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Tow Truck Finance

Finance your next tow truck with a team that understands working vehicles.

Replacing an older truck, adding another tilt tray or buying your first recovery vehicle, we'll build the finance around your business and the truck you're purchasing.

TAFS works with towing operators, vehicle transport businesses and automotive businesses across Australia. With more than 80 lenders on our panel, we can compare options for new and used tow trucks.

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Tow Truck Finance

Tow truck finance for Australian businesses

Tow truck finance is commercial asset finance used to purchase a truck for vehicle towing, recovery or transport.

It can be used by owner-operators and established businesses purchasing vehicles for breakdown recovery, dealership transfers, workshop collections and other commercial towing work.

The finance available will depend on your business, the truck being purchased, its age and condition, the equipment included and the strength of the overall application.

TAFS reviews these details before approaching lenders so the application can be matched with finance options suited to the purchase. See the full range of truck finance options.

White tow truck on a coastal road

Financing a tow truck means looking beyond the cab and chassis

With a tow truck, the vehicle is only part of the purchase.

The tilt tray, recovery body, winch, hydraulics or underlift can be central to the work the truck will perform. Those details help explain what you're buying and why it suits the business.

A tilt tray used for scheduled dealership transfers is a different purchase from a heavy recovery truck intended to handle larger commercial vehicles.

The truck's age, kilometres, condition and purchase price still matter. So does the equipment fitted to it and whether you're buying a completed vehicle or arranging the build separately.

Your business also forms part of the assessment. Lenders can consider trading history, industry experience, cash flow, existing commitments and the work available for the truck.

Our team brings those details together before the application is submitted.

Close-up of a white tilt tray tow truck

What tow trucks can be financed?

TAFS can assess finance enquiries for a range of tow trucks and recovery vehicles, including:

  • Tilt tray tow trucks
  • Flatbed vehicle recovery trucks
  • Wheel-lift and underlift tow trucks
  • Light and medium-duty tow trucks
  • Heavy vehicle recovery trucks
  • New and used trucks fitted with towing or recovery bodies

We can also help with purchases through dealerships, private sellers and auctions. The available options will depend on the completed vehicle, the business and the lender's asset criteria.

  • 15,000+Assets Financed And Businesses Helped
  • $350M+Total Business Funding
  • 80+Lenders To Compare
  • 30+Years Of Business Experience
  • 93%Client Success Rate

Buying your first tow truck?

Your first tow truck might be the start of an owner-operated towing business, or the next step for an established workshop bringing vehicle collections in-house.

You may already have relevant experience without having owned a recovery vehicle under your own ABN. In that situation, we look at the broader application.

Previous towing or transport experience, existing business income, credit history, expected work, the purchase price and any deposit can all help shape the finance options available.

For a newer towing business, it helps to explain where the work will come from. That might include existing relationships with dealerships, repair shops or other commercial customers.

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Adding another tow truck to the fleet?

Another tow truck can help you cover more jobs, separate scheduled vehicle transport from recovery work or replace a vehicle that's spending too much time off the road.

You may also be looking at a different configuration to handle work your current trucks aren't suited to.

The finance needs to fit alongside your existing commitments, not just the next purchase. We can review your current fleet, existing vehicle finance, the truck you're considering and the role it will have in the business before recommending a structure.

For operators regularly replacing or adding trucks, this broader view can also help with planning future purchases.

Talk to a TAFS Broker

New and used tow truck finance

TAFS can arrange finance for both new and used tow trucks, subject to lender criteria.

A new tow truck may be purchased as a completed vehicle or as a cab chassis with a separately supplied recovery body.

Used tow trucks need to be considered on their individual details. Two trucks of the same age can have different equipment, service histories and purchase prices.

The proposed finance term and the truck's expected age at the end of the loan can also affect lender selection.

An older tow truck isn't automatically out of consideration. The important step is finding lenders whose asset policies suit the vehicle and the application.

When reviewing a used tow truck, useful information includes:

  • Truck make, model, age and kilometres
  • Overall condition and available service history
  • Recovery body or tilt tray specifications
  • Details of fitted towing and recovery equipment
  • Purchase price and seller information
  • Whether the chassis and recovery body are different ages

Buying a completed tow truck or arranging a fit-out?

