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Key Takeaways
- Dealer finance is presented at the point of sale but often carries higher rates and fees built into the contract structure.
- On a $300,000 truck over five years, two percentage points in rate difference adds roughly $15,000 in extra interest.
- An independent broker compares 80+ lenders and negotiates on your behalf — a dealer only offers one funder's rate card.
- Chattel mortgage, hire purchase and finance lease each have different tax and cash flow implications — understanding them saves money.
- If you already have a dealer or bank quote, we can review it free of charge and tell you if we can beat it.
- Asset finance deals: We guarantee the best deal available in the market and our services are free — we're paid a "referral fee" by the lender after settlement, no cost to you.
When you run a business in the transport, civil construction, or agricultural sectors, your trucks and machinery are the backbone of your daily operations. Whether you are replacing an ageing prime mover or expanding your fleet with a new excavator, acquiring these assets requires significant capital.
Often, the quickest path to getting behind the wheel or operating a new machine appears to be dealer finance. It is presented to you right at the point of sale, usually when you are excited to wrap up the deal. However, taking the convenient option on the showroom floor can sometimes be a costly long-term decision.
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Use our truck finance calculator to estimate weekly or monthly repayments before you get a formal quote.
The Real Cost of 'Convenient' Dealer Finance
Dealerships are experts at selling equipment, but they are also experts at selling finance. Because they have a captive audience, dealer finance packages can sometimes carry higher interest rates or hidden fees that are built into the overall contract structure. For a busy operator, these small percentage differences might seem insignificant on a monthly basis, but over a five-year term, they can add thousands of dollars to the total cost of the asset.
Similarly, traditional business banks are not always the easiest to deal with. Securing a simple commercial loan can turn into an endless cycle of paperwork, phone queues, and rigid lending criteria that do not take into account the seasonal realities of your business.
Why an Independent Broker Makes Sense
This is where working with a dedicated finance broker can change the equation. Instead of being locked into a single lender's product line, an independent broker works for you. They have access to a broad panel of lenders, meaning they can compare multiple options to find a highly competitive solution suited to your business framework.
Simon Kendrick offers some of the lowest rates in the market, with a clear focus on beating traditional bank and dealer rates. By accessing specialised commercial lenders who understand heavy transport and earthmoving equipment, Simon Kendrick can secure finance options that might not be available to the general public or through standard retail bank channels.
Understanding Your Options
Commercial finance comes in several structures, such as chattel mortgages, hire purchases, and equipment leases. Each has distinct tax implications and cash flow treatments. A local broker can explain how these general structures work, allowing you to discuss the options with your accountant. This educational approach ensures you are making an informed decision for your business's financial health, rather than just accepting whatever template structure the dealership's finance manager has on hand.
Local Support You Can Count On
We understand that your time is valuable. You do not want to spend your evenings deciphering complex finance terms or waiting on hold with a call centre. By speaking with a local broker near you, you get a dedicated point of contact who understands your local market and speaks your language.
Your local broker handles the paperwork, communicates directly with the lenders, and ensures the process moves quickly so you can get your new machinery on-site and earning money. There are no automated voice recordings or rigid corporate rules — just honest, warm, and professional assistance designed to help your business acquire the assets it needs to thrive.
Before You Sign, Compare
If you have already received a finance quote from a dealer or your day-to-day business bank, do not feel rushed to sign on the dotted line. It pays to get a second opinion.
An independent broker can review your existing quote and present competitive alternatives. In many cases, we can beat bank and dealer rates, leaving more capital in your business to fund operational expenses, fuel, maintenance, and growth.
To find out how we can help, speak to a local broker near you today. Let Simon Kendrick compare the market and help you secure competitive truck finance and machinery finance with minimal hassle — or get a free quote online.