• Older trucks
• Private sales
• Auction purchases
• High-kilometre vehicles

A lender may request:

• Inspection
• Valuation
• Additional vehicle information

before settlement.

9. Purchase Price

The purchase price should make sense relative to market value.

For example:

Purchase price: $180,000
Estimated market value: $180,000

may produce a different result from:

Purchase price: $180,000
Estimated market value: $145,000

If the truck appears significantly overpriced, the lender may:

• Reduce the amount financed
• Request a deposit
• Decline the asset

10. Deposit

A deposit reduces the amount being financed.

For example:

Truck: $160,000
Deposit: $20,000
Finance: $140,000

A larger contribution may strengthen the transaction.

But it also uses business cash.

Owner-drivers should consider how much money needs to remain available for:

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

A larger deposit is not automatically the strongest commercial decision.

11. Trade-In Equity

A current truck may provide equity.

For example:

Current truck value: $90,000
Finance payout: $40,000

Potential trade equity:

$50,000

That equity may contribute toward the replacement truck.

This can reduce the new finance amount without using the same amount of cash.

12. Finance Term

The finance term affects repayments and total finance cost.

Shorter Term

Usually:

• Higher repayment
• Faster debt reduction
• Shorter interest period

Longer Term

Usually:

• Lower repayment
• Slower debt reduction
• Longer interest period

The lowest regular repayment does not automatically mean the cheapest loan.

13. Balloon Payment

A balloon leaves part of the principal outstanding at the end of the finance term.

For example:

Finance amount: $180,000
Term: 5 years
Balloon: $36,000

Regular repayments are generally lower because $36,000 remains payable at the end.

A balloon can help monthly cash flow.

But it creates a larger final obligation.

TAFS’s existing truck finance material notes that balloon structures should be compared alongside truck age, expected kilometres, future value and replacement plans rather than chosen simply to minimise the regular repayment.

Do Older Used Trucks Have Higher Finance Rates?

They can.

But age is only one factor.

An older truck may also affect:

• Available lenders
• Maximum term
• Balloon
• Deposit
• Valuation requirements

For example:

Used Truck A

Age: 4 years
Kilometres: 300,000
Price: $180,000

Used Truck B

Age: 12 years
Kilometres: 950,000
Price: $85,000

Truck B may require a different lender and finance structure.

A broker can compare lenders with different used-vehicle age policies rather than relying on one bank's criteria.

Is Used Truck Finance More Expensive Than New Truck Finance?

Not automatically.

Newer assets can sometimes attract broader lender appetite because:

• Vehicle age is lower
• Expected working life is longer
• Resale value may be easier to assess

But the actual rate still depends on the borrower.

A strong established transport company purchasing a quality used prime mover may receive more competitive options than a weaker applicant purchasing a brand-new truck.

The business and truck are assessed together.

Dealer Finance vs Private-Sale Truck Finance Rates

Used trucks can be purchased from:

• Dealerships
• Private sellers
• Other transport businesses
• Auctions

The seller type can affect the process.

Dealer Purchase

A dealer transaction generally gives the lender:

• Formal invoice
• Vehicle details
• Established seller
• Clear settlement process

Private Sale

Private-sale truck finance may involve additional checks around:

• Seller identity
• Vehicle ownership
• VIN
• Existing finance
• Market value
• Condition

TAFS can arrange private-sale truck finance through selected lenders.

The additional checks do not automatically mean the rate will be higher.

Pricing still depends on the overall application.

Can I Finance a Truck From a Private Seller?

Yes.

Selected lenders finance eligible trucks purchased privately.

The lender may require:

• Seller identification
• Registration details
• VIN
• Proof of ownership
• Purchase invoice or sale agreement
• Bank details
• Existing loan payout
• Inspection or valuation where applicable

TAFS can coordinate these requirements as part of settlement.

Why Buy a Truck Privately?

A private sale can give an owner-driver access to:

• More trucks
• Direct purchases from other operators
• Lower purchase prices
• Fleet disposals
• Known vehicle history
• Specific models not available through dealers

But a cheaper purchase price should not replace proper due diligence.

The buyer should still assess:

• Mechanical condition
• Service history
• Kilometres
• Accident history
• Existing security
• Market value

Can Auction Trucks Be Financed?

Potentially.

Selected lenders can finance eligible trucks purchased through auction.

