Finance question
Can I finance a Hino truck for my business?
Yes, often. Hino is a mainstream make with a deep used market, and lenders generally fund new and near-new Hinos from a dealer routinely. A chattel mortgage is the usual structure. Age and kilometres are what narrow the field, so a 2016 Hino 300 on 488,988 km is harder than a 2025 truck, subject to lender assessment.
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The short answer
A Hino is three trucks, so it is funded three ways
A 300 Series 616 is a 4.5 tonne truck you can drive on a car licence, a 500 Series is a medium rigid, and a 700 Series is a heavy tipper or prime mover. Prices follow. Our Hino price guide found new 300 Series 616 trays and tippers asking $72,999 to $74,900 inc GST, used 500 Series trucks asking $64,990 to $229,800 and new 700 Series trucks asking $215,880 to $359,880. The finance question is really three questions, and the answer depends on which of those you are buying.
A Hino is usually funded with a chattel mortgage, where you own the truck and the lender takes security over it, through a bank, a non-bank lender or the dealer's lender. The guide is blunt about appetite: lenders get cautious about kilometres and age. A 2016 truck on 488,988 km, or one that will be well past ten years old when the loan ends, can mean a shorter term, a bigger deposit or a no. Auction and private sales are harder than dealer sales, and a dealer invoice with compliance sorted makes the file simpler.
Business credit is generally outside consumer credit rules, as ASIC explains, so the loan is assessed on the work the truck will do. Expect to be asked for an ABN and GST registration of some age, recent BAS and bank statements. If you own property, it can cover the deposit and the costs. Ventas is a broker across 40+ lenders, not a lender, and there is no upfront fee to you; we are paid by the lender on settlement.
Do you qualify?
What a lender weighs on a Hino purchase.
Age at end of term
The truck should still sit inside the lender's age cap when the loan ends.
Seller and paperwork
A dealer invoice with compliance sorted is simplest. Auction and private sales get a closer look.
Your file
An ABN and GST registration of some age, recent BAS and bank statements.
Security
A deposit, or property you can put up to cover the gap.
Why Hino deals tend to go through
Mainstream make
A deep used market gives a lender a clear resale value.
Light trucks are easy to place
New 300 Series trays and tippers are routine dealer finance.
Costs can be rolled in
Registration and inspection can sit in the same plan.
A worked example
A used 500 Series service truck is advertised at $100,000 ex GST. GST adds $10,000, inspection and transport $2,000, registration and transfer $4,500 and a first insurance premium plus buffer $12,000, so the cash needed is $128,500 before the GST comes back. A chattel mortgage covers 80 per cent of the price, $80,000, and the other $20,000 deposit comes from savings or property security. Illustrative only.
Common questions
Frequently asked questions
Can I finance a used Hino with high kilometres?
Often, but it narrows the field. A lender weighs the truck's age when the loan ends, its kilometres, who is selling it and the work you have for it. Expect a shorter term, a deposit or a no on very high kilometres. Subject to lender assessment.
Can I drive a Hino 300 on a car licence?
Some, not all. The Hino 300 616 is rated at 4,495 kg GVM, just inside the 4.5 tonne car licence limit. Larger 300 Series trucks need a light rigid licence, which covers 4.5 to 8 tonnes.
Is a Hino from an auction harder to finance?
Usually. Auction and private sales get a closer look than a dealer sale, so have the inspection and the terms of sale in hand before you bid.
How much deposit will I need on a Hino?
It varies by lender, truck and your file. As a guide, our Hino guide works an example at an 80 per cent advance, which leaves a 20 per cent deposit on the ex GST price. A lender may ask for more on older stock.