Truck Loans
Compare low-rate truck & equipment finance for sole traders, individuals, partnerships and companies with Savvy.
Fact checked
Truck loans done right
Talk to Savvy about a structured truck financing solution today. Savvy finances trucks for companies Australia Wide and it’s a core product savvy offers which it delivers on time and time again. We are experts at all types of truck loans and help you get best and low finance rates.
Our specialist commercial finance professionals understand business, finance, cash flow, financials, company & business structures and everything that’s required to provide the right business solution.
Tax effective
At Savvy our consultants will tailor a business solution for you taking into consideration your tax, cash flow and business requirements. A commercial consultant from savvy will place you within the right structure, driving your dollar further and definitely saving you money. Our aim is to become an extension of your business, a partner that will help your business grow by providing market leading innovative financing solutions, quick and easy.
At savvy we can provide truck finance for all types of trucks plus vans, commercial utilities, prime-movers, buses, tankers, cranes, forklifts and more.
See how we can help you with your truck finance
Flexible loan terms
Fixed interest rates
Savvy offers operating leases, hire purchases and a competitive range of equipment finance products.
Low monthly repayment
At Savvy, you can compare competitive finance rates through our panel of trusted Australian lenders.
Flexible residuals
Tax-effective
Enjoy a range of tax benefits like claimable loan interest and GST and depreciation on the truck (subject to your business usage).
Access to multiple lenders
What our customers say about their finance experience
Savvy is rated 4.9 for customer satisfaction by 84 customers.
Your truck finance questions answered
Helpful truck finance guides
Zero percent finance – does it cost more?
Zero doesn’t mean zero – especially when it comes to truck finance. Opting for “zero” or “no” interest loans can end up costing you and your business more. For starters, you won’t be able to negotiate a lower price. Every “zero” percent finance package comes with higher fees; even for paying off the loan early. Dealers only sell older models, so you won’t even get the best model on offer. Some dealers might entice you with lower repayments, but read the fine print first. They may artificially keep repayments low by forcing a balloon payment at the end of the loan term. Finding your own finance and haggling with a dealer can save you thousands – if not tens of thousands – of dollars.
Should you lease or buy a truck?
It’s an age old debate – should you lease or buy your next truck? Buying a truck is good for you come tax time. Straight off the bat, you can claim depreciation, tax and other benefits such as the fuel input tax credit. However, if you run a seasonal business or are looking to expand quickly, opting for operating or finance leases might be the way to go. This gives you the opportunity to take on more trucks for a limited time. In many lease agreements, maintenance and other expenses may be included in your repayments. However, at the end of the lease, you will not have created an asset. On the other hand, there’s no depreciation hit! Ask your accountant what course is best for you.
Buying new vs used trucks
Trucks are no small expenditure; for many businesses that rely on them, it’s their primary asset. Buying used trucks might sound tempting, if you want to save on initial costs. However, depreciation will hamper your resale value, and long-term operation. Buying new means high residual value in your asset, and lower maintenance costs as your truck comes with new warranties, parts and other modcons. It also means they are more reliable, which could save you on certain types of business insurance. A well-maintained truck can last for years, or even decades. Sometimes buying new will cost more upfront, but lend itself to higher resale value later.
Choosing the right truck
Before buying, you must ask what problem your truck solves in your business. If you haul heavy loads, perishable foodstuffs, or liquids, the answer is clear-cut. However buying a smaller semi-trailer to begin with only to find out your hauling capacity is running out due to higher demand for your services, you will miss growing your business. You need to think about growth in your business, and your truck should solve any potential problems right from the start. Having a clear idea of how your truck will make money will also help you streamline your loan application process, too!.
