Truck Refinance
We're trusted truck finance brokers, helping ABN holders, businesses and owner-operators secure truck loans with fast approvals up to $500,000. Rather than relying on a single bank or dealership, we compare major banks and non-bank lenders, negotiating low interest rates, fees and repayments. From application to settlement, we manage the entire process for a hassle-free experience.
Free No-Obligation Quote
Compare options with 80+ lenders. No credit impact.
Many deals we settle fall outside standard bank criteria. We find solutions where banks can't.
Bank Rates Without The Queue Or Paperwork
- One application. Multiple options to choose from.
- Free service, no hidden fees, ever
- Solutions for all credit profiles and ABN lengths
- Established companies, start-ups, SMEs to owner-operators
- No deposit, $0 down options and no additional security
- Low doc & no financials require zero paperwork
- Buy new or used from dealerships, private sellers & auctions
- Available 7 days a week, including evenings and weekends
Truck Finance Australia Australia Wide
Compare Truck Finance — Lowest Rates In Australia
If you're paying too much on your existing truck finance, truck refinancing could reduce your interest rate, lower your monthly repayments and improve your business cash flow.
Many businesses finance their truck through a dealership, bank or another broker without comparing alternative lenders. If you accepted the first finance offer or interest rates have fallen since you purchased your truck, refinancing could save you thousands over the remaining term of your finance.
We make truck finance refinancing simple by reviewing your existing finance, comparing current market rates, then manage the entire refinance process from payout through to settlement. Our service is completely free.
To assess your truck refinance options, we'll simply need:
• Current lender
• Current finance balance
• Current interest rate
• Remaining finance term
• Current monthly repayment
We'll compare your existing finance against today's market and let you know whether refinancing will save you money.
When Does Truck Refinancing Make Sense?
Refinancing your truck finance is worth considering if:
• You accepted dealership finance without comparing other lenders.
• Your current interest rate is higher than today's market rates.
• Your business or credit profile has improved since you first financed the truck.
• You want to reduce your monthly repayments and improve cash flow.
• You want to unlock equity in your truck for business purposes.
• You're unhappy with your current lender's rates or customer service.
• You want to consolidate multiple truck, trailer or equipment finance into one repayment.
Not Every Truck Finance Can Be Refinanced
While truck refinancing can save businesses thousands, it isn't always the right option. Some lenders charge early payout or break fees that can outweigh the savings, particularly if you're nearing the end of your finance term. In other cases, the payout figure may simply be too high for refinancing to make financial sense.
That's why we always review your existing finance, payout figure and the total cost of refinancing before making a recommendation. If refinancing will reduce your overall costs, we'll help you secure a better deal. If it won't, we'll tell you. Our truck refinance assessment is completely free, with no obligation.
Get in touch with us today for a free, no-obligation truck refinance assessment. We'll review your current finance and let you know whether refinancing is the right option and if we can secure you a better deal.
Trucks We Finance
We finance any new or used truck from dealerships, private sellers and auctions:
- Prime Movers
- Semi Trucks
- Rigid Trucks
- Tipper Trucks
- Tray Trucks
- Flatbed Trucks
- Pantech Trucks
- Box Trucks
- Refrigerated Trucks
- Curtain Side Trucks
- Crane Trucks
- Tow & Tilt Tray Trucks
- Hooklift Trucks
- Skip Bin Trucks
- Vacuum Trucks
- Water Trucks
- Fuel & Tanker Trucks
- Concrete Mixer Trucks
- Cement Trucks
- Livestock Trucks
- Car Carrier Trucks
- Logging Trucks
- Recycling Trucks
- Freight & Haul Trucks
- Delivery Trucks
- Distribution Trucks
- Mine Spec Trucks
- Commercial Trucks
- Concrete Agitator Trucks
- B-Double Trucks
- Road Train Trucks
Unbeatable Truck Loan Rates - Always Compare Before Signing
Want the best deal on truck finance? We're known for securing the cheapest truck finance rates, consistently beating quotes from banks, dealerships, and other brokers. Through our free truck loan comparison service, we'll compare any quote against our panel to secure you a lower rate with reduced repayments.
