Loan Security
While new vehicles are readily accepted as security for new truck loans, second-hand vehicles require evaluation by lenders as acceptable finance security.
Competitive Rates, Workable Terms – Individual Used Truck Finance from the Experts
Ensure your investment in a second-hand vehicle is an astute move with our competitive rates and workable terms on used truck loans. We have the lenders, the selection of credit options, the expertise, and the initiative to deliver best rates for financing on used trucks, personalised for the vehicle and the operator.
Why Jade Finance?
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The easy application process provides you with comprehensive information. Make a fully informed decision on your truck loan.
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Save time, money, and worry - Get Pre-Approval for your finance. You'll be good to go when you find your dream truck.
Truck Loan Specialist
With over 25 years of experience in finance, we have a reputation for negotiating great rates with same-day approvals.
Truck Loans for All Operators and Industries
All vehicles, including light, medium, heavy duty, and trucks with a bit of age are not a problem. All operators – any size, time in business, or low financials are also covered. Regardless of industry or applications like urban, regional, interstate, or remote operators, we have options to cater for them all.
If you’re planning to buy a second-hand vehicle from a dealer, private seller, or at auction, speak with us about an individually sourced loan for a used truck at our great rates.
Overview to Understand Used Truck Finance
A key difference between loans for used trucks compared with financing new vehicles is that the vehicle and the operator are both integral to the application.
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Secured or Unsecured Finance
The age and condition of the vehicle determines the suitability as collateral which determines whether secured or unsecured financing is required. The value and working life of the vehicle can impact the terms offered on used truck loans.
Other Factors
The operator’s profile, financials and credit score are assessed to determine approval, interest rate, and any special conditions on the loan. The value of the vehicle relative to the loan amount requested, in conjunction with financial credentials and credit history, can impact the loan amount approved.
Market Variance
The assessment and approval guidelines used by lenders vary across the market. With our personal service and vast market access, we assist operators to connect with the lender that is best suited to make the most attractive used heavy vehicle finance offer.
Specialist Broker Advantage
Using our specialist broker services can be invaluable in securing financing for used trucks at the best available rates and terms that deliver repayments that work with cash flow.
All Used Truck Finance Facilities Available
To discuss your options or to request a quote, contact us and speak directly with one of our brokers.
- CHP & Chattel Mortgage Used Truck Finance
- Used Truck Leasing.
- Rent-to-Own Used Heavy Vehicle Loans.
- Unsecured Business Loan – no collateral option.
Truck finance guides and resources
Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.
Specialist Truck Finance
Business Finance
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![A red Kenwood truck parked on a gravel road]()
Choose the Right Credit Facility for Your Used Truck Purchase
Where a vehicle is accepted as security for a used truck loan, operators can select from Chattel Mortgage, Rent-to-Own, Leasing and Commercial Hire Purchase as their credit facility. The features of these facilities vary in regard to:- their compatibility with either the cash or accruals method of accounting; ownership of the vehicle over the term which impacts the balance sheet; the way tax deductions are delivered; and in the interest rate. Residuals, balloons and buyback options are available, for the respective products.
These facilities can be utilised by all types and sizes of commercial operations including fleets, large corporations, private companies, family enterprises, partnerships, SMEs, self-employed and sole traders and can suit all types of vehicles.
Consulting with an accountant on which credit facility will deliver the best outcome for the business is strongly advised.
Where a vehicle is not considered acceptable collateral by lenders, we offer workable rates and terms on Unsecured Business Loans. Use our used truck loan calculator to work up estimates for budgeting, vehicle comparisons and pre-planning.
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![A few trucks driving away down the highway during sunrise]()
Access to Specialist Used Truck Loan Solutions – New Biz, Sole Trader, No Financials
As experts in the truck financing market, we know that some operators face challenges when applying for used truck loans. Challenges arising from the length of time they have been operating, their turnover, lack of financials, and credit issues. Issues that prevent operators from meeting the approval criteria set by some banks and finance companies.
We assist with our access to no doc, low doc used truck financing solutions through specialist non-bank lenders. We know the criteria used by our lenders and match operator with lender and handle the negotiations.
When approved on a no financials or poor credit basis, operators can select the appropriate credit facility – Lease, Rent-to-Own, CHP or Chattel Mortgage.
If you’re facing, or think you could face, issues sourcing credit yourself through traditional channels, contact us for what we may be able to offer.
- Personal service for operators with credit & criteria issues.
