Sale & Leaseback for Trucks
Sale and leaseback truck finance lets your business unlock cash from a truck you already own while continuing to use it. The truck is sold to a finance provider and leased back to your business, giving you access to working capital while keeping the truck on the road.
Who We Help
Owner-drivers buying their first truck
Fleet operators replacing units
Operators who've won a new contract
Refinancing an existing truck loan
Sale and Leaseback for Trucks: Unlock Cash From Your Existing Fleet
Own trucks outright or have significant equity in your fleet? A sale and leaseback for trucks may allow your business to unlock cash tied up in existing vehicles while continuing to use them in day-to-day operations.
We help Australian transport businesses, owner drivers and fleet operators compare truck sale and leaseback finance across suitable commercial lenders and finance providers.
Instead of leaving capital tied up in trucks your business already owns, a sale and leaseback arrangement can potentially release funds back into the business for working capital, business growth, new equipment, tax obligations, debt consolidation or other business purposes, subject to lender criteria.
What Is a Sale and Leaseback for Trucks?
A truck sale and leaseback is a commercial finance arrangement where your business sells an existing truck to a finance provider and then leases the same truck back under an agreed finance arrangement. Your business receives funds from the sale while continuing to use the truck for normal business operations.
How a Truck Sale and Leaseback Works
The lender values your truck, purchases it from your business and leases it straight back to you. You receive the agreed funds and continue using the same truck while making fixed lease repayments over an agreed term. Nothing changes operationally — your truck stays on the road and you unlock the equity tied up in it.
The amount available depends on factors including the truck's age, condition, make and model, market value, existing finance and lender criteria.
When a Sale and Leaseback Makes Sense
A truck sale and leaseback may be worth considering when you want to:
- Free up working capital for growth, tax or cash-flow needs
- Fund a deposit on another truck or trailer
- Cover a large business outgoing without selling the asset and losing its use
- Release equity from trucks you own outright
- Fund additional machinery or equipment
- Support a new contract or business expansion
Sale and Leaseback for Truck Fleets
We can assess sale and leaseback options for truck fleets, potentially allowing an established transport or logistics business to unlock capital across multiple vehicles.
Sale and Leaseback for Owner Drivers
If you're an owner driver or owner-operator and own your truck outright or have substantial equity in it, there may be options to release funds against the vehicle while continuing to operate it.
Sale and Leaseback for Used Trucks
Sale and leaseback finance can potentially be arranged against existing used commercial trucks, subject to lender criteria. The lender may consider factors including the truck's age, make and model, condition, kilometres, current market value, existing finance and expected remaining useful life.
Sale and Leaseback vs Refinancing a Truck
With a refinance, an existing truck loan may be replaced or restructured with another finance facility. With a sale and leaseback, the business generally sells the truck to the finance provider and then leases its continued use under a new arrangement.
We can assess suitable commercial finance structures based on what you're trying to achieve.
Sale and Leaseback Tax & GST Considerations
Selling a business asset and leasing it back can have GST, accounting and taxation implications. Before proceeding, you should speak with your accountant or tax adviser about the tax and accounting treatment applicable to your business.
Compare Truck Sale and Leaseback Options
We compare suitable options based on factors including truck or fleet value, amount of equity available, existing finance, repayments, fees, finance term and overall finance structure.
Our commercial finance comparison service is free, and if you decide not to proceed, there's no cost to you.
Get a Truck Sale and Leaseback Quote
Own trucks outright or have substantial equity in your existing fleet? We can assess whether a truck sale and leaseback could allow your business to unlock capital while continuing to use the vehicles that generate your income.
One application. Competitive commercial finance options across Australia. One dedicated broker from assessment through to settlement. No handovers. No call centres.
Why finance with Overdrive Truck Finance
Free service with no upfront costs or hidden fees.
Overdrive is a specialist truck finance broker comparing 80+ banks and non-bank lenders on one application. Explore truck finance across every truck and trailer type, or get a free quote in minutes.
Truck Finance Solutions
Whatever your situation, there's a finance structure to suit — we'll match you to the right one for your business.
Trucks We Finance
Kenworth
T-Series, K-Series, C-Series
Isuzu
N-Series, F-Series, Giga
Hino
300 Series, 500 Series, 700 Series
Volvo
FH, FM, FMX
Mack
Anthem, Super-Liner, Trident
Fuso
Canter, Fighter, Shogun
Plus Scania, DAF, Iveco, Mercedes-Benz, Western Star, UD and more.
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.
Sale & Leaseback for Trucks — frequently asked questions
What is sale and leaseback for trucks?
Sale and leaseback allows your business to sell an existing truck to a finance provider and lease it back for continued business use. This can release cash tied up in trucks your business already owns without taking them off the road.
How does truck sale and leaseback work?
With a truck sale and leaseback, the finance provider purchases an eligible truck from your business and leases it back to you. Your business receives funds from the sale and continues using the truck while making regular lease payments over an agreed term.
Why would a business use sale and leaseback for a truck?
Businesses may use truck sale and leaseback to unlock equity in existing trucks and improve working capital or cash flow. It can provide access to funds while allowing the trucks to remain in operation and generating income for the business.
Can I release cash from a truck I already own?
Yes. If your business owns an eligible truck outright, a sale and leaseback may allow you to release some of the value held in the truck. The amount available will depend on factors including the truck’s age, condition, market value and lender criteria.
Can I use sale and leaseback for multiple trucks?
Yes, subject to lender approval. Businesses with multiple eligible trucks may be able to use sale and leaseback across several vehicles to release capital from an existing fleet while continuing to use the trucks.
What trucks can be used for sale and leaseback?
Sale and leaseback may be available for different types of commercial trucks, including prime movers, rigid trucks, tippers and refrigerated trucks. Truck age, condition, ownership and market value can affect lender eligibility.
Who owns the truck after a sale and leaseback?
Once the sale is completed, the finance provider generally owns the truck and your business leases it back under the agreed terms. Your business continues to use the truck for its operations.
How much can I borrow with a truck sale and leaseback?
The amount available will depend on the value of the truck or trucks, their age and condition, your business circumstances and the lender’s criteria. A valuation may be required to determine how much capital can be released.
Can sale and leaseback help business cash flow?
Yes. One of the main reasons businesses consider a truck sale and leaseback is to release capital tied up in vehicles. The funds may provide additional working capital while allowing the business to continue using the trucks.
What is the difference between sale and leaseback and refinancing a truck?
Truck refinancing generally replaces or restructures existing finance while you retain the existing ownership structure. A sale and leaseback involves selling the truck to a finance provider and leasing it back. Which option is suitable will depend on your truck, existing finance, cash flow requirements and business circumstances.
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