Commercial Vehicle Finance

Truck Loans Australia from 5.99% p.a.

Finance light commercial vans through to heavy prime movers. New and used truck finance with chattel mortgage, hire purchase, and lease options. Tax-effective structures for every business size.

Comparison rate 6.75% p.a.* on a $100,000 truck loan over 5 years.

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Truck Loan Calculator

Light to heavy commercial vehicles

Loan Amount

$100,000

$10,000$1,000,000

Interest Rate (p.a.)

6.99%

5.00%12.00%

Loan Term

5 years

1 years 7 years

Monthly Payment

$1,979.65

Total Interest

$18,779

Total Repayment

$118,779

Principal (84.2%)Interest (15.8%)

Principal: $100,000

Interest: $18,779

This calculator provides estimates only. Actual rates and repayments may vary based on your circumstances and lender requirements.

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Truck Finance at a Glance
Finance all truck types: vans, rigids, tippers, prime movers, refrigerated, and specialised
Used truck finance for vehicles up to 15-20 years old with specialist lenders
Chattel mortgage, hire purchase, and lease structures with full tax benefits
Finance from $10,000 to $1,000,000+ for single vehicles or fleet purchases
Low doc and full doc options for owner-operators and transport companies

Truck Finance by Vehicle Class

Truck finance requirements and rates vary by vehicle class. Heavier vehicles and higher loan amounts may require more documentation but often attract competitive rates due to the commercial nature of the finance:

Vehicle Class	GVM Range	Typical Loan Range	Rate From
Light Commercial (vans, cab chassis)	Up to 4.5t	$20,000 - $80,000	5.99%
Medium Rigid	4.5t - 8t	$40,000 - $150,000	6.49%
Heavy Rigid	8t - 15t	$80,000 - $300,000	6.49%
Prime Mover (single trailer)	15t+	$100,000 - $500,000	6.99%
B-Double / Multi-combination	Varies	$200,000 - $1,000,000+	6.99%

Owner-Operator Truck Finance

Owner-operators are the backbone of Australia's transport industry, and financing your first (or next) truck is a major business decision. We understand the unique challenges owner-operators face and work with lenders who specialise in transport finance:

New entrant programs — some lenders offer programs for first-time owner-operators with subcontract agreements or confirmed freight contracts
Low doc options — if you have been subcontracting and have an ABN with BAS history, low doc finance is available without full financials
Used truck specialists — lenders who understand that a well-maintained 10-year-old truck can still have significant economic life remaining
Balloon payments — reduce monthly outgoings during the contract period and pay the residual from trade-in or refinancing

Registration and Compliance

Financing a truck involves additional registration and compliance requirements compared to a car. These vary by state and vehicle class:

Heavy vehicle registration — trucks over 4.5t GVM require registration through the National Heavy Vehicle Regulator (NHVR) in most states
Driver licensing — appropriate heavy vehicle licence class required (LR, MR, HR, HC, or MC)
Chain of Responsibility — all parties in the transport chain have legal obligations for safety compliance
Roadworthiness inspections — heavy vehicles require periodic inspections in most states
Mass and dimension regulations — vehicles must comply with NHVR mass and dimension standards

Application Process

Tell Us What You Need

Vehicle type, new or used, approximate value. We assess the best finance structure.

Business Assessment

ABN details, financials or BAS, and evidence of transport contracts or work pipeline.

Lender Matching

We match your profile to specialist truck finance lenders for the best rate and terms.

Approval & Settlement

Approval and settlement typically within 3-5 business days for standard applications.

Related Finance Options

Ute Finance

Light commercial utes

Business Car Loans

All business vehicles

Chattel Mortgage

Tax-effective structure

Low Doc Car Loans

Self-employed finance

No Deposit Car Loans

100% financing

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.

Truck Loan FAQs

What types of trucks can be financed?

We finance all truck types including light commercial vehicles (vans, cab chassis under 4.5t GVM), medium rigid trucks (4.5t-8t), heavy rigid trucks (8t-15t), prime movers, tippers, tautliners, refrigerated trucks, and specialised vehicles. Both new and used trucks are eligible, with used truck finance available for vehicles up to 15-20 years old with select lenders.

Do I need a special licence to buy a truck on finance?

Yes, for trucks over 4.5 tonnes GVM you need an appropriate heavy vehicle licence (LR, MR, HR, HC, or MC depending on the vehicle class). Lenders will verify you hold the appropriate licence as part of the application process. For light commercial vehicles under 4.5t, a standard car licence (Class C) is sufficient.

What is the maximum age for financing a used truck?

Used truck age limits are generally more generous than car finance because trucks are built for longer service lives. Most lenders finance used trucks up to 15 years old at the end of the loan term, with some specialist lenders extending to 20 years for well-maintained vehicles with reasonable kilometres.

Can I finance a truck with a balloon payment?

Yes, balloon (residual) payments are common in truck finance, especially via chattel mortgage and hire purchase. Balloons of 10-40% reduce monthly repayments, improving cash flow for your business. At the end of the term, you can pay the balloon, refinance it, or trade in the truck.

What are the tax benefits of truck finance?

Trucks used for business are eligible for the same tax benefits as other commercial vehicles: GST input tax credit on the purchase price (chattel mortgage), interest deduction, and depreciation. Trucks also qualify for the instant asset write-off for eligible small businesses. The effective life for trucks varies by type — typically 7.5 to 15 years.

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Light commercial to heavy prime movers. Competitive rates from specialist lenders.

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