When we advise clients that payments may not differ greatly between financing an older truck as opposed to a newer truck – they are often quite surprised. Below is an example as to why this may be the case. Asset Type Finance Amount Term Balloon Payments 2004 Prime Mover $80,000 3 years NIL $2,500 pm […]
Our office regularly receives phone calls from potential clients seeking information on how to finance a truck when starting a new business. Below is a list of requirements and considerations when looking to finance a truck for those looking to become an owner driver. 1 – Has an Australian Business Number been Registered? Is it […]
Heavy Equipment and Truck Finance Brokers The Bank Consultants that specialise in one area of finance – heavy equipment and truck finance Bank Managers work on home loans, overdrafts, insurance but don’t specialise in heavy equipment and truck finance Clients relationships are groomed for the long term and are given a dedicated Relationship Manager. This […]
You have several things to consider when deciding whether to finance or buy your next truck. One of the most practical considerations is how much money you have to spend on the truck you want. When running a business, it can be hard to accumulate enough cash to purchase a new truck without a loan […]
A couple of weeks ago, an existing customer of ours purchased this brand new 2015 Hino 1024 Long Horse Truck. This Truck was an additional unit to complement their existing fleet of Horse Trucks. Heavy Vehicle Finance was fortunate enough to provide the Truck Finance for this purchase and looks forward to the opportunity of […]
The team at Heavy Vehicle Finance has just had the opportunity of providing finance for a 2008 Kenworth T408 Tip Truck purchased through Select Trucks in Sydney. This deal was for an existing client of ours operating in Civil Works Transport based in the Western suburbs of Sydney. Our client had traded in an existing […]
Our firm recently financed a 2000 Peterbilt Prime Mover for a Victorian based client operating in the Logging Industry. If you look on www.trucksales.com.au there will generally be a very limited supply of Peterbilt Prime Movers for sale in Australia at any given time. This being said though, often these trucks are snapped up before […]
The South Australian Road Transport Association (SARTA) has released a report, indicating that freight routes in rural South Australia are increasingly damaging trucks using these routes. Drivers are experiencing increased breakdowns, electrical faults and repairs / maintenance costs. A representative is calling on State and Federal Governments to fix dirt laden and deteriorating trucking routes, […]
When Truck Dealers or Heavy Machinery Dealers advertises 0% finance or some other unrealistic rate such as 2.99%, buyers should instantly start to ask questions as to how they can do this. Would it not make sense from a Commercial Investment point of view, for a business to investment money in other ventures that will […]