Completing an initial assessment before bidding can help clarify:

• Borrowing position
• Deposit requirement
• Maximum vehicle age
• Finance term
• Balloon
• Documentation requirements

Winning the truck first and seeking finance later can create unnecessary risk if the vehicle falls outside lender policy.

What Is a Chattel Mortgage?

TAFS primarily arranges commercial truck purchases using a chattel mortgage.

Under a chattel mortgage:

• The business purchases the truck
• The business owns it from settlement
• The lender provides the finance
• The lender registers security over the truck
• The finance is repaid over an agreed term
• A deposit may be included
• Trade-in equity may contribute
• A balloon may potentially be included

This structure is commonly used for income-producing commercial vehicles.

How Do Truck Finance Repayments Work?

Truck repayments depend on several variables.

These include:

• Amount financed
• Interest rate
• Finance term
• Balloon
• Fees

For example:

Truck: $200,000
Deposit: $20,000
Amount financed: $180,000

That $180,000 can be structured differently depending on:

• 3-year term
• 4-year term
• 5-year term
• Balloon or no balloon

Each option produces a different repayment.

Truck Finance Rate vs Repayment

Interest rate and repayment are connected, but they are not the same thing.

Consider:

Option A

Lower rate
3-year term
No balloon

Option B

Slightly higher rate
5-year term
$30,000 balloon

Option B may have the lower monthly repayment even though the interest rate is higher.

Why?

Because:

• The loan runs for longer
• More principal remains outstanding at the end

That is why comparing the repayment alone can be misleading.

How Should You Compare Used Truck Finance?

Compare the whole structure:

TAFS’s existing guidance recommends comparing the amount financed, deposit, rate, repayment, term, balloon, fees and total estimated amount repayable rather than choosing solely on headline rate.

What Is the Best Truck Finance Rate for an Owner-Driver?

There is no rate that applies to every owner-driver.

The rate available may depend on:

• ABN age
• Years driving
• Current freight work
• Business bank statements
• Credit profile
• Truck
• Deposit
• Existing finance
• Documentation

For example:

Owner-Driver A

ABN: 5 years
Truck: 4-year-old rigid
Credit: Strong
Bank statements: Strong

Owner-Driver B

ABN: 7 months
Truck: 11-year-old prime mover
Credit: Previous issue
Documentation: Low doc

Both may obtain truck finance.

The rate and structure are unlikely to be identical.

New ABN Used Truck Finance

A newer ABN can still potentially qualify.

Selected lenders may consider factors including:

• Previous transport experience
• Current work
• Contracts
• Business bank statements
• Credit history
• Available deposit
• Truck value

For example:

ABN: 6 months
Transport experience: 10 years
Current work: Confirmed interstate subcontracting

The applicant may have limited business history but significant relevant experience.

Low Doc Used Truck Finance

Low doc truck finance can be available through selected lenders.

Instead of requiring a complete set of financial statements, an application may use information including:

• Business bank statements
• ABN history
• Credit position
• Existing truck finance
• Industry experience
• Current work
• Truck information

Low doc does not mean no assessment.

The lender still needs to be satisfied the business can support the proposed repayments.

Does Low Doc Truck Finance Have a Higher Rate?

Not automatically.

The rate depends on the complete application.

However, a lender may price limited-documentation applications differently from strong full-doc applications.

A business with current financial statements may also have access to additional lenders.

The correct approach is to compare what is actually available under both pathways.

Truck Finance for Established Businesses

Established transport companies may have access to finance based on:

• Strong historical financials
• Existing fleet
• Commercial repayment history
• Customer contracts
• Longer ABN history

An established fleet may also be able to finance:

• Replacement trucks
• Additional prime movers
• Multiple trucks
• Trailers
• Fleet expansion

Financing a Fleet of Trucks

Fleet truck finance is assessed differently from one first-truck purchase.

The lender may consider:

• Current fleet size
• Existing truck debt
• Fleet value
• Customer contracts
• Driver availability
• Business turnover
• Working capital
• Additional revenue expected

For example:

Current fleet: 4 trucks
Proposed purchase: 2 additional prime movers

The lender will usually assess the expansion as part of the wider business rather than looking at the two trucks in isolation.

Do Multiple Truck Purchases Get a Better Rate?

Not automatically.

Larger established fleets may have access to different lender pricing, but each application still depends on:

• Business strength
• Total debt
• Asset values
• Finance amount
• Credit profile

A lower rate should never be assumed simply because several trucks are being financed.

