Truck Finance With No Deposit

A chattel mortgage gives you ownership from day one and the GST benefit upfront. Hire purchase spreads ownership over the term. A lease keeps the truck on the lender's books with set payments and an optional residual. We match the structure to your tax position and cashflow.

Yes, truck repayments can be structured around seasonal freight, with seasonal and skip-month structures common for operators whose income runs against harvest, produce or project cycles. The lender panel includes options that build repayments around how your freight actually flows.

Trucks over one tonne payload are exempt from the ATO car limit, so the full value can generally be depreciated, and a chattel mortgage lets you claim the GST upfront. Consult your accountant to confirm your position.

Yes, you can refinance a truck you already own or arrange a sale-and-leaseback on it. Refinance can lower your rate or restructure a balloon, and sale-and-leaseback frees up equity in trucks you own outright to fund the next unit.

Yes, balloon and residual payments are available on truck finance, lowering your monthly repayment by deferring part of the value to the end of the term. We structure it to suit your replacement cycle so it does not catch you out.

Pre-approval typically comes back inside a business day. Settlement happens once you have signed contracts and any final lender conditions are met. Specialist transport lenders read freight income and contracts directly, so they move faster than major banks.

Yes, owner-drivers with a short trading history can get truck finance in Australia. Specialist lenders can assess on your head-contract, the asset and your industry experience rather than requiring years of trading, which is how many first-truck owner-drivers get pre-approved.

Yes, you can be pre-approved before signing a freight contract. A conditional pre-approval lets you quote the work and commit to the truck knowing the finance is in place, then settle once the contract is signed.

Yes, you can finance multiple trucks or a whole fleet. Multi-truck and fleet deals are common, funded as a package under a master facility rather than separate loans, which simplifies your repayments and reporting.

An active ABN, recent BAS or bank statements, the truck details, and any freight or head-contract agreement. We will confirm exactly what your lender match needs after a quick call.

No, no deposit truck finance does not require property security. Equifund arranges truck finance secured against the truck itself, not your home or other property. Prime applicants can be approved with $0 deposit on the strength of the asset and your ABN trading and freight income, so your property stays out of the deal.

The truck you are buying acts as the security for the loan, so a separate cash deposit is not required on prime applications. The lender assesses your ABN, BAS or bank statements and the asset, then funds up to the full purchase price. A contribution may be asked for on newer ABNs or higher-risk assets.

Yes, $0 deposit is available on a low-doc truck finance application. Low-doc structures assess your ABN, GST registration, bank statements and the asset rather than full financials, and $0 deposit is still available for prime low-doc applicants. It suits established owner-drivers and operators without up-to-date tax returns.

Low-doc truck finance is assessed on a reduced document set, typically your ABN, GST registration, recent BAS and bank statements rather than two years of full financials. It suits established operators without up-to-date tax returns, and the truck itself secures the loan.

No, what is usually advertised as no-doc truck finance is low-doc finance. Lenders still need to see income, but they read it from your ABN, BAS and bank statements rather than full tax returns. Equifund arranges low-doc truck finance for established, GST-registered operators with a clean-to-acceptable credit history.

Specialist transport lenders can weigh active freight and head-contract income when assessing a no deposit application, alongside the truck as security. That often means avoiding both a cash deposit and property security by showing the work is there.