When acquiring a new truck, buyers within certain truck categories are presented with the option of purchasing a vehicle that comes equipped with a cab chassis and body, all integrated by the manufacturer. Alternatively, they can opt to acquire a prime mover, cab chassis, or semi, and subsequently select and procure the body or trailer separately. Both approaches carry their own advantages and disadvantages, contingent upon your industry, application, and specific business requirements. While the decision between a turn-key purchase or acquiring components separately hinges on personal preference, queries may arise regarding potential disparities in finance options. At Jade Truck Loans, we have a rich history of facilitating financing across various truck sectors. Our expertise allows us to shed light on this matter, helping to provide clarity for you.
Truck Loans for Turn-key Solutions
A “turn-key solution” refers to trucks that are pre-assembled by the manufacturer, complete with both the cab chassis and body, ready for immediate use. This type of vehicle is offered by various manufacturers and encompasses a range of body types tailored to popular truck applications, such as trays, Pantechs, tippers, refrigerated bodies, and more. These turn-key solutions are primarily available within the light and medium-duty truck categories.
Popular models on the market include:-
- Isuzu Ready to Work Range includes tippers, vanpack, freightpack, tradepack, servicepack and traypack. There are a number of models covering a range of truck sizes and classes.
- Fuso Built Ready range offers a selection of body types across their light and medium duty range.
- Hino offer a Built to Go range across their very popular 300 and 500 Series trucks.
If purchasing this type of truck, Jade Truck Loans offers our full selection of loan types including:-
- Leasing
- Truck Rental Finance
- Commercial Hire Purchase
- Chattel Mortgage
When arranging a loan for a turn-key, pre-built, or ready-to-work truck where the cab chassis and body are acquired as a unified unit, buyers experience the convenience of a single loan application process and the simplicity of a solitary monthly loan repayment. Additionally, they can swiftly commence work with their new truck immediately upon settlement and possession. With Jade's streamlined service and the truck ready for operation, this approach offers an exceedingly convenient and efficient method for both purchasing and financing a new truck.
While the examples cited here pertain to the light and medium-duty segments, Jade adheres to the same methodology for similar vehicle configurations within the heavy-duty sector. This also encompasses scenarios where a buyer acquires a prime mover and trailer as a single comprehensive unit. Such setups can be financed under a single Jade truck loan and offer the buyer the flexibility to select their preferred loan type.
Loans for Cab Chassis and Separate Body Purchases
An alternative to opting for a turnkey truck solution is for buyers to choose the cab chassis from one manufacturer and separately procure the body from a different supplier. The body could either be a pre-designed standard model or custom-crafted to align with their precise applications and unique requisites.
The approach taken by Jade Truck Loans to these separate unit purchases can vary.
For example:-
- Where the cab chassis and the body are purchased concurrently from the same or different suppliers it may be possible to include both assets in the one Jade Truck Loan.
- Where a standard or custom-built body is acquired after the purchase and loan of the cab chassis has been finalised, the body would typically not be able to be added to the original loan. The body would require a separate Jade equipment loan.
Since all Jade Truck Loans are tailored to individual needs and negotiated accordingly, we strongly encourage buyers to engage with our consultants to initiate discussions regarding their specific requirements. It’s advisable to explore the possibility of a pre-approved loan, which could be better suited for cases involving separate acquisitions of bodies and cab chassis components. Feel free to reach out to us to initiate this conversation and explore the most suitable financing solution for your unique circumstances.
Regardless of whether it is one or two purchases and finance deals, the same loan products are available as for turnkey solutions and the applicable interest rate would be the same:-
- Rent-to-Own
- Truck Leasing
- Commercial Hire Purchase
- Chattel Mortgage
Jade Truck Loan Features and Inclusions
In summary and to clarify, regardless of whether purchasing a cab chassis or a turn-key truck solutions, the features and benefits of the Jade Truck Loan would be the same:-
- All loans at our cheap truck interest rates – refer to our interest rate comparison chart to see our current rates across our loan portfolio
- Loans are available for all types of business set-ups: sole traders, owner operators, SMEs, fleet operators and family businesses
- Loans cover all leading truck manufacturers
- Fully documented and low docs, no docs options available
- No deposit truck finance available – include 100% of the purchase price of cab chassis and body in your loan
- Terms up to 7 years, negotiated individually to suit your cash flow
To discuss the loan options for your truck purchase, contact Jade Truck Loans on 1300 000 003.
DISCLAIMER: PLEASE NOTE THAT THIS INFORMATION IS PROVIDED PURELY AS A GENERAL INFORMATIVE ARTICLE AND IS NOT INTENDED AS A SINGLE SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADVICE IN REGARD TO THEIR FINANCIAL SITUATION ARE ADVISED TO REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ERRORS OR MISINTERPRETATIONS IN THE DATA, FIGURES, DETAIL AND OTHER INFORMATION AS SOURCED FROM OTHER SOURCES.
