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Business truck loans
Upgrade or expand your fleet without paying the full cost upfront.
Requesting a quote has no impact on your Credit Score.
What is a business truck loan?
Business truck loans allow you to buy or upgrade trucks for your operations. You can spread the cost over time, rather than having to pay it all upfront.
This means you can secure the vehicle you need to transport goods, equipment, or materials, while keeping your cash flow flexible.
You can use a business truck loan to finance:
- New or used trucks
- Light commercial trucks
- Heavy-duty trucks
- Specialised trucks, like tippers, flatbeds, and refrigerated models
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More about business truck loans
Typical uses
Why might a business need a truck loan?
- Buy or upgrade trucks without draining your cash flow
- Support growing delivery or transport needs
- Finance specialised trucks like refrigerated, tipper, or flatbed vehicles
- Reduce maintenance costs by upgrading older vehicles
Which industries typically need trucks for their operations?
Common forms of collateral
Eligible assets
- Construction and trades
- Logistics
- Agriculture
- Food and beverage
- Retail
- Mining
- Waste management
- Moving and storage
- Emergency and utility services
Common industries
Who can get a truck loan in Australia?
You could be eligible for a business truck loan if your company:
- Has a current ABN or ACN
- Is registered and operating in Australia
- Has been trading for 6–12 months or more
Exact requirements can vary depending on the lender and loan type.
Eligibility
What factors do lenders consider when approving a truck loan?
Lenders typically consider things like:
- Business financial health
- Cash flow stability and ability to make repayments
- Credit history
- Truck details, including make, model, age, and condition
- How the truck will be used in the business
Typical uses
- Buy or upgrade trucks without draining your cash flow
- Support growing delivery or transport needs
- Finance specialised trucks like refrigerated, tipper, or flatbed vehicles
- Reduce maintenance costs by upgrading older vehicles
Eligible assets
- Construction and trades
- Logistics
- Agriculture
- Food and beverage
- Retail
- Mining
- Waste management
- Moving and storage
- Emergency and utility services
Common industries
You could be eligible for a business truck loan if your company:
- Has a current ABN or ACN
- Is registered and operating in Australia
- Has been trading for 6–12 months or more
Exact requirements can vary depending on the lender and loan type.
Eligibility
Lenders typically consider things like:
- Business financial health
- Cash flow stability and ability to make repayments
- Credit history
- Truck details, including make, model, age, and condition
- How the truck will be used in the business
Get a quote
Requesting a quote has no impact on your credit score.
What are the benefits of getting a business truck loan?
Upgrade or expand your fleet.
Whether you're looking to replace an older truck or grow your fleet to take on more work, a truck loan makes it achievable.
Access to specialised vehicles.
Industry-specific features often come with a higher price tag. With a loan, you can get the model you need without tying up your funds.
Better operational efficiency.
A newer truck means fewer breakdowns, lower maintenance costs and less downtime, so you can move more goods or serve more customers.
Potential tax advantages.
Your loan repayments, running costs, and the truck's depreciation may be tax-deductible.
Cash flow flexibility
Spreading the cost of the truck over time keeps more cash in hand for daily operations, growth, or unexpected expenses.
Upgrade or expand your fleet.
Whether you're looking to replace an older truck or grow your fleet to take on more work, a truck loan makes it achievable.
Access to specialised vehicles.
Industry-specific features often come with a higher price tag. With a loan, you can get the model you need without tying up your funds.
Better operational efficiency.
A newer truck means fewer breakdowns, lower maintenance costs and less downtime, so you can move more goods or serve more customers.
Potential tax advantages.
Your loan repayments, running costs, and the truck's depreciation may be tax-deductible.
Cash flow flexibility
Spreading the cost of the truck over time keeps more cash in hand for daily operations, growth, or unexpected expenses.
Upgrade or expand your fleet.
Whether you're looking to replace an older truck or grow your fleet to take on more work, a truck loan makes it achievable.
Access to specialised vehicles.
Industry-specific features often come with a higher price tag. With a loan, you can get the model you need without tying up your funds.
Better operational efficiency.
A newer truck means fewer breakdowns, lower maintenance costs and less downtime, so you can move more goods or serve more customers.
Potential tax advantages.
Your loan repayments, running costs, and the truck's depreciation may be tax-deductible.
Cash flow flexibility
Spreading the cost of the truck over time keeps more cash in hand for daily operations, growth, or unexpected expenses.
Things to consider before applying
Potential drawbacks to be aware of
What are the potential risks of getting a truck loan?
- Trucks lose value over time, so you may owe more than the truck is worth if you sell it early.
- Some loan agreements have restrictions, such as limits on modifying the truck or early repayment fees.
- Beyond the principal amount, you'll also need pay interest over the life of the loan.
Questions to ask yourself
What to reflect on before getting the loan
☐ Can my business comfortably afford the repayments?
☐ Do I genuinely need a new truck?
☐ Will this truck support my business growth goals?
☐ Is this the right type and size of truck for my operations?
At a glance
MAXIMUM LOAN AMOUNT
N/A
MINIMUM LOAN AMOUNT
5,000
SPEED
Fast
INTEREST RATE
From 6.99%
MAXIMUM LOAN TERM
7 years
MINIMUM LOAN TERM
3 months
Requesting a quote has no impact on your Credit Score.
Potential lenders
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How to apply for a business truck loan
STEP 1: GET A QUOTE
Tell us about your business loan needs and immediately receive quotes from over 90+ bank and non-bank lenders.
STEP 2: GET APPROVED
Confirm your quote and we handle your business loan approval so you can focus on what matters—your business.
STEP 3: GET FUNDED
Sign your finance documentation and receive funding. It is that simple.
Get a quote
Requesting a quote has no impact on your credit score.
What sets us apart
DIY business loans
Lender access
Access to 90+ lenders matched to your business profile
Limited to the lenders you can find
Expert guidance
A lending expert is with you every step of the way
No expert help- you're on your own to understand requirements and loan options
Time investment
One single application
Multiple applications and follow-ups with different lenders
Matching accuracy
Our product-matching software combined with human insight pairs you with best-fit lenders
Trial and error- may apply to several lenders who aren't suitable
Application process
Streamlined, digital, and guided
Manual and varies across lenders
Approval speed
Funding in as little as 24 hours
Slower, as each lender has its own process
Chances of approval
Higher chance of approval with tailored lender matching
Risk of rejection when applying with the wrong lender or product
Understanding loan terms
Our lending experts make sure you fully understand the terms before you say yes
You’ll need to interpret lender jargon and fine print yourself
How we help fuel your business growth
PERSONALISED SUPPORT
Our expert brokers cover all areas of commercial finance. From your first quote to settlement and beyond, you’ll have a dedicated broker by your side—ready to support your funding needs now and in the future.
BUILT FOR AUSTRALIAN SMEs
Since 2015, we’ve helped over 20,000 Australian SMEs across every industry access $2.5+ billion in funding—supporting them through challenges and unlocking new opportunities.
FAQ's
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Hear from our clients
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Awards & key milestones
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