Key highlights
- Fund a reefer for food, flowers or chilled goods
- Finance the insulated body and cooling unit together
- A well-maintained refrigeration unit strengthens your application
- Optional balloon can lower regular outgoings
- 80+ lenders compared, obligation-free quote
For businesses moving food, flowers or other temperature-sensitive goods, a refrigerated light truck is essential kit. This post explains how finance can help you fund one without tying up your cash.
What is a refrigerated light truck?
A refrigerated light truck, or reefer, carries an insulated body and a cooling unit, making it suited to catering, produce, florist and food delivery businesses. Because the refrigeration equipment adds cost, finance is a practical way to fund the truck over time. Options are available to eligible applicants, subject to lender criteria.
How do lenders view refrigerated trucks?
Lenders assess your ABN, trading history, income and the truck itself, including the condition of the refrigeration unit. A well-maintained, near-new reefer generally supports finance more readily than an older one. The specialised nature of these trucks means it helps to have accurate details of the body and cooling equipment ready.
How do you structure reefer finance?
Matching the term to how long you will keep the truck helps manage repayments, and a balloon can lower regular outgoings where that suits. Because refrigeration is central to the truck's use, keeping it serviced protects your investment. Check the tax treatment with your accountant or registered tax adviser.
How do you finance a refrigerated truck?
Simon Kendrick at Overdrive can compare refrigerated light truck finance across 80-plus lenders. Ask for an obligation-free quote today. It starts with a soft check that does not affect your credit score.
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