Some purchases involve one supplier and one completed vehicle. Others involve buying the truck separately from the tilt tray or recovery body. Tell us how the purchase is being put together from the beginning.

A completed tow truck

For a completed tow truck, the invoice should make clear what equipment is included.

One supplier and one invoice keeps the finance straightforward, because the lender can see the full delivered value of the vehicle in a single document.

A separate build

For a separate build, send us the truck quote, body-builder quote, installation costs and expected completion details. This helps us understand the full purchase rather than assessing the chassis in isolation.

We can then check whether the truck and fitted equipment can be included in the proposed finance structure. Any supplier deposits, progress payments and final settlement arrangements need to be agreed with the lender before you commit to them.

Dealer, private sale and auction purchases

Where you're buying the tow truck can affect the finance process.

Dealer purchase

Dealer purchases usually come with established vehicle and supplier documentation.

For a completed tow truck, a clear invoice helps identify the chassis, recovery body and equipment included in the purchase.

Private sale

TAFS can arrange finance when you're purchasing a tow truck directly from another business or private seller.

The lender can require additional checks around the seller, ownership and vehicle before settlement. Providing clear details of the truck and fitted equipment early can help identify what else is needed.

Private sale truck finance →

Auction purchase

Speaking with TAFS before bidding can help you understand your finance position and the information the lender will need.

Conditional approval doesn't mean every auction vehicle will qualify. The final tow truck still needs to meet lender requirements, and the auction's payment deadline needs to be considered.

Auction truck finance →

What lenders look at

There isn't one checklist used by every lender for tow truck finance. Depending on the application, the assessment can include the following.

Your business

Trading history, turnover, cash flow and existing financial commitments help establish how the proposed finance fits into the operation.

Your industry experience

Relevant towing, recovery, transport or automotive experience can help explain the business's capability, particularly where trading history is limited.

The tow truck

The make, model, age, kilometres, condition and purchase price can influence which lenders will consider the vehicle.

The recovery body and equipment

Clear information about the tilt tray, towing body and fitted equipment helps establish what is included in the purchase.

How the truck will be used

Scheduled vehicle transfers, workshop collections, breakdown work and heavy recovery can involve different equipment and business requirements. Explaining the intended work helps present the commercial reason for the purchase.

Your credit profile

Personal and business credit history can form part of the assessment.

Deposit or trade-in

A deposit isn't always required. Some applications may qualify for finance covering the full purchase price, while others can benefit from a cash contribution or trade-in.

Existing finance

Current vehicle and equipment repayments form part of the broader assessment.

The purchase price

The amount being financed is assessed alongside the business position and the truck being purchased.

Recent TAFS deal

A TAFS tow truck finance example

TAFS helped a client finance a 2008 Isuzu tow truck, with the transaction settled in April 2026.

The purchase involved an older used commercial vehicle rather than a new truck.

It's an example of a tow-truck transaction TAFS has completed where the vehicle's age did not prevent the deal from proceeding.

The options for another purchase will still depend on the truck, the business and the lender's requirements.

  • 2008 Isuzu tow truck
  • Used commercial vehicle
  • Settled April 2026
Isuzu tilt tray tow truck financed by TAFS
Why TAFS

Why businesses use TAFS for tow truck finance

80+ Lenders

We have access to a broad panel of banks and specialist commercial lenders, giving us different options for different trucks and business profiles.

Internal credit team

Applications are reviewed before they're submitted so the lender gets a clear picture of the business, the truck and the purpose of the finance.

93% Client success rate

We focus on matching applications with suitable lenders and presenting the transaction properly from the beginning.

Commercial asset finance specialists

Our team works with businesses purchasing trucks, trailers, machinery and equipment every day. We look at the complete purchase and how it fits into your operation, rather than treating every commercial vehicle as the same transaction.

Trusted lender partners:

Azora Banjo Bizcap Branded Financial Capify CFI Finance Dynamoney Finance One Grenke Judo Bank Lumi MoneyMe
The TAFS Process

How tow truck finance works with TAFS

  • Step 1

    Tell us about the truck

    Send us the tow truck details, purchase price, seller information and some background on your business. Let us know whether the vehicle is ready to purchase or still needs its recovery body and equipment fitted.

  • Step 2

    We review the application

    Our team looks at the truck, business profile, finance requirements and anything else that will influence lender selection.

