Truck Finance Adelaide

Rates depend on your credit history, business financials, and the truck’s age and condition. Current rates typically range from 5.99 % to 9% for qualified applicants, with stronger profiles and newer vehicles generally attracting lower rates. We compare options across 60+ lenders to find competitive pricing for your circumstances.

Not necessarily. Deposit requirements vary between lenders and depend on your financial position. Strong applications may qualify for no-deposit finance, while others might need 10-20% down. Used trucks often require larger deposits than new vehicles. We assess your situation and present realistic options.

Yes, though requirements are typically stricter. Newer businesses usually need either a property-owning director or a deposit of around 20%. Relevant industry experience strengthens your application. Our Low Doc products can assist businesses with limited trading history or financial documentation.

With a chattel mortgage, you own the truck from day one and can claim the GST upfront. The vehicle is security for the loan. Hire purchase means the lender owns the truck until your final payment, when ownership transfers to you. GST cannot be claimed upfront with hire purchase, but the approval process is often simpler. The best option depends on your tax situation and business structure.

Yes, we regularly arrange finance for private sales in Adelaide and across South Australia. The truck must meet lender requirements for age and condition, and we typically require a pre-purchase inspection. Many Adelaide operators purchase through private sales or auctions, and we can facilitate these transactions.

Pre-approval generally takes 24 hours once we have your complete information. Full approval and settlement typically occur within 3-5 business days for straightforward applications. More complex scenarios may take longer. We communicate realistic timeframes upfront so you can plan accordingly.

Yes. Adelaide businesses refinance for various reasons: securing better rates, releasing equity for other business needs, or adjusting loan terms to improve cash flow. We can assess your existing loan and calculate whether refinancing makes financial sense for your situation.

A balloon payment is a lump sum due at the end of your loan, which lowers your regular monthly payments. Common balloon amounts range from 20% to 40% of the purchase price. At loan end, you can pay out the balloon, refinance it, or sell the truck. Balloons suit operators who want lower ongoing costs but require planning for the final payment.

We finance trucks for most commercial purposes across South Australia, including linehaul, local delivery, construction, agriculture, waste management, and mining support. Some specialised applications or higher-risk industries may have limited lender options, but we generally find solutions for standard commercial use.