Never rely on a verbal interest rate. Many brokers and dealer quote rates over the phone without disclosing all fees and charges, making finance appear cheaper than it really is. That's why it's essential to get your quote in writing to compare actual repayments, as they reveal the true cost of the loan.
If you've received a quote, send it through for a free review. We'll break down the interest rate, repayments, fees, loan structure, and total cost, identify any hidden charges, and let you know if a better deal is available.
A few minutes spent comparing finance options could save your business thousands over the life of the loan.
Get Pre-Approved For Truck Refinance Before You Buy
A truck refinance finance pre-approval gives you a real advantage when buying from a dealership, auction, or private seller. With finance already in place, you'll know exactly what you can afford and have greater negotiating power as a serious buyer.
We'll confirm your borrowing capacity, interest rate, loan term, and estimated repayments upfront. With decisions available in as little as 24 hours and approvals valid for up to 90 days, you'll be ready to act when the right truck refinance comes along.
Simply send us the invoice and we'll arrange settlement and release the funds.
Why Use A Truck Finance Broker?
A specialist truck finance broker helps businesses (ABN holders) secure cheap truck finance rates, flexible terms and faster approvals by comparing multiple lenders instead of relying on a single bank or dealership.
At Overdrive Commercial Funding, we have access to major banks and 80+ non-bank lenders. We match your business, credit profile and truck purchase with lenders whose credit policies suit your circumstances, helping improve approval prospects while avoiding unnecessary credit enquiries.
Whether you're purchasing a new or used prime mover, rigid truck, tipper or trailer, we negotiate competitive rates, flexible repayments and suitable loan structures. We also specialise in new ABN truck finance, low doc applications, private sales and out of the box finance for businesses that fall outside traditional bank lending criteria.
Our truck finance broker service is free, and Simon personally manages your application from initial enquiry through to settlement, with no call centres or handovers.
What can a broker offer that a bank cannot?
New ABN & Low Doc
Finance available from day one of your ABN, with low doc options up to $500k without full financial statements for eligible applicants.
All Credit Profiles
Solutions for businesses with defaults, past credit issues or circumstances that fall outside standard bank lending criteria.
Private Sales & Auctions
Finance for truck refinances purchased from private sellers, auction houses and interstate dealers — not just franchised dealerships.
Older Truck Refinances Welcome
Finance for truck refinances up to 25 years old at end of loan term, including older stock that most banks won't touch.
Asset-Specific Knowledge
Truck Refinance finance has unique valuation, age and security requirements. A broker who writes these deals daily knows which lenders suit your asset type.
Speed
Applications submitted in the format a particular credit team expects move faster. Approvals in 24 to 48 hours are achievable on straightforward deals.
Protecting Your Credit File
A broker who knows which lender fits does not need to scatter applications across the market. Multiple enquiries in a short window can work against you.
Preserving Your Bank Facilities
Financing the truck refinance away from your main bank keeps your overdraft and other lines free for working capital.
Structuring Options
Term, balloon and repayment frequency shaped around what the asset earns rather than a standard template.
Why Choose Us As Your Broker?
A selection of options available for this type of finance.
- Free service with no upfront costs or hidden fees
- One broker for the life of your business, no handovers
- 30+ years experience and industry knowledge
- Australian family-owned and operated
- We save every client hundreds to thousands of dollars
- No wait times, direct access to Simon every time
- We can beat bank, dealer and competitor quotes
- We guarantee clear title transfer
- We protect what matters—your credit score
- We build trust by being honest and transparent
- Established, new and 1 day ABNs
- Expert and strategic negotiation approach
- Solutions for various credit profiles
- Tax benefits (asset depreciation)
- 24/7 support as we know business never stops
Can't Be Beaten On Price Or Service
Want the best deal on truck refinance? We're known for delivering low rates in all major cities and surrounding regional areas across NSW, VIC, QLD, WA, SA, TAS, ACT and NT.
Compare Your Options
Why Businesses Choose Overdrive
See how going through Overdrive compares to a bank, a typical broker, or dealership finance.
