Truck Finance Melbourne
From 5.99%
We have access to over 60+ different lenders
It’s part of our duty to ensure that you are receiving the best and stress-free equipment finance, truck loan pricing and lease term possible without any hidden fees and charges.
Get your commercial loans processed today!
30 years
$2.3 Billion
98%
Truck Loans Melbourne
Melbourne’s freight and logistics industry demands reliable vehicles and smart financing solutions.
At AGM Finance, we understand the challenges Melbourne transport operators face. The competitive nature of the industry, rising vehicle costs, and the need to maintain cash flow all require careful financial planning. That’s where our expertise comes in.
As specialist truck finance brokers in Melbourne, we connect local businesses with suitable funding from our panel of 60+ lenders. This extensive network allows us to compare interest rates, loan structures, and terms to find options that align with your operational requirements and financial position.
Our approach is straightforward: understand your business needs, assess your circumstances, and present a business truck loan that makes commercial sense.
Whether you’re an owner-driver purchasing your first prime mover or an established fleet operator expanding capacity, we tailor our service to your situation.
See How We Help Businesses Like Yours
Watch our overview to understand the AGM Finance difference and how our broker service delivers results for Australian transport operators.
Types of Trucks We Finance in Melbourne
AGM Finance arranges funding for the full spectrum of commercial vehicles operating across Melbourne:
Prime Movers and Semi-Trailers
For interstate freight, linehaul operations, and Port of Melbourne container work.
Rigid Trucks
Pantechs, curtainsiders, and cab chassis for metropolitan delivery and general freight.
Tipper Trucks
Supplying Melbourne’s construction sites and civil projects across the metro area.
Refrigerated Trucks
Temperature-controlled transport for food distribution and perishable goods.
Waste and Recycling Trucks
Commercial and residential waste collection vehicles.
Specialised Vehicles
Concrete agitators, crane trucks, tow trucks, and purpose-built equipment.
Tankers
For fuel distribution, water cartage, and chemical transportation
Used and New Trucks
We finance both options, with used trucks typically accepted up to 15-20 years old, depending on condition
How Truck Finance Works with AGM Finance
Securing truck finance in Melbourne follows a clear pathway:
Initial Discussion
Connect with our team to discuss your truck requirements, business circumstances, and preferred loan structure. This conversation helps us understand your Melbourne operation and identify suitable financing paths.
Lender Comparison
We analyse offerings from our 60+ lender panel, comparing interest rates, fees, and terms. Our industry relationships often provide access to rates not available through direct applications.
Pre-Approval Submission
With your preferred option identified, we prepare and submit your application. Our thoroughness typically delivers conditional approval within 24-48 hours.
Documentation and Assessment
Gather required documents, including financial statements, identification, and vehicle details. We manage lender communication and address any queries efficiently.
Final Approval and Settlement
Once the lender provides unconditional approval, we coordinate the settlement. Funds are released to the vendor, and you take possession of your truck.
Ongoing Partnership
Our service extends beyond settlement. We remain available throughout your loan term for refinancing discussions, early payout calculations, or fleet expansion planning.
Why Melbourne Businesses Choose AGM Finance
Key Features of Our Truck Finance
- Interest rates from 5.95% (subject to credit assessment)
- Fixed or variable rate options available
- Loan terms from 1 to 7 years
- Balloon payments to reduce monthly commitments
- No deposit options for approved applicants
- Finance for private sales accepted
- New and used truck purchases covered
- Fast pre-approval turnaround (24-48 hours)
Lender Network Access
Our relationships with 60+ specialist lenders mean you’re not limited to one bank’s criteria or rates. We match your profile with suitable lenders.
Industry Knowledge
Decades of experience financing trucks for Melbourne operators gives us insight into what lenders look for and how to present applications effectively.
Application Success Rate
Our 98% success rate reflects careful pre-assessment and submission quality. We protect your credit file by only proceeding when approval is likely.
Ongoing Support
Questions about early payout figures, refinancing options, or adding another vehicle? We’re available throughout your loan term.duration of the loan.
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What interest rate can I expect on truck finance in Melbourne?
