Truck finance, made clear.
Need truck or trailer finance? Whether you're buying new or used, upgrading or growing your fleet, we work hard to deliver the cheapest deal. We're known for delivering sharper rates than banks, dealerships and other brokers, with finance strategically structured around your business.
Chattel Mortgage
A chattel mortgage is the most common way transport operators finance a truck. You own the truck from day one and the lender takes a mortgage over it as security — which is why it usually carries the sharpest rate.
Read more →Commercial Hire Purchase
Under a commercial hire purchase (CHP), the lender buys the truck and hires it to you. You take ownership automatically once the final payment is made.
Read more →Truck Leasing (Finance Lease)
A finance lease means the lender owns the truck and leases it to you for a fixed term. At the end you can pay the residual and take ownership, upgrade, or hand it back, depending on the agreement.
Read more →Rent To Own Truck Finance
Rent to own gives you use of the truck now with a path to ownership, and can be a fit for operators who don’t suit a standard chattel mortgage yet — a newer ABN, or a rebuild of credit.
Read more →Sale & Leaseback
A sale and leaseback lets you sell a truck you already own to a lender and lease it back — releasing the cash tied up in the asset while you keep using it every day.
Read more →Low-Doc Truck Finance
Low-doc (and no-doc) truck finance lets established ABNs finance a truck without supplying tax returns or BAS, for eligible deals under a lender limit.
Read more →Lite-Doc Truck Finance
Lite-doc sits between full-doc and no-doc: you provide some verification — usually business bank statements or BAS — but not full financial statements.
Read more →No-Doc Truck Finance
No-doc truck finance means no financials and, for eligible deals, no income verification at all — approval rests on your ABN, credit profile and the strength of the asset.
Read more →Truck Refinance
Refinancing an existing truck loan can lower your rate, consolidate several asset loans into one, or release equity from a truck you already own to fund working capital or the next purchase.
Read more →Full-Doc Truck Finance
Full-doc truck finance is the standard, best-rate path: you supply financials — tax returns and BAS — and in return you access the sharpest rates and the highest borrowing limits.
Read more →No Financials Truck Finance
No-financials truck finance lets established ABNs fund a truck without supplying tax returns or financial statements — approval rests on your ABN, credit and the asset.
Read more →No Deposit Truck Finance
No-deposit truck finance funds up to the full purchase price, so you keep your cash in the business instead of tying it up in a down payment.
Read more →Bad Credit Truck Finance
A past default, arrears or a paid judgment doesn’t have to end your truck plans. We work with lenders who look at the whole picture, not just a credit score.
Read more →Used Truck Finance
Used truck finance funds trucks bought from a dealer, at auction or privately, right across Australia — often the smartest value for a growing operator.
Read more →New Truck Finance
New truck finance covers dealer stock and factory orders, with settlement structured so funds are ready the moment your truck is.
Read more →Indicative rate guide
Last updated: October 2026
Rates generally range from 6.55% p.a. to around 15% p.a. A starting point only — your actual rate depends on the asset, its age and kilometres, the finance term, any deposit, your ABN history and the credit assessment.
| Scenario | Indicative rate | Notes |
|---|---|---|
| New truck or trailer | from 6.55% p.a. | Strong ABN, clean credit, eligible asset |
| Late-model used truck | from 8.78% p.a. | Rate varies with asset age, kilometres and borrower profile |
| Older trucks | case by case | Trucks can be up to 25 years old at the end of the finance term |
| Older trailers | case by case | Trailers can be up to 30 years old at the end of the finance term |
| Low-doc (established ABN) | from 7.49% p.a. | No financials may be required for eligible applications, subject to lender limits |
| New-to-industry / new ABN | case by case | Deposit, additional documentation or security may be required |
Indicative rates only and subject to change. The rate available will depend on the lender, loan amount and term, asset type and age, business trading history, credit profile and other eligibility criteria. Fees and charges may apply. Finance is subject to lender approval and lending criteria. Overdrive Commercial Funding (ABN 87 659 049 895), authorised credit representative of Connective Credit Services Pty Ltd, Australian Credit Licence 389328.