Used Truck Finance for Australian Operators
Specialist finance for dealer used stock, private-sale and auction truck purchases, for Australian owner-drivers, fleet operators and transport businesses. Condition, kilometres and service history assessed on the actual truck rather than a flat age cut-off. Prime movers, rigids, tippers, refrigerated units, curtainsiders and tow trucks bundled into one chattel mortgage, hire purchase or unsecured facility.
- Pre-approval inside 24 hours
- $0 deposit for prime applications
- Wide specialist lender panel
- No fixed age limit, assessed on the individual truck
30-second check. No impact on your credit score.
Choose Your Industry
Choose the category that best describes your finance requirement.
No obligation. Soft credit check only.
Built for Operators, Backed by Specialists
Whether you are buying your first used prime mover from a dealer, bidding at auction, doing a private-sale deal direct with the seller, or refinancing an older truck you already own, Equifund matches you to lenders that read the asset's condition and your freight income correctly.
Who We Help
Specialist finance for every corner of the Australian transport industry.
Buyers of Dealer Used StockPrivate-Sale BuyersAuction BuyersOperators Refinancing an Older TruckWhy Choose Us
Faster pre-approvals and terms built around your transport business.
Wide Panel of Australian Lenders, Not One Credit Template
We Move Quickly, Even on Tight Auction Settlement Windows
Freight, Contract and BAS Income Assessed Directly
Condition and Service History Assessed, Not Just the Truck’s Age
Which Used Truck Purchase Can I Finance?
Dealer used stock, private sale, auction and ex-fleet purchases, financed through specialist lenders for prime ABN profiles.
Dealer Used Stock
Used prime movers and rigids sold through an authorised dealer, often with a roadworthy check and service history already on file.
Private Sale
Buying straight from the current owner. We verify the asset and structure settlement to pay the seller directly once contracts are signed.
Auction Purchase
Trucks bought through a licensed auction house, where settlement typically needs to clear within the auction's own payment window.
Ex-Fleet & Ex-Government
Trucks released from a corporate fleet or government tender, usually with a documented maintenance history from a single operator.
Older & High-Kilometre Trucks
No fixed age limit. Specialist lenders assess condition, kilometres and service history rather than ruling a truck out on age alone.
Refinance a Used Truck You Own
Refinance an existing used-truck loan, lower your rate, or release equity in a truck you already own outright.
Isuzu, Hino, Kenworth, Fuso, Mack, Volvo and every other major brand. Any purchase path, we finance it.
Which Used Truck Finance Structure Is Right for You?
Five ways to structure your finance, each suited to a different goal and cashflow position.
Chattel Mortgage
You own the truck from the day finance settles, while your lender holds a mortgage over it as security until the loan is repaid. It is the most requested structure for GST-registered operators buying a used truck from a dealer or at auction, since you can typically claim the GST back on the purchase price straight away and depreciation runs through your own business. Trucks over 1 tonne payload are exempt from the ATO car limit, so the full purchase price is generally deductible regardless of the truck's age. A balloon payment can be added to lower your regular repayments if that suits your cash flow better.
Hire Purchase
The lender owns the truck for the life of the agreement and you make fixed repayments to use it, with ownership transferring to you once the final payment clears. It suits owner-drivers buying a used truck through a dealer who want the certainty of a fixed repayment structure, and the GST is spread across your payments rather than claimed as one lump sum upfront.
Finance Lease
Your lender retains legal title to the truck for the term of the lease while you use it in your operation, making regular lease payments that are typically fully tax deductible. This structure is more commonly matched to newer, dealer-sourced used trucks with a clear resale value, since the lender is carrying the asset on its own books. At the end of the term you can make an offer to buy the truck, refinance the residual, or hand it back.
Operating Lease
You pay to use the truck for an agreed term, and your lender carries the risk of its residual value, not you. This structure is generally reserved for younger, dealer-sourced used trucks with a predictable resale value, and is less commonly available for older, high-kilometre or private-sale units. It suits fleet operators who like to keep trucks current and want servicing bundled in.
Unsecured Business Loan
Funds are approved against your business's trading position rather than security over the truck itself, so you can move quickly on a private sale or an older truck that a traditional asset lender might decline. It typically comes with a shorter term and can settle the same day once your trading history has been assessed, which suits tight auction settlement windows.
Depreciation and car cost thresholds set by the ATO. Credit licensing regulated by ASIC.
