Hino Rent-to-Own
Hino 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.
Hino Finance Deals: Low Rates, Fast Approvals
As a trusted hino finance broker with a strong industry reputation, we help ABN holders secure finance for new and used hinos 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 hino finance tailored to the way they operate.
We arrange finance for new and used hinos 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 hino 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 hino 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 hino. 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 hino 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 hino 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 hino you’re purchasing.
One application. Most competitive lender pricing across Australia. Fast approvals. One dedicated broker for this hino and every hino 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.
Hino Rent-to-Own — frequently asked questions
What is rent to own hino finance?
Rent to own hino finance allows your business to get a hino now and work towards ownership over an agreed term. You make regular payments under the agreement, with a pathway or option to purchase the hino depending on the finance structure and lender terms.
How does rent to own hino finance work in Australia?
With rent to own hino finance, a finance provider generally purchases the hino and provides it to your business under an agreed rental or lease arrangement. You make regular payments over the agreed term, with the opportunity to purchase or take ownership of the hino subject to the terms of the agreement.
Can I get rent to own hino finance with bad credit?
Rent to own hino finance may be an option for businesses that don’t meet standard bank lending criteria, including some applicants with previous credit issues. Approval still depends on the lender’s assessment, your circumstances and your ability to meet the repayments.
Can a new business get a rent to own hino?
Yes, some rent to own hino providers consider new businesses and recently established ABN holders. Requirements vary between providers and may include bank statements, identification, details of your work or contracts and information about the hino you’re purchasing.
Do I need a deposit for a rent to own hino?
Not always. Some rent to own hino options may be available without a deposit, while others require an upfront contribution. The amount required will depend on the hino, finance provider and strength of your application.
Can I rent to own a used hino?
Yes. Rent to own finance can be available for used hinos, subject to lender criteria. The hino’s age, condition, value and purchase source can affect whether it qualifies and the terms available.
Can I rent to own a hino from a private seller?
Some rent to own providers allow hinos to be purchased from private sellers as well as dealerships. Private sale hinos may require an independent inspection or valuation before the transaction can proceed.
Is rent to own hino finance more expensive than a normal hino loan?
It can be. Rent to own hino finance is often designed for applicants who may not qualify for traditional hino finance, so the overall cost can be higher than standard bank or commercial finance. We can compare your circumstances to determine whether you qualify for a lower cost hino finance option before considering rent to own.
Can I pay out a rent to own hino early?
This depends on the agreement. Some rent to own hino contracts allow early payout or purchase, while others may have minimum terms, fees or specific conditions. It’s important to understand the early payout terms before entering into an agreement.
What is the difference between rent to own and a chattel mortgage for a hino?
With a chattel mortgage, your business generally owns the hino from the beginning while the lender takes security over it. With rent to own, the finance provider generally retains ownership during at least part of the agreement, with a pathway or option to ownership depending on the contract. The costs, tax treatment and eligibility requirements can also differ.
More Hino finance options
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