What Matters
Overdrive Funding
Banks
Dealership Finance
Other Finance Brokers
Lender Access
Your Credit Profile
Finance Options
Broker Service Fees
Approval Times
Flexible Lending
Asset Eligibility
Personal Service
After-Hours Support
Ongoing Support
Lender Access
Overdrive Funding
One application. Major banks and 80+ lenders compared.Banks
One lender, their own product onlyDealership Finance
Selected finance partnersOther Finance Brokers
Typically a smaller panel of lendersYour Credit Profile
Overdrive Funding
One soft credit check while we quoteBanks
A hard enquiry on every direct applicationDealership Finance
Hard credit enquiry without rate comparisonOther Finance Brokers
Usually shops you around to multiple lendersFinance Options
Overdrive Funding
We deliver multiple options across low doc, full doc and moreBanks
One product, full financials and paperwork requiredDealership Finance
One rate offered, only available todayOther Finance Brokers
Quotes one rate, tells you it's the best dealBroker Service Fees
Overdrive Funding
Bank rates without the queue or paperworkBanks
Bank fees may applyDealership Finance
Finance fees may applyOther Finance Brokers
Typically charges an additional service fee at settlementApproval Times
Overdrive Funding
Often within 24–48 hours for eligible applicationsBanks
Slow process, typically weeksDealership Finance
Often fast but rate is often non-negotiableOther Finance Brokers
Varies by broker and panelFlexible Lending
Overdrive Funding
New ABNs, low doc and credit challengesBanks
Conservative, minimal policy exceptionsDealership Finance
Subject to lender policyOther Finance Brokers
Depends on lender panelAsset Eligibility
Overdrive Funding
New, used and older equipment up to 25–30 yearsBanks
Asset age restrictions may applyDealership Finance
Limited to dealer stockOther Finance Brokers
Depends on lender accessPersonal Service
Overdrive Funding
Direct access to Simon, the DirectorBanks
No direct numbers, rotating staff and call centresDealership Finance
A salesperson upselling financeOther Finance Brokers
High staff turnover, clients passed between brokersAfter-Hours Support
Overdrive Funding
Available 7 days a week, including evenings and weekendsBanks
Generally business hoursDealership Finance
Dealership trading hoursOther Finance Brokers
Typically no after hours or weekend supportOngoing Support
Overdrive Funding
Assistance before, during and after settlementBanks
Hard to reach with little contact after settlementDealership Finance
Typically none after the saleOther Finance Brokers
Focuses on quick deals and onto the nextWhat To Expect When Working With Us
Our Simple Process
From your first enquiry to finance approval, settlement and ongoing support — no call centres, no handovers, no unnecessary paperwork.
- 01
Consult, Offer & Decide Together
Speak to one of our experts about your business needs, and we'll offer tailored finance options, ensuring we secure the best rates for your specific asset and situation. We'll go over terms and decide which is the best solution for you.
- 02
Conditional Approval
We conduct a soft-touch evaluation of your profile to match you with the right lender for pre-approval. Once you're pre-approved, you can shop confidently for 90 days. If you've found your truck, we'll initiate the process and take care of all the admin.
- 03
Sign Documents and Get Funded
When the lender is prepared to settle, you'll receive the contract for your review and signature. After settlement, it's time to pick up your asset.
- 04
On-Going Support
Once your loan is completed, we'll support you with any related admin, such as payouts, statements, etc.
Better rates. Smarter finance. Bigger opportunities.
One purchase or a bigger funding plan — start with a free conversation.
Repayment Calculator
Truck and trailer finance calculator
Use our free online truck finance calculator to estimate monthly loan repayments and compare interest rates, loan terms and balloon payments. Simply enter your loan amount, interest rate, repayment term and balloon amount to calculate your estimated truck finance repayments in seconds.
Need help?
Loan term
Balloon / residual
Repayment frequency
Your indicative repayment
$3,005/month
≈ $692/week
7.49% p.a. · 5 years · 0% balloon
Loan principal: $150,000
Ready to see your true rate?
