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Truck Finance Experts

Whether you’re buying your first work truck, replacing an existing vehicle or expanding a fleet, truck finance can help spread the cost of a major vehicle purchase rather than requiring the full amount upfront.

LoanBrix helps Melbourne businesses, sole traders and owner-drivers compare finance options for new and used commercial vehicles. Depending on the lender and application, finance may be available for prime movers, rigid trucks, tippers, tow trucks, refrigerated trucks, vans, utes and trailers.

If your business is purchasing several types of assets, commercial equipment finance can also be used to fund eligible machinery and equipment alongside vehicles. Read our guide to commercial equipment finance

The finance available will depend on factors such as your business history, financial position, credit profile, the truck being purchased and how the vehicle will be used. Businesses can also read our guide explaining how truck and ute finance works for Australian businesses and tradies. Truck and ute finance guide

Loan terms, interest rates, fees and security requirements can differ between lenders. The Australian Government’s business guidance recommends considering the loan term, interest rate, fees and security when assessing business finance. Business.gov.au — applying for a business loan

A LoanBrix broker can assess your situation and compare suitable commercial vehicle finance options from our lender panel.

Why Use a Broker for Truck Finance?

Truck finance can vary significantly between lenders. The type and age of the vehicle, your business history, available documentation and how the truck will be used can all affect which lenders and finance structures may be suitable.

Compare Commercial Lenders

Instead of approaching one lender, LoanBrix can compare suitable options from our panel of commercial lenders. We consider your business circumstances and the vehicle being purchased before identifying lenders whose criteria may suit the application.

If you’re financing other business assets alongside your vehicle, you can also learn more about how asset finance can be used for trucks, vehicles and equipment.

Finance for Different Types of Trucks

Depending on lender criteria, finance may be available for new and used prime movers, rigid trucks, tippers, refrigerated trucks, tow trucks, light trucks, vans, utes and trailers.

Businesses purchasing a new vehicle can also read our new truck finance guide.

Support for Different Business Situations

Truck finance isn’t limited to large transport companies. We can assess options for established businesses, sole traders, owner-drivers, businesses buying their first truck and businesses looking to expand an existing fleet.

If you’re already operating a business but purchasing a truck for the first time, see our guide to financing your business’s first truck.

Help Structuring the Finance

The loan term, deposit, repayment structure and whether a balloon payment is used can affect both regular repayments and the overall cost of the finance. We can compare available structures and explain how they differ so you can make an informed decision.

For general information on assessing business finance, Business.gov.au recommends considering factors including interest rates, fees, loan terms and security requirements.

For advice about the tax treatment of a particular finance structure, speak with your accountant or registered tax adviser.

Truck Finance LoanBrix Can Help With

New truck finance
Used truck finance
Refinancing existing truck finance
Commercial vehicle finance for vans, utes and trailers
Finance for additional fleet vehicles
Low-doc options for eligible businesses
Pre-approval options where available

Book a Time

How the Truck Finance Application Process Works

1. Tell Us About the Truck and Your Business

We start by understanding what you're purchasing, how the truck will be used and the current position of your business.

2. We Compare Suitable Commercial Lenders

We compare relevant commercial lenders based on your business, the vehicle and the information available.

3. Prepare Your Application

We help organise the documents required by the lender and prepare the application for submission.

4. Review the Finance Offer

If approved, we’ll help you understand the loan amount, rate, term, repayments, fees and any balloon payment.

5. Settlement

Once the lender’s requirements are satisfied and documents are signed, settlement can be arranged so you can complete the truck purchase.

Truck Finance Options for Businesses

Different truck finance structures may suit different businesses depending on the vehicle, cash flow, deposit, loan term and how the truck will be used.

LoanBrix can help compare suitable finance options and explain how the repayment structures differ. For tax or accounting advice, speak with your accountant or registered tax adviser.

1. Chattel Mortgage

A chattel mortgage is commonly used to finance trucks and other vehicles purchased for business use. You purchase the truck while the lender takes security over the vehicle until the finance is repaid.

May suit: Businesses that want to own the truck from the beginning of the finance term.
Key features: Flexible loan terms, deposit options and balloon payments may be available depending on the lender and application.

