--- title: Truck Loans Australia | 1800 Approved Equipment Finance description: Best truck finance Australia, equipment finance with 1800 Approved. Low interest rates for your truck loan with 40+ lenders and 10+ years experience. --- ![Logo](https://www.1800approved.com.au/hubfs/Graphics%202021/AUS_logo-positive-h.png) [![1800 Approved Finance Solutions](https://www.1800approved.com.au/hubfs/Logos/1800Approved_dark.png)](https://www.1800approved.com.au) ### [**1800 277 768](tel:1800277768) # Best rates for commercial equipment loans Check your eligibility online! [![logo-easter-b](https://www.1800approved.com.au/hs-fs/hubfs/Easter%20Campaign%202022/logo-easter-b.png?width=224&name=logo-easter-b.png)](https://consumer.zink.com.au/v1)   ![elegibility-with-bg-icon](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/car-loan/elegibility-with-bg-icon.png) ## Eligibility 1. **Be 18 years or over** 2. **Be a permanent resident or an Australian citizen** 3. **Be currently employed** 4. **Must not have any unpaid default over $7000** 5. **Not currently bankrupt, part 9 or 10** ![how-to-apply-with-bg](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/car-loan/how-to-apply-with-bg.png) ## Apply 1. **If you are eligible, click on the 'Apply' button.** 2. **Complete the application in under 3 minutes.** 3. **You will receive a call from one of our experienced brokers.** 4. **Follow our prompts for documentation collection.** We understand that investing in your business with heavy plant and industrial equipment can come at great cost.   You do not need to have available cash in the bank to make an outright purchase on commercial assets.  Even if you can afford it, investing cash may leave you with less working capital to finance operations or explore new growth opportunities.   That’s where Equipment Finance comes in, allowing you to arrange repayments to suit your cash flow. You may also be in a position to claim tax deductions.  For example, regardless if you need one vehicle or a fleet of vehicles to keep your business operational, it’s not necessary to pay upfront.   You might consider a range of vehicle finance options, from an equipment loan or hire purchase to a finance lease.   At 1800Approved our financial experts can help find the best solution and find you a loan without disrupting your cash flow or liquidity.  We understand that investing in your business with heavy plant and industrial equipment can come at great cost.   You do not need to have available cash in the bank to make an outright purchase on commercial assets.  Even if you can afford it, investing cash may leave you with less working capital to finance operations or explore new growth opportunities.   That’s where Equipment Finance comes in, allowing you to arrange repayments to suit your cash flow. You may also be in a position to claim tax deductions.  For example, regardless if you need one vehicle or a fleet of vehicles to keep your business operational, it’s not necessary to pay upfront.   You might consider a range of vehicle finance options, from an equipment loan or hire purchase to a finance lease.   At 1800Approved our financial experts can help find the best solution and find you a loan without disrupting your cash flow or liquidity.  ## Secured VS Unsecured ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) ### Secured Equipment Loan Use an asset to secure the loan. This asset is then used as a kind of security against the loan.  If at any time you are unable to repay the loan, the lender may be able to use your security asset to recuperate the difference.    ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) ### Unsecured Equipment Loan The lender requires no security for the debt. The loan is still subject to your ability to repay it. The interest rates on **unsecured loans** are higher on average than **secured loans**, which offsets the increased risk of losing money for the lender.  - ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) - ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) ### Secured Equipment Loan Use an asset to secure the loan. This asset is then used as a kind of security against the loan.  If at any time you are unable to repay the loan, the lender may be able to use your security asset to recuperate the difference.    ### Unsecured Equipment Loan The lender requires no security for the debt. The loan is still subject to your ability to repay it. The interest rates on **unsecured loans** are higher on average than **secured loans**, which offsets the increased risk of losing money for the lender.  When applying for an **equipment loan**, be it secured or unsecured, you should always check the information with your **Financial Broker**. ## Chattel Mortgage ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Definition** A **Chattel mortgage** is much like a secured equipment loan for assets purchased for business use. The lender takes a ‘mortgage’ over the asset as security for the loan. Once the repayments are completed at the end of the repayment term, you’ll own the asset outright.  ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Benefits** - Low-interest rate possibilities as it is a secured loan.  - 100% finance options may apply  - Flexible lease terms from 12 to 84 months   - The potential to claim Input Tax Credits if you are registered for GST - ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) - ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Definition** A **Chattel mortgage** is much like a secured equipment loan for assets purchased for business use. The lender takes a ‘mortgage’ over the asset as security for the loan. Once the repayments are completed at the end of the repayment term, you’ll own the asset outright.  **Benefits** - Low-interest rate possibilities as it is a secured loan.  - 100% finance options may apply  - Flexible lease terms from 12 to 84 months   - The potential to claim Input Tax Credits if you are registered for GST ## Hire Purchase ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Definition** A **commercial hire purchase** loan is a way to finance buying new or used equipment. You are normally required to pay a deposit and pay off the value of the asset in monthly instalments, with the loan secured against the asset. At the end of the agreed term, and all payments are made, the asset becomes yours. A good option for business.    ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Benefits** - As low as 10% deposit. (100% financing option is also available)  - You have the flexibility of low or fixed interest rate options  - You can select flexible lease terms from 12 to 60 months  - Available on equipment, or new and used car purchases - ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) - ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Definition** A **commercial hire purchase** loan is a way to finance buying new or used equipment. You are normally required to pay a deposit and pay off the value of the asset in monthly instalments, with the loan secured against the asset. At the end of the agreed term, and all payments are made, the asset becomes yours. A good option for business.    **Benefits** - As low as 10% deposit. (100% financing option is also available)  - You have the flexibility of low or fixed interest rate options  - You can select flexible lease terms from 12 to 60 months  - Available on equipment, or new and used car purchases ## Equipment Leasing ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Definition** Under this agreement, you use the equipment while the lender retains ownership of the asset. At the end of the term, you have the option to buy the equipment or trade it in for a newer model. Talk with us for more information about leasing a car in Australia.    ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Benefits** - Tax-deductible for business owners  - The equipment is ours and there are no restrictions on who can use it  - You can select flexible lease terms from 12 to 60 months  - You have the option to upgrade your car at the end of your lease term    - ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) - ![](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial%20(2).png) ![Commercial](https://www.1800approved.com.au/hubfs/1800_website_2019/images/nav_menu/Commercial.png) **Definition** Under this agreement, you use the equipment while the lender retains ownership of the asset. At the end of the term, you have the option to buy the equipment or trade it in for a newer model. Talk with us for more information about leasing a car in Australia.    **Benefits** - Tax-deductible for business owners  - The equipment is ours and there are no restrictions on who can use it  - You can select flexible lease terms from 12 to 60 months  - You have the option to upgrade your car at the end of your lease term    ## FREQUENTLY ASKED QUESTIONS ### ABOUT MY LOAN What documents and other things do you need for me to apply? Making an application is quick and easy – you just need to have the following documents ready to give your broker: - Current Australian Residency Identification  - 2 recent payslips - Or one current bank statement  Do I need to purchase the car from you? In short the answer is No, you can source your own car. We offer a holistic solution to our customers, from financing to sourcing a vehicle at the most competitive rates and specs that suits you through our vehicle solutions partner – Drive. What is the difference between 1800Approved and a bank? We are a multi award winning independent finance group who believe in helping people achieve their dream or goal with our holistic solution we **compare 40+ Lenders**. Arranging everything from finding the right finance at the best **low interest rate** and a **no deposit** that suits you to sourcing the right vehicle – finding the right vehicle, that suits you, through our vehicle solutions partner – Drive What do your interest rates start at? Interest rates can vary depending on the age of the vehicle you are buying, your credit file, credit score, assets and liabilities. Our rates start **as low as 4.69%*** for new vehicles for business use customers.  * based on a commercial contract for a new vehicle with specific criteria. What is a balloon payment? A balloon payment allows you to reduce your repayments during the term of the car loan by making a once-off lump sum payment at the end of your loan. For example, if you were to take a $30,000 loan over five years with a 30% balloon, your regular repayments at a comparison rate of 8.10% would drop from $609.73 per month to $467.24 per month with the addition of a $9,000 lump sum payment due with your final payment.  Balloon payments are available for cars that are up to five years of age. We will contact you within the last six months of your loan term to discuss your payment options. Your payment options could include re-financing the balloon amount in a new car loan. Alternatively, you could pay this balloon payment from your own funds.  ### APPLICATION AND APPROVAL What is the time frame for approval? Once we receive your online application, you will be contacted by one of our experienced brokers, within 2 business hours. The timeframe from our **high approval rate** to completion can be anything from 1 hour under ideal circumstances. Give us a call on an obligation free discussion with one of our experienced brokers. to walk you through our **fast and easy approval process** What advantages do I have as an ABN customer? If you apply for finance with 1800 Approved as an **ABN** customer you can: - Apply with less documentation,   - Receive discounted interest rates between 0.4 - 3% less than a consumer loan. - Benefit from a tax write off with your finance– we recommend speaking to your financial advisor before you apply.  