  • Step 3

    We find suitable options

    We compare the application against lenders from our panel and identify options suited to the transaction.

  • Step 4

    We manage approval and settlement

    Once you've chosen an option, we work through the lender requirements and documentation to get the truck settled.

Start Your Application Call 1300 558 758
FAQ

Tow Truck Finance FAQs

We don't just send applications out. We structure them properly from the start.

  • Can you finance a used tow truck?

    Yes. TAFS can arrange finance for used tow trucks, subject to lender criteria. The truck's age, kilometres, condition, purchase price and fitted recovery equipment can all be relevant to the application.

  • Can I finance an older tow truck?

    Older tow trucks can be considered by selected lenders. Acceptable vehicle ages and maximum ages at the end of a loan vary between lenders, so the truck needs to be matched with a suitable asset policy.

    Used Truck Finance →
  • Can I finance a tilt tray truck?

    TAFS can assess finance for tilt tray trucks used for vehicle transport and recovery. Tell us what the truck will carry, whether the tray is already fitted and what equipment is included in the purchase. The available options depend on the vehicle and your business.

  • Can I finance a tow truck with a new ABN?

    Finance may be available for newer businesses. Where trading history is limited, previous industry experience, credit history, expected work, the truck being purchased and any deposit can become more important.

    New ABN Truck Finance →
  • Can a sole trader finance a tow truck?

    Yes. Sole traders can apply for tow truck finance when the vehicle is being purchased predominantly for business use and the application meets lender requirements.

    Sole Trader Truck Finance →
  • Is low-doc tow truck finance available?

    Low-doc options may be available for some businesses. Requirements vary between lenders and can depend on ABN age, GST registration, credit history, the asset and the amount being financed.

    Low Doc Truck Finance →
  • Do I need a deposit?

    Not in every case. Some businesses may qualify to finance the full purchase price, while other applications can benefit from a deposit or trade-in. The position depends on the truck, the business and the lender's assessment.

  • Can the recovery body and equipment be included in the finance?

    They may be able to be included where they form part of the vehicle being purchased, subject to the lender's requirements. If the truck, body and equipment are supplied separately, TAFS will need to review the quotes and proposed payment arrangements before confirming the available structure.

  • Can I finance a tow truck bought privately?

    Yes. TAFS can arrange finance for private-sale tow trucks, subject to lender criteria. Additional checks around the seller, ownership, vehicle and fitted equipment may be required before settlement.

    Private Sale Truck Finance →
  • Can I finance a tow truck from an auction?

    Auction purchases can be considered, subject to the lender approving the vehicle and transaction. Speak with TAFS before bidding so the auction's payment deadline and any outstanding approval conditions can be reviewed.

    Auction Truck Finance →
  • Can I get finance before I find the tow truck?

    Depending on the lender and your circumstances, an indication or conditional approval may be available before you select the final vehicle. The lender will still need to approve the tow truck and purchase details before settlement.

  • How long can I finance a tow truck for?

    Finance terms depend on the applicant, the vehicle and the lender. For an older tow truck, its age, condition and expected remaining working life can be important when determining the available term.

  • How quickly can tow truck finance be approved?

    Straightforward applications can move quickly once the required information is available. Timing will depend on the lender, the application, the purchase type and any additional vehicle or seller checks. A truck that still needs a body fitted may also have a different settlement timetable from a completed vehicle.

More truck finance options

Truck Finance

Explore finance options across the full TAFS commercial truck finance range.

Rigid Truck Finance

Finance for rigid trucks used across transport, delivery and commercial operations.

Light Truck Finance

Finance for lighter commercial trucks used by businesses across Australia.

Crane Truck Finance

Finance for trucks fitted with cranes for transport, construction and material handling.

New Truck Finance

Commercial finance for businesses purchasing new trucks.

Used Truck Finance

Finance for second-hand trucks across a range of ages and commercial applications.

Private Sale Truck Finance

Finance for trucks purchased directly from another business or owner.

Truck Fleet Finance

Finance for businesses adding vehicles, replacing trucks or expanding an existing fleet.

Ready to finance your next tow truck?

Tell us what you're buying and the work it needs to handle.

We'll review the truck, understand your business and compare suitable finance options across our lender panel.

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