FAQs

Find answers to common questions about finance, loans, and leasing services at Jade Finance. Our FAQs cover a wide range of topics to help you make informed decisions.
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No Deposit Truck Loans FAQs

  • Subject to lender approval all types of heavy vehicles may be subject to funding without a downpayment. This includes cab only, cab and trailer, livestock haulers, car carriers, B-doubles and triples and other variations.

  • Yes. All commercial entities with an ABN may apply for complete vehicle purchase credit.

  • No. The same tax deductions apply whether or not a downpayment has been made on the heavy vehicle purchase.

  • Subject to lender approval, full purchase price funding is available for new and used vehicles.

  • Yes. The relevant features and tax benefits of the selected credit facility still apply regardless of the amount of the credit.

  • Interest rates are based on individual assessments of applications by lenders. The total amount being requested is assessed in relation to the applicant’s position. Rates are subject to individual lender approval but the same rate may be achieved for 100% and less than 100% vehicle funding.

  • Buyers wanting to compare the difference in monthly repayments when no downpayment is made with making the downpayment, can use an online calculation device as provided by brokers and lenders. The credit amount can be changed in the device while leaving the rate, term and balloon the same to see the different repayment amounts.

  • Yes. The full selection of credit facilities – Leasing, CHP, Chattel Mortgage and Rent-to-Own may be used when applying for the full purchase cost credit.

  • A range of heavy vehicles and combinations may be funded with 100% purchase credit. Where a cab and trailer require funding, both units must be acquired from the same seller.

  • When any extras on a vehicle are purchased from the same dealer as the vehicle and included on the dealer invoice, in most cases they can be included in the vehicle credit.

  • Funding without a downpayment does not exclude the dealer requesting an initial payment to confirm the purchase. Ask the dealer if the holding payment can be refunded after the credit is settled on the full cost.

  • 100% purchase price credit is when the entire cost of the vehicle’s acquisition is included in the funding arrangement.

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