This is indicative at 7.49% p.a. Your actual rate depends on the truck, your ABN history and credit profile. Get a personalised quote — no credit impact, no obligation.
Indicative only. Does not represent an offer of credit. Assumes 7.49% p.a. fixed, secured loan for business use. Does not include fees, charges or individual circumstances. Actual rate subject to lender criteria and credit assessment.
Reviews
What Our Clients Say
★★★★★ 5.0 / 5 based on our Google reviews
FAQ
Truck Refinance — Frequently Asked Questions
Common questions about this type of finance — answered.
When can I refinance my truck finance loan?
Most lenders require a minimum of 12 months on your existing loan before they will consider refinancing. Once you've passed 12 months, refinancing is worth exploring — particularly if rates have dropped or your credit profile has improved since you first took out the loan.
How much can refinancing a truck finance loan save me?
This depends on your current rate versus what's available to you now. Even a 1–2% rate reduction can save thousands in interest over the remaining loan term. We calculate the exact saving for your loan before you commit to anything.
What are the costs of refinancing a truck finance loan?
Potential costs include early payout fees on your existing loan (check your loan contract), and establishment fees on the new loan. We calculate the net saving after all costs to confirm refinancing is worth it before you proceed.
Can I refinance a truck finance loan from a bank?
Yes. Many clients refinance from bank-arranged loans to specialist lenders that offer better rates or more flexible terms. We compare the full market to find the best refinance option for your existing loan.
Will refinancing affect my credit score?
A formal refinance application involves a credit check. However, one credit inquiry has minimal impact on your score, and the long-term benefit of a lower rate typically outweighs this.
How do I know if refinancing my truck finance loan is worth it?
We calculate the breakeven point — how long until your interest savings exceed any payout and establishment costs. In most cases where the rate saving is 1%+, refinancing pays off within the first year.
Can I access equity when refinancing a truck finance loan?
In some cases, yes — depending on the current outstanding balance relative to the asset's current market value. Contact us to discuss whether equity release is available for your specific loan.
Is a deposit required?
No deposit is required for eligible ABN holders with a strong credit and trading profile. A deposit can help improve your rate or secure approval if your credit profile is less straightforward.
Can I finance a used asset?
Yes. Finance is available for new and used assets. Age limits vary by lender and asset type. We identify the right lender for your specific asset.
How quickly can I get approved?
Most applications receive a decision within 24–48 hours. Once approved, your pre-approval is valid for 90 days.
Can I get low doc finance?
Yes. Low doc (no financial statements) finance is available up to $500,000 for eligible ABN holders. We typically need your ABN, driver's licence and bank statements.
Can I finance from a private seller?
Yes. We arrange finance for assets purchased from private sellers anywhere in Australia. The lender pays the seller directly on settlement.
Can I finance with bad credit?
Yes. Specialist lenders on our panel consider applicants with a range of credit profiles, including those who have been declined by banks.
What is the typical loan term?
Loan terms typically range from 2 to 7 years depending on the asset type, value and your cash flow requirements.
Can I refinance existing finance?
Yes. Refinancing can reduce your rate, lower repayments or release equity. We compare refinance options across 80+ lenders.
Are repayments tax-deductible?
Interest repayments under a chattel mortgage are tax-deductible. You can also claim depreciation on the asset and GST upfront. Speak with your accountant about your specific situation.
Is insurance required?
Yes. Most lenders require comprehensive insurance before settlement. We can assist with arranging cover.
Can I use a balloon payment?
Yes. A balloon payment reduces monthly repayments by deferring a lump sum to the end of the term. We size it to match the asset's expected resale value.
Does applying affect my credit score?
No. Submitting an enquiry with us doesn't affect your credit score. We only proceed to a formal credit application with your explicit approval.
What is the minimum loan amount?
Most lenders have a minimum of $10,000–$20,000 for asset finance. We'll confirm the minimum for your specific asset type.
Lending Panel
Access to 80+ Lenders In One Place
Overdrive Commercial Funding is directly accredited with all major banks, commercial non-bank, specialist and private lenders.
