TRUCK TRAILER FINANCE PROCESS

STEP 1

OBTAIN ONLINE PRE-APPROVAL

STEP 2

ID CHECK / UNCONDITIONAL APPROVAL

STEP 3

DOCUMENTS ISSUED / SETTLEMENT

LET'S MAKE IT HAPPEN

We provide our clients with both mainstream and private funding options, giving them access to capital like never before.

See how we provide service levels better than our competitors and make deals happen when others cannot.

CHECK ELIGIBILITY

WHY US?

ONLINE PRE-APPROVALS

Pre-approvals up to $500K – decisions within seconds.

REAL PEOPLE

Applications assessed by real people not AI computers.

SECURE

Our systems ensure your data is protected at all times.

ONGOING SUPPORT

We provide support over the full term of your loan agreement.

EXPERTS

Our key business is truck and heavy equipment finance.

TRUSTED

Read the positive reviews by our past and present customers

READY TO GET STARTED?

See if you qualify for online pre-approval up to $500K.

CHECK ELIGIBILITY

FINANCE CALCULATOR

LOAN PAYMENT CALCULATOR
$.00
7.5%
0%15%
60months
12months60months
0%
0%40%
SUMMARY
The payment shown in this calculator is indicative only. Actual payments may be affected by the applicants credit profile and age of the asset being purchased.

%

months

GET PRE-APPROVED NOW
Sending

Keep Your Business Moving With Our Flexible Credit Matrix

We have funded single trailers to road train triples and everything in between.

Our flexible policy matrix allows us to have a fluid approach on every transaction we assess, ensuring our clients can secure a specific trailer that will complement any trucks within their existing fleet.

CHECK ELIGIBILITY
Quad Dog Trailer Finance

20 YEARS INDUSTRY EXPERIENCE

Our specialised team is made up of professional men and women that have worked exclusively in the area of Equipment Finance supporting the Transport Industry.

TRUSTED FINANCE PARTNERS

ANZ Truck Financing
CBA Truck Financing
Macquarie Truck Financing
NAB Truck Financing
Westpac Truck Financing

CUSTOMER REVIEWS

Tracey Hall

Scone Equine Transport Pty Ltd

Nathan you are fantastic to deal with. Always prompt with deals never a hiccup. After 8 truck deals will never use another broker. Keep up the great work you make my life stress free.

Neil Le Compte

Convoy Haulage Pty Ltd

Bloody brilliant. Nathan Elliott thank you very much for you excellent service. Highly recommended to everyone.

Tim Hartas

Hartrax Contracting Pty Ltd

Can’t thank Nathan enough for how fast and professional he was with organising my finance for my new truck. He was straight to the point with no stuffing around Rate Nathan and the team highly

Michael Hardwick

Hardwick Steel & Crane Hire

The team were extremely helpful with the purchase of my crane. They had a very fast turn around time once all the documents had been sorted. I'll definitely be using them again in the future.

James Coustley

JJC Civil

I have used the team at Heavy Vehicle Finance twice now for our financing needs for my prime mover and side tipper. A Great team to work with and very prompt and professional when actioning my needs, we will use again in the future. Great work guys.

Sam Wood

Sureflo Plumbing & Roofing Contractors Pty Ltd

I have used Nathan and his team for multiple purchases for our earthmoving company and Nathan has gone above and beyond to help us with expanding our business. I couldn’t recommend Nathan more highly.

Meagan Mcnicholl

Next Gen Transport Pty Ltd

We used Nathan from Heavy Vehicle Finance for a sale that was far from straight forward. Nathan went above and beyond for us and made sure that the process was as stress-free as possible. Nathan is professional, understanding and prompt with his responses. The entire interaction with Nathan was nothing short of amazing. We will definitely be using Nathan and the team at Heavy Vehicle Finance for all other sales in the future. Can not recommend enough. Thank you again.

BETTER HOW

We are a niche financier of Truck Trailers and have access to a wide range of mainstream and private funding options specific to the Transport Industry.

