80+ lenders, one application
We compare commercial and specialist transport lenders in one go for the sharpest rate on heavy gear.
108 reviews 5.0
Heavy truck finance. Take on bigger jobs.
Take on the work ahead with confidence. Your broker searches our 80+ lender panel for suitable heavy truck finance and checks the asset requirements.
- Heavy vehicles and prime movers
- Owner-driver and fleet options
- Asset and lender requirements checked
What have you got planned?
Let’s help you fund it.
From owner driver to heavy haulage fleet, we arrange finance for:
Prime movers and linehaul tractors
Heavy rigid trucks
B-doubles and road train combinations
Trailers, dog trailers and tautliners
Tippers, tankers and specialist bodies
Owner driver first truck purchases
New, used and high kilometre units
Refinancing existing heavy truck finance
Example brands and equipment
These heavy truck examples are not a restricted list. A lender will usually place more weight on the chosen asset's age, condition, specification and intended work than its badge.
- Kenworth T909 and K200
- Volvo FH16
- Scania R and S series
- Mack Super-Liner
- Freightliner Cascadia
- DAF XG
- Mercedes-Benz Actros
What you can buy or refinance
The way this heavy truck is being purchased affects the lender's valuation, available term and security checks.
- prime movers
- B-doubles
- road trains
- heavy tippers
- low loaders
- specialised trailers
- new combinations
- used combinations
Documents that explain the purchase
These records connect the heavy truck, its total cost and intended work with the business's ability to make the repayments.
- prime mover and trailer schedules
- freight agreement
- rate per kilometre
- minimum volume
- maintenance records
- bank statements
- BAS
- management accounts
Have something in mind? Let’s talk finance.
Get my free quoteTruck finance.
More options. Less legwork.
Heavy haulage is a capital hungry game, and a prime mover parked up costs real money every day it isn't turning kilometres. X Lend is a finance broker: we take one application and compare it across 80+ banks and nonbank lenders to fund the heavy gear at the core of your transport operation.
Owner driver to fleet
Fund a first prime mover or add heavy capacity, with facilities sized to how your operation runs.
Prime movers, rigids and B-doubles
Heavy rigids, prime movers, trailers and B-double combinations, we finance the whole rig.
Why choose X Lend for truck finance?
Whether you're an owner driver buying your first prime mover, a linehaul operator adding a heavy rigid or a business scaling into B-doubles, we arrange the structure, chattel mortgage, hire purchase or lease, so you manage GST and depreciation and keep working capital where it belongs. New or used, dealer or private sale, we handle it.
Because we compare the whole panel, we can place deals a single bank might knock back, older prime movers, high kilometre units and seasonal or contract based income. We keep it plain English, flag what affects your rate, and only submit once you're ready.
Lenders for tougher deals
Older units, high kilometres or contract income, we match you to a lender comfortable with it.
Tax effective structures
Chattel mortgage, hire purchase or lease, structured around your GST and depreciation position.
Low doc options
Established operators can often finance without full financials, keeping the process fast.
For owner drivers and new operators, some lenders weight your industry experience and freight contracts alongside time in business, and higher kilometres or an older prime mover don't have to end the deal. Comparing 80+ lenders is exactly how those tougher heavy haulage deals get placed.
Work out your repayments.
Then find your finance.
Try an amount and term for your truck finance. When you’re ready, we’ll compare the options available to you.
Truck finance repayment calculator
Adjust the amount, term and rate to see an indicative repayment.
Estimate only. Calculations include an assumed $990 broker origination fee and $500 lender fee, both financed. Total repayable includes those fees, interest and any final balloon. Weekly and fortnightly figures are equivalents of the monthly estimate. Actual fees and repayment timing depend on your offer.
What rate could I get?
Your quote takes your circumstances and finance requirements into account. Compare your rate, fees and repayments together before choosing an offer.
Find my optionsA real customer.
A plan made possible.
An earlier default had left the operator with rent-to-own as the only available structure. After the credit file recovered, the expensive arrangement no longer reflected the company's conduct or position.
