Tipper truck finance from 48+ Australian lenders.

Yes, with the right lender. New ABNs usually need a deposit of 10 to 20 per cent, a clean personal credit file and evidence of work such as a cartage agreement or a trade background. Established businesses are commonly approved low-doc with no deposit. A used tipper within age limits is a common first truck.

Yes. A tipper and dog trailer can be financed together on one contract or on two contracts with terms matched to each asset. Lenders like the combination because truck-and-dog work on civil and quarry jobs is steady, and the trailer holds its value well. Include the dog on the quote if you are buying both.

Yes. Steel or alloy tipping bodies, hoists, tarps and tailgates can be included on the same contract when quoted with the truck, and body builders’ invoices are combined with the dealer’s into one approval. Financing the body with the truck is cheaper than a separate small loan.

Well, provided the truck is within age and kilometre limits, typically under about 12 to 15 years at the end of the term. Lenders look at the chassis and body condition, kilometres, engine hours and service history. Auction and private purchases are accepted with a PPSR clearance and inspection.

Often no deposit is required, particularly for established businesses buying standard assets from a dealer. A deposit is more likely where the business is new, the asset is older or specialised, the credit profile is weaker, or the amount is large relative to turnover. Deposits typically range from around 10% to 30% in those cases. Putting money in reduces the amount financed and can improve the terms offered, but it is not always necessary.

The common ones are an establishment or documentation fee charged at settlement, a monthly account-keeping fee, and a PPSR registration fee for recording the lender's interest in the asset. A brokerage fee may also apply, which we disclose to you in writing before anything is submitted. Some agreements include an early termination or break cost. Fees vary by lender and are typically a modest part of total cost compared with the interest, but they should still be compared.

Lenders publish maximum residual or balloon percentages that fall as the term lengthens, because the asset is worth less at the end of a longer term. For a vehicle, a common pattern is up to roughly 50% on a two-year term, reducing to around 20% to 30% on a five-year term. The ATO also sets minimum residual values for finance leases. A larger balloon lowers monthly repayments but increases total interest and leaves a lump sum to deal with at the end.

It is far less common than it once was. Under hire purchase the financier owns the asset and you hire it, with ownership transferring automatically after the final instalment. Since the GST changes that made chattel mortgage more attractive for businesses accounting on a cash basis, most equipment lending is written as a chattel mortgage or lease instead. Some lenders still offer commercial hire purchase, and your accountant can advise whether it suits your circumstances.

The Personal Property Securities Register is the national register of security interests in personal property, including vehicles and equipment. When a lender finances an asset, it registers its interest so the security is publicly recorded and its priority is protected if the asset is sold or the business fails. It also means a buyer searching the register will see the finance. The registration is released once the contract is paid out, and a small registration fee is usually passed on to you.

A balloon is a lump sum left to pay at the end of a chattel mortgage, which lowers the regular repayments during the term. For example, a 30 per cent balloon on a $100,000 vehicle leaves $30,000 to pay at the end, so the monthly amount is calculated on $70,000 plus interest on the full balance. Balloons are commonly set between 0 and 40 per cent depending on the asset and term, and at the end you can pay it out, refinance it or sell the asset to clear it. A balloon reduces monthly cost but increases total interest, so your broker shows both figures side by side.