Funding the Lifeblood of the Nation
Your truck, your terms. Heavy Vehicle Finance that works for you.
Triple 8 is proud to contribute towards keeping the wheels of our country turning, specialising in tailored truck and trailer loans for all types of transport businesses and business structures, Australia-wide.
Securing truck or trailer finance requires specialized expertise and an in-depth understanding of the commercial lending landscape to ensure the best possible outcome for your needs.
We'll find you the right option at the best rate for your individual circumstances from the widest range of lenders, including the major banks and specialist finance companies, all while protecting your credit file from unnecessary enquiries.
Ask us about our...
✔ Fast, flexible approvals
✔ Low doc funding up to $750k (no financials needed)
✔ Tax-efficient repayment options
✔ Tailored solutions to suit cash flow constraints
✔ Funding for aged and specialised vehicles
Also available for:
✔ Start-ups and early-stage businesses
✔ Credit impaired borrowers
✔ Engine & transmission repairs
Your Trusted Commercial Finance Specialists
What kind of trucks do you finance?
Triple 8 provides easy truck finance options for vehicles of all types and sizes, from light commercial tipper trucks and flat tray loaders to Prime Movers, refrigerated trucks, rigid trucks, livestock carriers, concrete pump trucks & agitators plus many more.
We facilitate truck finance for assets purchased through private sales, auctions or truck dealers nationwide, offering multiple lending structures including Chattel Mortgage, Finance Lease or Rent-to-Own.
Can I get a truck loan for a start-up business?
Yes, start-up businesses and new ABN holders are eligible for truck loans just like any other established business, however the application criteria may differ from established businesses.
Triple 8 specialises in assisting new operators or start-up businesses secure truck loans and will guide you step by step through the application and document preparation process. Check out our helpful tips for start-ups and new ventures.
Can I finance an older truck with high mileage?
Absolutely. As experienced truck loan brokers, we are accredited with a wide range of specialist lenders and know exactly which ones offer the best truck finance options, including loans for trucks of any age with unlimited mileage.
Although not essential, providing maintenance records or evidence of a recent engine overhaul or replacement will work in your favour.
Do I need to provide financials to finance a truck?
Not necessarily. Most lenders offer low-doc finance options where full financial statements are not required, particularly for smaller loan values and businesses with a strong trading history. Proof of income, (financials, BAS and/or bank statements only) may be requested for larger loans, newer businesses, complex structures, or applications where the lender requires additional information to assess affordability and risk.
Should I finance my truck through a dealer or a finance broker?
While many dealerships offer finance, they generally have access to a limited panel of lenders. A commercial equipment finance broker can compare options from multiple lenders to help identify a finance structure that suits your business objectives, rather than simply focusing on the truck sale. A broker can assist with negotiating terms, understanding different loan structures, managing paperwork, and helping you avoid choosing a finance option that may not be suitable for your circumstances.
I have bad credit, will that be a problem?
We provide a number of options that allow businesses or individuals with impaired credit to secure a truck loan. When assessing an application for a bad credit truck loan, lenders look beyond your credit file and take other factors into account, such as trading history and current financials.
Depending on the level of impairment, a Rent-to-Own facility may also provide a suitable solution while your credit score recovers.
Making light work of Heavy Vehicle Finance
Should I include a balloon payment on my truck or trailer loan?
A balloon payment can reduce your regular repayments by leaving a larger final payment due at the end of the loan term. This can be useful for businesses wanting to preserve cash flow and keep repayments lower; however, it means you will owe more at the end of the agreement. The ideal balloon amount depends on the expected future value of the truck or trailer, how long you intend to keep it, and your ability to manage, or refinance the final repayment.
What is the most common loan term for financing a truck?
Loan terms range between one and seven years, however the most common term for trucks is around five years, which provides a balance between manageable repayments and a reasonable ownership period.
The ideal term depends on the age of the truck, expected usage, depreciation, and how long you plan to operate the truck in your fleet.
Can I finance a truck if I have an overdue tax debt?
Yes, an outstanding ATO tax debt does not disqualify you from being approved for a new or used truck loan however, depending on the amount of the truck loan, the lender may ask for evidence of an active ATO payment plan.
We recommend disclosing any debts or credit impairments up front to assist with optimal lender selection and application structure.
Do I need a deposit to finance a truck?
No, a deposit is not always required to finance a truck. Many commercial lenders offer 100% finance (or $0 deposit options) for qualified buyers, meaning you can borrow the entire purchase price. However, needing a deposit depends heavily on your credit profile and loan value.
Where a deposit is required, certain lenders may also accept unencumbered vehicles and equipment you own as a substitute for a cash deposit.
How do I find the best interest rate for my truck loan?
Finding the best finance option is about more than simply choosing the lowest advertised interest rate. The overall cost of finance can be affected by fees, loan structure, repayment flexibility, balloon payments, lender policies, and how well the product suits your business. We compare multiple commercial lenders and negotiate on your behalf to help secure a competitive solution based on your individual circumstances.
Am I eligible to apply for truck finance?
The minimum requirement to apply for truck finance in Australia is an active ABN, Australian residency (citizen, permanent resident or hold an acceptable VISA subclass), be of legal age to enter into a finance contract (usually 18 y/o) and hold valid identification documents.
Under certain circumstances, industry experience may also be required however your Triple 8 Equipment Finance broker is the best person to speak to based on your personal situation.
Accelerate your growth with Tailored Truck Financing
Choosing the right loan structure to finance a new or used truck offers several key benefits that can significantly impact your business's cash flow and financial health. A well-suited structure ensures that your repayments are manageable and aligned with your business's income patterns, helping you avoid unnecessary strain on your finances.
Whether you opt for a chattel mortgage, hire purchase, or lease, the right structure can also provide tax advantages, improve your cash flow by minimising upfront costs, and offer flexibility in terms of ownership or end-of-term options.
Tailoring the loan structure to your specific needs ensures the right balance between affordability, tax efficiency, and long-term financial planning, ultimately supporting the growth and success of your business.
Call us for a confidential, no-obligation discussion on all your business vehicle & equipment finance options, or get started on your fast finance approval below.
No-Stress Application Process
Discovery Call
Tell us about your business, what truck or trailer you're after, and your preferred terms. We'll answer any questions you have.
Provide Your Details
Upload, text, or email us your ID documents and any other 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 a tax invoice on your behalf.
Settlement
Loan agreement issued for e-sign. Vendor is paid directly by the lender once documents have been signed and remaining conditions satisfied
