Truck Finance Brokers for Owner‑Drivers, Fleets and Transport Businesses

Before you sign, the lender's contract sets out the amount, term, repayment structure, any balloon, and the lender's fees and charges. Ask your broker to walk you through these so you can compare the total cost of the facility on paper, not on a verbal quote.

The common structures are a chattel mortgage, where you own the truck from settlement and the lender holds it as security, a finance lease, where the lender keeps title for the term, and an operating lease or hire purchase. Your broker explains the GST and ownership differences and confirms the choice with your accountant.

Low-doc truck finance is assessed by the lender on a reduced document set, typically a director declaration plus BAS or recent bank statements, rather than full financials. A broker matches a low-doc application to the lenders on the panel that accept that evidence, which is why some established operators without current tax returns can still be considered.

Equifund arranges truck refinancing to restructure repayments, deal with a balloon before it falls due, release equity from a truck or consolidate several truck loans into one facility. The new terms are assessed by the lender on your current trading, not the file you had when the original loan was written.

Equifund arranges truck finance for established Australian sole traders and owner-drivers trading on an ABN, not only companies. Lenders look at your trading history, the contract or work you have lined up and your deposit position, so your broker matches a sole-trader application to the lenders on the panel whose criteria fit it.

Australian operators do not always need a deposit to finance a truck through Equifund: $0 deposit options are available for prime applications, and other applicants may be asked for a contribution depending on the truck's age, the loan size and their credit history. Your broker will tell you where you stand before you commit to a purchase.

For most applications you need your ABN, driver licence, recent BAS statements or bank statements and details of the truck you want to buy. Low-doc options assess income from BAS and bank statements instead of full financials. Your broker tells you exactly what the chosen lender wants before anything is submitted.

Equifund works with Australian operators who have clean-to-acceptable credit and demonstrable trading income. Where there is an isolated historical event, your broker matches the application to the lenders on the panel that weigh the truck, your contract pipeline and your BAS income alongside the credit file, and tells you what is realistic before you commit to a truck.

Equifund arranges finance for fleet purchases, staged replacements and multi-truck facilities for transport businesses. Where it suits the structure, the fleet can be split across more than one lender so each truck is financed on terms that fit its age, spec and the work it does, under one application.

Look for a broker that specialises in commercial trucks and transport income, works across a wide specialist lender panel rather than one or two lenders, explains the structure and the total cost before you sign, and arranges pre-approval before you commit to a dealer, private seller or auction. You can check each of these points with any broker, including Equifund, before you apply. Equifund arranges truck finance by phone and online, Australia wide.

Pre-approval is a conditional finance decision issued by the lender before you commit to a truck. It sets the maximum amount, term and repayment structure so you can negotiate with dealers, private sellers or auction houses knowing your limit. Pre-approval is typically issued inside 24 hours of your application, and pre-approval is conditional and subject to the lender's asset criteria.