Current Truck Finance Interest Rates in Australia

Commercial rates move over time and vary between lenders.

Instead of relying on a generic internet rate, request pricing against:

• Your business
• Your proposed truck
• Your desired term
• Your deposit
• Your balloon
• Your documentation

An online rate with no connection to your application may not be particularly useful.

Fixed vs Variable Truck Finance Rates

Depending on the lender and product, commercial vehicle finance may be offered under different rate structures.

Before proceeding, confirm:

• Is the rate fixed?
• Is the repayment fixed?
• Can the lender change the rate?
• Does the contract contain any variable component?

Understanding the rate structure matters because a loan may run for several years.

Can a Broker Get a Better Truck Finance Rate Than a Bank?

Not automatically.

A bank may provide competitive pricing to an established transport business that fits its lending criteria.

The advantage of using a specialised broker is the ability to compare different lender policies and pricing.

Different lenders may treat the same transaction differently based on:

• Business history
• Credit
• Truck
• Finance amount
• Deposit
• Term
• Balloon
• Documentation

TAFS's existing truck finance guidance specifically notes that broker value comes from lender comparison rather than guaranteeing a lower rate than a bank.

Bank vs Broker for Used Truck Finance

Applying to One Bank

The application is assessed against:

• One lender's credit policy
• One used-truck policy
• One documentation pathway
• One pricing model

Using a Truck Finance Broker

The application can be matched against lenders with different criteria.

For example:

Lender A

May prefer established businesses with full financials.

Lender B

May be suitable for low doc owner-drivers.

Lender C

May accept newer ABNs.

Lender D

May finance older trucks.

Lender E

May be more comfortable with private sales.

The borrower has not changed.

The lender policy has.

Soft Credit Checks and Truck Finance Rates

Making multiple formal finance applications simply to compare rates can create multiple credit enquiries.

TAFS starts with a soft credit check that leaves no mark on the applicant's credit file, then reviews the application internally before selecting a suitable lender for formal submission.

That means the objective is not to send the application everywhere.

It is to understand the application first and choose a suitable lender.

Can I Check My Options Without a Hard Credit Enquiry?

TAFS can begin its initial assessment using a soft credit check.

The process can then consider:

• Business history
• ABN age
• Transport experience
• Credit profile
• Documentation
• Truck
• Finance amount

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

How Does a Balloon Payment Work?

A balloon leaves a final amount outstanding.

Example:

Truck finance: $160,000
Term: 5 years
Balloon: $32,000

Instead of reducing the entire $160,000 to zero through the regular repayments, $32,000 remains at the end.

This generally reduces the regular repayment.

Is a Balloon Good for Truck Finance?

It can be.

A balloon may suit an operator who wants more monthly cash available for:

• Diesel
• Wages
• Tolls
• Insurance
• Repairs
• Tyres
• Other operating costs

But it also means:

• More debt remains outstanding
• A final amount needs to be paid
• Total finance cost can be higher

The balloon needs to make sense relative to the truck's expected future value.

How Much Balloon Should I Use?

There is no universal correct balloon percentage.

Consider:

• Truck age
• Current kilometres
• Annual kilometres
• Expected resale value
• Finance term
• Replacement timing

For example, an interstate prime mover doing very high annual kilometres may require a different balloon strategy from a lightly used local rigid truck.

Can Used Truck Finance Have No Balloon?

Yes.

A balloon is optional where the lender and product allow different structures.

A no-balloon option generally produces a higher regular repayment compared with the same amount and term using a balloon.

The benefit is that no large principal amount remains at the end.

Can Used Truck Finance Have No Deposit?

Potentially.

Selected applicants may qualify for full eligible purchase-price finance.

A lender may be more likely to request a contribution where:

• ABN is newer
• Truck is older
• Purchase price exceeds market value
• Credit profile is more complex
• Supporting information is limited

TAFS’s internal material confirms a deposit is not required in every truck application, with requirements varying according to the business and truck.

Example: Established Owner-Driver Buying a Used Prime Mover

Consider:

ABN: 7 years
Transport experience: 12 years
Truck: 5-year-old prime mover
Purchase price: $210,000
Credit: Strong
Existing finance conduct: Strong

The lender may consider:

• Historical trading
• Current freight income
• Existing truck repayments
• Truck value
• Deposit
• Proposed term

This type of application may have access to a broad lender range.

