• No financials required up to $750k*
• 24-hour approvals
• No deposit options
• No vehicle age restrictions
• Balloon refinancing
• Truck or Trailer replacement loans
• Engine overhaul loans
• Start-ups and new business truck loans
Can you finance a truck over 15 years old in Australia?
Most mainstream banks enforce strict age limits on commercial vehicles, typically cutting off financing if a truck will be older than 10 to 15 years at the end of the loan term. For owner-operators and growing transport businesses, this makes buying reliable, older Kenworth, Volvo, Western Star, or similar gear incredibly difficult.
At Triple 8 Equipment Finance, we do things differently. We look at the strength of your business and the utility of the asset - not just the year it rolled off the assembly line. Through our extensive lender network, we can secure competitive asset finance with no strict asset age restrictions.
Financing Options for Older & High-Kilometre Trucks
Chattel Mortgage
Secure ownership of the truck from day one while maximizing your business tax deductions, GST claims, and instant asset write-offs (where applicable)
Low-Doc & No-Doc Loans
Ideal for established ABN holders who have clean credit but lack up-to-date tax returns or financial statements.
Private Sale & Auction Funding
Whether you are buying from a private seller on Marketplace, Trucksales or bidding at Pickles or Ritchie Bros, we fast-track pre-approvals so you don't miss out.
FAQ's
What is the maximum age limit for a truck you can finance?
While most lenders apply a cap on maximum age, under the right circumstances there are no strict asset age restrictions. We routinely arrange finance for trucks, trailers, and yellow goods that are 15, 20 or even 25+ years old, provided the asset is in good working order and fits your business operations.
Do older trucks require a higher deposit?
Not necessarily. While some lenders on our panel may request a 10% to 20% deposit for high-kilometre or older assets to reduce risk, we also have access to no-deposit options for established businesses with strong credit profiles or existing equity.
Can I finance an older truck with high mileage?
Absolutely. As experienced truck loan brokers, we are accredited with a wide range of banks and specialist lenders and know exactly which ones offer the best truck finance options, including loans for trucks of any age with unlimited mileage.
Can I buy an older model truck from a private seller?
Yes. We specialize in private sale asset finance. Our team handles the administrative heavy lifting, including coordinating the necessary PPSR (Personal Property Securities Register) checks, verifying vehicle identification numbers (VINs), and managing the secure vendor payout.
Will my interest rate be higher because the truck is older?
Lenders view older assets as higher risk because their resale value drops faster if a default occurs. Because of this, interest rates for older trucks can be slightly higher than for brand-new models. However, because we tap into a diverse, specialised lender panel, we shop around to secure the sharpest commercial rate available for your specific scenario.
What documents do I need to apply for older commercial vehicle finance?
To get started, we generally require your Driver’s Licence, a valid ABN, and (potentially) 3 to 6 months of recent business bank statements. If you have been trading for over 12–24 months with a clean credit history, you may qualify for our streamlined low-doc pathways.
Real People, Real Solutions, Real Easy
With access to the largest asset finance and equipment leasing lender network, we offer a wide range of financial products to provide tailored funding solutions for all older model trucks and trailers
How does it work?
Discovery Call
Tell us about your business, what truck or trailer you're after and your preferred loan terms. We'll also answer any questions you have
Provide Your Details
Upload, text, or email us your ID documents and any other supporting information required to support your application
Approval
Conditional approval granted (usually within 24 hours). We'll source any remaining information, including contacting the dealer/vendor for an inspection (if required) and tax invoice on your behalf.
Settlement
Lender loan agreements are issued for e-sign. Vendor is paid directly by the lender once documents have been signed and remaining conditions satisfied
