Truck Finance Australia - Rates from 6.59%

Compare truck finance from 6.59% across 50+ Australian lenders. Prime movers, rigid trucks, tippers and refrigerated units. Decisions in 24-48 hours.

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Why choose Emu Money for truck finance?

One application, 50+ lenders, and finance structures built for Australian transport, logistics and construction businesses.

Rates from 6.59%

Secured truck finance across our panel of 50+ lenders for new and used commercial vehicles.

Borrow $5,000 to $2,000,000+

Finance anything from a single rigid truck to a multi-vehicle fleet of prime movers and trailers.

Terms from 1 to 7 years

Match your term to the truck's working life and your cash flow cycle. Residual options available.

Decisions in 24-48 hours

Straightforward applications can be assessed within 24 hours, with settlement in 24-48 hours.

New and used trucks

Finance new trucks from dealers or used vehicles from private sales and auctions.

Any industry

Logistics, construction, agriculture, food transport, rental and more. ABN holders across all sectors.

How to get truck finance

Four steps from application to having your truck on the road. Straightforward deals can settle in 24-48 hours.

1.

Tell us about your business and the truck you need

Share your ABN, the truck you're purchasing, and your budget. Our online application takes a few minutes.

2.

Compare matched offers from 50+ lenders

We search across our panel for chattel mortgage, finance lease and hire purchase options. You see rates, terms and repayment structures side by side.

3.

Upload documents and get approved

Provide ID, ABN details and recent bank statements. Low-doc options are available for established businesses. Most approvals come through within 24 hours.

4.

Settle and put your truck to work

We coordinate settlement with the dealer or seller. Your truck is ready to go as soon as funds clear.

Ready to put a new truck to work?

Compare truck finance from 50+ Australian lenders. See rates, terms and repayment options in minutes.

A quick guide to truck finance in Australia

Truck finance covers any structured lending product used to acquire commercial trucks for business use in Australia. The most common structures are chattel mortgage, finance lease, hire purchase and operating lease, each with different ownership, tax and cash flow implications.

Most truck finance is secured against the vehicle, which means sharper rates and higher borrowing limits than unsecured alternatives. Rates start from 6.59% with terms from 1 to 7 years.

You can finance new trucks from dealers or used trucks from private sellers and auctions, with amounts from $5,000 to $2,000,000+. Whether you need a single rigid truck for local deliveries or a fleet of prime movers for interstate freight, the right structure depends on your tax position, cash flow pattern and how long you plan to keep the vehicle.

Prime movers, rigid trucks, tippers, concrete agitators, refrigerated units, flatbeds and livestock crates are all eligible for truck finance through Emu Money's lender panel.

What can you use truck finance for?

Truck finance can fund almost any commercial vehicle need across Australian industries. Here's how businesses typically use it:

Industry	Typical vehicle	Finance range	Common structure
Logistics and freight	Prime mover + trailer	$150,000 - $500,000	Chattel mortgage
Construction	Tipper, concrete agitator	$80,000 - $250,000	Finance lease
Agriculture	Rigid truck, livestock crate	$60,000 - $200,000	Chattel mortgage
Food and beverage	Refrigerated unit	$100,000 - $300,000	Hire purchase
Rental and leasing	Mixed fleet	$50,000 - $2,000,000+	Operating lease
Waste and recycling	Hook-lift, compactor	$120,000 - $350,000	Finance lease

Common use cases include expanding fleet capacity to meet new contracts, replacing ageing trucks before maintenance costs outweigh the vehicle's value, upgrading to more fuel-efficient models, acquiring specialised vehicles for new service lines, and adding trucks for seasonal demand peaks.

100% financing is available for newer vehicles in most cases, so you can preserve working capital while putting trucks on the road.

How much can you borrow with truck finance?

You can borrow from $5,000 to $2,000,000+ with truck finance through Emu Money, depending on the vehicle's value and your business profile. Many lenders fund up to 100% of the purchase price for newer trucks, with loan-to-value ratios between 70% and 90% for older vehicles.

Your borrowing power depends on several factors:

What affects your borrowing capacity

Annual turnover and revenue consistency
Trading history (12+ months preferred, though newer businesses are considered)
Credit profile of the business and directors
Vehicle age and condition (newer trucks generally attract higher LVRs)
Existing debt and current repayment commitments

Am I eligible for truck finance?