Example: New ABN Buying a Used Rigid

Consider:

ABN: 8 months
Driving experience: 9 years
Truck: 7-year-old rigid
Price: $95,000
Current work: Confirmed courier subcontract

The lender may focus more heavily on:

• Industry experience
• Contract
• Bank statements
• Credit history
• Deposit
• Truck market value

A new ABN does not automatically mean the truck cannot be financed.

Example: Private-Sale Prime Mover

Consider:

Truck: Used prime mover
Seller: Another transport company
Purchase price: $150,000

In addition to the business assessment, the lender may need to verify:

• Seller
• Ownership
• VIN
• Registration
• Existing security
• Value

Once those requirements are satisfied, selected lenders can settle directly with the private seller.

Example: Replacing an Ageing Truck

Consider an owner-driver with:

Current truck: 14 years old
Repairs: Increasing
Replacement: 5-year-old rigid

The owner should compare:

• Current repair costs
• Downtime
• Fuel efficiency
• Replacement repayment
• Deposit
• Working capital

The cheapest truck finance rate is only one part of the decision.

Can Refinancing Lower My Current Truck Repayment?

Potentially.

An existing truck loan may be refinanced where a new structure produces a useful commercial outcome.

A refinance may involve:

• Different interest rate
• Longer term
• Different balloon
• Different lender

A lower monthly repayment does not always mean lower total cost.

If the loan is extended significantly, total interest may increase.

Used Truck Finance vs Paying Cash

Paying cash avoids loan interest.

Financing preserves more working capital.

Consider:

Cash available: $180,000
Used truck: $150,000

Paying cash leaves:

$30,000

That may be needed for:

• Diesel
• Insurance
• Registration
• Maintenance
• Tolls
• Wages

Financing some of the truck may leave the business in a stronger operating position.

The trade-off is finance cost.

What Documents Are Needed?

Depending on the lender, truck finance requirements can include:

• Driver's licence
• ABN details
• Business structure
• Recent bank statements
• Existing finance information
• Current freight or transport work
• Contracts
• Truck invoice
• Purchase price
• Deposit
• Trade-in

Full-doc applications may also require:

• Financial statements
• Tax returns
• BAS

Low doc options may be available through selected lenders.

How Fast Can Used Truck Finance Be Approved?

Straightforward applications can be approved in as little as 24 hours once the required information and truck details are available.

Applications can take longer where the transaction involves:

• Older truck
• Private seller
• Auction purchase
• Valuation
• Inspection
• New ABN
• Credit issues
• Missing documentation

Approval and settlement are separate stages.

How to Make Used Truck Finance Faster

Prepare:

• Licence
• ABN
• Bank statements
• Existing finance details
• Current work information
• Truck make and model
• Year
• Kilometres
• Purchase price
• Seller details
• Deposit or trade-in

A complete application gives the lender fewer reasons to stop and request additional information.

The TAFS Used Truck Finance Process

Step 1: Review the Business

TAFS assesses:

• ABN history
• Time trading
• Transport experience
• Available documentation
• Existing debts
• Credit profile

Step 2: Review the Truck

TAFS looks at:

• Make and model
• Year
• Kilometres
• Purchase price
• Seller
• Market position

Step 3: Soft Credit Check

The initial assessment begins with a soft credit check that leaves no mark on the applicant's credit file.

Step 4: Internal Credit Review

TAFS's internal credit team assesses the application before formal lender submission.

Step 5: Compare Suitable Lenders

TAFS can compare the application against more than 80 bank and non-bank lenders.

Factors can include:

• Truck age
• Kilometres
• Seller type
• ABN age
• Documentation
• Credit position
• Finance amount

Step 6: Compare the Finance Structure

Review:

• Interest rate
• Amount financed
• Deposit
• Trade-in
• Term
• Repayment
• Balloon
• Fees

Step 7: Submit One Formal Application

The formal application is submitted to the selected lender rather than automatically being sent to multiple lenders.

Step 8: Approval and Settlement

TAFS coordinates lender requirements and settlement with:

• Dealer
• Private seller
• Other approved truck seller

Used Truck Finance Comparison Checklist

Before accepting an offer, compare:

1. What interest rate applies?
2. Is the rate fixed or variable?
3. What amount is being financed?
4. What deposit is required?
5. Can trade-in equity be used?
6. What is the finance term?
7. What is the regular repayment?
8. Is there a balloon?
9. What will the balloon be?
10. What fees apply?
11. What is the total estimated amount repayable?
12. Can the finance be paid out early?
13. Are there early payout costs?
14. Does the lender accept the truck's age?
15. Are there kilometre restrictions?
16. Is a valuation required?
17. Is an inspection required?
18. Can the lender finance a private sale?
19. Are low doc options available?
20. How quickly can settlement occur?

