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Truck and trailer finance · $20,000 – $500,000
Finance for operators, not office workers
Prime movers, rigid trucks, trailers, tippers and yellow goods. For owner-drivers and fleets, assessed on the work the truck will do.
Heavy vehicle finance sits between equipment finance and commercial lending. Lenders look at the asset, the contract or work behind it, and your history in the industry.
Owner-drivers stepping out on their own for the first time are fundable, but the panel narrows and pricing reflects it. Established operators with trading history and existing contracts have more room to move.
What it typically covers
- Prime movers and rigid trucks
- Trailers, tippers and tautliners
- Excavators, loaders and yellow goods
- Fleet additions and replacements
- Refinancing existing heavy vehicle debt
- Private sale purchases
What you get from us
Industry-aware
Heavy vehicle lending has its own rules. Generalist lenders often get it wrong.
Owner-drivers considered
First-time operators are fundable — expect a narrower panel and firmer pricing.
Fleet or single unit
One trailer or ten prime movers, the assessment approach is the same.
Refinance existing units
Worth reviewing if your current facility was written when rates were higher.
Eligibility
What lenders look at
- You're 18 or over and an Australian citizen or permanent resident
- You have some regular income — from work, self-employment, superannuation, investments or a pension
- You're borrowing an amount you can service comfortably — most of our panel starts around $10,000
- You can comfortably meet the repayments alongside your existing commitments
Every lender on the panel weighs these differently, so none of it is a fixed cut-off — send the enquiry and we'll tell you honestly what is and isn't available. If money is already tight, the National Debt Helpline offers free, independent financial counselling, with nothing to sell you.
Enquire about truck & trailer
Two minutes. No credit check.
Rates
Why there's no rate on this page
Heavy vehicle finance is priced on the unit, your industry history and the work behind it. This is business lending and sits outside the National Credit Code, so no comparison rate applies. We quote against the specific unit and your trading position.
Rates for our unsecured and secured personal lending, including comparison rates and a representative example, are set out in full at the bottom of every page.
Common questions
Before you enquire
I'm a first-time owner-driver. Can I get finance?
Yes, though the panel is narrower and pricing is firmer than for an established operator. Industry experience as an employed driver counts in your favour, as does a confirmed contract.
Does the age of the truck matter?
Yes. Older units restrict the term available and reduce the number of lenders willing to participate. Very old units may need to be funded as a secured business loan instead.
Can I finance a private sale?
Yes, subject to inspection, valuation and a PPSR check to confirm the unit isn't encumbered.
Is this regulated consumer credit?
Generally no. Heavy vehicle finance for business use falls outside the National Credit Code, so consumer protections do not apply in the same way.
Get a straight answer
Tell us the position and we'll come back with what the panel can realistically do — including if the answer is no.
Start an enquiryHeavy vehicle finance is assessed differently
A prime mover is not a large car as far as a financier is concerned. The assessment turns on the resale market for that specific class of vehicle, on how the truck will be worked, and on whether the operator has the history to run it profitably.
Age and kilometres set the terms
Most of our panel will fund prime movers and rigids well into higher hours, but the term shortens as the vehicle ages. A late-model unit may attract a five to seven year term; a fifteen-year-old truck with high kilometres is more likely to see three, with a larger deposit. That is a function of what the financier expects to recover on resale, not a judgement on the vehicle.
Trailers finance well
Trailers hold value predictably and have a deep second-hand market, which makes them straightforward security. Tautliners, flat tops, tippers, curtainsiders, drop decks and refrigerated units are all standard business. Trailers are commonly financed separately from the prime mover, which lets you structure the terms independently.
First truck versus fleet addition
These are genuinely different applications. An operator adding a fourth unit to a running fleet brings trading history, existing contracts and a demonstrated ability to keep a truck earning — that assessment is largely mechanical.
A driver buying their first truck to go out on their own is assessed on potential rather than history. What helps is a documented contract or a written commitment from a prime contractor, a deposit of real substance, and years behind the wheel with a clean licence. It is very much financeable; it needs more preparation.
Owner-drivers and sub-contractors
If you sub-contract to a single major operator, say so in your enquiry. Several lenders on our panel treat a demonstrable ongoing contract as a meaningful strength, and it can materially change the terms offered.
Cost the truck, not the repayment
The finance repayment is one line in the operating cost of a heavy vehicle. Registration, CTP and insurance on a prime mover, fuel, tyres, scheduled servicing, compliance and the maintenance that arrives unannounced all sit alongside it.
A repayment that looks affordable against the rate you are charging per kilometre can stop looking affordable the first time a gearbox goes. Build a maintenance reserve into the numbers before you commit to the term, and be honest about the residual you are agreeing to carry.