Can I get a loan if I am bankrupt? Not if you are currently in bankruptcy or a Part 9 or 10 debt agreement. However, if you are discharged we can be able to assist you. Click here for assessment that will not damage your credit score or call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution. Alternatively ### QUESTIONS ABOUT MY CREDIT Do late payments affect my credit score? The short answer is yes, if your repayments are 14 days overdue or more then this will most likely be recorded on your credit score. At 1800 Approved we believe that everyone deserves an opportunity, so give us a call on 1800 2777 6899 an obligation free discussion with one of our experienced brokers. Alternatively, To learn more download our E-book How can I get a loan if I have bad credit? At 1800Approved we believe in assessing your circumstances today and finding a solution that best suits you. We do this with the help of our 40+ lender portfolio, so give us a call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution. Alternatively click here for assessment that will not damage your credit score. Is my credit score effected if I am declined? At 1800 Approved, unlike a bank, we will not show on your credit file as a “declined” if your application is unsuccessful. We do not leave an impressions on your file as part of our assessment. More than 6 enquiries in a 12-month period may affect your application for finance. ## How It Works ![](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/home/icon-images/resume.png) ![apply-hover](https://www.1800approved.com.au/hubfs/apply-hover.png) #### Apply It takes minutes to make an online application – no lengthy question  ![](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/home/icon-images/settings.png) ![settle-hover](https://www.1800approved.com.au/hubfs/settle-hover.png) #### Settle Work with your dedicated **financial broker** who will find you the best deal  ![](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/home/icon-images/Choose.png) ![choose-hover](https://www.1800approved.com.au/hubfs/choose-hover.png) #### Choose Our vehicle procurement service [DRIVE](https://www.drivewholesale.com.au/) will find you the best vehicle  ![](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/home/icon-images/happiness.png) ![enjoy-hover](https://www.1800approved.com.au/hubfs/enjoy-hover.png) #### Enjoy Once you are approved you can pick up your keys! And, if you get your vehicle with us we will deliver it*  - ![](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/home/icon-images/resume.png) ![apply-hover](https://www.1800approved.com.au/hubfs/apply-hover.png) #### Apply - ![](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/home/icon-images/settings.png) ![settle-hover](https://www.1800approved.com.au/hubfs/settle-hover.png) #### Settle - ![](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/home/icon-images/Choose.png) ![choose-hover](https://www.1800approved.com.au/hubfs/choose-hover.png) #### Choose - ![](https://www.1800approved.com.au/hubfs/1800_approved_2019/images/home/icon-images/happiness.png) ![enjoy-hover](https://www.1800approved.com.au/hubfs/enjoy-hover.png) #### Enjoy It takes minutes to make an online application – no lengthy question  Work with your dedicated **financial broker** who will find you the best deal  Our vehicle procurement service [DRIVE](https://www.drivewholesale.com.au/) will find you the best vehicle  Once you are approved you can pick up your keys! And, if you get your vehicle with us we will deliver it*  ### What our customers are saying ** ** ** ** ** Rated **4.9** in overall satisfaction by ![Google](https://www.1800approved.com.au/hubfs/1800_approved_2016/images/google-sign.png) Google ## Disclaimer Representative example: Based on a $30,000 loan with an 84-month term for a borrower with excellent credit history at a comparison rate of 4.99% p.a. the estimated total amount payable per month is $444. Interest rates range from 4.99% p.a. (comparison rate 6.97% p.a.) to 12.37% p.a. (comparison rate 20.30% p.a.). Rates are subject to change depending on the rates offered by lenders in our Lending Markets. 1800Approved credit criteria and terms and conditions apply.  **Head Office: **1/33 Ereton Drive Arundel QLD 4214 © 2008-2022 Ausloans Pty Ltd. Australian Credit Licence #383999 ![Logo](https://www.1800approved.com.au/hubfs/1800approved-logo-white.png) ![](https://www.facebook.com/tr?id=2099318183729557&ev=PageView&noscript=1) ![](https://www.facebook.com/tr?id=759887617369365&ev=PageView&noscript=1) ![](https://www.facebook.com/tr?id=122106498438777&ev=PageView&noscript=1) ![](https://bat.bing.com/action/0?ti=5128956&Ver=2) [![ClickCease](https://monitor.clickcease.com/stats/stats.aspx)](https://www.clickcease.com) ```json { "@context" : "http://www.schema.org", "@type" : "FinancialService", "address" : { "@type" : "PostalAddress", "addressCountry" : "Australia", "addressLocality" : "Gold Coast", "addressRegion" : "Queensland", "postOfficeBoxNumber" : "4214", "postalCode" : "4214", "streetAddress" : "33 Ereton Dr. Arundel" }, "aggregateRating" : { "@type" : "aggregateRating", "ratingValue" : "4.6", "reviewCount" : "233" }, "areaServed" : "Queensland, New South Wales, Victoria, South Australia, Tasmania, Australian Capital Territory, Northern Territory, Western Australia, Sydney, Perth, Melbourne, Hobart, Darwin, Brisbane, Adelaide, Gold Coast, Canberra, Newcastle, Wollongong, Logan City, Townsville, Geelong, Sunshine Coast, Cairns and Albury/Wodonga", "award" : "Australian Broking Awards - Asset Finance Broker of the Year 2016", "brand" : { "@type" : "Organization", "name" : "1800Approved Finance Solutions" }, "contactPoint" : { "@type" : "ContactPoint", "contactType" : "customer service", "telephone" : "1800277768" }, "description" : "A leading motor vehicle finance broker in Australia since 2008. 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