Preserving cash flow is critical for transport businesses. No deposit truck finance — also called 100% finance — lets you get the truck on the road without depleting your working capital. And for eligible applicants, it's more accessible than most people think.
What Is No Deposit Truck Finance?
No deposit truck finance means the lender funds the full purchase price of the truck — you don't need to contribute a cash deposit upfront. Repayments begin immediately and cover the full loan amount plus interest over your agreed term, typically 24–84 months. No real estate or property security is required — the truck itself is the security.
Who Qualifies for No Deposit Truck Finance?
The following criteria are typically required to access zero deposit truck finance:
- ABN registered for 2+ years
- GST registered for at least 2 years
- Clean or acceptable credit file — no unsatisfied defaults or recent bankruptcies
- Consistent cash flow evidenced by recent bank statements
- Purchasing a truck that is not too old — most lenders prefer assets under 10–15 years for zero deposit
Businesses with a newer ABN, adverse credit, or purchasing older trucks may still qualify for zero deposit through specialist lenders on our panel, though conditions will vary.
What Trucks Can Be Financed with No Deposit?
- Prime movers and semi-trailers (Kenworth, Scania, Volvo, Mack, Western Star, Freightliner)
- Tipper trucks (single, tandem, tri-axle)
- Rigid trucks — flat bed, curtain-sider, tray body
- Refrigerated trucks
- Crane trucks and tilt trays
- Concrete agitators
- Isuzu, Hino, UD and Fuso medium-duty trucks
- Tow trucks and car carriers
New vs Used Trucks — Does It Affect Zero Deposit Eligibility?
Yes. Most lenders offer zero deposit most readily on new or near-new trucks, as the asset retains its value and serves as strong security. For older trucks — particularly those over 10 years old — a small deposit (10–30%) may be required. Some specialist lenders will still consider older assets without a deposit for well-qualified applicants.
Private sale and auction purchases are fully supported — you don't need to buy from a dealer to access zero deposit finance.
Can I Get No Deposit Truck Finance with Low Doc?
Yes — low doc and zero deposit can be combined. For loans up to $500,000, many lenders on the Overdrive Funding panel offer no deposit truck finance with low documentation: just your ABN, driver's licence and 3–6 months of bank statements. No tax returns or full financials required.
Our team at Overdrive Funding compares 80+ lenders to find the right zero deposit truck finance for your profile. Contact us today — our service is 100% free.
If you want to compare the whole market on your next purchase, start with our truck finance page.