Frequently Asked Questions

What Are Current Used Truck Finance Rates in Australia?

There is no single current rate that applies to every used truck borrower.

Rates depend on the business, credit profile, truck, finance amount, deposit, term, balloon, documentation and lender.

What Is a Good Truck Finance Interest Rate?

A good rate is one that is competitive for the applicant's actual circumstances.

It should also be considered alongside:

• Fees
• Term
• Repayment
• Balloon
• Total finance cost

Are Used Truck Finance Rates Higher Than New Truck Rates?

Not necessarily.

Vehicle age can influence lender pricing, but the business and broader application also matter.

Can I Finance an Older Used Truck?

Potentially.

Different lenders use different vehicle-age policies.

Older trucks may have fewer lender options, shorter terms or smaller balloon options.

Does High Mileage Affect Truck Finance?

Potentially.

High kilometres can affect expected remaining working life and resale value.

Can I Finance a Private-Sale Truck?

Yes, through selected lenders.

Additional seller, ownership and vehicle checks may apply.

Can I Finance an Auction Truck?

Potentially.

Selected lenders consider eligible auction purchases.

Pre-approval or an initial assessment before bidding can help.

Can an Owner-Driver Get Truck Finance?

Yes, subject to lender criteria.

Lenders may consider ABN history, transport experience, bank statements, credit profile and the proposed truck.

Can a New ABN Get Used Truck Finance?

Potentially.

Selected lenders can consider newer businesses where industry experience, current work, financial position and the truck support the application.

Can I Get Low Doc Truck Finance?

Potentially.

Selected lenders can use recent bank statements and other business information rather than requiring complete financial statements.

Does Low Doc Mean a Higher Rate?

Not automatically.

Pricing depends on the complete application and lender.

Do I Need a Deposit?

Not every application requires one.

Deposit requirements vary according to the business, credit profile, truck and lender.

Can I Get No-Deposit Used Truck Finance?

Potentially.

Eligible applicants may be able to finance the full eligible purchase price.

Can I Use a Trade-In?

Potentially.

Equity in the existing truck can contribute toward the replacement purchase.

Can Truck Finance Include a Balloon?

Yes, subject to lender criteria.

A balloon can reduce regular repayments while leaving a larger amount payable at the end.

Is a Bigger Balloon Better?

Not automatically.

A larger balloon usually reduces regular repayments but leaves more debt outstanding at the end and can increase overall finance costs.

Is a Lower Monthly Repayment Always Better?

No.

A smaller repayment may result from:

• Longer term
• Larger balloon

Compare the complete finance cost.

Is a Bank Cheaper Than a Truck Finance Broker?

Not necessarily.

Pricing depends on the lender and application.

A broker's advantage is the ability to compare different lender options rather than relying on one provider.

Can TAFS Check Options Without a Hard Enquiry First?

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

How Many Lenders Can TAFS Compare?

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

How Fast Can Used Truck Finance Be Approved?

Straightforward applications can be approved in as little as 24 hours once the required information and truck details are available.

Compare Used Truck Finance Rates With TAFS

The right used truck finance option is not simply the loan showing the lowest advertised interest rate.

A stronger comparison considers:

• Actual rate
• Truck price
• Deposit
• Trade-in
• Finance amount
• Term
• Repayment
• Balloon
• Fees
• Total finance cost
• Working capital
• Truck age
• Kilometres
• Future value

TAFS can assess your transport business and proposed truck, start with a soft credit check and compare suitable options through access to more than 80 bank and non-bank lenders.

Finance can be arranged for eligible:

• Used rigid trucks
• Prime movers
• Tippers
• Refrigerated trucks
• Crane trucks
• Tilt trays
• Other commercial trucks
• Dealer purchases
• Private sales
• Auction purchases

Options may also be available for low doc applicants, newer ABNs and owner-drivers depending on the complete application.

For straightforward applications where the required information is available, approval can be arranged in as little as 24 hours.

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 circumstances into account. Finance is subject to lender assessment, criteria and approval.