FAQs

Yes. Where a used truck is accepted as loan collateral, operators can select from Leasing, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own.

Monthly payments on Lease and Rent-to-Own are deductible. Chattel Mortgage and CHP payments are not deductible. The interest is deductible and the vehicle depreciated for a deduction.

Yes. Balloons are an option for Chattel Mortgage and CHP.

Rates are individually offered based on an assessment of the asset and the applicant. Rates for second-hand vehicle financing is typically higher than for new vehicle funding.

Numerous aspects of a used vehicle are assessed by lenders in preparing funding offers. The age, condition and working life are the major considerations.

Yes. Applications may be submitted and approved based on an indication of the vehicle to be purchased and loan limit guide prior to purchase.

Buyers can use an online finance calculator to work out estimated payments.

Subject to lender approval, combined heavy vehicles may be financed in the one loan.

Lenders assess the age in terms of condition and value when processing applications. The age may impact the loan amount and term.

New operators can source no doc and low doc vehicle financing through specialist lenders and brokers.