Interest rates vary based on your credit profile, business financials, the truck’s age and type, and current market conditions. Rates typically range from 5.99% to 9%, with established businesses and newer trucks generally securing lower rates. We compare offerings from 60+ lenders to identify your best available rate.
How much deposit is required for a truck loan?
Deposit requirements differ between lenders and depend on your circumstances. Strong financial positions may qualify for no-deposit funding, whilst others might need 10-20%. Used trucks often require higher deposits than new vehicles. We assess your situation and present realistic options.
Can I finance a truck if my business is less than two years old?
Yes, though options may be more limited. New businesses typically need a director who owns property or a larger deposit (usually 20% minimum). Some lenders specialise in start-up funding and will consider strong industry experience and a solid business plan. Our Low Doc products can assist businesses with limited financial history.
What’s the difference between a chattel mortgage and a hire purchase?
A chattel mortgage provides immediate ownership with the truck as security, allowing GST claims and depreciation deductions. You own the asset from day one. Hire purchase involves the lender owning the truck until final payment, after which ownership transfers. You can’t claim GST upfront, but the approval process is often simpler. The best choice depends on your business structure and tax position.
Will you finance trucks purchased from private sellers?
Yes, we arrange finance for private sales throughout Melbourne. The truck will need to meet lender age and condition requirements, and we’ll typically require a pre-purchase inspection. Many of our clients purchase from private sellers or auctions, and we facilitate these transactions regularly.
How long does truck finance approval take?
Pre-approval usually occurs within 24 hours once we have complete information. Unconditional approval and settlement typically take 3-5 business days for straightforward applications. Complex situations or less common vehicle types might extend this timeline. We always communicate realistic timeframes upfront.
Can I refinance my existing truck loan?
Absolutely. Melbourne businesses refinance for various reasons: securing lower interest rates, releasing equity for business investment, or adjusting loan terms to better suit cash flow. We can assess your current loan and calculate whether refinancing makes financial sense for your situation.
What is a balloon payment and should I use one?
A balloon payment is a predetermined lump sum due at your loan’s end, reducing monthly repayments throughout the term. Common balloon percentages range from 20-40% depending on loan duration. Balloons help cash flow but require planning for the final payment – either through refinancing, selling the truck, or paying out. We help determine appropriate balloon structures based on your business model.
Do you finance trucks for all industries?
We finance commercial trucks across most industries operating in Melbourne, including transport and logistics, construction, waste management, furniture removal, food distribution, and more. Some specialised uses or very high-risk industries might have limited lender options, but we typically find solutions for standard commercial applications.
Melbourne Truck Finance Options
AGM Finance offers multiple financing structures for Melbourne truck operators:
Popular with established businesses, a chattel mortgage provides immediate ownership of your truck whilst using it as security for the loan. This structure offers tax advantages, including GST claims and depreciation benefits, making it attractive for profitable operations.
Melbourne businesses using chattel mortgages can structure balloon payments to reduce monthly commitments, helping manage cash flow during seasonal fluctuations common in the transport industry.
If your business has a limited trading history or you prefer a simpler approval process, commercial hire purchase may suit your circumstances. Whilst you won’t claim GST upfront, this structure often requires less financial documentation and can accommodate newer businesses operating in Melbourne’s competitive transport market.
Finance leases appeal to Melbourne operators focused on cash flow management and fleet flexibility. Rather than purchasing outright, you lease the vehicle over an agreed term with fixed rental payments. This structure can provide tax deductions on the full rental amount and keep the asset off your balance sheet.
Supporting Melbourne’s Transport Industry
Melbourne’s position as Victoria’s economic centre creates significant demand for commercial transport services.
From the container terminals at Port of Melbourne to the industrial estates of Truganina, Laverton, and Dandenong South, trucks are essential infrastructure.
AGM Finance has funded countless truck purchases for Melbourne operators across diverse sectors.
Our truck finance clients in Melbourne include owner-drivers, family transport businesses, and established fleet operators. Regardless of your business size, we approach each application with the same attention to detail and commitment to finding appropriate funding solutions.
Apply for Pre-Approval now.
Complete the quick online application with no effect on your credit score.
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We shop for the best interest rate so you don’t have to.