Auction Truck Finance for Owner-Drivers and Fleets
Auction truck finance is a truck loan pre-approved before bid day, so Australian owner-drivers, fleet operators and transport businesses know their limit before they register. Equifund arranges it for prime movers, rigids, tippers and trailers sold through Pickles, Manheim, Lloyds Auctions and other Australian auction houses, and for private-sale trucks, on a chattel mortgage, finance lease or operating lease.
- Pre-approval typically inside 24 hours
- $0 deposit available for prime applications
- Wide specialist lender panel
- Auction, ex-fleet or private-sale trucks
30-second eligibility check. No credit check unless you proceed.
Choose Your Industry
Choose the category that best describes your finance requirement.
No obligation. A credit check only happens if you choose to proceed.
Who Buys Trucks at Auction With Pre-Approved Finance?
Whether you are an owner-driver bidding on your first prime mover, a fleet operator picking up ex-fleet rigids at a clearance sale, or a transport business buying a truck by private sale, Equifund matches you to lenders that read freight income and the value of the truck correctly.
Who We Help
We arrange finance for Australian transport operators buying trucks at auction or by private sale.
Owner-Drivers Bidding on Their First Truck
Fleet Operators Replacing Ageing Units at Auction
Operators Bidding to Fill a New Freight Contract
Operators Releasing Equity From a Truck Bought OutrightWhy Choose Us
Equifund arranges pre-approval before bid day and works to the auction's payment deadline.
Wide Panel of Australian Lenders, Not One Credit Template
We Move Quickly So You Are Not Left Waiting
Pre-Approved Limit in Place Before You Bid
Buyer's Premium Can Be Factored Into Your Limit
Why Do Truck Auction Buyers Choose Equifund Over a Bank?
Equifund is a specialist broker that arranges truck finance before the auction, so Australian owner-drivers and fleets can bid with a pre-approved limit in place. A bank or dealer finance desk is set up for a truck you have already chosen from a yard, which can be harder to line up with a payment window that starts when the hammer falls.
Equifund (Truck Auction Specialist)
Built around your deal
- Pre-approval typically inside 24 hours
- Pre-approval arranged before you register to bid
- $0 deposit available for prime applications
- Used and ex-fleet trucks sold as is considered
- New, used, ex-fleet, private-sale or auction
Major Bank
Traditional lending
- Generic template for property-backed borrowers
- Full financials and property security required
- Specialist industry deals can fall outside policy
- One product, limited structure flexibility
Dealer / In-house Finance
Point of sale
- Convenient when buying from the yard
- Limited to that dealer's stock and brands
- Less flexibility to structure the deal
- Not built for private-sale or auction buys
How Does Pre-Approval Work Before Bid Day?
Pre-approval before a truck auction takes four steps with Equifund: apply online, speak with a specialist, receive a conditional pre-approved limit, typically inside 24 hours, then bid and settle. Australian owner-drivers and fleets who apply at least 48 hours before bid day give the lender time to confirm that limit before they register.
Complete the Form in 60 Seconds
Tell us about your transport business and the truck or lots you plan to bid on through our secure online form.
Speak With Your Equifund Specialist
An Australian auction truck finance specialist reviews your situation and walks you through the documents needed for the lender match.
Get Pre-Approved Over the Phone
Pre-approval typically comes through inside 24 hours, so you know what you can bid before you register for the sale.
Bid, Win and Finalise Your Finance
Tell your specialist the hammer price and buyer's premium as soon as you win. They work with the lender to finalise the facility. Final approval is subject to the lender's asset criteria.
What Have Operators Bought at Auction Through Equifund?
Australian owner-drivers and fleets have used Equifund to arrange finance for prime movers, ex-government trucks and truck and trailer lots bought at auction. These settlements show finance arranged around bid day and the sale's payment terms. Every application is assessed by the lender on its own merits, so results vary.
What Other Equipment Can I Finance?
Equifund finances major commercial asset classes for prime ABN profiles, backed by a wide lender panel.
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Apply for Your Truck Auction Pre-Approval
Applying for pre-approval before a truck auction takes three quick steps: your business details, your contact information and the truck or lots you plan to bid on. An Australian Equifund specialist usually gets back to you the same business day, so apply at least 48 hours before bid day.
Business Details
Contact Information
Asset InformationWhat Our Clients Have to Say
Equifund is rated 5.0 on Google by Australian transport operators for fast pre-approvals, flexible terms and specialist service. 5.0 ★ · Real Google reviews
Have Questions?
Here are straight answers to the questions Australian truck auction buyers ask most.
How do I get auction finance for a truck?
Equifund arranges auction finance for trucks across Australia by getting you pre-approved before bid day. You apply online with your ABN, a specialist matches your application to lenders on a wide specialist lender panel, and you receive a pre-approved limit, typically inside 24 hours. Pre-approval is conditional, and final approval is subject to the lender's asset criteria once you win. Start with the form on this page.
What trucks can I finance at auction?
Australian transport operators can finance prime movers, rigids, tippers, refrigerated trucks, curtainsiders, tow trucks and trailers bought at auction through Equifund. Used, ex-fleet, dealer disposal and government surplus lots are all considered, subject to the lender's asset criteria. For a truck bought from a dealer yard instead, see our truck finance page, or send us the lot details to check.
Can I get pre-approved before the auction?
