Truck & Equipment Finance

The majority of truck dealerships offer truck and equipment finance and/or have affiliated finance companies that can assist to complete your purchase and get your truck on the road.

Generally the truck and equipment finance market use the products listed below to assist clients purchasing trucks and equipment. Truckworld.com.au recommends you talk with lenders and seek professional advice, it's important to choose the correct finance option for your truck, transport and equipment assets.

Summary of truck and equipment finance options listed below:

• Commercial Hire Purchase
• Chattel Mortgage
• Finance Lease

• Ownership of the goods is obtained at the end of the term.
• Repayment schedules are flexible, generally two to five years.
• A residual balloon payment can be factored in to reduce the monthly payments or the loan can be fully amortised (nil residual balloon).
• Applicable to new and pre-owned trucks and equipment.
• Deposits and/or trade-ins can be used to reduce the loan amount.

• You hold title of the goods at the start of the contract.
• Repayment schedules are flexible, generally two to five years.
• A residual balloon payment can be factored in to reduce the monthly payments or the loan can be fully amortised (nil residual balloon).
• Applicable to new and pre-owned trucks and equipment.
• Deposits and/or trade-ins can be used to reduce the loan amount.

• Option to purchase leased goods at end of contract term or upgrade to a new truck.
• Repayment schedules are flexible, generally two to five years.
• A residual balloon payment can be factored in to reduce the monthly payments or the loan can be fully amortised (nil residual balloon).
• Costs are known in advance with fixed monthly payments.
• No Deposits and/or trade-ins can be applied to a finance lease.