FAQs

We have financing options for a wide variety of trucks, including light, medium and heavy-duty trucks. If you’re looking to purchase a new or used truck, Jade’s expert brokers can tailor a loan to suit your specific business needs. The brands used most within Australia are Volvo, Scania, Fuso, Hino, Isuzu, Kenworth, Mack, and Mercedes trucks.

Businesses can finance heavy vehicles with their choice of Lease, Rent-to-Own, Commercial Hire Purchase and Chattel Mortgage. The best option will be the loan type that suits the tax, balance sheet and accounting approach of the enterprise.

The same credit facilities are used to fund all types of vehicles. The specifics of the funding – interest rate, approved amount, terms and conditions, can vary with the applicant’s profile and with the age and condition of used vehicles.

Where a truck and trailer are purchased as one unit from the same dealer at the same time, lenders generally provide a single loan for the acquisition.

Interest rates on heavy vehicle funding vary with the different credit types and with the credit profile and strength of individual applications. There is no general rate.

All commercial asset acquisition credit products proved for tax deductions. The way the deductions are made vary with the different products.

A truck loan balloon payment is paid at the end of the funding term, after the last monthly repayments are made.

Where a new operator does not meet lender approval criteria in regard to full financial documentation and time in business, they may seek no doc and low doc credit options through finance brokers.

To apply for commercial credit, businesses need an ABN, ID and documents verifying their financial position, turnover, tax, assets and liabilities and income.

The same credit products are used to fund both new and used heavy vehicles. Rates terms and conditions can vary on funding for use compared with new models.

Operators requiring estimates of vehicle funding prior to requesting quotes can use an online funding calculator as provided by banks, brokers and other lenders.