Eligibility for truck finance depends on your business's financial health and the vehicle you're buying. Stronger businesses with steady turnover, clean credit and newer vehicles generally get sharper rates and higher limits.

You may be eligible if you meet these criteria

Australian business with an active ABN
GST registered (required by most lenders)
Trading for at least 12 months (newer businesses may be considered with strong contracts or guarantees)
Minimum monthly turnover of $10,000
Purchasing a truck for business or commercial use

How to apply for truck finance

Applying for truck finance through Emu Money takes a few minutes online. Submit your application with your ABN, the truck details and your budget. You'll receive matched offers from across our 50+ lender panel within hours, then choose your preferred option based on rate, term, structure and repayment amount.

Straightforward applications with complete documents can move from submission to settlement within days. Low-doc pathways are available for established businesses.

Documents you'll typically need

ABN and GST registration details
Photo ID (driver's licence or passport)
Business bank statements (6 months or more)
Tax returns or BAS (for higher amounts or complex structures)
Truck details: VIN, registration, purchase invoice or quote from the seller

How to save money on truck finance

The total cost of truck finance depends on three things: the interest rate, the loan term and whether you include a residual or balloon payment. Here's how these factors interact on a $150,000 rigid truck at 6.59%:

Term	Monthly repayment	Total interest	Total cost
3 years	~$4,600	~$15,700	~$165,700
5 years	~$2,940	~$26,500	~$176,500
7 years	~$2,230	~$37,700	~$187,700
5 years with 30% residual	~$2,310	~$33,400	~$183,400*

*Plus $45,000 balloon payment at end of term.

Shorter terms cost less overall but require higher monthly repayments. A 30% residual on a 5-year term drops the monthly payment by roughly $630 compared to a standard 5-year loan, but leaves a $45,000 lump sum due at maturity.

Practical ways to reduce costs

Compare across multiple lenders on rate, establishment fees and ongoing charges
Choose a term that matches the truck's expected working life
Make extra repayments if your lender allows it without penalty
Bundle registration, insurance and fit-outs into the finance at settlement
Review your finance annually as your credit profile improves to check whether refinancing makes sense

Understanding your truck finance options

The four main truck finance structures in Australia each suit different business situations. Here's how they compare:

Factor	Chattel Mortgage	Finance Lease	Hire Purchase	Operating Lease
Ownership	Yours from day one	Yours at end of term	Yours at end of term	Never yours
GST claim	Upfront on purchase price	On each repayment	On each repayment	On each repayment
Depreciation	Yes, you claim it	No (lessor claims)	Yes, you claim it	No (lessor claims)
Balance sheet	On balance sheet	Off balance sheet	On balance sheet	Off balance sheet
Balloon option	Yes	Yes	Yes	No
Best for	Owner-operators wanting tax benefits	Cash flow flexibility	Structured path to ownership	Short-term needs or fleet rotation

Chattel mortgage is the most popular structure for owner-operators and established ABN holders. You own the truck from settlement and can claim GST upfront, plus depreciation and interest as deductions.

Finance lease keeps the truck off your balance sheet and spreads GST across each payment. It suits businesses prioritising cash flow predictability over immediate ownership.

Hire purchase works like a rent-to-own arrangement where you take ownership at the end of the term. Monthly payments include principal and interest, and you can claim depreciation.

Operating lease is a pure rental. You never own the truck, which suits businesses that rotate fleet vehicles regularly or need trucks for a fixed project period.

Consult your accountant to determine which structure suits your business's tax and cash flow position. Subject to lender approval, terms and conditions apply.

Types of truck finance

Four structures with different ownership, tax and cash flow implications. The right choice depends on how you plan to use the truck and your accountant's advice.

Chattel Mortgage

A secured loan where you own the asset from day one while the lender holds a mortgage over it as security. Perfect for business equipment, vehicles, and machinery purchases.

Loan Amount$5,000 - $2,000,000

Term12 - 84 months

Interest RateFrom 6.59%

Time to Fund24 - 48 hours

EligibilityABN registered, GST registered (if applicable), Australian Citizen or PR

Pros

Immediate ownership of the asset
Tax benefits - claim GST credits and depreciation
Flexible repayment terms available
Lower interest rates due to security

Cons

Asset serves as security - risk of repossession
Comprehensive insurance typically required
Ongoing maintenance responsibilities

Best For

Established businesses looking to purchase equipment, vehicles, or machinery with immediate ownership and maximum tax benefits.

