Truck Finance Adelaide

Truck Finance Adelaide Guide: Solutions for gaining tax benefits and how to find the most cost-effective options.

Truck Finance Adelaide – More Options for Business

Savvy's guide to everything about truck finance Adelaide businesses need to know, covering leasing and commercial loans. How you fund trucks will depend on your tax position, finances, and plans – and Savvy partners with a range of vehicle finance providers so you can make the choices you want, not compromises. Whether you need to buy additional trucks or upgrade your current vehicles, there's a cost-effective, tailored solution out there.

The Savvy Way to Source Truck Finance Solutions

Before you source finance for your next truck, consider all your options. While it's difficult to examine every single lender and financial product on the market, Savvy has access to a broad range of Australia's best specialist finance providers. We'll narrow your search down based on your specific business, and present relevant, valuable options that save you time and money. When you've found the perfect solution, you can apply online.

Why More Businesses Come to Savvy for Truck Finance

Truck finance solutions that match your business goals – That's why Savvy is the number one choice for business

Truck Finance Adelaide: How it Works, What it Costs

The tax benefits and the costs associated with different forms of commercial vehicle finance explained

Truck Finance Adelaide: Chattel Mortgage

A chattel mortgage, also known as a commercial loan, is a relatively straight form of finance that involves paying down the loan plus interest. Rates get fixed and remain relatively low because the lender maintains a mortgage on the debt, via the truck, until it gets fully repaid. Chattel mortgages provide some excellent tax and GST benefits, and you're also free to use a deposit – or not – and the residua is adjustable – which means you can tweak the amount of each regular repayment.

  • Chattel mortgage terms range between twelve and eighty-four months
  • You claim 100% of the GST on the purchase price the next time you file a BAS
  • All the interest on repayments is fully tax-deductible
  • There's no GST on the residual or the regular repayments
  • You can adjust the residual amount up or down to match repayments to your cash flow
  • You can elect to use a deposit or choose to borrow the full purchase price of your truck

Truck Finance Adelaide: Finance Lease

Finance leases provide the option to keep using your truck after the term ends, either by paying the residual or refinancing it and extending the lease. You don't own the vehicle until the lease agreement ends so you can claim costs as a business expense.

  • Finance lease payments are fully tax-deductible
  • The total cost of the lease is based on the ex-GST price of the truck
  • Terms run between 12 and 60 months

Truck Finance Adelaide: Operating Lease

Operating leases are a fully maintained finance option without a residual where you make zero commitment to buy at the end of the term. So, disposal and depreciation risks sit with the lender. You can, however, make an offer for the truck if your plans change, but you're equally free just to hand it back and get another lease for a newer vehicle.

  • All operating lease repayments are 100% tax-deductible
  • The cost of finance gets based on the ex-GST vehicle value
  • You can bundle running costs like insurance, fuel, and servicing and maintenance in with your fixed monthly fee

Truck Finance Adelaide: Hire Purchase

Using hire purchase to buy a truck combines some of the benefits of leasing with the perks of a chattel mortgage, but it's not quite the same as either option. You get to eventually own the vehicle, just like with a commercial loan, but with hire purchase, the lender retains ownership until the term ends. They claim for depreciation and GST during the agreement and may pass some or all of those savings on to you. At the same time, you get to claim for the full cost of repayments as a business expense, which works more like a lease.

  • Terms run between one and seven years
  • Repayments are fully tax-deductible
  • The lender may pass on some of the benefits from claiming depreciation and GST

Find out About Truck Finance Specifics in FAQs

How much can you borrow? What can you buy? How to get the best deal, plus low doc and bad credit truck finance explained

How much funding can I access with truck finance in Adelaide?

The amount you can borrow will depend on the lender and product, but also on your ability to service the loan or lease. Speaking with a Savvy consultant is the number one step in finding a finance option that meets your needs and matches your business means.

Can owner-drivers access a truck lease?

Absolutely. Commercial vehicle finance is designed to be used by anyone needing a car, ute, or truck which they intend to use for business purposes at least 50% of the time.

Can I use truck finance to buy trailers and other equipment or vehicles?

You can buy just about any business equipment, tools, machinery, and vehicles using truck finance – which is a form of equipment finance.

What's the best way to get the lowest price on truck finance?

The best way to get the lowest cost on truck finance is to examine as many lenders and financial products as possible. While that's not always practical when you run a business, a Savvy commercial finance consultant can source the best deal for your situation and aims from dozens of lenders within minutes.

How does low doc truck finance work?

Low doc truck finance is designed for businesses who don't have access to up-to-date financials or tax returns when they need to borrow funds. Lenders assess applications based on alternative documentation and may require personal guarantees.

Can I get a bad credit truck loan?

You can. Bad credit truck loan lenders may charge a slightly higher interest rate, but a Savvy consultant can look to find the most cost-effective solution for your business.


Comparing a Truck Finance Lease with a Chattel Mortgage

Figuring out your ideal form of finance can save your business money over time – here's how to compare loans and leases

It's an excellent idea to sit down with your financial officer or accountant and talk about which solution suits your business best. Some forms of commercial vehicle finance offer fantastic tax incentives, while others are big on GST benefits. A quick chat with one of Savvy's experienced finance consultants should be one of your first steps. They can advise regarding the lender landscape and offer information about requirements for different finance deals and providers, then steer you towards the most suitable options out there.


Leasing or buying business vehicles is one of the most important strategic decisions you'll ever make. It's worth some time and discussion before you commit to a finance agreement because trucks are relatively expensive assets and even the smallest gains or losses can be amplified considerably over the course of a five or seven-year agreement. To get you started, here are the basics about the benefits and drawbacks of both:

Chattel Mortgage Truck Finance

You own the asset

Interest on repayments is tax-deductible.

Adjust the residual for manageable repayments

You finance the purchase price plus GST

Choose to use a deposit or borrow 100%

No GST on repayments of the residua

You claim depreciation

Modify vehicle from day one, as required

Claim 100% of purchase price GST in your next BAS

Truck Finance Lease

The lender owns the asset

Payments are fully tax-deductible

Residual gets set according to ATO guidelines

Finance based on the ex-GST value of the truck

You can't use a deposit

Pay GST on repayments and the residual

The lender claims depreciation

You can't modify vehicles during the term

Claim GST back throughout the term