Truck Finance Australia
Big trucks, serious finance.
Heavy work needs reliable gear — one application, 80+ lenders, and funding for the backbone of your operation.
Award WinningApply in 5 mins. Relax after.
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Fund the gear that keeps you moving.
A truck that's off the road costs you money. Whether you're adding a rigid for local runs or a prime mover for the long haul, X Lend is a finance broker: we take one application and compare it across 80+ banks and non-bank lenders to fund the backbone of your operation smoothly.
From owner-operators buying their first rig to fleets adding capacity, we arrange finance for new and used trucks, dealer or private sale. We structure it as a chattel mortgage, hire purchase or lease so you can manage GST and depreciation and keep working capital where it belongs.
Because we compare the whole panel, we can place deals that a single bank might knock back — including older trucks, higher-kilometre units and seasonal operators. We keep it plain English and only lodge once you're ready.
Why finance your truck with X Lend.
80+ lenders, one application
We compare commercial and specialist transport lenders in one go for the sharpest rate available to you.
Owner-operator to fleet
Fund a single rig or expand a fleet, with facilities sized to how your operation runs.
New, used and private sales
Dealer floor or a private buy — we arrange finance and handle the checks so the deal settles cleanly.
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 it fast.
Lenders for tricky deals
Older trucks, high kilometres or seasonal income — we match you to a lender comfortable with it.
What you can finance.
From light rigids to heavy haulage, we arrange finance for:
- Prime movers and semis
- Rigid trucks and cab-chassis
- Tippers and dump trucks
- Trailers, dog trailers and B-doubles
- Curtain-siders and refrigerated bodies
- Tow trucks and specialist bodies
- New and used units
- Refinancing existing truck finance
Who it suits — and who it doesn't.
A strong fit if…
- Owner-operators buying a first rig or stepping up to a bigger unit
- Transport businesses adding rigids, tippers or trailers as contracts grow
- Fleets replacing units or expanding capacity across several trucks
- Operators buying used, high-kilometre or auction trucks that a single bank might decline
- Newer ABNs with solid industry experience and work already lined up
Probably not the right tool if…
- Trucks for private or recreational use — this is commercial finance for working vehicles
- Working capital with no truck attached — an unsecured business loan usually fits that better
- Operators still deciding between units — though a pre-approval means you can negotiate like a cash buyer
How the loan can be structured.
The right structure depends on how you run the truck, how long you'll keep it and what your accountant recommends. These are the options we compare for you.
Chattel mortgage
You own the truck from day one and the lender takes security over it. The most common structure for operators who want to claim GST on the purchase and depreciate the unit — your accountant can confirm the detail.
Finance lease
The lender owns the truck and you lease it for a fixed term with options to buy, extend or return at the end. Suits fleets that turn units over regularly and want predictable payments.
Hire purchase
You pay the truck off over the term and ownership transfers with the final payment. A middle ground that sometimes fits better for accounting or lender-policy reasons.
Balloon and residual structures
Leaving a lump sum to the end of the term keeps repayments lower while the truck is earning. Balloon sizes depend on the lender, the truck's age and expected kilometres — we'll model the options side by side.
Low-doc vs full-doc
Established operators can often go low-doc on trading history alone, while full-doc applications with financials typically unlock sharper pricing and bigger facilities. We'll show you both where they're available.
Terms and truck age
Terms typically run one to seven years, and most lenders care about the truck's age at the end of the term rather than at purchase. Older units may suit a shorter term or a lender with a more flexible age policy.
What lenders look for — and what to have ready.
Transport lenders each have their own appetite — that's why we compare 80+ of them — but most weigh the same things.