Heavy-truck refinance · Wagga Wagga, NSWA Kenworth moved from rent-to-own into proper ownership
Approved on the first lender enquiry and settled at a historical rate of 9.59%, reducing the ongoing cost and moving the truck into proper business ownership.
- 6 business days turnaround
- Finance arranged by X Lend
Historical customer outcome. Vehicle and business images are illustrative.
Find out what’s possible for you.
Get my free quoteYour circumstances.
Your finance options.
We match your circumstances to suitable lenders for truck finance. Your broker helps you prepare the application.
What do lenders look at for truck finance?
A lender wants to know what the heavy truck is, what it will do for the business, how long it should remain useful and whether the repayments are affordable. The details below explain the usual checks and what can help support the application.
From enquiry to settlement.
We’re with you all the way.
Your broker handles the lender comparison and paperwork for truck finance, keeping you informed at each step.
- 01
Tell us your plans
Tell us what you want to finance, how much you need and when you need it. That could include prime movers and linehaul tractors.
- 02
We do the lender research
We help organise prime mover and trailer schedules and freight agreement and check the lender criteria that apply to your circumstances to find lenders that fit your situation.
- 03
Choose your finance
We explain the available rate, term, repayment and security options, including the full cost and how repayments fit your budget. You choose the option to take forward.
- 04
We organise settlement
Your broker coordinates lender conditions, signed documents and payment details, so you can focus on what comes next.
Start with your free quote.
Your broker reviews your enquiry and explains the next steps, usually within one business day. An enquiry does not create a credit check or an obligation to proceed.
Find the finance that fits.
Know what you’re choosing.
Compare the ways you can arrange truck finance, with a broker to explain your options.
Balloon or no balloon: compare the whole repayment plan
Swipe across the table to compare all columns.
| Option | During the loan | At the end |
|---|---|---|
| No balloon | Higher regular repayments than the same loan with a balloon; the balance reduces faster | The scheduled loan balance is repaid when all payments have been made. |
| A balloon payment | Lower regular repayments, but interest is charged on a larger outstanding balance | A lump sum remains due. Budget for it rather than assuming resale or refinancing will cover it. |
| A shorter term | Higher regular repayments may reduce total interest on otherwise equal terms | Check affordability alongside the total amount repaid, fees and any payout costs. |
Use the calculator to compare the same amount, rate and term with and without a balloon. Refinancing requires a new assessment and is not guaranteed.
A clear contract or established freight history can help explain the purchase, but the complete application still depends on credit, affordability, asset policy and documents.
Prime mover and trailer are separate assets
Provide separate prices, serial details and payout information. The lender may treat each asset differently.
Contract quality matters
Rates per kilometre, minimum volumes, term, counterparty and operating costs provide more context than a headline weekly revenue figure.
Older vehicles narrow the panel
Age and kilometres at the end of the proposed term can influence deposit and term limits.
Operating costs belong in the decision
Fuel, tyres, maintenance, registration and insurance should be considered alongside the finance repayment.
Comparison of common business asset finance structures
| Structure | How it generally works | Important consideration |
|---|---|---|
| Chattel mortgage | The business owns the asset while the lender takes security over it. | Tax and GST treatment depends on the business; obtain accounting advice. |
| Finance lease | The lender owns the asset and the business pays to use it for the agreed term. | End-of-term options, residual value and total cost should be checked. |
| Rental or operating lease | The business pays for use and may receive bundled service options while the provider retains ownership. | Flexibility can be useful, and the complete cost and return conditions still matter. |
Model the complete truck operation
Finance is one line in the operating budget. Include fuel, tyres, servicing, registration, insurance, tolls, compliance, wages and downtime. Contract rates should be tested against realistic kilometres, empty running, waiting time and payment terms. A weekly revenue number without those costs does not show whether the truck can support the commitment.
Separate the prime mover, body, crane, refrigeration, trailer and other major components on the invoice. Age, kilometres, engine history and configuration can lead lenders to different terms for each asset. An independent mechanical inspection can assist the purchase decision even when the lender does not require one.
