Buying a truck as an owner-driver is a big step — we make the finance the easy part. Here’s what to know.
Key highlights
- Owner-driver finance is built around one truck earning from day one
- A chattel mortgage suits ABN holders wanting ownership and tax benefits
- A balloon can keep repayments manageable while the truck is working
- A deposit, work history or forward contract may bridge a newer ABN
Overdrive is a specialist truck finance broker comparing 80+ banks and non-bank lenders on one application. Compare truck finance options or get a free quote in minutes.
Structures that suit a single truck
Owner-driver finance is built around one truck earning its keep from day one. A chattel mortgage is the common choice for ABN holders who want ownership and the tax benefits; a balloon can keep repayments manageable while the truck is on the road.
First-time owner-drivers
A truck is strong security, and a deposit, a solid work history or a forward contract can bridge a newer ABN. Low-doc options mean you may not need full financials to get started.
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