Truck Finance

Quick and easy truck finance from the AAA Finance experts who get things done.  Applying for a truck loan is as easy as a phone call away. 

As well as being easy we are also quick, with most truck loans approved within 24 hours.  From city businesses, to farmers and trucking companies, we can finance your truck, regardless of where you are located nationally.

What can you purchase with truck finance?

  • Any type of truck – small, medium, heavy; flat, dump, tanker, refrigerated.
  • Trailers. Basically anything that you can pull behind a truck.
  • New or used.
  • Private sale or from a dealership.
  • Australia wide.

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3 Types of truck loans

A chattel mortgage is a type of business loan for ABN holders.  That is, the truck being purchased is classed as the ‘chattel’ and the secured truck loan classed as the ‘mortgage’.  Truck loans attract competitive interest rates and also come with tax benefits.  No doc, low doc truck loan and full doc facilities are all types of chattel mortgages.

1. No Doc Truck Finance

A no doc truck loan does not require documentation to prove income.  However you will need to sign a income declaration.  Nonetheless, there are minimum requirements for this type of loan. The business must be GST registered, operational for more than 2 years and director/s that are asset backed.

2. Low Doc Truck Finance

As the name suggests, minimal documentation is required to prove income.  Usually, interim financials will suffice, including documentation from in house accountancy software such as MYOB or XERO.  These could include one or more of the following:

  • Business Activity Statement
  • 3 months bank statements
  • Profit and loss statement
  • Accountants letter

3. Full Doc Truck Loan

Full up-to-date financials are a requirement for this type of loan.  This includes an up-to-date tax return for the business, profit and loss statement and/or a balance sheet.

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What an experience finance broker does for you

Each lender has different requirements which are constantly updated.  AAA Finance is a leader in the industry and has over 40 different lenders.  Our job is to know and understand what each of our lender’s guidelines are at any given time.  When applying for finance our brokers get to know you and your business.  They will determine the best lenders that will suit your individual circumstances.  This results in a finance approval at the best possible terms. 

Get pre-approved truck finance

Before the auction or negotiation begins you can rest easy knowing your funds are approved.  An approval will have an amount of funds available for the purchase of a particular asset class.  Having a pre-approval can add to your negotiating power and keep you in budget!

Get in touch

Phone 07 5493 1222 to discuss your truck loan requirements with one of our friendly finance experts.  Alternatively send your contact details on one of our online forms and we will be in contact shortly. 

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Truck finance calculator

Want to know how much that new truck is going to set you back in repayments?  Need to make sure the new purchase will fit into the business plan and budget?  Our online business truck loan calculator will estimate your monthly repayments based on your inputs.  You will need to input the finance amount, term in years, interest rate and also decide if you want to have a balloon payment due at the end of the loan.  Your interest rate will be determined by the type and age of asset being purchased as well as your profile and credit history.

Truck Finance | Heavy Vehicle Loans | AAA Finance

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Truck Finance FAQ's

How can I get finance for a truck?

Accessing an experienced finance broker is the easiest and most effective way to get a great finance deal. AAA Finance are experts in truck loans.

How long can you finance a truck?

Truck loan terms extend from 1 to 7 years.

What is the interest rate for truck finance?

Your truck loan interest rate depends on several factors, including previous credit history, loan amount as well as the age and type of truck being purchased. Using an experienced finance broker, such as AAA Finance, will ensure you get the best deal to suit your circumstances.

What is a good monthly truck payment?

Truck loan repayments must fit within your budget and ensure ample cash flow for your business operating costs. The repayment amount is determined by the purchase price, loan term in years as well as the interest rate.

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Useful Link: Heavy Vehicle Regulations

This link to Queensland Government Department of Transport and Main Roads has useful information regarding heavy vehicle regulations for Queensland roads.

 
Tammy Davies
Tammy Davies
27 April 2024
Excellent service provided from start to finish, Jaime kept us informed through each step. Would highly recommend. Very easy to deal with, having financed with car dealers many times, this was a seamless process and AAA ensured they secured the best deal for us.
David Marjoribanks
David Marjoribanks
17 April 2024
Jason Barry and the team at AAA Finance were great throughout what became a complex process in arranging settlement on finance for a vehicle. Jason’s continued efforts to resolve some unexpected issues and constant follow up ensured the finance settled. Without his great work it could easily have fallen over. Even the fleet company who sold the vehicle to me were singing his praises ! Thanks Jason. Will be using Jason and AAA Finance on my next purchase for sure !
Deborah Gibson-Campbell
Deborah Gibson-Campbell
2 April 2024
Exceptional service by Jason yet again. I have been engaging Jason for many years now, whenever I have used financial services for purchases and he has always obtained a great loan package for myself.
Samantha Holder
Samantha Holder
2 April 2024
Big thanks to Jason Barry at AAA Finance! From beginning to end, Jase ensured that purchasing our 2021 Jayco Work N Play was smooth and hassle-free. Even though we initially received approval with a higher interest rate, he persevered and secured a much better rate for us. He maintained excellent communication throughout the entire process. I highly recommend Jason to anyone. Thank you Jase for your outstanding service!!
Jemma Pudwell
Jemma Pudwell
15 February 2024
We have used Jase from AAA Finance twice in the last 12 months, and he has been great to deal with. Communication was great, he was very proactive especially if anything may come up and were very quick in getting it all sorted in the best possible way to suite our situation. Highly recommend and will use Jase again in the future.
Ryan Smith
Ryan Smith
14 February 2024
Just finished my process with Ray from AAA finance. The man is unbelievably genuine and taught me so much throughout the process. This wasn't just about securing my finance and Ray showed that through immaculate service. Ray has educated me and shed light onto future projects only confirming where I'll be taking my business in the future. Absolutely phenomenal and wouldn't even consider using anyone else. Thanks again Ray!
Wayne Roby
Wayne Roby
29 January 2024
AAA were awesome at helping me out of a tight situation (and with bad credit file) ! they were friendly and quick to respond. i would highly recommend them
Ree PAPMS
Ree PAPMS
23 January 2024
Jason was professional, organised and very helpful in regards to the loan for camper van. I am very grateful to have spoken to someone who managed the process so easily, flexibly and was able to provide solutions. Thank you
Emily Dimitriou
Emily Dimitriou
10 December 2023
Jason has been absolutely wonderful to deal with and we couldnt be happier with his service. Top notch 😊
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