Truck Finance & Truck Loans

Whether you're an owner-operator buying your first rigid, a transport business adding a prime mover, or a trade putting a tipper or tow truck on the road, the right truck finance keeps the purchase working for your cash flow rather than against it. Treadgold Finance arranges truck loans for new and used trucks and trailers for businesses across the Sunshine Coast and Australia-wide. As an FBAA-accredited broker with access to 40+ lenders, including specialist commercial lenders, we compare the market and structure the loan to suit your business.

Trucks are almost always financed as a business asset, which means a choice of structures: a chattel mortgage, where you own the truck from day one and the lender holds security over it; a finance lease; or hire purchase. Which one fits depends on your business structure, how you account for assets, and your accountant's advice. Our guides to chattel mortgages and finance lease vs hire purchase set out the differences, and our walkthrough of how to finance a truck for your business covers the process end to end.

New and used trucks are both financed regularly, including private sales. Lenders assess a used truck's age, kilometres and condition, and may set the term so the loan is paid out before the truck reaches a certain age, so an older unit can mean a shorter term and higher repayments than the price alone suggests. If you're looking at a semi, our guide to common mistakes when buying a semi truck on finance is worth reading first, and if the purchase includes a trailer, it can often be bundled into the same finance; see how trailer finance works.

Many transport operators can't produce full financials on demand, and that's fine: low doc business loans assess the business on bank statements and BAS instead, and they're common in the industry. A less-than-perfect credit history narrows the field of lenders but rarely closes it, particularly with a trading business and a sensible deposit; our honest guide to truck finance with bad credit covers what's realistic. Many operators also use a balloon payment to match repayments to the truck's working life, which our balloon payments guide explains.

Truck finance is available to ABN holders and businesses with an established income, whether you operate as a sole trader, partnership, company or trust. For larger fleets or attached equipment we can also arrange equipment finance. For the bigger picture on how secured lending against a business asset works, see our guide to asset finance.

1. Tell us about the truck and the work

We start with what you're buying, rigid or prime mover, tipper, tow truck or trailer combination, new or used, dealer or private, and what work it will do. Lender appetite varies by truck type and age, so this shapes the options from the outset.

2. Checking your business position

We look at your trading history, income and existing commitments to work outwhat's realistic. For established operators it's straightforward. If full financials aren't available, we use low doc options assessed on bank statements and BAS. We're upfront about what's achievable before any application goes anywhere.

3. Comparing lenders and structures

Truck lenders differ in appetite for used and older trucks, in deposit requirements and in how they price different operators. We compare across our panel of 40+ lenders, weighing rate, fees, term and structure, and give you a shortlist with a clear recommendation and the reasoning behind it.

4. Getting pre-approval

Once you've chosen a direction, we submit for pre-approval so you know your budget and can negotiate with confidence, at a dealer, a truck show or a private sale. Pre-approval typically takes 24 to 48 hours for a straightforward application.

5. Submitting the application

Once you've found the truck and agreed the price, we submit the formal application with the invoice or contract of sale, ID and final paperwork, and manage the back-and-forth with the lender and seller.

6. Settlement

On approval, the lender pays the seller directly and the truck goes to work. We walk you through the loan agreement, your first repayment date and any insurance requirements before you sign.

7. After-settlement support

We stay your point of contact for the next truck, a trailer, an upgrade, or refinancing down the track as your business and credit position strengthen. No starting from scratch.