This means we can offer our customers a finance package that best suits their business needs and helps them achieve long term growth and sustainability.

CHECK ELIGIBILITY
Fast Finance Approvals

FAST PRE-APPROVALS

Our easy online pre-approval system provides access to pre-approvals up to $500K within a few seconds.

No formal credit enquiry is conducted for pre-approvals up to $500K.

The Heavy Vehicle Finance Difference

Deal with your own dedicated Relationship Manager

Flexible policy matrix

Pre-approvals up to $500K (within seconds)

Application tracking numbers for easy reference

No Doc up to $500K (no financials)

Low Doc up to $1M (BAS and Tax Portals)

Talk to people that specialise in Truck Trailer Finance

Deal with us from any location within Australia

Types of Truck Trailers We Finance

All configurations from the below list of Truck Trailers
Road Train Finance

Truck Trailer Finance - Frequently Asked Questions

Why use Heavy Vehicle Finance for Truck Trailer Finance and not a major bank?

  • We are a niche financier of Trailer Finance and can source funding from both mainstream and private funders giving our customers access to capital like never before
  • Our turnaround times are often quicker than the large financial institutions. Major banks often have complex staffing or departmental structures that could result in your application going through too many sets of hands before your approval is given or settlement occurs
  • Given that we only offer Truck and Truck Trailer Finance, our team has extensive knowledge of Equipment Loans and all types of Trucks and Truck Trailers. This means we can get our head around your proposal better than other lenders, that might only have expertise in Home Loans, Commercial Property Loans, Personal Loans or Car Loans
  • Our customers are assigned a dedicated Relationship Manager whereby they can directly talk to the person handling their application. Accessing the right person at a larger financial institution can be very difficult
  • The approval process is very streamlined, as customers can obtain pre-approval up to $500K within a few seconds. Unconditional approval is given within 24-48 hours and settlements can occur the day after given our simplified documentation process
  • Our policies surrounding Truck Finance are more fluid than a major bank. Banks need to meet specific regulations as governed by APRA, which means the information they need from clients may result in a declined decision. Non APRA regulation means that we can offer our clients No Doc Truck Finance up to $500K and Lo Doc Truck Finance up to $1M

What will my interest rate be?

  • Current rates start at 7.50% but may vary depending on the age of the Truck Trailer being purchased and the credit score of the applicant
  • Our business has been built on repeat customers and customer referrals over the last 20 years – so it is very important that we provide the best possible market rate whenever we issue a finance approval

How does our online Truck Trailer Finance pre-approval system work?

  • Our client inputs their information into the easy to complete form on the APPLY NOW section of our website. Then a quick calculation is undertaken on the submitted data, with a pre-approval given within a few seconds
  • No formal credit search is undertaken for pre-approvals up to $500K with means our applicants credit score is unaffected
  • If the applicant is successful, they will receive either an email or a phone call indicating what is required for both unconditional approval and settlement

How long does the Truck Trailer Finance process take from start to finish?

  • Pre-approval up to $500K is given within seconds
  • Unconditional approval takes 24 – 48 hours after we receive the required information (such as a signed privacy form and income verification if required)
  • Settlement can be achieved the day after unconditional approval if the Truck Trailer is being purchased through a licenced dealer. Otherwise, a private sale can take a bit longer, given the additional paperwork we need to obtain from the vendor

What type of truck trailers can be financed?

  • We finance all types of truck trailers with endless configurations as long as the vehicle has a VIN number and registration number

What age of Truck Trailers can be financed?

  • We primarily fund Truck Trailers no older than 30 years old at the end of term. This means if the Trailer Loan is over a 5 year term, then the Trailer can be no older than 25 years old at the time of purchase. If the Trailer is older than 25 years old at the time of purchase, we can shorten the loan term to make it fit within policy
  • If the Trailer is older than 25 years at time of purchase, we can still assess on a case by case basis. We might however request information such as business account statements or financial statements to verify income

Can I purchase a Truck Trailer being sold by a private vendor?

