80+ lenders, one application
We compare commercial and specialist transport lenders in one go for the sharpest rate available to you.
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Truck finance. Ready for the job.
Get your next truck working for you. Your broker searches our 80+ lender panel for suitable finance and explains repayments alongside your business needs.
- New and used commercial trucks
- Owner-driver and fleet options
- A broker through to settlement
What have you got planned?
Let’s help you fund it.
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
Example brands and equipment
These 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 T610 and T909
- Volvo FH and FM
- Scania R and S series
- Isuzu F and G series
- Hino 500 and 700
- Fuso Shogun
- Mack Anthem
- DAF CF and XF
What you can buy or refinance
The way this truck is being purchased affects the lender's valuation, available term and security checks.
- prime movers
- rigid trucks
- tippers
- refrigerated trucks
- tow trucks
- crane trucks
- trailers
- new and used trucks
Documents that explain the purchase
These records connect the truck, its total cost and intended work with the business's ability to make the repayments.
- truck and body specifications
- kilometres
- service records
- freight contract
- head contractor agreement
- bank statements
- BAS
- finance schedule
Have something in mind? Let’s talk finance.
Get my free quoteTruck finance.
More options. Less legwork.
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 nonbank lenders to fund the backbone of your operation smoothly.
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.
Why choose X Lend for truck finance?
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 submit once you're ready.
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.
An older rig or high kilometres doesn't have to end the deal. Lenders differ widely on truck age and usage, and some will even weight a new owner operator's industry experience and contracts alongside time in business.
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 optionsYour circumstances.
Your finance options.
Transport lenders each have their own appetite, that's why we compare 80+ of them, but most weigh the same things.
What do I need to qualify for truck finance?
- 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
Who can truck finance help?
- 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
When should I consider another option?
- 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
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.
What do lenders look at for truck finance?
A lender wants to know what the 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 semis.
- 02
We do the lender research
We help organise driver licence for each director or applicant and ABN and GST registration details and check ABN age and GST registration, many lenders like established ABNs, though some will back new operators with industry experience to find lenders that fit your situation.
- 03
Choose your finance
We explain chattel mortgage and finance lease, 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.
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 from one to seven years. Most lenders assess the truck's purchase age and its expected age at the end of the term. Older units may suit a shorter term or a lender with more flexible age policy.
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 repayment quote is only useful when the truck specification, freight or trade work, running costs and downtime assumptions are realistic.
Configuration determines value and use
Prime mover, rigid, tipper, crane truck and specialised body types should be fully described and separately priced where needed.
Contract revenue needs context
Rates, minimum volume, term and counterparty are more useful than a headline weekly turnover figure.
Older trucks narrow policy
Age and kilometres at the end of the requested term may lead to a shorter term, contribution or specialist lender.
Downtime and maintenance need reserves
A viable repayment should leave capacity for tyres, servicing, insurance, registration and periods off the road.
Why the asset's age and condition matter
Kilometres, engine hours, driveline condition, body or trailer wear and service history shape remaining life and resale value. In practical terms, this can change the deposit required, how long the loan can run and which lenders will consider the asset.
Tyres, engine and driveline maintenance, registration and trailer work form part of maintenance and replacement spending. 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 contracts, rate schedules, minimum volumes, route history and head contractor agreements can explain the work and revenue cycle. 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 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 full truck and body specifications.
- Explain established work or contract terms.
- Check PPSR and current payout details.
- Model repayment, fuel and maintenance together.
How we can help.
Illustrative examples of how we approach truck finance.
A newer business purchasing truck
The business has a shorter ABN history and confirmed work that requires the 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 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.
A truck file is strongest when the configuration, work, operating costs and purchase channel tell one consistent story. We use that information to narrow the panel before submission and approach lenders whose asset and industry policy fit.
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 truck finance with the best fit for your operation.
Can I finance an older or high kilometre truck?
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.
Can a new owner operator get truck finance?
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.
What structures are available?
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.
How fast can it settle?
Many truck deals get a same day decision and settle within 48 to 72 hours once documents and inspections are in.
Can I finance a truck bought at auction?
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.
Can the prime mover and trailer be financed together?
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.
Can I get low doc truck finance?
Often, yes. Established operators can frequently finance a truck on trading history alone, without full financials. The tradeoff can be pricing or facility size, so we compare low doc and full doc options and show you both.
Can I finance a truck if my income is seasonal?
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.
What brands, models or purposes can truck finance cover?
Common examples include Kenworth T610 and T909, Volvo FH and FM, Scania R and S series, Isuzu F and G series, Hino 500 and 700, Fuso Shogun. 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 truck and body specifications, kilometres, service records, freight contract, head contractor agreement, 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
Small truck financeHeavy truck financeFleet financeEquipment financeUte financeBorrowing power calculatorDo you need a truck finance deposit?First truck finance for a new owner-driverChattel mortgages explainedLow doc equipment financeEquipment finance vs a business loanBusiness loan eligibility checkerEquipment finance calculatorRent vs buying calculatorTransport and logistics financeEarthmoving and civil financeMining and resources finance
Further readingASIC — credit and lendingAustralian Business RegisterPPSR information for businessesbusiness.gov.au — apply for a business loanPPSR — buying a motor vehicle
Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026