- Low Doc No Doc Used Truck Loans.
- Used Truck Finance Solutions for sole traders, new, start-ups.
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Easy Access to Specialist Used Truck Financing Lenders – 80+ Lender Base
Aspects of the vehicle – age, condition, lifecycle, can be integral to securing the best loans for used vehicles. But the guidelines used by lenders to assess vehicles vary across the market. Some lenders place age limits of the vehicles eligible for financing.
Guidelines also vary in regard to credit scores, turnover levels, strength of financials and other metrics of the business operation. The cumulative result being that the truck finance offer may depend very much on the lender.
Through our accreditation with more than 80 lenders, we provide operators with access to both traditional banks and non-bank lenders that specialise in heavy vehicle financing. Ensuring the best rates and terms are achievable to deliver workable outcomes, regardless of the age of the vehicle. Our lender panel includes lenders that have no restriction on the age of vehicles when it comes to considering used vehicle finance applications.
We handle the process of identifying the lender to suit the vehicle and the operator, and handling rate and term negotiations and structuring the solution to suit individual objectives.
Ensure the advantages of acquiring a second-hand vehicle are not devalued with the financing. Contact Jade and speak with one of our brokers.
- Access to 80+ lenders – major banks, specialist truck financing lenders.
- Experts in loans for older trucks.
- No vehicle age restriction lenders.
- Specialist brokers to handle used truck loans.
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Use Jade Finance for Best Used Truck Loan Interest Rates, Flexible Terms
We’re specialists in used truck financing, with over 25 years of experience assisting operators of all types, across all industry sectors with securing affordable loans. We know the lending market, and we know the market for heavy vehicles. We know which lenders are currently offering the best interest rates on used truck loans and we use the leverage we have built-up in the market to negotiate the best deals for our customers.
Used truck loan interest rates are sourced from across our 80+ lender base to ensure they are the best available. Rates on secured financing products are fixed to ensure a consistent, unchanged repayment schedule over the loan term.
The loan term can be critical to repayments and impacts on cash flow. Our brokers negotiate to achieve the most workable term, in line with the life cycle of the vehicle, and the cash flow expectations of our customers. Our brokers have sharp financial skills and structure financing outcomes to optimise available tax benefits, balloons and residuals.
We handle financing of all second-hand makes, models and configurations of light, medium and heavy-duty vehicles including cab only, cab and body, truck trailer, prime mover, refrigerated vehicles, concrete and crane trucks, car and livestock carriers, tip and tow trucks, general freight models, long haul vehicles, B-doubles and smaller delivery vehicles.
For personalised service to secure a used truck loan customised for you and your vehicle, connect with us online or by phone.
- Expert used vehicle finance brokers, personalised service.
- Customised used truck loans.
- Lowes fixed rates, flexible fixed terms, workable fixed repayments.
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![The interior view of the drivers cabin in a new truck]()
Simple, Fast Used Truck Loan Application & Approvals
Trucks are built to last a long time, making the second-hand heavy vehicle market particularly strong. Buyers can’t waste time when they source the vehicle they want. We assist with our easy application process and fast approvals service.
Applications can be made online for those on the road for most of the day or over the phone. We handle the entire process with many receiving approvals within 24 hours. For auction buyers, applications can be submitted for pre-approval, so buyers have confidence to bid to their approved loan limit. Use our used truck finance calculator for quick estimates prior to applying.
Contact us now to get your used truck loan application rolling.
- 24 hour approvals.
- Fast, easy used truck application service.
- Pre-approved finance for auction buyers.
- Online and phone applications.
- Online used truck loan calculator.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 16/09/2024 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.
We work harder to secure the best rates.
Used Truck Finance FAQs
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Yes. Where a used truck is accepted as loan collateral, operators can select from Leasing, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own.
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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.
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Yes. Balloons are an option for Chattel Mortgage and CHP.
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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.
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Numerous aspects of a used vehicle are assessed by lenders in preparing funding offers. The age, condition and working life are the major considerations.
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Yes. Applications may be submitted and approved based on an indication of the vehicle to be purchased and loan limit guide prior to purchase.
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Buyers can use an online finance calculator to work out estimated payments.
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Subject to lender approval, combined heavy vehicles may be financed in the one loan.
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Lenders assess the age in terms of condition and value when processing applications. The age may impact the loan amount and term.
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New operators can source no doc and low doc vehicle financing through specialist lenders and brokers.