Truck finance allows businesses to spread the cost of purchasing a truck over time through regular repayments.

Truck finance works much like other forms of equipment finance. A lender provides funds to purchase the truck, and your business repays the loan over an agreed term. Depending on the lender and finance structure, the truck may be used as security for the loan.

Truck finance can be used for new or used vehicles, including rigid trucks, prime movers, refrigerated trucks, tipper trucks, tow trucks and specialised transport equipment. Finance structures may include chattel mortgages, finance leases, commercial hire purchase agreements and low-doc truck loans for eligible ABN holders.

At Ausloans, we compare truck finance options from over 70 lenders to help businesses find a solution that suits their industry, cash flow and growth plans.

Yes. Many lenders offer finance for both new and used trucks.

Used truck finance is one of the most common forms of commercial vehicle finance in Australia. Lenders may finance rigid trucks, prime movers, refrigerated trucks, tipper trucks, tow trucks and other commercial vehicles, provided they meet the lender's age and value requirements.

The truck's age, condition, kilometres and intended use may influence lender eligibility, loan terms and interest rates. Some lenders specialise in older vehicles and heavy transport assets that fall outside traditional bank lending criteria.

Ausloans can help compare lenders that suit the age and type of truck you're looking to purchase.

Truck finance terms vary by lender and can range from around 1 year to 30 years in some circumstances.

The loan term available will depend on several factors including the lender, the age of the truck, the type of vehicle being financed, your credit profile and the truck's expected age at the end of the loan.

Some lenders may cap truck finance at five years, while others may offer significantly longer terms for newer vehicles, specialised equipment or strong commercial applicants. Longer terms can reduce monthly repayments, while shorter terms may reduce the total interest paid over the life of the loan.

Your Ausloans broker can help compare lenders and identify loan structures that balance affordability with long-term finance costs.

The licence required depends on the size and configuration of the truck being driven.

Australia uses several heavy vehicle licence classes, ranging from Light Rigid (LR) through to Multi Combination (MC).

Common truck licence classes include:

• LR (Light Rigid): Small rigid trucks and buses.
• MR (Medium Rigid): Larger rigid trucks with two axles.
• HR (Heavy Rigid): Heavy rigid trucks with three or more axles.
• HC (Heavy Combination): Prime movers towing a single semi-trailer or truck and dog combinations.
• MC (Multi Combination): B-doubles, road trains and other multi-trailer combinations.

Licence requirements vary by vehicle type and state regulations. Always check with your local road authority to confirm licensing requirements before operating a heavy vehicle.

Yes. Prime movers are one of the most commonly financed heavy vehicles in Australia.

Finance is available for new and used prime movers used in freight transport, logistics, construction and interstate haulage. Lenders may also finance associated transport equipment, including semi-trailers and trailer combinations.

Whether you're purchasing your first prime mover as an owner-driver or expanding an existing fleet, finance can help preserve working capital while allowing your business to acquire essential transport assets.

Ausloans works with specialist transport lenders experienced in financing heavy commercial vehicles and long-haul transport equipment.

Yes. In many cases, semi-trailers can be financed separately from the prime mover.

Businesses often purchase or upgrade trailers independently from the truck itself. Depending on the lender, finance may be available for semi-trailers, refrigerated trailers, curtainsiders, flatbeds, drop decks, tanker trailers and other specialised transport equipment.

Lenders assess factors such as the trailer's age, condition, value and intended commercial use when determining eligibility.

This can be a practical option for businesses looking to expand carrying capacity without replacing an existing truck.

Yes. Refrigerated trucks are commonly financed across Australia's transport and logistics industries.

Finance is available for refrigerated rigid trucks, refrigerated prime movers and cold-chain transport vehicles used by food distributors, wholesalers, supermarkets, pharmaceutical suppliers and logistics operators.

Because refrigerated vehicles often carry a higher purchase price due to specialised cooling equipment, finance can help businesses preserve cash flow while acquiring essential transport assets.

Ausloans can help compare lenders that understand refrigerated transport and cold-chain logistics businesses.

Yes. Specialist lenders may offer finance for B-doubles, road trains and other heavy transport combinations.

Finance is available for many heavy vehicle configurations used in long-haul freight, mining, agriculture and regional transport operations. This includes B-doubles, A-doubles, B-triples, AB-triples and road train combinations.

Because these assets are highly specialised, lenders often assess factors such as industry experience, operating history, commercial contracts and business financials when reviewing applications.

Ausloans works with lenders experienced in heavy transport and commercial fleet finance.

Yes. Many lenders allow truck finance for vehicles purchased from private sellers.

Truck finance can be used to purchase commercial vehicles from dealerships, auctions and private sellers. When financing a private sale, lenders typically require additional verification to confirm ownership and ensure the truck is free from encumbrances.

This may include PPSR checks, ownership verification and confirmation of vehicle details before funds are released.

At Ausloans, we help manage the finance process and work with lenders that support private sale truck purchases.