Heavy haulage truck finance

Flexible & low rate financing solutions for your truck needs

Competitive heavy haulage equipment finance

Ideal finance solutions with competitive rates for your construction, mining and earthmoving machinery needs

Flexible finance structures

Finding a loan solution that matches the ebb and flow of your cash flow is vital to keeping any business afloat. Whether you are looking for an upgrade or purchasing your first machinery or vehicle to expand your rig that will keep your operation moving we have the right financial offering to suit your situation. Our diverse loan base means that you get the lowest rates available to help you purchase machinery and tools at an affordable rate.

Experts finance solutions for individuals

There is no one way to finance heavy machinery. We offer diverse packages from leading lenders to kickstart your next big move. We understand that mining and construction equipment can be expensive. Our tailor-made solutions that are selected by our expert panel of consultants will ensure that you get a deal that comes with flexible repayment plans and works with your cash flow.

See how we can help you with your equipment finance

Get expert finance solutions from our consultants that source loans that match any budget to purchase trucks, tools and machinery

Compare lenders, calculate and save on your truck loan

Thinking of buying your truck? Savvy offers a complete range of car loan options to suit all needs. Compare and save with Savvy. Savvy has access to all major banks and lenders in the country. We hold accreditation with all the major lenders in the country and have experienced consultants to tackle any requirement.

LenderProduct NameAdvertised RateComparison RateMonthly Repayment
Savvy Secured Truck Loan 4.99%
6.60% $566.00
BankWest Business FeeSaver Loan - Res Sec 5.80%
5.80% $577.20
BankSA Business Loan Variable 6.78%
6.78% $590.93
ANZ Business Loan Variable - Res Sec 7.10%
7.10% $595.45
Commonwealth Bank BBL Var Non-Res Sec 7.81%
7.81% $605.57

* Commercial loan with the loan amount of $40,000 is looking at a 5 year secured fixed rate of 2.85% p.a. and comparison rate of 3.93% p.a.. WARNING: all fees and charges may not be included on the example above, only the comparison rates, monthly repayment and total cost applies. Therefore, the total cost of the loan might be different. Comparison rate do not include broker fees, redraw fees, early termination fees and fee waivers. Comparison rate may change as a result of the different loan terms, fees and the loan amounts. Establishment fees and monthly fees do not apply to commercial loans, only consumer loans. However, there might be different fees apply.

Common questions about heavy haulage finance answered

Find out more about equipment finance

Can I get financing if I buy privately?

Yes. You can purchase your truck from anywhere.

Can I get pre-approved if I am still looking for a truck?

Yes. At Savvy we offer pre-approved loans.

Will I be able to get a loan for more than one truck?

Yes. If you need to get a package that is designed to purchase more than one truck you can speak to our consultants.

My business operates seasonally. Can I still get a loan?

Yes. We understand that you need flexible financing that caters towards seasonal operations and we have the package that suits these types of businesses.

Can I get approved for any type of heavy haulage truck?

Yes. At Savvy we finance all types of heavy haulage trucks for business purposes.

Can I get a loan if I am just starting my business?

Yes. At Savvy we offer solutions that are tailor-made for new businesses. You can speak to our consultants for more information.

Will you still finance me even if I have been rejected by the bank?

Yes. But it is important that you do not apply to many times to different lenders in a short space of time as this can affect your credit score.

I want my equipment to stay current without buying it. Is there financing for this?

Yes. We offer finance leases and operating leases which can help you replace equipment every 2-5 years.

Your helpful guides to heavy haulage finance

Guides to help you make an informed decision when it comes to financing your machinery and tools

Potential tax advantages

Based on your circumstances, your business can claim potential tax advantages depending on the type of asset financing you choose. For example, when it comes to chattel mortgage things such as depreciation, interest charges and fees relating to the transaction are tax deductible. However, your equipment needs to be used to generate assessable income to make a claim. You should speak to a tax advisor to see if these tax advantages apply to your position.

Residual payment

Earthmoving, construction and mining machinery is not an affordable option for many businesses to purchase off the bat. Most business that look for a solution to reduce the initial costs of purchasing such items would choose financing that pushes the residual payment, which is also known as a balloon payment. This can benefit entrepreneurs and business owners that need a low-cost solution until their business starts building enough equity to pay off the residual.

Fees and charges

The first thing that most people look at when it comes to finding the right finance is the interest rate but tend to overlook the fees and charges that come with it. If you do not read the product documents closely for things such as early repayment fees, late payment fees, ongoing costs, and establishment fees you could end up paying more than you expected. It is important to find financing that comes with fees and charges that are affordable throughout the term of the loan.

Finance lease benefits

A finance lease is when a lender purchases the asset you need and rents it out to a business for an agreed period. It can assist businesses to pay a reduced initial cost, allowing for the cash flow and capital of the business to be used effectively. Finance leases are usually tax deductible which can help your business save in terms of costs. The fixed rate payment not only protect you from the fluctuation of the rate but it can also help you factor in the cost into your budget.

Brands you can trust

We are accredited with the most reputable lenders and insurers in Australia giving you a fair choice to compare