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
New or used trucks
Competitive interest rates
Variety of options
Trained consultants
Access to multiple lenders
Potential tax benefits
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.
| Lender | Product Name | Advertised Rate | Comparison Rate | Monthly Repayment |
|---|---|---|---|---|
| Savvy | Secured Truck Loan | 4.99% fixed | 6.60% | $566.00 |
| BankWest | Business FeeSaver Loan - Res Sec | 5.80% fixed | 5.80% | $577.20 |
| BankSA | Business Loan Variable | 6.78% variable | 6.78% | $590.93 |
| ANZ | Business Loan Variable - Res Sec | 7.10% variable | 7.10% | $595.45 |
| Commonwealth Bank | BBL Var Non-Res Sec | 7.81% variable | 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.
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Common questions about heavy haulage finance answered
Find out more about equipment finance
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.