Current rates start at 6.55% but may vary depending on the age of the truck being purchased and the credit score of the applicant

Customers can use the finance calculator on our web site in order to obtain an approx payment based on the purchase price and age of the truck

Our business has been built on repeat customers and customer referrals over the last 16 years – so it is very important that we provide the best possible market rate whenever we issue a finance approval

Our client inputs their information into the easy to complete form on the APPLY NOW section of our website. Then a quick calculation is undertaken on the submitted data, with a pre-approval given within a few seconds

No formal credit search is undertaken for pre-approvals up to $500K with means our applicants credit score is unaffected

If the applicant is successful, they will receive either an email or a phone call indicating what is required for both unconditional approval and settlement

Pre-approval up to $500K is given within seconds

Unconditional approval takes 24 – 48 hours after we receive the required information (such as a signed privacy form and income verification if required)

Settlement can be achieved the day after unconditional approval if the Truck is being purchased through a licenced Truck dealer. Otherwise, a private sale can take a bit longer, given the additional paperwork we need to obtain from the vendor

We finance all types of Trucks with endless configurations as long as the vehicle has a VIN number, engine number and registration number

Under our No Doc or Low Doc policy we primarily fund Trucks no older than 20 years old at the end of term. This means if the Truck Loan is over a 5 year term, the Truck can be no older than 15 years old at the time of purchase. If the truck is older than 15 years old at the time of purchase, we can shorten the loan term to make it fit within policy

If the Truck is older than 20 years at end of term, we can still assess on a case-by-case basis. We might however require bank statements on the business account or accountant prepared financials to verify income

Most of our Truck Finance facilities are Chattel Mortgages. However, we can provide Finance Leases, Commercial Hire Purchases or Rentals. All facilities work differently given tax treatments and varying business structures. We encourage our clients to confirm with their accountant which facility will best suit their business

We can offer Truck Finance for new start businesses—no deposit required for loan amounts up to $175K. A deposit will be required if the purchase is greater than $175K (typically 10% to 20%)

We need to see a work source letter or work contract confirming our clients has ongoing work

Also required is confirmation that our customer has funds in the bank to cover running costs for the first 3 months (must be genuine savings)

Heavy Vehicle Finance is located in Brisbane – however we have clients Australia Wide. Once a broader relationship has been nurtured, the relevant Relationship Manager will organise an interstate visit to further understand the client’s business

We successfully have clients Australia Wide given the fact our approval process is online and we issue documents via email or DocuSign. Customers of Heavy Vehicle Finance can also call our office number or their dedicated Relationship Manager’s mobile number at any time

In addition to funding Trucks, we also provide Finance for all types of Heavy Equipment used in Heavy Industry. The only requirement is that the Asset we finance has identifiers and is used for business purposes

As we only specialise in Truck and Heavy Equipment Finance we are unable  to assist with Loans such as Personal Loans, Home Loans or Recreational Vehicle Loans