Menu
Whether you need a single light truck or an entire fleet, Thor Finance compares truck loan options from 45+ lenders to get you on the road faster.
Truck finance is a type of commercial lending that helps businesses and owner-operators purchase or lease trucks and heavy vehicles without paying the full cost upfront. Instead of tying up your working capital, truck finance spreads the cost of the vehicle over a set term with regular repayments.
Whether you are acquiring a light commercial vehicle, a rigid truck, a prime mover or a truck and trailer combination, the right finance solution allows you to put the vehicle to work immediately while managing your cash flow.
At Thor Finance, we work with a panel of over 45 lenders who understand commercial and heavy vehicle lending. Our brokers help you find truck finance that aligns with your business needs, budget and growth plans.
Thor Finance provides truck finance for a wide range of commercial vehicles, including:
Whether you are buying new or used, from a dealer or a private seller, we can help you find the right truck finance solution.
Different business structures and cash flow situations call for different finance arrangements. Thor Finance provides access to a range of truck finance products:
A chattel mortgage gives you immediate ownership of the truck while you repay the loan. The vehicle serves as security for the loan, which often results in competitive interest rates. This option is popular with GST-registered businesses because you can claim the GST on the purchase price upfront and may be able to claim interest and depreciation as tax deductions.
With a finance lease, the lender owns the truck and you make regular lease payments for an agreed term. At the end of the lease, you can pay the residual value to own the truck, return it, or refinance. Lease payments are generally tax-deductible as a business expense.
A hire purchase arrangement allows you to use the truck while making instalments over an agreed term. Ownership transfers to you once the final payment (including any residual or balloon amount) is made. This structure is straightforward and suits businesses that want a clear path to ownership.
A standard commercial loan provides you with the funds to purchase a truck outright. You own the vehicle from day one and repay the loan with fixed or variable interest over the agreed term.
If you are self-employed or a new business owner without the standard two years of financial statements, low doc truck finance allows you to apply using alternative documentation such as BAS, bank statements or an accountant’s letter.
Truck finance is used by businesses and individuals across a wide range of industries, including:
Whether you are starting out or expanding, truck finance helps you acquire the vehicle you need to run your business without exhausting your cash reserves.
Growing your fleet to meet demand requires capital. Truck finance allows you to add vehicles as your business grows, spreading the cost over time.
Tippers, crane trucks and heavy rigid vehicles are essential on construction sites. Finance keeps your projects moving without large upfront outlays.
From livestock transport to grain haulage, truck finance supports the agricultural sector with flexible terms that can accommodate seasonal cash flow.
Electricians, plumbers, builders and other trades rely on light commercial vehicles and utes. Truck finance makes upgrading your work vehicle straightforward.
With the growth of e-commerce, demand for delivery vehicles has never been higher. Truck finance helps courier businesses scale their operations.
We do not work with just one bank or lender. Our extensive panel means more options, better rates and a higher chance of approval, even with non-standard documentation.
95% of our applications are processed on the same day. We understand that when you need finance, you need it quickly.
Our pre-approval process does not affect your credit score. You can explore your options without any risk to your credit file.
Our team understands the commercial vehicle market and knows which lenders offer the best terms for different truck types, industries and business stages.
Choose from fixed or variable rates, balloon payments, seasonal repayment schedules and terms that align with your cash flow.
Whether you are buying a brand-new truck from a dealership or a used vehicle from a private seller, we can arrange finance to suit.
Financing a truck for business use can offer several potential tax advantages. While every situation is different (and we recommend consulting your accountant), common tax benefits include:
Your Thor Finance broker can help you understand which finance structure may offer the best tax outcome for your business.
Yes. Thor Finance arranges finance for both new and used trucks. The age and condition of the vehicle may influence the available loan terms and interest rates, but used truck finance is a common and practical option.
Deposit requirements vary between lenders and depend on the truck type, its age and your business profile. Some lenders offer zero-deposit truck finance, while others may require a deposit of 10% to 20%. Your broker will advise you on the options available.
Yes. We work with lenders who offer truck finance to sole traders, new businesses and self-employed operators. Low doc options are available if you do not have the standard two years of financial statements.
Loan terms for truck finance typically range from two to seven years, depending on the lender, the type of truck and whether it is new or used. Your Thor Finance broker will help you find a term that balances manageable repayments with overall cost.
Some finance products allow you to bundle insurance, registration and other upfront costs into the loan. This reduces the amount of cash you need to outlay at the time of purchase.
The initial pre-approval process with Thor Finance does not impact your credit score. A formal credit check is only conducted when you proceed with a full application through a specific lender.
Whether you are an owner-operator buying your first truck or a fleet manager expanding your operations, Thor Finance makes truck finance simple. Compare options from 45+ lenders, get same-day approval and enjoy expert support every step of the way.
Email us to let us know how we can help you with your business’ Loan requirements.
Thor Finance
ABN 31 629 922 589
Contact us to see how we can help you with your finance requirements
Thor Finance ABN 31 629 922 589 is an Authorised Credit Representative
#557246 of AFAS Group PTY LTD, Australian Credit Licence #414426.