The trucking sector is experiencing a surge with the increasing volume of people turning to home delivery services and online shopping and many more businesses pivoting to their own delivery services. The demand for transport has never been greater as goods are required to be moved across the city, across the state and across the country.
It’s no wonder that many truck owners are looking to upgrade their vehicle more often and individual, businesses are looking to purchase their own trucks to do their own deliveries to streamline their customer service.
Fortunately for buyers the truck market is always buoyant. Whether you’re in the market for a used vehicle or a brand new truck. From light delivery vehicles, to all-purpose Pantechs through specialised construction and mining vehicles, agitators, tow trucks and lifters and the massive semis that keep the economy going. The truck sales websites are packed with great deals, there’s plenty of regular truck auctions and new vehicle dealers have new models ready for you to test drive.
Making that all important purchase decision can be challenging and time-consuming if you want to check out all your options. So the last think you want is to have excess time taken up with sourcing your finance. We’ll give you a run down on finance options to save you some time.
There are a range of commercial finance products available for purchasing both new and used trucks. They equally apply if you are purchasing from a private seller, at auction or from an authorised dealer. They include:
So what’s the difference?
So what’s the same?
The options for sourcing truck finance include using a finance broker or approaching a bank or a finance company yourself. The banks have strict guidelines for lending so handling your finance application yourself can be a time-consuming process.
A finance broker will handle sourcing and comparing quotes, negotiating the cheapest rate and most favourable conditions for you, present you with the best offer and then proceed to handle a lot of the paperwork for you. Their services are available to both individuals and businesses incluing sole traders, owner-operators, partnerships, SMEs and large businesses.
We know people who operate in the truck equipment finance area and have experience in sourcing finance for the sector. If you would like their contact details, please contact us.