How Much Can You Borrow for a Delivery Truck?

Key highlights

• Borrowing power reflects deposit, ABN age and truck resale value
• Low-doc facilities may reach up to around $500,000 for eligible operators
• Contracted courier income can support a higher approvable amount
• Deposits and trade-ins raise borrowing power and sharpen terms
• One application to 80+ lenders shows your realistic indicative ceiling

What determines your delivery truck borrowing limit?

Your indicative limit emerges from your business and the asset together. Lenders assess how long your ABN and GST have been registered, your history repaying equipment, the deposit you can bring, and the truck's value and resale demand. Serviceability sits at the centre: reliable income from courier runs, distribution contracts or retail delivery shows the repayments are sustainable. A newer rigid or pantech supports a larger advance than an older, high-kilometre unit. Because each of the 80+ lenders on our panel weighs these factors differently, your borrowing power is really a range, and comparing shows where within that range your figure sits highest for you.

Does the truck's setup change what you can borrow?

It can. A delivery truck's body and fit-out, whether a curtainsider, pantech, refrigerated unit or tail-lift setup, affect both its price and how readily it resells, and lenders build that into the advance. A versatile truck that suits many operators tends to attract higher lending against its value, while a highly specialised or heavily customised body may be assessed more cautiously. Financing the body or refrigeration alongside the truck can raise the total amount funded, though lenders vary in how they treat the fit-out. Understanding how a lender values your complete rig before you buy helps you plan the deposit and avoid a shortfall.

How much does a deposit lift your borrowing power?

A deposit can noticeably increase how much a lender will advance and improve your terms. Eligible applicants with strong profiles and value-retaining trucks may access no-deposit finance, but contributing a deposit reduces the lender's risk and often unlocks a higher overall limit. Trading in an older truck works the same way, acting as equity toward the purchase. If you want to borrow more while keeping repayments in check, combining a deposit with a balloon payment can help balance the two. We run through a few scenarios so you can see clearly how deposit size moves both your ceiling and your monthly commitment.

What income evidence lifts the amount?

Your documentation influences the limit offered. Established delivery businesses supplying recent BAS, bank statements and financials give lenders confidence to extend more, as serviceability is clearly shown. Low-doc pathways suit eligible applicants without full financials, though the advance may be capped and asset-backing weighs more heavily. Courier contracts, distribution agreements or ongoing delivery work reinforce projected income and can raise the figure. Keeping your ABN, GST registration, identification and a purchase quote ready keeps the assessment moving. The clearer your income picture, the more comfortably a lender can approach the amount you seek, always subject to their criteria.

What indicative amounts apply to delivery trucks?

As a general guide, commercial truck funding spans from around $20,000 to $10 million or more across the market, with low-doc facilities commonly reaching up to around $500,000 for eligible operators. Indicative rates start from around 6.55% p.a., subject to assessment and your profile. These figures are indicative only and not an offer, and your actual limit depends on the truck, your deposit, your ABN history and the lender's appetite. A larger, contracted courier operation buying a mainstream truck will naturally sit toward the upper end. Comparing 80+ lenders is the surest way to see where your business lands within these ranges.

How does a broker help you borrow more?

A broker matches your profile to the right lenders rather than simply lodging and hoping. Simon Kendrick aligns your ABN, deposit and chosen truck with the lenders most likely to approve a workable amount, which protects your credit file and improves the odds of an offer meeting your purchase price. We also structure the facility, balancing term, deposit and balloon, so a higher borrowing figure doesn't strain your cash flow. For delivery operators expanding their fleet or upgrading to a larger truck, this tailored approach often unlocks more usable borrowing power than approaching a single bank.

Curious how much you could borrow for a delivery truck? Overdrive Truck Finance will provide an obligation-free quote based on your real profile. We start with a soft credit check that leaves no mark, and eligible applicants can often have a decision within 24 to 48 hours. Speak with Simon, let him compare 80+ lenders, and get a clear, realistic borrowing figure before you commit to a purchase.