Prepare for contracts, payouts and settlement
Where work is contracted, provide the written term, rates, minimum volume, counterparty and termination conditions. Distinguish signed work from tenders or discussions. The lender will decide how much weight it gives the contract alongside the operator's experience, trading conduct and capacity.
For a trade-in or privately sold truck, obtain current payout figures and confirm the discharge process. Conduct relevant PPSR and ownership checks, verify seller bank details independently and allow time for insurance and registration documents. Conditional approval remains subject to the lender's stated requirements.
Keep the term inside the truck's useful working window
A longer term can lower the scheduled repayment while increasing the chance that major repairs or replacement arrive before the debt is cleared. Compare truck age and kilometres at the proposed end date, likely annual distance, warranty and replacement policy. Ask how an early trade, payout or refinance would be calculated before selecting a balloon or residual.
Why the asset's age and condition matter
High kilometres, engine hours, axle and driveline condition, trailer configuration and maintenance history guide term and deposit decisions. In practical terms, this can change the deposit required, how long the loan can run and which lenders will consider the asset.
Tyres, major engine work, driveline overhauls, registration and trailer maintenance form the the maintenance and replacement budget. These costs need to fit beside the repayments. The loan should also finish within the period the asset is expected to remain useful to the business.
How contracts and supplier payment dates can help
Freight agreements, route volumes, rate cards, minimum kilometres and principal-contractor history provide useful operating context. Contracts, purchase orders and confirmed work can help show how the asset is expected to earn money and when customers are expected to pay.
If the heavy truck supplier needs a deposit, progress payments and a final payment, list each date and amount. This lets the lender reconcile the full purchase cost and arrange the payment stages correctly.
What should I have ready before applying?
- Provide the truck and trailer specifications separately.
- Check the PPSR and current payout position.
- Explain the freight contract or established work history.
- Model finance repayments together with major operating costs.
How we can help.
Illustrative examples of how we approach truck finance.
A newer business purchasing heavy truck
The business has a shorter ABN history and confirmed work that requires the heavy truck.
How your broker helps
We identify lenders that can assess recent account history, industry experience and contracted work, then present the purchase as one complete operating proposal.
What to have ready
Business bank statements, GST registration, signed work agreements, the supplier quote and evidence of the operator's experience.
Used heavy truck with age or usage
The chosen asset has material age, hours or kilometres and remains suitable for the work ahead.
How your broker helps
We document condition, service history, specification and resale support, then compare lenders whose end-of-term age policy fits the proposed term.
What to have ready
Service records, inspection details, serial or VIN information, photographs, the invoice and a clear explanation of expected annual use.
Growth purchase with incomplete financial statements
Current work supports the purchase while the latest full-year accounts are still being prepared.
How your broker helps
We list the documents already available, current debts and expected payment timing, then compare lenders that accept that evidence.
What to have ready
Recent bank statements, BAS, management accounts, an accountant letter, contracts, purchase orders and a schedule of existing finance.
A word from your broker.
With heavy trucks, the repayment only makes sense beside the freight or trade work and the complete running-cost budget. We identify the truck, body and trailer separately, review contract context and current payouts, then approach a lender whose vehicle-age and operator policy fit the proposal.
Let’s compare your options.
Get my free quoteKeep your business moving.
Keep cash for what’s next.
See how arranging finance compares with waiting or paying the full cost upfront.
With truck finance
Put the truck needed for suitable work into service without waiting to fund the full cost from cash.
Preserve working capital for wages, materials and tax while arranging the truck.
Replace an unreliable or unsuitable truck before downtime and repair costs increase.
The cost of waiting.
Suitable contracts may be missed when the required truck is not available.
An older truck can keep creating downtime or repair costs while its replacement is delayed.
Buying the truck outright can reduce the cash buffer available for payroll, materials and unexpected costs.
Good finance.
Even better support.