2. Commercial Hire Purchase

Under a commercial hire purchase arrangement, the lender purchases the truck and you make repayments over an agreed term. Ownership generally transfers once the required repayments have been completed.

May suit: Businesses looking for a structured way to finance a commercial vehicle over a set term.
Key features: Repayment terms and balloon payments may be available depending on the lender and finance structure.

3. Finance Lease

A finance lease allows a business to use a truck for an agreed period while the lender retains ownership of the vehicle during the lease term.

May suit: Businesses that prefer to use a vehicle without purchasing it outright at the beginning of the arrangement.
Key features: Lease terms, residual values and end-of-term options can vary between lenders and agreements.

4. Low-Doc Truck Finance

Some businesses may qualify for a streamlined application where the lender accepts alternative financial information instead of a complete set of financial statements.

May suit: Eligible self-employed borrowers, sole traders and established businesses with limited or recently updated financials.
Key features: Depending on the lender, supporting information may include BAS, business bank statements, trading history or other business records.

Eligibility, documentation and finance structures vary between lenders. For tax or accounting advice relating to a particular structure, speak with your accountant or registered tax adviser.

Financing machinery as well as vehicles? Read our commercial equipment finance guide.

For general guidance on business finance, see Business.gov.au’s business loan information.

Helpful Truck Finance Guides

Looking for more information before financing a truck? Explore our guides covering first truck purchases, commercial vehicles for tradies and how asset finance can be used to fund trucks and other business equipment.

Financing Your Business’s First Truck

Already running an established business but buying your first truck? Learn what lenders may consider, what information you may need and how the purpose of the vehicle can affect your application.

Read our guide to financing your first business truck →

Truck & Ute Finance for Tradies

Tradies, sole traders and contractors may be able to use commercial vehicle finance to purchase a truck, ute, van or other work vehicle. See how business use can affect your finance options.

Learn about truck and ute finance for tradies →

How Does Asset Finance Work?

Truck finance is one type of asset finance available to Australian businesses. Our broader guide explains how finance can also be used for vehicles, machinery and commercial equipment.

Explore our business asset finance guide →

Find out how much you can borrow

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 Trustindex verifies that the original source of the review is Google. Shelley was very helpful  and expedient with all of her assistance with my application and eventual approval through ANZ refinance home loan.  I initially asked for assistance on the 04/05/26 and received my settlement on the 12/05/26!!!!  Very vigilant with her communications with ANZ and myself. Thank you Shelley
  
 
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Can I get truck finance with bad credit?

Yes, it is possible. While a clean credit history secures the lowest rates, we work with several specialist lenders who look beyond your credit score. They focus on the strength of your current business cash flow and the value of the asset you are purchasing.

Do I need a deposit for a commercial truck loan?

Not necessarily. Many of our lenders offer 100% finance, meaning no upfront deposit is required. However, contributing a deposit or offering a trade-in will reduce your loan size and lower your monthly repayments.

How fast can I get pre-approved?

For standard commercial and Low-Doc applications, we typically secure pre-approvals within 24 to 48 hours of receiving your basic information.

Can I finance a used truck or buy from a private seller?

Absolutely. We finance both new and used trucks. We can also arrange finance for private sales, handling all the necessary background checks (like PPSR) to ensure the vehicle is unencumbered and safe to purchase.

Can new ABN holders get truck finance?

While most lenders prefer an ABN that has been active for at least 12 to 24 months, we do have access to “start-up” finance products for newer businesses. These may require a larger deposit or additional security, but they are a great way to get your owner-operator business off the ground.

Frequently Asked Questions (FAQ)

54 Lending Partners

We have relationships with all the major financial institutions and are constantly reviewing new and innovative loans to help provide you with the best possible solution.

Five Star Rated

We have over one hundred 5 Star ratings from clients on our Google business profile. We pride ourselves on customer service, and aim always to provide the best possible experience.

MFAA Member Since 2009

To become a member, individuals must meet specific requirements, including professional qualifications, a good character, and holding an Australian Credit Licence (ACL) or being a Credit Representative.

Truck Finance Melbourne.