Capitalise on investing in heavy vehicles by utilising our specialist lending services to secure customised commercial truck finance at competitive rates. As experts in asset acquisition financing, we know the varied and at times unique requirements of Australian business operators.
We source and tailor loan packages to specifically meet your individual requirements and objectives.
The price of the vehicle is only one part of the acquisition decision making process. Integral to the decision can be the financing. The commercial truck financing must be cost-effective, workable and affordable, and tailored to the specific objectives of the business and the machinery, to make the acquisition a feasible investment.
Commercial truck loans enable business operators to acquire the vehicles they require without a capital outlay. Allowing the acquisition expense to be paid over a timeframe which is negotiated by our brokers to suit the life cycle of the vehicle or the operator’s preferred ownership cycle.
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Commercial truck financing is for vehicles to be used in a business, with a business entity taking out the funding. All types of heavy vehicles may be financed. This includes all makes, models, used and new, light, medium and heavy-duty, with all types of fuel systems.
Variants which we provide lending for include cab only, cab and trailer, cab and body, prime movers, livestock and car carriers, crane trucks, tilt tray and tow trucks, concrete mixers, waste disposal, general freight, curtainsiders, and many more.
No deposit financing is available, subject to individual lender approvals. New vehicles are generally accepted as loan security with many businesses not required to provide additional collateral. Second-hand vehicles are assessed for suitability as collateral and the value assessed for loan amount approval.
All business entities across all industry sectors can be eligible for commercial lending. An ABN is required, and applicants must provide financials and credentials for the entity.
We provide a complete portfolio of credit facilities suitable for financing commercial trucks. These include Chattel Mortgage, Lease, Commercial Hire Purchase and Rent-to-Own. All commercial credit facilities offer tax deductions, attract fixed rates, fixed terms and fixed repayment schedules.
A balloon payment is available with Chattel Mortgage and CHP, a residual with Leasing, and buyback options with Rent-to-Own. In addition to acquisition credit, we also offer refinancing facilities.
We provide business operators across Australia with the expertise and lender connections to obtain workable financing for heavy vehicles that adds value to the purchase and supports the operation in achieving targeted ROI, productivity and efficiency improvements.
Credit profiles are checked by lenders when assessing creditworthiness. Where a start-up or relatively new enterprise does not have full financials, we have lenders that offer no doc and low doc options.
To discuss how we may assist you with competitive rates from specialist lenders to minimise loan repayments and maximise the cost-effectiveness of vehicle finance, contact us by phone or online.
The features of the different credit facilities vary and consulting with an accountant is recommended in selecting the most appropriate finance product to suit individual businesses. Your Jade broker can explain the variations in credit options and provide quick quotes on your choice.
Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.
New businesses, sole traders, small entities, self-employed owner drivers, and even some SMEs, can face issues in getting approved for affordable commercial truck financing due to lack of documentation. We have contacts with lenders with greater flexibility than traditional banks and can approve affordable financing to operators without financials.
Low Doc and No Doc applicants may be required to also provide details of their personal financials and personal credit scores may also be reviewed. Additional security may be required.
Your Jade broker will be handling every stage of the loan and will guide you through the requirements and work towards negotiating a cost-effective heavy vehicle solution. Get started today.
Asset acquisition financing is available through the commercial credit market which includes the banking sector, finance companies, non-bank specialist lenders, and many vehicle dealers and manufacturers. Approval criteria, loan limits, credit scores, minimum turnover, trading period, and other aspects of getting workable financing vary across the market. To achieve the most cost-effective solution at the lowest rates, operators may need to apply to the right lender.
But many non-bank lenders that specialise specifically in the heavy vehicle lending market are not directly accessible to business operators. They work only through broker networks such as Jade Finance. Through our 80+ lender accreditations, we provide customers with access to a vast lender market and particularly to specialist commercial truck finance lenders.
We know the matrix that our lenders use to approve loans and quickly match each operator with the most suitable lender. Providing invaluable opportunities to secure lower rates and more affordable loans. For access to the right lender for your truck finance requirements, contact Jade.
Commercial truck loan interest rates vary across the lender market, with different credit facilities, and will vary based on individual business credentials. With our personal approach to sourcing finance, we address each application on an individual basis. Using the leverage we have acquired with our 25+ years in lending, to negotiate the best rates for each customer.
Review the best rates we are currently achieving to see what we may save you in total interest payable and in monthly repayments. To find out the interest rate we may source for your vehicle financing, request a quote.
Our brokers are highly skilled, know financials, and know what business operators expect from commercial truck financing. We are well aware of the unique set of objectives that operators have, and we work to achieving individual solutions to address those targets.
We individually negotiate and structure truck loan solutions with fixed interest rates to minimise the total acquisition cost, fixed terms that fit the working life of the vehicle and target ROI, and a fixed repayment schedule negotiated to work with cash flow.
Our brokers are across the latest asset acquisition tax rulings and optimise solutions to maximise benefits. For a commercial truck financing solution that is individually structured to address your objectives, speak with one of our brokers.
Applying for commercial truck loans with Jade Finance is a simple, straightforward process with your broker handling the arrangements. Simply provide us with the necessary information on your business and the vehicle to be purchased. We source the best quotes, arrange fast approvals, and assist with settlement to expedite delivery of your vehicle.
If buying at auction, applications can be submitted and approved ahead of the event. To obtain estimates prior to applying, use our handy online commercial truck loan calculator. To apply for commercial truck financing, submit your details via our online system or by phone with one of our brokers.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 15/11/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
Lease, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own can all be used for loans on light duty, medium duty and heavy-duty vehicles.
To be eligible for commercial credit, operators must hold an ABN. Self-employed operators can be eligible. Where turnover, trading period or other aspects of the business do not meet lender criteria, operators may use a broker to source Low Doc loan options.
Loan amounts are subject to lender approval. The value of the vehicle and creditworthiness and credentials of the business are reviewed when lenders approve loan amounts. Many operators can be approved to borrow the full purchase price as no deposit finance.
Balloons can be negotiated with lenders. It is astute for the balloon to reflect the projected value of the vehicle at the end of the loan period.
At the end of a Rent-to-Own term, borrowers can negotiate a buyback with the lender. When the buyback amount is paid, the borrower takes full ownership of the vehicle.
At the end of a lease term, a residual is due to be paid. Borrowers can opt to pay the residual and own the vehicle, refinance the residual with a new loan, or opt out of the residual and hand the vehicle back to the lender.
The same credit facilities – Rent-to-Own, Lease, Chattel Mortgage and CHP may be used to finance vehicles with all fuel systems. The rate is primarily determined by the credit score and credentials of the business, rather than features of the vehicles, except with used vehicles where the condition affects the loan.
Where a truck and a trailer are purchased as a single unit or purchased as separate units from the same dealer at the same time, they may be included in a single loan package, subject to individual lender approvals.
To apply for commercial financing, operators will need an ABN and provide a range of financial documents for the business operation.
Yes. Where circumstances require an operator to seek changes to an existing loan or where a loan is required for a balloon or residual, they may apply for refinancing.
