Truck Finance for Small Fleets in Australia

It depends on how long you keep your trucks. A chattel mortgage (finance) suits fleets that hold trucks for years, since you own the asset, claim the GST upfront and build equity. An operating lease suits fleets that refresh on a cycle, keeping trucks off the balance sheet with predictable payments. Equifund can model both for your fleet. This is general information only, not tax advice.

Yes. Equifund arranges finance for used trucks from dealers, private sellers and auctions, often up to 15 years of age at the end of term. A used truck is a common way for small fleets to add capacity at a lower cost. BAS and contract income can be assessed directly, with $0 deposit options for eligible applicants.

Fleet financing lets you fund trucks one at a time as you grow, or through a facility that lets you add units without starting from scratch each time. One application reaches a wide lender panel, so each new truck is matched to the lender most likely to approve it without tying up your cash flow.

For most small businesses, a chattel mortgage is the practical choice for commercial vehicle loans, because you own the vehicle and claim the GST and depreciation. Finance lease, operating lease and low-doc options are also available across trucks, vans and utes. The right structure depends on your trading profile and how you use the vehicle.

Often, yes. Low-doc truck finance is designed for established, GST-registered operators with around two or more years of ABN, assessed on your BAS rather than full financials. Equifund matches your profile to lenders comfortable with growing fleets.

Not always. $0 deposit and low-deposit options are available for eligible applicants, depending on the truck, your trading history and the lender. Putting in a deposit can improve your terms, but it is not always required.

Growing fleets can ask Equifund about facilities that streamline adding trucks, so you are not completing a full application for every unit. Even one truck at a time, the process is fast, with pre-approval often within 24 hours.

Low-doc truck finance assesses your business on its BAS and ABN instead of full tax returns. It suits established fleets that run clean books but may not have lodged recent financials. It typically needs around two or more years of ABN and GST registration.

Pre-approval is often available within 24 hours once your details are in. Equifund submits one application to a wide lender panel and comes back with the options most likely to be approved, with no impact on your credit score.

Trucks used in your business are generally deductible, and the structure changes how. A chattel mortgage lets you claim depreciation and the interest portion, while operating lease payments are usually fully deductible. Confirm your position with your accountant, as this is general information only.

Yes. Equifund arranges finance for new and used trucks together across a growing fleet, and can structure each unit to suit its age and use. This is common for operators upgrading some trucks while keeping reliable used units working.

Industrial transport funding covers the trucks, trailers and equipment that move freight and materials. Equifund assesses your contract income and BAS, then matches each asset to a lender from a wide panel, so growing operators can fund capacity as work comes in.