Google reviews
Read reviews on Google Review on Google
Corey was excellent to deal with. He was able to get me a better rate than everyone else, he was very responsive, worked quickly and made the process very easy, even with me asking a million questions. I would definitely use him again next time.
Review on Google
I can’t recommend Corey from X Lend highly enough. From the very first conversation, he was professional, transparent, and genuinely focused on finding the best outcome for me. Corey took the time to explain every step of the finance process in a way that was easy to understand, answered all my questions promptly, and never once made me feel rushed or pressured. I really appreciated how proactive he was, keeping me updated, following up with lenders, and making sure everything stayed on track. What really stood out was how hard he worked to secure a great deal. He compared multiple lenders, negotiated on my behalf, and ultimately achieved a rate and repayment structure that exceeded my expectations. The whole process of purchasing my car was smooth and stress‑free thanks to their expertise. If you’re looking for someone knowledgeable, reliable, and genuinely in your corner, I wouldn’t hesitate to recommend them. I’ll definitely be using their services again in the future :)
Review on Google
Corey helped me through the entire process of getting my dream family car! He was extremely prompt with his responses and had everything organised quickly and smoothly. I made a huge mistake by settling finance on the wrong car (a 5‑seater instead of a 7‑seater), but Corey was incredibly understanding and supportive. He contacted the dealership, lender, and even rearranged my insurance for me. He did all of this without ever making me feel like a hassle, even though I knew I was being a pain! Despite the setback, Corey stayed fast and efficient, kept me confident throughout the process, and managed to get everything cancelled and re‑approved for a higher amount so I could get my actual dream car. I highly recommend Corey. He speaks to you like a friend and genuinely has your best interests at heart. I already had quotes from Toyota Finance and Toyota Insurance, and Corey was able to get both significantly cheaper. Toyota Finance even reviewed Corey’s figures and confirmed they couldn’t beat them. I will never look to another finance company again.
Let us help with
truck finance.
Your truck finance questions.
Answered.
The details you want to know before taking the next step.
Are you a lender or a broker?
We're a finance broker: we compare 80+ banks and nonbank lenders and place your heavy truck finance with the best fit for your operation.
Can I finance an older or high kilometre prime mover?
Often, yes. Lenders differ widely on age and kilometres for heavy units, which is exactly why comparing 80+ of them helps, we match your rig to a lender comfortable funding it.
Can a new owner driver get finance for a prime mover?
Frequently, yes. Some lenders weight your industry experience and freight contracts alongside time in business. We present your deal to the lenders most likely to back a new owner driver.
What structures are available for heavy trucks?
Chattel mortgage, hire purchase and finance lease are all common for heavy gear. We'll explain the GST and depreciation differences so you can choose with your accountant.
How fast can it settle?
Many heavy truck deals get a same day decision and settle within 48 to 72 hours once documents and inspections are in.
What brands, models or purposes can truck finance cover?
Common examples include Kenworth T909 and K200, Volvo FH16, Scania R and S series, Mack Super-Liner, Freightliner Cascadia, DAF XG. This is not a restricted list: the lender will still look at the exact item or purpose, the amount requested and your circumstances.
What documents can support truck finance?
A lender may ask for prime mover and trailer schedules, freight agreement, rate per kilometre, minimum volume, maintenance records, bank statements. You may not need everything on that list. X Lend confirms what applies before anything is submitted.
How does X Lend work through a complex truck finance application?
For truck finance, we first confirm the transaction, timing and available evidence. We then explain the issues that matter, compare lenders whose rules fit those facts and show the proposed option before any application is submitted.
Keep exploring your options
Do you need a truck finance deposit?How asset age affects finance termsChattel mortgages explainedLow doc equipment financeEquipment finance vs a business loanBusiness loan eligibility checkerEquipment finance calculatorRent vs buying calculatorTransport and logistics financeMining and resources financeEarthmoving and civil financeFleet financeBusiness vehicle financeUte finance
Further readingASIC — credit and lendingAustralian Business RegisterPPSR information for businessesPPSR — buying a motor vehicle
Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026