A newer ABN doesn’t have to stop you financing the right truck. Here’s how new businesses get approved.
Key highlights
- A newer ABN needn't stop you financing the right truck
- Some lenders fund newer ABNs, occasionally from day one, subject to criteria
- A deposit, industry experience or a forward contract strengthens the application
- Low-doc and rent-to-own structures may bridge a short trading history
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.
How new is too new?
Some lenders want 2+ years trading, but plenty fund newer ABNs — and some fund from day one — especially with a deposit, relevant industry experience, or a forward contract in hand. The truck itself is strong security, which works in your favour.
Strengthening a new-ABN application
A deposit, a clean personal credit file, evidence of the work lined up, or property ownership all help. Low-doc and rent-to-own structures can bridge the gap while you build a trading history.
We work with lenders who back new transport businesses. Get an obligation-free quote and we’ll match you to the ones that fit.
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