Trucking finance is a funding solution that helps businesses and owner-drivers purchase commercial vehicles without paying the full amount upfront. It can be used for trucks, prime movers, trailers and other transport equipment, with repayments spread over an agreed term.

With trucking finance, a lender provides funds for the vehicle purchase while repayments are made over time. The structure may vary depending on the lender, vehicle type and business circumstances. Finance options can often be tailored to suit cash flow requirements.

A truck loan broker helps compare finance options from multiple lenders and assists with selecting a suitable solution for your business needs. They guide borrowers through the application process and help simplify lender comparisons.

Yes. Many lenders offer finance for both new and used trucks. Eligibility depends on factors such as the age of the vehicle, business circumstances and lender requirements.

Borrowing capacity varies depending on your income, business performance, credit profile and the vehicle being financed. A broker can help assess available options and explain lender requirements.