Finance question
Can I finance a second-hand truck?
Yes, and it is one of the most common deals we place. A second-hand truck secures its own finance, so the loan sits on the asset. Pricing is set by the truck's age and type rather than the fact it is used, with amounts up to $500,000 and approvals often in 24 to 48 hours.
Get your free rate quote
Tell us a few details and we will come back with your indicative rate. No obligation.
Thanks, we are on it
Your enquiry is in. Our team will be in touch shortly with your indicative rate and next steps.
The short answer
A used truck secures its own loan
Second-hand trucks finance well because the truck is the security. A prime mover, tipper or rigid holds real value and keeps earning, so a lender's risk sits in the vehicle, not only in your credit file. That is why used truck finance is a bread-and-butter deal rather than a hard one.
The main variables are age and type. Lenders look at how old the truck is now and how old it will be at the end of the term, and they have different appetites for heavy versus light, common makes versus rare ones. A broad panel means an older or unusual truck can still find a home.
Because the vehicle carries the deal, these loans are frequently low-doc or no-doc, with no full financials on many applications. Amounts reach up to $500,000, and with 40+ lenders the task is matching your truck and profile to the lender most likely to say yes, fast.
For an owner-driver or a small fleet, timing usually drives the deal. A contract starts, a truck comes up, or the current unit is due for replacement, and the money needs to keep pace. Sorting the finance ahead of time means you can move on the right truck when it appears, and low-doc deals can be approved in 24 to 48 hours so the vehicle earns rather than sits.
Do you qualify?
What makes a used truck fundable.
A specific truck
A named vehicle, dealer or private sale, to secure the finance.
An active ABN
Sole traders and companies both qualify.
Reasonable age and type
Within a lender's limits at the start and end of the term.
A deposit can help
Not always required, but it can widen options on older trucks.
Why second-hand trucks finance easily
The truck secures it
Security in the vehicle offsets a lighter paperwork trail.
Lenders differ on age
What one lender caps out on, another still funds. A broker knows which.
Fast turnaround
Low-doc truck deals can settle in 24 to 48 hours.
A real example
An owner-driver upgrades to a used prime mover to take on a new contract and needs it on the road quickly. Secured on the truck and submitted low-doc, the finance is approved inside two days, no full financials required. Illustrative only.
Common questions
Frequently asked questions
Does the truck's age stop finance?
No. Age sets the pricing and which lenders will look at it, but an older truck narrows the panel rather than closing the door.
Can I finance a truck from a private seller?
Yes, private-sale trucks are commonly financed, subject to lender assessment and a valuation on some deals.
Do I need to show financials?
Often no. With the truck as security, many deals are low-doc or no-doc.
How much can I borrow for a truck?
Equipment finance reaches up to $500,000, matched to the vehicle and your profile.