Finance Lease

A lease agreement where you use the asset throughout the lease term with the option to purchase it at the end. Ideal for businesses wanting to preserve cash flow while accessing essential equipment.

Loan Amount$5,000 - $2,000,000

Term12 - 84 months

Interest RateFrom 6.59%

Time to Fund24 - 48 hours

EligibilityABN registered, GST registered (if applicable), Australian Citizen or PR

Pros

Lower upfront costs and deposits
Preserves working capital and credit lines
Tax deductible lease payments
Option to purchase at lease end

Cons

No ownership until lease completion
Total cost may be higher than outright purchase
Early termination penalties may apply

Best For

Growing businesses that need equipment access without large capital outlay, or companies wanting to preserve cash flow for operations.

Hire Purchase

A financing arrangement where you hire the asset with an obligation to purchase it at the end of the term. Combines the benefits of gradual ownership with manageable monthly payments.

Loan Amount$5,000 - $2,000,000

Term12 - 84 months

Interest RateFrom 6.59%

Time to Fund24 - 48 hours

EligibilityABN registered, GST registered (if applicable), Australian Citizen or PR

Pros

Guaranteed ownership at term completion
Fixed monthly payments for budgeting
No large upfront capital required
Tax benefits available during the term

Cons

No ownership until final payment made
Higher total cost than outright purchase
Asset cannot be sold during the term
Early termination may incur penalties

Best For

Businesses that want eventual ownership of assets but need to spread the cost over time, particularly suitable for essential equipment with long useful life.

Operating Lease

A rental agreement for business equipment where you use the asset for a set period without ownership obligations. Perfect for equipment that becomes obsolete quickly or seasonal business needs.

Loan Amount$5,000 - $2,000,000

Term12 - 84 months

Interest RateFrom 6.59%

Time to Fund24 - 48 hours

EligibilityABN registered, GST registered (if applicable), Australian Citizen or PR

Pros

No ownership responsibilities or risks
Lower monthly payments than finance options
Easy upgrades to newer equipment
Tax deductible lease payments

Cons

No equity built in the asset
No ownership at lease end
Limited customisation options
Ongoing payment obligations

Best For

Businesses needing short-term equipment access, companies in rapidly evolving industries, or those wanting predictable operating expenses without ownership risks.

Truck Finance Repayment Calculator

Estimate your repayments and total cost. Adjust the amount, term and rate to plan cash flow before you apply. Default figures are based on a mid-range rigid truck purchase.

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Case Study

Michael Grant, LogiTrans Freight

Scaling a logistics fleet with truck finance

Industry: Logistics

Challenge: LogiTrans Freight secured three new interstate contracts but needed additional prime movers and trailers within six weeks to service them.

Solution: A multi-vehicle truck finance facility covering three prime movers and matching trailers, structured as chattel mortgages with staggered 5-year terms.

Michael Grant runs LogiTrans Freight from western Sydney. When three new interstate contracts landed in the same month, he needed trucks on the road fast. Through Emu Money, Michael arranged $690,000 in truck finance covering three prime movers at $185,000 each and matching flat-top trailers at $45,000 each. The chattel mortgage structure meant he could claim GST upfront and start depreciating the fleet immediately. Staggered settlement dates spread deliveries across three weeks, with repayments covered by the new contract revenue from day one.

Frequently asked questions

Common questions about truck finance in Australia.

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 types of trucks can I finance?

How much can I borrow for a truck?

What are the current truck finance rates?

Do I need a deposit for truck finance?

What loan terms are available for truck finance?

Can I get truck finance as a new business?

What is the difference between chattel mortgage and finance lease?

Are truck finance repayments tax-deductible?

Can I finance a used truck?

What documents do I need for truck finance?

How quickly can I get truck finance approved?

How can Emu Money help with truck finance?

ML

Matt Leeburn

Last updated April 2026

This page is general information only and is not financial advice. Terms, rates, and eligibility criteria are indicative and subject to lender assessment.

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