Truck finance is a loan or lease option that allows businesses or individuals to acquire a truck by making repayments over a period of time. It helps manage cash flow while giving you access to the vehicle you need for business or personal use.

With truck finance, you secure a loan to purchase a truck and repay the loan in installments, typically over 1 to 5 years. The repayments are structured based on your financial capacity, and once the loan term is completed, the truck is yours to own.

At Equifund, we offer several truck finance options, including Chattel Mortgages, Hire Purchase, and Leasing. Each option is tailored to your specific needs, whether you're looking to own the truck outright or simply use it for your business needs.

Yes, you can finance both new and used trucks through Equifund. We offer flexible financing options for a wide range of vehicles, ensuring you find a suitable solution that fits your budget.

A Chattel Mortgage allows you to own the truck outright after the loan term, with the truck serving as security for the loan. A lease, on the other hand, gives you the use of the truck for a fixed term with the option to purchase at the end. At Equifund, we can guide you in choosing the best option for your business.

The deposit required for truck finance depends on the lender and the type of finance agreement. Typically, a deposit of 10-20% is required, but we can help with "No Deposit" too.

While your credit score plays a role in the approval process, we work with a range of lenders and offer tailored solutions for businesses and individuals with varying credit histories. Our goal is to find a suitable solution for your circumstances.

Truck finance offers a range of benefits to businesses looking to purchase or lease commercial vehicles. By financing your truck purchase, you can preserve your cash flow while still getting access to the vehicles you need for your business. Below are just a few reasons why truck finance is a smart choice:

1. Preserve Your Cash Flow

Instead of spending a large portion of your business’s capital on purchasing a truck outright, truck financing allows you to spread the cost over time, freeing up capital for other operational expenses.

2. Access to High-Quality Assets

Truck finance gives you the opportunity to access high-quality vehicles that you may not have the funds to purchase upfront. This is particularly useful for businesses looking to upgrade their fleet or start fresh.

3. Flexible Repayment Terms

At Equifund Financial Group, we understand that each business has its own cash flow cycle. That’s why we offer flexible repayment terms that align with your business’s financial situation, ensuring that your repayments fit comfortably into your budget.

4. Potential Tax Benefits

Depending on the finance option chosen, businesses may be able to claim depreciation on the truck, which could provide tax benefits at the end of the financial year. Consult with your accountant to understand the potential advantages of financing your truck.

5. Upgrade Your Fleet

If your business requires frequent upgrades to stay competitive, a Lease Financing option may be the ideal choice. With a lease, you can upgrade to a new truck at the end of the term, ensuring that your fleet is always modern and efficient.

We offer financing for a wide range of trucks, ensuring that you can get the right vehicle to support your business needs. Some of the truck types we finance include:

• Prime Movers

• Tipper Trucks

• Refrigerated Trucks

• Tray Trucks

• Cab & Chassis Trucks

• Tow Trucks

• Water Trucks

• Curtainsider Trucks

• Tilt Tray Trucks

• Livestock Trucks

• Concrete Trucks

• Flatbed Trucks

No matter what type of truck you need, Equifund Financial Group is here to provide the financial solutions that help your business stay on the road.

At Equifund Financial Group, we offer a customer-centric approach to truck financing. Our experienced team works closely with you to find the best financing options for your business, whether you’re purchasing a single truck or expanding a large fleet. Our goal is to make the process as seamless as possible, providing you with flexible terms, fast approvals, and exceptional service every step of the way.

Key Benefits of Truck Financing with Equifund Financial Group:

• Flexible Loan Amounts: Whether you're buying one truck or financing a fleet, we provide flexible loan amounts to suit your needs.

• Tailored Solutions: We understand that every business is unique. Our finance solutions are tailored to meet the specific needs of your business and cash flow situation.

• Fast Approval Process: We know that time is of the essence in business, and that’s why we offer quick and easy approval processes to get you the truck you need as soon as possible.

• Access to Over 80+ Lenders: As a trusted financial partner, we provide you with access to a broad network of lenders to ensure you receive the most competitive loan terms.

• Specialised Truck Finance Expertise: With years of experience in the industry, our team of experts is here to guide you through the process and help you make informed decisions about your truck finance.