Heavy Vehicle Finance For Business

Your guide to getting the right heavy vehicle finance.

Lender Score
review star
review star
review star
review star
review star
4.5 out of 5 | 8,189 Reviews | 22 Lenders
Find the best Heavy Vehicle Finance for you with Emu MoneyFind the best Heavy Vehicle Finance for you with Emu Money

A quick guide to heavy vehicle finance

Heavy vehicle finance offers a flexible and convenient way to fund the purchase of trucks, buses, or other commercial vehicles. Whether you need to expand your fleet, replace aging vehicles, or enter new markets, heavy vehicle finance can provide the necessary funds. With various financing options available, you can choose the terms and repayment structure that best align with your business needs. By leveraging heavy vehicle finance, you can acquire the vehicles you need while preserving your working capital and maintaining your cash flow. Let's explore how heavy vehicle finance can help your business thrive in the competitive transportation and logistics industry.

Here's what heavy vehicle finance typically looks like:

eligibility orange tickBorrow from $8,000
eligibility orange tickLoan terms from 1 - 7 years
eligibility orange tickWeekly, fortnightly or monthly repayments
eligibility orange tickFixed interest rates from 7.44%
eligibility orange tickInterest rate tailored to your situation

What can I use heavy vehicle finance for?

Businesses can utilise heavy vehicle finance to acquire trucks, buses, or other commercial vehicles for their operations. Whether it's expanding their fleet, upgrading existing vehicles, or entering new markets, heavy vehicle finance provides the funds needed. With flexible repayment options, businesses can preserve their working capital while obtaining the necessary vehicles to enhance their transportation and logistics capabilities.

Here are some common reasons people take out heavy vehicle finance:

Expanding the fleet

Businesses can use heavy vehicle finance to add new trucks or vehicles to their fleet, increasing their capacity for transportation and delivery.

Replacing outdated vehicles

Heavy vehicle finance allows businesses to upgrade their existing fleet by replacing old or inefficient vehicles with newer models, improving reliability and efficiency.

Entering new markets

Businesses can use heavy vehicle finance to enter new markets or expand their service areas, enabling them to reach more customers and increase their revenue potential.

Meeting specific industry requirements

Certain industries, such as construction or logistics, may require specialised heavy vehicles. Heavy vehicle finance can help businesses acquire these vehicles to meet industry-specific needs.

Transporting goods and materials

Heavy vehicle finance enables businesses to transport goods, materials, and equipment efficiently, ensuring smooth operations and timely delivery.

Construction and infrastructure projects

Businesses involved in construction or infrastructure projects can use heavy vehicle finance to acquire vehicles like excavators, cranes, or concrete mixers to support their operations.

Mining and resources industry

Heavy vehicle finance is often used by businesses operating in the mining and resources industry to acquire specialised vehicles and equipment required for their operations.

Waste management and recycling

Companies in the waste management and recycling sector can utilise heavy vehicle finance to acquire garbage trucks, waste collection vehicles, or recycling equipment to support their operations.

Freight and logistics services

Businesses providing freight and logistics services can use heavy vehicle finance to expand their fleet and meet the increasing demands of the transportation industry.

Public transportation services

Heavy vehicle finance enables businesses to acquire buses or coaches for operating public transportation services, offering commuters reliable and efficient transport options.

Ready to run the numbers?

Calculate your repayment estimates and more.

How much can I borrow for heavy vehicle finance?

When it comes to heavy vehicle finance in Australia, the amount you can borrow will depend on various factors. Lenders consider factors such as the type of vehicle, its value, your business's financial standing, and your creditworthiness. Typically, lenders offer loans ranging from tens of thousands to millions of dollars for heavy vehicle finance. The specific amount you can borrow will be determined by factors such as your business's income, cash flow, and ability to repay the loan. Additionally, the value and specifications of the heavy vehicle you intend to finance will also play a role in determining the loan amount.

It's important to note that lenders may require a down payment or collateral for larger loan amounts. Collateral can be in the form of the heavy vehicle itself or other assets that your business owns. By providing collateral, you may have access to higher loan amounts and potentially lower interest rates. Remember that borrowing for heavy vehicle finance should align with your business's financial capabilities and objectives. It's essential to carefully evaluate your business's financial situation, cash flow projections, and anticipated return on investment before deciding on the loan amount.

