FAQs

New operators approved for financing without financials can select from Rent-to-Own, CHP, Leasing and Chattel Mortgage.

The minimum requirements for commercial credit are an ABN and ID. Where no doc finance is required, minimal financial documentation is required.

A balloon is optional with CHP and Chattel Mortgage for all operators.

Where an operator does not have full financials, they may contact a broker to source low doc funding through specialist non-bank lenders.

Leasing is one of the commercial credit facilities available to finance heavy vehicles.

Most commercial credit uses the assets being acquired as the collateral. Some new and smaller operators may be required to provide additional collateral, subject to individual lender guidelines.

When approved for financing, new operators are entitled to the tax deductions relevant to the selected credit product.

Approval for financing can be given prior to purchase, based on an estimate of the loan total and an indication of the vehicle being considered.

Commercial credit facilities have variations with suitability to accounting methods, different approaches to the balance sheet and tax. Applicants are advised to speak with an accountant for guidance on which facility is best suited to their structure and objectives.

Online truck finance calculators are readily available for operators to calculate their own loan estimates.