Used Truck Finance

At Equifund Financial Group, we make financing a used truck easy and affordable. Whether you're an owner-operator or a business expanding its fleet, our Used Truck Finance solutions offer flexible terms, fast approvals, and expert guidance to help you secure the right truck without hassle.

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Financing a used truck offers multiple advantages for businesses and self-employed individuals. Here’s why it’s a smart choice:

1. Cost Savings

Buying a used truck is significantly more affordable than purchasing a new one. The lower purchase price means reduced financial strain and more manageable repayments. This is especially beneficial for small businesses and startups looking to invest in reliable equipment without overextending their budget.

2. Lower Depreciation

New trucks depreciate quickly within the first few years. By purchasing a used truck, you avoid the steepest depreciation, ensuring better value for your investment.

3. Tax Benefits

Your truck finance repayments may be tax-deductible if used for business purposes. This can help reduce taxable income and improve financial management for your company.

4. Preserve Cash Flow

Instead of making a large upfront payment, financing allows you to spread the cost of the truck over time. This helps maintain cash reserves for other business operations, such as fuel, maintenance, and expansion.

5. Access to High-Quality Trucks

The used truck market offers a wide selection of well-maintained, top-quality vehicles at competitive prices. With financing, you can acquire premium models that may have been out of reach if buying outright.

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Prime Mover Finance

2 Equipment finance

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Tray Truck Finance

NO DEPOSIT OPTIONS

NON PROPERTY OWNERS

NO AGE RESTRICTIONS ON ANY ASSET

ASSET PORTFOLIO DIVERSIFICATION SOLUTIONS

SAME DAY APPROVALS

IDENTIFICATION BASED APPROVALS

Operating Lease

If you don’t want the responsibility of ownership, an operating lease allows you to lease the machinery for a set period. This is ideal if you need the crane temporarily or if you prefer to upgrade to new equipment regularly.

No Doc

A No-Doc loan refers to a no documentation loan where the lenders do not require borrowers to provide documentation of their income or do not require much documentation.

Cash Flow

A cash flow loan is a type of unsecured borrowing that is used for day-to-day operations of any business. The loan is used to finance working capital and is paid back with incoming cash flows of the business.

Machinery Refinance

If you already have a loan for your machinery, we can help you refinance to secure better rates or extended terms. Refinancing can help release equity in the equipment and free up cash for other business needs.

Chattel Mortgage

With a chattel mortgage, you can own the machinery from day one while making manageable payments. The crane is considered an asset of your business, which allows you to claim tax depreciation on the equipment.

Who Can Apply for Used Truck Finance?

We provide used truck financing for a wide range of individuals and businesses, including:

Owner-operators – Independent truck drivers looking to finance their first or additional trucks.
Small to medium businesses – Companies needing reliable trucks for logistics, construction, or other business needs.
Large fleet operators – Businesses expanding their fleet with cost-effective used trucks.
Transport and logistics companies – Businesses requiring efficient and affordable vehicles for deliveries and freight services.
Agricultural and farming businesses – Farmers and agricultural workers who need heavy-duty trucks for transporting goods and equipment.
Construction companies – Businesses requiring durable trucks for transporting materials and machinery to job sites.

Why Choose Equifund Financial Group?

At Equifund Financial Group, we are committed to helping Australian businesses succeed. Here’s why we stand out as the preferred finance provider for used trucks:

1. Fast Approvals

We know that time is money in the transport industry. Our efficient application and approval process ensures you get your truck quickly.

2. Flexible Terms

We offer tailored finance options with repayment terms designed to fit your cash flow and business goals.

3. Competitive Interest Rates

With access to a broad range of lenders, we negotiate the best rates for your financing needs.

4. Expert Guidance

Our team of finance specialists has in-depth industry knowledge to help you choose the right loan for your business.

5. Nationwide Service

We provide truck finance across Australia, helping businesses in every state access the best financing solutions.