Compare The Best Truck Loans and Financing Options From 90+ Lenders

How Old Is Your Business? It Matters for Truck Finance.

If your ABN has been around for a couple of years, lenders are more likely to back you.

But if you’re just starting out, don’t stress. You’re not out of options, you just need to be smart about how you go about it. That’s where Tradiespace comes in. We compare truck loans from 90+ lenders, including options that are friendly to new businesses and start-ups. You focus on growing the business. We’ll do the legwork on the finance.

Older Trucks Can Still Cost You.

Sure, buying a used truck might seem like the cheaper option — but when it comes to finance, that’s not always the case.

Lenders see older trucks as high risk. They’re more likely to break down, cost more in repairs, and are harder to resell if repossessed. That risk means many lenders either won’t touch them — or they’ll slap on higher interest rates, extra fees, or stricter terms.

In the end, you could end up paying nearly as much as you would for a newer, more reliable truck.

If you’ve got your eye on an older model, Tradiespace can help. Our comparison tool shows you lenders who are more flexible on truck age, so you can find a deal that suits your budget and your business.

Tax Benefits with Truck Finance.

If your truck is used for business, your loan could help you save at tax time.

The interest you pay on your truck loan is generally tax-deductible as a business expense. On top of that, if you’re using a chattel mortgage, you may also be able to claim GST and depreciation, giving you even more back.

Just make sure the truck’s used for commercial purposes, and always check in with your accountant to get it right.

What’s a Balloon Payment?

Some truck loans come with a balloon payment option. That means your regular repayments are lower throughout the loan term but at the end, there’s a big lump sum to pay off.

When the balloon’s due, most lenders give you two choices: refinance the leftover amount and keep the truck, or trade the truck in to clear the debt.

Balloon payments can be handy if you need lower repayments upfront, but it all comes down to your business’s cash flow.

The good news? With Tradiespace, you’ve got options and we’ll help you find the one that fits best.