Finance question
Can I finance a tow truck?
Yes. Tow trucks are financeable for recovery operators, mechanics and panel shops. A tilt tray, slide or wheel-lift build, new or used, is secured by the truck itself, 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
Recovery gear that earns around the clock
A tow truck is a working asset for recovery operators, roadside-assist contractors, mechanics and panel shops who need to bring vehicles in. Most are a cab-chassis with a purpose-built body, a tilt tray, a slide or a wheel-lift, and the finished truck holds value with a steady used market. That makes it strong security for an asset-secured loan, whether you buy a complete used unit or a new cab with a body built up.
Because the truck carries the risk, many tow-truck deals settle low-doc or no-doc on your ABN and the supplier invoices, without full financials. Where the body is built onto a new cab, the finance can usually cover both the cab-chassis and the body build on one facility. A single truck sits inside the $500,000 equipment ceiling and a clean deal can approve in 24 to 48 hours.
Ventas is a broker, not a lender. We place your tow truck across 40+ lenders and match it to the one whose appetite suits recovery vehicles, your work and your history. There is no upfront fee to you. The lender pays us on settlement, so our job is to structure the finance and advocate for approval.
Do you qualify?
What makes a tow-truck deal fundable.
The truck and body
Tilt tray, slide or wheel-lift build becomes the security.
An active ABN
Recovery operators, mechanics and panel shops qualify.
Cab plus body build
A new cab with a body built up can fund on one facility.
A licence and accreditation
The right licence and any local tow accreditation to operate.
Why tow trucks finance well
Steady resale
Recovery trucks sell into a specialist market, so lenders see solid security.
Asset-secured
The truck carries the risk, so low-doc and no-doc structures work.
Cab and body together
A new build can settle on one facility rather than two loans.
A real example
A panel shop expanding into recovery needs a used tilt-tray tow truck at about $130,000 to bring in accident vehicles. Funded low-doc on the truck as security, no financials required, approved inside two days so the shop could start recovering its own jobs rather than paying an outside operator. Illustrative only.
Common questions
Frequently asked questions
Can I finance the body build as well as the truck?
Usually yes. Where a body is built onto a new cab, both the cab-chassis and the body build can often fund on one facility, subject to lender assessment.
Can I finance a used tow truck?
Yes. Complete used tow trucks finance well. Age and kilometres can steer which lender fits, but a sound truck is strong security.
Do I need financials?
Often no. Many tow-truck deals settle low-doc or no-doc on your ABN and the truck as security, subject to lender assessment.
Do panel shops and mechanics qualify?
Yes. Recovery operators, mechanics and panel shops with an active ABN all qualify, with the truck securing the loan.