Clear Terms. No Unnecessary Complexity. Fast Outcomes.
A straightforward path designed to move you from application to pre-approval quickly.
Complete the Form in 60 Seconds
Tell us about your transport business and the used truck you are financing, dealer, private sale or auction, through our secure online form.
Speak With a Truck Finance Specialist
An Australia-based truck finance specialist reviews your situation and the asset details, including condition and service history, and walks you through what the lender match needs.
Get Pre-Approved Over the Phone
You'll have a clear pre-approval often within 1 business day, with rate, term and repayment structure tailored to how your freight and contract income actually flows.
Settle the Loan and Take Delivery
Your specialist coordinates settlement directly with the dealer, private seller or auction house, including any inspection or valuation the lender requires before funds are released.
Real Results for Real Operators
See how Australian transport operators are getting the used trucks they need, from dealers, private sellers and auction.
What Other Equipment Can I Finance?
Equifund finances every major commercial asset class for prime ABN profiles, backed by a wide lender panel.
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Apply for Your Used Truck Finance
Three quick steps. An Australia-based truck finance specialist gets back to you the same business day.
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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?
Straight answers to the questions Australian used truck buyers ask most.
What types of used trucks can I finance?
Prime movers, rigids, tippers, refrigerated trucks, curtainsiders and tow trucks, bought from a dealer, a private seller, an auction house or as an ex-fleet or ex-government release.
Can I finance a truck bought from a private seller?
Yes. Private-sale purchases are common. We verify the asset and the sale contract, then structure settlement to pay the seller directly once everything is confirmed.
Can I finance a truck bought at auction?
Yes. Auction purchases usually need to settle within the auction house's payment window, typically around five business days, and specialist lenders are set up to move that quickly.
Is there an age limit on the truck I can finance?
There is no fixed age limit. Specialist lenders assess the individual truck's condition, kilometres and service history rather than ruling it out on age alone.
Can I finance an ex-fleet or ex-government truck?
Yes. Ex-fleet and ex-government trucks are financeable and often come with a documented maintenance history from a single operator, which can strengthen the asset case.
Do you finance dealer used stock as well as private sale and auction purchases?
Yes. Dealer used stock, private sale and auction purchases are all financed through the same specialist lender panel.
What's the difference between a chattel mortgage and hire purchase on a used truck?
A chattel mortgage gives you ownership from day one and the GST benefit upfront. Hire purchase spreads the GST across your payments and ownership transfers once the final payment clears. Both are available on used trucks bought through a dealer, private sale or auction.
Can I claim GST and depreciation on a used truck?
Trucks over one tonne payload are exempt from the ATO car limit, so the full purchase price can generally be depreciated, and a chattel mortgage lets you claim the GST upfront. This applies to used trucks as well as new. Consult your accountant to confirm your position.
Do balloon payments work the same way on used trucks?
Yes. A balloon or residual lowers your monthly repayment by deferring part of the value to the end of the term. On an older truck, the lender will factor in the asset's expected condition and value at that future date when setting the balloon.
Can I refinance a used truck I already own?
Yes. Refinancing can lower your rate, restructure a balloon that is coming due, or release equity in a truck you own outright to help fund your next purchase.
Is an unsecured business loan a better fit for an older truck?
It can be. Because an unsecured loan is approved against your business's trading position rather than the truck itself, it is often used for older, high-kilometre or private-sale trucks that a traditional asset lender might be more cautious about.
What inspection or valuation is required before settlement?
This depends on the lender and the truck. Many used-truck deals require a roadworthy certificate, a condition report or an independent valuation before funds are released, and your specialist will confirm exactly what is needed for your match.
How does settlement work on a private sale?
Once the sale contract and asset details are confirmed, the lender pays the agreed purchase price directly to the private seller, the same way settlement works with a dealer.
How fast does auction finance settle?
Pre-approval typically comes back inside a business day, and settlement is coordinated to meet the auction house's payment window, commonly around five business days from the sale.
Do I need a deposit on a used truck?
$0 deposit is available for prime applications, especially established operators with active contracts. New ABNs may need a contribution, but $0 deposit on the right deal is common for operators with verifiable income.
What documents do I need to apply?
An active ABN, recent BAS or bank statements, the truck's details (make, model, kilometres, year) and the sale contract or auction listing once you have one. We will confirm exactly what your lender match needs after a quick call.