Australian business relies on trucks. Whether it’s transporting goods, fuel or heavy plant, trucks are an essential part of a company’s continued success. If you’re wondering how much your preferred truck loan might cost, you can use Savvy’s simple truck finance calculator below to make an approximate chattel mortgage calculation.
All you need is how much you intend to borrow, the interest rate, your loan term and whether you want to make a deposit. You can also select your repayment frequency for an accurate demonstration of your obligations before applying with Savvy, where you can experience a vast range of lending options all in one place.
At Savvy, you can compare and choose from low fixed rate chattel mortgage deals to help your business save on financing across your repayment term.
You won’t need to worry about making a deposit if your business doesn’t have the means to do so: we’ll help you get approved for the full truck purchase price.
You can shape your own repayments by selecting the term over which you make them, from as long as seven years down to as little as 12 months.
Whether you’re in the market for a tow truck, semi-trailer, heavy vehicle or anything in between, you can be approved for financing with a lender who suits your needs.
With GST claimable on the purchase price of the truck, as well as truck depreciation and interest on your payments, borrowers can take advantage of important tax benefits.
Your options aren’t limited to brand-new trucks on the lot, however. You can also choose from an array of used vehicles from both dealers and private sellers.
Stamp duty, vehicle registration, extended warranties and insurance can all set you back a substantial amount upfront, so you can arrange for these to be covered by your loan.
We partner with lenders who offer finance solutions for truck fleets also, making the process simpler for buying multiple vehicles at once for your business.
The most common method of buying for business purposes, chattel mortgages enable you to take ownership of your truck from the outset of your loan.
This gives you the freedom to use and modify the vehicle how you like, provided that it’s used for your business at least 50% of the time and that these modifications won’t significantly decrease its value.