  • Our clients purchase Truck Trailers from a dealer, auction or private vendor. On most occasions, we will not require a formal valuation on the Trailer if it is sold by a private vendor – thus saving our customers up to $1,000 on a professional valuers fee
  • Dealer and auction sales are the quickest way to settlement. However, private sales can take longer, given that we need additional documentation from a private vendor to confirm ownership of the Trailer and to ensure the funds are being given to the correct person/entity

What type of Truck Trailer Finance Loans do we offer?

  • Most of our Truck Trailer Finance facilities are chattel mortgages. However, we can provide finance leases, commercial hire purchases, or rentals. All facilities work a little differently based on tax structures – but our clients can confirm with their accountant which facility will best suit their business

Can I have a structured payment Truck Trailer Loan facility?

  • Our policy is very flexible, which means we can write into the loan contract that a one-off payment is applied to the loan contract within 6 months of the drawdown date. This allows a client to move on the full purchase price of the Truck Trailer being purchased and allows them to sell their current Trailer privately and deposit the surplus sale proceeds onto the new loan. – effectively reducing the monthly payments over the life of the loan
  • We can also be creative on the balloon payments applied to our loan contracts, depending on the age of the Trailer, the type of work Truck / Trailer combination will be doing and the projected amount of KM’s it will travel. However, we can apply balloons from 10% to 40% – subject to the client’s needs and whether we need to consider a higher or lower balloon payment to make the deal fit within our policy matrix
  • The balloon payment effect essentially helps reduce the monthly payments over the life of the loan. Still, it means the client has to payout the balloon at the end of the term, refinance it, or payout the balloon with the proceeds from trade in value or private sale funds

What is a balloon payment and how do they work?

  • A balloon payment can be applied to a loan contract in order to reduce overall monthly payments and effectively maximise cash flow for a business
  • A balloon payment can only be applied to a Truck Trailer that is no older than 5 years old at time of purchase
  • Balloon payments can be between 10% and 40% depending on the age of the Trailer or the intended usage of the Trailer
  • Options for the client with contracts that have balloon payments are to either payout using own funds at the end of the term, refinance the balloon with a separate loan at the end of the term or to payout the balloon from proceeds derived when the Trailer is traded at the dealership

Do I need financials completed before I apply for Truck Trailer Finance?

  • Our flexible policy matrix provides our customers access to a wide range of funding options which often means we do not require financial statements
  • No Doc Truck Trailer Finance up to $500K (no bank statements and no financials)
  • Low Doc Truck Trailer Finance up to $1M (BAS and tax portal)
  • Full Doc Truck Trailer Finance above $1M (accountant prepared financials and personal tax returns for the directors)
  • We do not require financial statements for loans up to $500K – it is only on the bigger transactions that BAS or Accountant prepared financials are required – given a higher credit risk based on the purchase price

Can I apply for a Truck Trailer Loan if I am starting out?

  • We can offer Truck Trailer Finance for new start businesses — no deposit required for loan amounts up to $175K. A deposit will be required if the purchase is greater than $175K (typically 10% to 20%)
  • We need to see a work source letter or work contract confirming our clients has ongoing work
  • Also required is confirmation that our customer has funds in the bank to cover running costs for the first 3 months (must be genuine savings)

Where is Heavy Vehicle Finance located?

  • Heavy Vehicle Finance is located in Brisbane – however we have clients Australia Wide. Once a broader relationship has been nurtured, the relevant Relationship Manager will organise an interstate visit to further understand the client’s business
  • We successfully have clients Australia Wide given the fact our approval process is online and we issue documents via email or DocuSign. Customers of Heavy Vehicle Finance can also call our office number or their dedicated Relationship Manager’s mobile number at any time

Does Heavy Vehicle Finance only finance Truck Trailers?

  • In addition to funding Truck Trailers, we also provide Finance for all types of Trucks and Heavy Equipment. The only requirement is that the Asset we finance has identifiers and is used for business purposes
  • As we only specialise in Truck Trailer Finance we are unable  to assist with Loans such as Personal Loans, Home Loans or Recreational Vehicle Loans