Heavy Vehicle Finance Repayment Calculator

To estimate your monthly repayments and the total cost of the loan, input the loan amount, loan term and interest rate into the calculator below. This helps you plan your budget and choose the most suitable loan terms.

Loan Amount
Establishment Fee
Loan Term (Years)
Interest Rate
Total amount to repay
Your repayments

Balance over time

Am I eligible for heavy vehicle finance?

Lenders consider several factors when assessing your eligibility, including your credit score, income, debt-to-income ratio, age, residency, and required documentation. While meeting the eligibility criteria doesn't guarantee loan approval, having a good credit score, stable income, and a positive financial profile significantly improve your chances.

You are eligible to apply for a heavy vehicle finance if you are:

eligibility orange tickOver the age of 18; and
eligibility orange tickAn Australian citizen or permanent resident; and
eligibility orange tickHave a regular source of income, that is enough to meet the repayments

How to apply for heavy vehicle finance?

Applying for heavy vehicle finance is easy and only takes a few minutes. Get started by filling out some basic information into our application form. We’ll review your information, and someone will be in contact with you to discuss the best option for you from over 40+ Australian lenders.

If you’re eligible for heavy vehicle finance, and you are happy with the initial quote, you will need to prepare documents such as:

eligibility orange tickPassport or drivers licence
eligibility orange tickProof of income and expenses (e.g. payslips, bank statements)
eligibility orange tickDetails of any current debts or other loans

Ready to get started?

Compare over 40+ lenders with one application.

How to get the best heavy vehicle finance for you?

When searching for heavy vehicle finance, it's essential to understand the different factors to find the best fit for your needs. From interest rates and fees to loan terms and early payout options, each factor can increase or descrease the total amount you will repay.

Interest Rate

When searching for heavy vehicle finance, one of the crucial factors to consider is the interest rate. A lower interest rate can save you a significant amount of money over the life of the loan. It's essential to compare rates from different lenders and understand how they may be influenced by factors such as your creditworthiness, loan amount, loan term, and the type of vehicle you're financing.


In addition to the interest rate, it's important to consider any associated fees when evaluating heavy vehicle finance options. These fees may include application fees, ongoing account fees, early repayment fees, and exit fees. Understanding the fee structure will help you assess the overall cost of the finance and make an informed decision.

Comparison Rate

To gain a comprehensive understanding of the total cost of heavy vehicle finance, it's recommended to look at the comparison rate. The comparison rate takes into account both the interest rate and any associated fees, providing a more accurate representation of the true cost of the loan. Comparing comparison rates allows for an apples-to-apples comparison of different finance options.

Loan Term

The loan term refers to the duration over which you'll repay the finance. Choosing the right loan term is essential as it affects your monthly repayments and the total interest paid over time. A shorter loan term may result in higher monthly payments but can save you money in interest. Conversely, a longer loan term may offer lower monthly payments but result in higher total interest costs.

Balloon Payment

Some heavy vehicle finance options may include the possibility of balloon payments. A balloon payment is a lump sum payment due at the end of the finance term. It can help reduce your regular monthly repayments but requires careful consideration and planning to ensure you have the means to make the payment when it becomes due. Assess whether a balloon payment option aligns with your business's cash flow and financial objectives.

Early Payout

Flexibility is key when considering heavy vehicle finance. Determine if the finance allows for early payout without incurring significant penalties. Having the option to repay the finance sooner can save you money on interest and provide financial freedom. Consider your business's growth projections and cash flow when assessing the importance of early payout flexibility.

Find the best Heavy Vehicle Finance for you with Emu MoneyFind the best Heavy Vehicle Finance for you with Emu Money

Frequently Asked Questions

Still have questions about heavy vehicle finance?

These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.

What is heavy vehicle finance?
What are the eligibility criteria for heavy vehicle finance?
How much can I borrow through heavy vehicle finance?
What is the interest rate for heavy vehicle finance?
What are the repayment options for heavy vehicle finance?
Do I need collateral for heavy vehicle finance?
What is the loan term for heavy vehicle finance?
What happens if I default on my heavy vehicle finance?
Can I finance both new and used vehicles through heavy vehicle finance?
Is it possible to refinance an existing heavy vehicle finance loan?
Can I claim tax deductions for heavy vehicle finance?
What are the benefits of heavy vehicle finance for my business?
How long does the heavy vehicle finance approval process take?
Can I use heavy vehicle finance for leasing vehicles?