Finance question
Can I finance a prime mover?
Yes. Prime movers are a core asset-finance item for linehaul and interstate freight operators. New or used, single or bogie drive, the truck secures the loan, so it funds up to $500,000 with low-doc options and approvals often inside 24 to 48 hours.
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The short answer
The truck that pulls the freight, funded on itself
A prime mover is the tractor unit that hauls semi-trailers on linehaul and interstate runs, so transport companies and owner-drivers building a subcontract living buy them. Well-known makes hold value strongly and have a deep national used market, which makes the truck solid security for an asset-secured loan, whether new off the dealer or a proven used unit with a full service history.
Because the truck carries the risk, many prime-mover deals settle low-doc or no-doc on your ABN and the dealer invoice, without full financials. A single truck sits inside the $500,000 equipment ceiling, and a clean deal can move from quote to approval in 24 to 48 hours. A balloon or residual at the end is a common way to keep repayments manageable, subject to lender assessment.
Ventas is a broker, not a lender. We place your prime mover across 40+ lenders and match it to the one whose appetite suits heavy transport, your runs and your history. There is no upfront fee to you. The lender pays us on settlement, so we structure the deal and advocate for approval rather than sell a rate.
Do you qualify?
What makes a prime-mover deal fundable.
The prime mover itself
New or used, single or bogie drive, becomes the security.
An active ABN
Owner-drivers and transport companies both qualify.
Freight to move
A subcontract or freight task showing the truck will earn.
A heavy-vehicle licence
The right class of licence to run the combination.
Why prime movers finance well
Strong national resale
Proven makes sell readily across the country, so lenders see solid security.
Asset-secured
The truck carries the risk, so low-doc and no-doc structures work.
Structured to suit cashflow
A balloon or residual can keep repayments manageable.
A real example
An owner-driver signing a linehaul subcontract needs a used prime mover at about $180,000 with a strong service record. Funded low-doc on the truck as security with a balloon to ease repayments, no financials required, approved inside two days so he started the run in his own truck. Illustrative only.
Common questions
Frequently asked questions
Can I finance a used prime mover?
Yes. Used prime movers with a solid service history finance well. Age and kilometres can affect which lender fits, but a proven truck is strong security.
Can I set up a balloon or residual?
Often yes. A balloon can lower monthly repayments, with the balance due at term end, subject to lender assessment.
Do I need financials?
Often no. Many prime-mover deals settle low-doc or no-doc on your ABN and the truck as security, subject to lender assessment.
Can a first-time owner-driver get finance?
Often yes, especially with a subcontract in hand. The truck secures the loan and many deals need no full financials, subject to lender assessment.