Key highlights
- Fund enclosed, secure pantech and box trucks
- Most funded via chattel mortgage over an agreed term
- Optional balloon can lower regular repayments
- Match the term to how long you keep the truck
- 80+ lenders compared, soft check to quote
Pantech and box trucks offer enclosed, secure carrying space that suits everything from deliveries to removals. This post explains how light truck finance can help you fund one for your business.
Why choose a pantech truck?
A pantech or box truck protects loads from weather and offers lockable, enclosed space, which makes it popular with delivery operators, removalists and couriers. Because these trucks are versatile and tend to hold their value when maintained, lenders often view them favourably as security. Finance is available to eligible applicants, subject to lender criteria.
How does pantech finance work?
Most pantechs are funded through a chattel mortgage, with the lender advancing the purchase price and you repaying over an agreed term. New and used pantechs can both be financed, though lenders pay attention to age and condition on older units. A near-new box truck may support longer terms than a high-kilometre one.
How do you structure pantech finance?
Matching the term to how long you plan to keep the truck helps keep repayments sensible, and a balloon can lower regular payments if that suits your cash flow. Discuss the tax and GST treatment of the purchase with your accountant or registered tax adviser.
How do you finance a pantech truck?
Simon Kendrick at Overdrive can compare pantech and box truck finance across 80-plus lenders. Request an obligation-free quote. The soft check involved has no impact on your credit score.
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