Trucks and equipment finance with Loanworx Asset Finance

Prime movers, trailers and trucks are the backbone of Australia’s transport and logistics industry. But whether you are buying brand-new or second-hand vehicles, the cost is significant – and often too much to cover from cash flow alone.

At Loanworx Asset Finance, we help owner-drivers and transport operators arrange truck finance and transport equipment loans that work in the real world. Our goal is simple: get you on the road with the right funding in place, without unnecessary stress or delays.

Why transport operators choose Loanworx for truck finance

At Loanworx Asset Finance, we understand that trucks and trailers are income-producing assets. When they are parked up because you are still sorting the finance, the business is missing out.

We take the time to understand how your operation runs – the work you do, your fleet size, your cash flow cycle and your growth plans. Then we look for truck finance structures that suit the way you operate, not just the way a bank’s system likes to see applications. Whether you are buying your first truck or adding to a growing fleet, we aim to make the process clear, quick and straightforward.

What sets our truck and equipment finance apart

Our specialist asset finance brokers have many years of experience in truck and equipment finance. We work with a broad panel of lenders who understand the transport industry and are comfortable funding prime movers, rigid trucks, trailers and related gear.

We focus on:

Fast turnaround times, so you can get on the road sooner
Competitive pricing, using our lender network to negotiate sharp deals
Tailored structures that support your cash flow, not strain it
Managing the process from start to finish, so you spend less time on paperwork

From basic single units to more complex combinations, we help structure your truck loans in a way that feels manageable and sustainable.

When truck finance can help your transport business

It might be time to look at truck finance if you are ready to step up from being a driver to an owner-driver, expand your fleet to take on more work, or replace older vehicles that are costing you in repairs and downtime. Finance can also make sense if you are moving into a new contract that requires different equipment, or want to bring more of your cartage in-house rather than relying on subcontractors.

If you are currently trying to fund vehicles directly out of cash flow, or relying on short-term solutions like credit cards and overdrafts, a properly structured truck and equipment facility can help smooth things out and give you a clearer view of your costs.

Why arranging your truck finance early makes life easier

Getting your truck finance arranged before you commit to a purchase gives you more control and less pressure. When we organise pre-approval, you know your realistic budget, how repayments will look against your cash flow, and how quickly funds can be released when you find the right vehicle. That means you can negotiate with dealers or private sellers with confidence and avoid rushing into unsuitable finance just to keep a deal together.

Things you should know about truck and equipment finance

Potential Benefits:

Preserve working capital by spreading the cost of trucks and trailers over time
Match repayments to how your transport business earns income
Fund new or used prime movers, trailers and related equipment
Upgrade older units to more reliable or efficient vehicles
Potentially structure finance in a tax-effective way with guidance from your accountant

Things to Watch:

The total cost of truck finance once interest, fees and charges are factored in
Choosing terms that are realistic for the expected working life of the vehicle
Understanding balloon or residual values and what they mean at the end of the term
Security requirements, including whether guarantees or property support may be needed
Ensuring the structure still works if fuel prices, workloads or rates change

We will run through these points in plain language and show how different options would look using your own numbers, so you can decide what genuinely suits your business.

Our lender panel for truck and transport equipment finance

For truck finance, it helps to have lenders who understand transport. Loanworx Asset Finance works with:

Specialist truck and transport equipment lenders
Major and second-tier banks with strong asset finance offerings
Providers comfortable with both new and second-hand vehicles, subject to policy

Because we can compare options across this panel, we focus on finding the right mix of rate, term, structure and flexibility for your particular operation.

How truck finance works with Loanworx Asset Finance

Step 1 – Understand your plans

We start with a simple conversation about the truck or equipment you are looking at, how you plan to use it, your experience in the industry and what you are aiming to achieve.

Step 2 – Review your numbers and shortlist options

We look at your financials, work history and cash flow, then outline truck finance options that may suit – including different terms, deposits and, where appropriate, balloon or residual structures.

Step 3 – Choose the lender and structure

Once you are comfortable with a direction, we match your needs with lenders who are active in truck and transport finance, and compare pricing and conditions so you can make an informed choice.

Step 4 – Approval and settlement

We manage the application and approval process, then coordinate settlement so funds are available to pay the dealer or seller. The aim is simple: minimise downtime so you can get the truck working and earning as soon as possible.

Speak with a Loanworx Asset Finance Specialist

Frequently Asked Questions

Can I get truck finance if I am a new owner-driver?

In many cases, yes – provided you have relevant experience and a viable plan. Some lenders are comfortable working with newer owner-drivers, while others prefer more established operators. We will guide you towards the lenders that best fit your profile.

Can I finance second-hand trucks and trailers?

Yes, many lenders will fund used trucks and equipment, subject to age, condition and usage. We will let you know what is realistic for the particular vehicles you are looking at.

Do I always need a deposit?

Not always. Some truck finance deals can be structured with low or, in limited circumstances, no deposit, depending on the strength of the application and security. We will explain what options are available in your situation.

Is a balloon or residual payment a good idea?

It can help reduce ongoing repayments, but you need to be comfortable with the amount due at the end of the term. We will show you how different balloon levels change your repayments and help you decide whether it makes sense.

Can you help if I already have other truck loans in place?

Yes. We can review your existing facilities, see if they are still competitive, and consider how new finance will sit alongside them. In some cases, refinancing or restructuring may be worth exploring.

Ready to talk truck finance with Loanworx?

If you are looking to buy your next truck, upgrade part of your fleet or add new equipment to take on more work, now is a good time to explore your truck finance options with Loanworx Asset Finance.

Call us on 1300 562 696 and one of our asset finance specialists will be in touch.

Here to support you on your financial journey.

Talk to Us

Ready to talk finance?

It’s what we do best. Call us now on 1300 562 696 or fill in the below form to speak to one of our highly skilled brokers.