Typical lender criteria
- ABN age and GST registration — many lenders like established ABNs, though some will back new operators with industry experience
- Time trading, contracts in hand and the consistency of income through the business account
- The truck itself — age, kilometres, condition and how old it will be when the term ends
- Credit history of the business and its directors
- Deposit or property backing, which strengthens larger or borderline deals
- Existing truck and equipment commitments across your current lenders
Documents to have ready
- Driver licence for each director or applicant
- ABN and GST registration details
- Recent business bank statements — usually the last few months
- Dealer quote or supplier invoice for the truck
- For private sales: the seller's details, rego papers and an inspection where the lender requires one
- Rate confirmations or contracts if you're a newer operator — they help tell the story
- For full-doc applications: recent financials or BAS — established operators can often go low-doc without them
Approved in four simple steps.
Speed wins. Most applications get a decision the same day and funds within 24 to 72 hours.
- 01
Enquire
Send us a few details — no documents needed to start. We tell you what's possible within hours, not days.
- 02
We Find Your Lender
We compare your deal across 80+ lenders and match it to the ones most likely to approve it at the sharpest rate.
- 03
Lender Approval
We package and submit your application, negotiate the terms, and come back to you with a clear approval.
- 04
Settlement
We handle the paperwork, get your documents signed, and your loan settles — funds released to you or the seller.
Why applications get declined — and what we do about it.
One lender's no isn't the industry's no. These are the common sticking points on truck deals — and how we reposition them. We never promise an approval, but the right lender match changes outcomes.
ABN too new for that lender's policy
Some lenders want years of trading behind an ABN; others will weight your driving history, signed work and a deposit instead. We take the file straight to the lenders that back new operators.
Truck too old at the end of the term
Age caps vary widely between lenders. A shorter term, a lender with a more flexible age policy or a slightly newer unit usually gets the deal done.
Paper defaults from a busy year
A telco or trade default from a flat-out period doesn't have to end it. Some lenders will look past explained defaults, especially with clean conduct since.
Seasonal or cash-heavy income
Harvest runs and seasonal freight can look lumpy on bank statements. We match seasonal operators to lenders that understand the cycle or can structure repayments around it.
Overexposure to one lender
If your bank already holds several of your trucks, it may simply be full on your business. We place the next unit with a different lender on the panel.
Common questions, straight answers.
We're a finance broker: we compare 80+ banks and non-bank lenders and place your truck finance with the best fit for your operation.
Often, yes. Lenders differ on truck age and kilometres, which is exactly why comparing 80+ of them helps — we match your unit to a lender comfortable funding it.
Frequently, yes. Some lenders weight your industry experience and contracts as well as time in business. We present your deal to the lenders most likely to back a new operator.
Chattel mortgage, hire purchase and finance lease are all common for trucks. We'll explain the GST and depreciation differences so you can choose with your accountant.
Many truck deals get a same-day decision and settle within 48 to 72 hours once documents and inspections are in.
Yes, many lenders fund auction trucks. Auction houses expect prompt settlement, so the trick is having a pre-approval in place before you bid — we'll arrange it so you can raise your hand with confidence.
They can go on one facility or be financed separately — and because trailers often outlast prime movers, splitting them can make replacement easier down the track. Sometimes different lenders suit each unit, so we'll structure it around how you'll run and eventually replace them.
Often, yes. Established operators can frequently finance a truck on trading history alone, without full financials. The trade-off can be pricing or facility size, so we compare low-doc and full-doc options and show you both.
Yes. Seasonal freight and harvest work are normal in transport, and some lenders will take a broader view of your annual income or structure repayments around the cycle. We put your file in front of the lenders that understand it.
Keep exploring
Light rigids and car-licence trucks for local work.
Heavy truck finance →Prime movers, B-doubles and heavy haulage units.
Fleet finance →Facilities built for adding multiple vehicles as contracts grow.
Equipment finance →Trailers, forklifts and the gear that works alongside the trucks.
Ute finance →Support and site vehicles for the rest of the operation.
Borrowing power calculator →See what the operation could fund before you commit to a unit.
Reviewed by Corey Marino — Founder & Finance Broker, FBAA & AFCA member
Last reviewed 13 July 2026 · About Corey →