Used Commercial Truck Finance
Used commercial truck finance at cheap rates and flexible terms tailored to your business. Whether you're buying new or used from a dealer, private seller or auction, we structure your finance properly and negotiate a deal that's hard to beat anywhere else.
Used Commercial truck Finance Deals: Low Rates, Fast Approvals
As a trusted commercial truck finance broker with a strong industry reputation, we help ABN holders secure finance for new and used commercial trucks with competitive rates, fast approvals and flexible loan structures. We help businesses, sole traders, trusts, companies, owner operators, owner drivers and self employed applicants find commercial truck finance tailored to the way they operate.
We arrange finance for new and used commercial trucks purchased from dealerships, private sellers and auctions, with no deposit options, flexible terms up to 7 years and balloon payments available to eligible applicants. In many cases, the commercial truck itself can provide the security for the loan, with no additional property or asset security required, subject to lender criteria.
For businesses wanting less paperwork, we offer no doc, low doc and lite doc commercial truck finance up to $500,000 for eligible applicants. Depending on your circumstances, this can reduce the need for full financial statements and tax returns and help make the application process faster and simpler.
Speed matters when you’ve found the right commercial truck. Same day pre approvals and approvals within 24 to 48 hours may be available on eligible applications, helping you move quickly when buying from a dealer, private seller or auction.
We’re known for delivering some of the lowest commercial truck finance rates and repayments in Australia and regularly compete with and beat bank, dealership and broker quotes. Our reputation for being transparent and straightforward with lenders, combined with long standing lender relationships, gives us the ability to negotiate discounted rates, push for sharper pricing and secure faster approvals.
Our commercial truck finance rate comparison service is free. We compare your options to find the best deal available for your circumstances, and if you decide not to proceed, there’s no cost to you. Where available, we can compare or assess your options without a formal credit application, meaning there may be no impact on your credit profile until you’re ready to proceed.
Whether you need a chattel mortgage, commercial hire purchase, finance lease or rent to own, we structure the finance around your business, cash flow and the commercial truck you’re purchasing.
One application. Most competitive lender pricing across Australia. Fast approvals. One dedicated broker for this commercial truck and every commercial truck after that. No handovers or call centres.
Why finance with Overdrive Truck Finance
Low Doc, Light Doc & Full Doc Truck Finance
When applying for truck finance, lenders will generally offer Low Doc, Light Doc or Full Doc options. The right choice depends on your business structure, trading history, and the type of truck you're purchasing.
| Feature | Low Doc Truck Finance | Light Doc Truck Finance | Full Doc Truck Finance |
|---|---|---|---|
| Financial Statements Required | No | No | Yes |
| BAS Statements Required | No | Usually | Sometimes |
| Business Bank Statements | No | Yes | Sometimes |
| Approval Speed | Fastest | Fast | Standard |
| Interest Rates | Higher | Competitive | Most Competitive |
| Borrowing Capacity | Up to $500k | Up to $500k | Up to $10m+ |
| Ideal Outcome | Quick approval with minimal paperwork | Balance of flexibility and pricing | Best pricing and maximum borrowing power |
Which Option Is Right For You?
Need help deciding? Our finance specialists will assess your circumstances and recommend the most suitable asset finance solution for your business.
| If You Are… | Recommended Option |
|---|---|
| Self-employed or businesses with limited financial records | Low Doc |
| Businesses with bank statements and BAS available | Light Doc |
| Businesses with full financials | Full Doc |
Low Doc Truck Finance
Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.
Light Doc Truck Finance
Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.
Full Doc Truck Finance
Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.
Used Commercial Truck Finance — frequently asked questions
What is used commercial truck finance?
Used commercial truck finance allows ABN holders, owner drivers and businesses to finance a second hand commercial truck for business use. Finance is available for used commercial trucks purchased from dealers, private sellers and auctions, with loan terms and repayments structured around your business and cash flow.
What are the current used commercial truck finance interest rates?
Used commercial truck finance rates can start from around 6.55% to 6.85% p.a. for eligible applicants, with the actual rate depending on your credit profile, business history, financials, commercial truck age, loan amount and wanted finance terms. Our job is to compare 80+ lenders to find the lowest rate and repayments for your credit profile and wanted terms, then negotiate directly with lenders to get you the best deal possible. Rates are indicative only and subject to lender criteria, credit assessment, asset age, fees, terms and approval.
Can I finance an older used commercial truck?
Yes. Many lenders finance older commercial trucks, although lender criteria can vary significantly based on the age, condition and value of the commercial truck. Some lenders are more comfortable with older commercial trucks than others, which is why matching your purchase with the right lender is important.
Can I finance a used commercial truck from a private seller?
Yes. Used commercial truck finance is available for private sale purchases, subject to lender requirements. The lender may require additional checks on the commercial truck, seller and purchase before settlement.
Can I finance a used commercial truck purchased at auction?
Yes. We can arrange finance for used commercial trucks purchased through auctions, subject to lender approval and asset requirements. If you’re planning to bid, arranging your finance beforehand can help you understand your budget and available options.
What types of used commercial trucks can I finance?
Finance is available for a wide range of used commercial trucks, including prime movers, rigid commercial trucks, tippers and refrigerated commercial trucks, as well as trailers. The commercial truck’s age, value and condition can influence which lenders and finance terms are available.
Can I get used commercial truck finance with low doc or no financials?
Yes. Depending on your circumstances, used commercial truck finance may be available using full doc, low doc, lite doc or no financials options. The documentation required and rates available will depend on your business history, credit profile, loan amount and lender.
Do I need a deposit for used commercial truck finance?
Not always. Eligible applicants may be able to finance 100% of the used commercial truck purchase price, while other applications may require a deposit. This depends on your credit profile, business history, commercial truck age and value, and lender criteria.
Can I get used commercial truck finance with poor credit?
Potentially. Some lenders specialise in used commercial truck finance for businesses with previous credit issues. Your available rate, loan amount and terms will depend on your credit profile, business circumstances, commercial truck and ability to service the finance.
How do I get the cheapest used commercial truck finance rate?
Used commercial truck finance rates can vary significantly between lenders, particularly as commercial trucks get older. Your bank, dealership or first lender approached may not necessarily offer the lowest rate. Our job is to compare 80+ lenders to find the lowest rate and repayments for your credit profile and wanted terms, then use our lender relationships to negotiate pricing for a better deal where possible. We match the age and type of commercial truck with lenders that are comfortable financing it, helping secure the sharpest available used commercial truck finance rate and terms for your circumstances.
More Commercial Truck finance options
Ready to get started?
Free quote in minutes, decisions in 24–48 hours. No obligation, no credit-score impact to enquire.