Truck and Equipment Financefor Australian Businesses.

Yes, in some cases. Lenders on our panel consider newer businesses, especially where contracts or strong income evidence support the application. Typical prime criteria include an ABN active 2 years or more, so a newer business is more likely to be offered a low-deposit structure. Your specialist explains which lenders suit your trading history.

Yes, for eligible businesses. Low doc equipment finance reduces the paperwork compared with a traditional bank application and suits self-employed operators and contractors whose financials do not fit a bank template. Your specialist tells you which documents are needed and guides you through gathering them.

Standard bank policies often do not fit self-employed operators. We offer low doc and flexible assessment options designed for business owners, contractors and non-standard profiles.

Not necessarily. Many businesses we assist have been declined by major banks. With access to a broad lender panel, we can often structure solutions that traditional banks cannot offer.

Yes. Equifund arranges finance for new and used equipment bought from a dealer, at auction or through a private sale, including trucks, trailers, excavators and farm machinery. Pre-approval is typically issued within 24 hours, and deposit, term and rate vary by asset age and lender.

Yes. We do not apply strict age limits. The age of each truck or machine is considered case by case alongside its condition and earning capacity, and deposit, term and rate vary by lender and asset age. If you are weighing up a truck purchase, our truck finance guide compares the structures side by side.

We finance a wide range of income-producing assets including trucks, trailers, excavators, tractors, harvesters, plant machinery, commercial vehicles and specialised equipment.

We specialise in transport and logistics, construction, civil, earthmoving, mining, agriculture and other equipment-reliant industries.

Yes. We offer flexible repayment structures designed around seasonal, contract-based or uneven income cycles.

There is no fixed cap. Borrowing capacity depends on the asset, your business income and the lender, with facilities ranging from a single machine to multi-asset fleet packages. Your specialist confirms what your profile supports before anything is submitted.

Most equipment finance terms run between two and seven years. Shorter or longer structures, and balloon or residual options, may be available depending on the asset and lender.

A balloon, also called a residual, is a lump sum left owing at the end of a finance term. It lowers your regular repayments, but the balloon must be paid out or refinanced when the term ends. Balloon options may be available depending on the asset and lender.

Often parts of it are. With a chattel mortgage, for example, interest charges and depreciation may be claimable for the business-use portion of the asset. Every business is different, so confirm the tax treatment with your accountant before choosing a structure.

With a chattel mortgage you own the truck or machine from day one, while the lender holds a mortgage over it as security until the loan is repaid. It is widely used for trucks and machinery, and interest and depreciation may be claimable for the business-use portion, so confirm the tax treatment with your accountant.

With hire purchase the lender owns the asset and hires it to your business for a fixed term. You make regular repayments, and ownership of the truck or machine transfers to you once the final payment is made. Your specialist can compare it with a chattel mortgage so you can choose the structure that fits your business.

With a chattel mortgage you own the asset from day one and the lender holds a mortgage over it until the loan is repaid. With hire purchase the lender owns the asset and ownership transfers to you after the final payment. Confirm the tax treatment of each with your accountant before choosing.