Pre-approval before a truck auction is available through Equifund for Australian owner-drivers and fleets, and it means you know your conditional limit before you register to bid. Apply at least 48 hours before auction day and your specialist arranges a pre-approved amount with a lender, typically inside 24 hours. Auction sales generally have no cooling-off period, so arrange finance before the hammer falls.
Can I get pre-approval covering a range of truck lots?
Equifund can arrange a pre-approved range covering several truck lots for Australian auction buyers who are not sure which lot they will win. Tell your specialist which trucks you are watching and the top figure you would bid, so the lender can consider a range that gives you flexibility on the day. Send the lot numbers through before the sale.
Which auction houses do you cover?
Equifund arranges truck finance for lots sold through Australian auction houses including Pickles, Manheim and Lloyds Auctions, as well as regional and specialist auctioneers. Equifund is an independent finance broker and is not affiliated with or endorsed by any auction house. If your truck is listed somewhere else, ask us and we will check it against the lender panel.
How fast is settlement after I win?
Settlement on a truck won at auction in Australia has to fall inside the auction house's payment terms, which vary by sale and can be only a few business days. Tell your Equifund specialist the hammer price and buyer's premium as soon as you win, and they work with the lender to finalise the facility. Final approval is subject to the lender's asset criteria.
Can the buyer's premium be included in my truck finance?
Equifund can ask the lender to factor the auction house's buyer's premium into the amount you are pre-approved for when you finance a truck at auction in Australia. The premium is charged by the auction house on top of the hammer price, not by Equifund. Tell your specialist the premium shown in the sale terms before bid day, so your limit covers the full invoice.
Can I get finance for a truck I found for sale in an auction catalogue?
Equifund can arrange finance for a truck you have found for sale in an Australian auction catalogue once you send through the listing or lot number. The lender reviews the make, model, year and kilometres against its asset criteria before bid day, so you know your pre-approved limit before the auctioneer starts. See how auction finance works.
Can I finance a truck I found for sale on an online auction site?
A truck found for sale on an online auction site can be financed through Equifund in the same way as a yard auction lot in Australia. Send the listing link before the timed auction closes, and your specialist arranges pre-approval with a lender so you know your limit before you place a bid. Trucks at auction are usually sold as is, so inspect it or read the condition report first.
What's the difference between a chattel mortgage and a finance lease?
For Australian truck buyers, a chattel mortgage means you own the truck from settlement while the lender holds a mortgage over it as security, and a finance lease means the lender retains legal title while you make lease payments with a residual at the end. GST and depreciation are treated differently under each, so read the ATO guidance on GST credits. Confirm your own tax position with your accountant.
What is low-doc auction finance?
Low-doc auction finance is truck finance for established Australian ABN holders, assessed by the lender on a reduced document set, usually a director declaration plus BAS or recent bank statements, instead of full financials. It is used by operators who want pre-approval in place before a truck auction. Ask your Equifund specialist which documents the matched lender will want before you apply.
Do I need a deposit for auction truck finance?
A deposit is not always needed for auction truck finance in Australia, with $0 deposit available for prime applications. Other deals may need a contribution depending on the truck, the lender and the loan term. This is separate from any deposit the auction house asks for under its own sale terms, so check both with your Equifund specialist before bid day.
Do I need a deposit to bid at a commercial truck auction?
Deposit rules at a commercial truck auction in Australia are set by the auction house, not by Equifund or your lender. Read the sale terms for that truck sale before you register, because a bidding deposit and the payment due on the fall of the hammer vary between auction houses. Equifund arranges your finance pre-approval separately, so you know your limit before bid day.
Do I need to own property to qualify?
Owning property is not always required for auction truck finance in Australia. Many lenders on the specialist panel Equifund works with look at your business income and the value of the truck instead of asking for property security. Tell your specialist your position when you apply, so your application is matched to a lender whose criteria you meet.
Can you finance a private sale too, not just auctions?
Equifund can arrange finance for private-sale trucks as well as auction purchases, with the same low-doc options for established Australian operators. Send your specialist the listing and the seller's details, and they arrange pre-approval with a lender in the same way as for an auction lot. To weigh up your options first, read our guide to comparing truck finance in Australia.
Can I finance trucks bought across more than one auction?
Equifund can arrange finance for trucks bought across more than one auction, for Australian operators building or replacing a fleet. Finance for several purchases can often be arranged on one application, so you are not restarting the process for every truck you win. Tell your specialist which sales you plan to bid at and the total you expect to spend.
What is an Australian Credit Licence (ACL)?
An Australian Credit Licence (ACL) is a licence issued by ASIC, the Australian Securities and Investments Commission, that permits a business to engage in credit activities under the National Consumer Credit Protection Act.
Depreciation and asset cost thresholds set by the ATO. Credit licensing regulated by ASIC. General information only, not personal or financial advice. Fees, terms and eligibility are set by the individual lender and vary by circumstance. Equifund Financial Group Pty Ltd, Australian Credit Licence 389328.
Where in Australia Does Equifund Arrange Finance for Auction Trucks?
Equifund arranges auction truck finance Australia wide, for trucks sold at yard and online auctions in every state and territory. Pre-approval is handled online and by phone, so you can bid at a sale in another state. For local truck finance, see Sydney, Melbourne, Brisbane, Perth, Adelaide, Darwin, Canberra and Hobart.