Truck manufacturers have streamlined the truck purchase process by offering new trucks in specific categories that are "work-ready" with the most sought-after body configurations. Depending on the industry, its application, and individual use, buyers can either opt for a 'work ready' truck or procure the truck cab and body separately. Acquiring a separate body becomes essential for applications demanding a unique or tailored body configuration.
For many operators, choosing a specific body manufacturer over the truck manufacturer's body offering stems from various reasons. Some may want to ensure their choice aligns with the results they obtained from a Truck Finance Calculator. For others, it's merely personal preference, while some base their decision on cost considerations.
In both the specific transport sector and across the industry in general, cost pressures are an ongoing and increasing burden on business cash flow and achieving future financial objectives. If there’s a dollar to be saved somewhere along the line without compromising safety, compliance, quality, and other non-negotiable trade-offs, it's worth diving into the details to make an informed decision.
And then there is the issue of the truck loan. The choice of buying a work-ready truck over a custom set-up raises the question of whether or not there are any differences in the truck loans for each option.
At Jade Truck Loans we take saving our customers money as a priority. Achieving the cheapest truck finance interest rates on every truck loan is our focus regardless of which set-up you purchase. We dive into the ‘ready or not’ conversation to explain what, if any, loan differences exist, especially around cost.
Work-Ready Truck Market
There is a number of manufacturers offering work-ready trucks. These tend to be focussed on the most popular bodies and those with a wider range of general applications.
These include:-
- Fuso Built Ready Canter: Canter Range, Tipper and Alloy Tray.
- Fuso Fighter Tipper
- Isuzu Ready to Work: Tradepack, Servicepack, Traypack, Tippers, Vanpack, Freightpack
- Hino Built to Go 300 Series Tipper, Tray, Steelace and 500 Series Tipper
- UD Trucks launched a Quon Ready to Work model with its rigid tipper offer.
Truck Loan Options
When investing in a new work-ready truck with a manufacturer-supplied body or tray, Jade Finance ensures affordable loans for the complete vehicle. Generally, the loan's components, especially the interest rate, remain unaffected by the truck's nature.
Factors determining the interest rate and specific loan conditions are usually more about the applicant than the truck itself.
When buying the truck cab and body separately, one can combine the costs of both under a single truck loan, provided they're procured simultaneously. This ensures the loan encompasses both the cab and custom body costs.
A key takeaway is Jade Truck Loans’ vast network of lenders, enabling us to offer competitive interest rates and loan terms, often outshining truck manufacturer or dealer finance options.
For distinct purchases, consider a pre-approved truck loan. Your Jade consultant can process your application based on your estimated costs, finalizing the loan upon agreeing on the prices with sellers.
Differences might arise in relation to the total loan amount for specific applicants, especially concerning low docs, no docs, or ABN-only truck loans. To understand the nuances of your truck loan, we recommend consulting a Jade expert.
The types of loans available for work-ready and rolled-in truck and body purchases include:-
Clearly there are benefits to having one rather than two loans for truck and body with just the one fixed repayment each month.
Jade Truck Loans feature a fixed interest rate, fixed repayments, fixed loan term and option for balloon or residual. Each loan is individually negotiated with the lender that makes the cheapest offer so you are assured of the cheapest truck deal achievable for your requirements.
So, how can we achieve such cheap interest rates? At Jade Truck Loans, this is a question we've tailored our services to answer, ensuring our customers get the best deals that suit their needs.
New v Used Truck Loan Differences
The preceding conversation centers around the acquisition of new trucks. Distinctions in loans are more probable when comparing new and used truck purchases, whether they are acquired as fully equipped work-ready units or as separate truck and body purchases. Variations in interest rates for new versus used trucks, total loan amounts, and other terms and conditions may come into play.
To discuss a work-ready truck loan contact Jade Truck Loans on 1300 000 003
DISCLAIMER: THIS ARTICLE INCLUDES DATA, SPECIFICATIONS, INFORMATION AND OTHER MATERIAL WHICH HAS BEEN ACQUIRED VIA VARIOUS SOURCES, GENERALLY AVAILABLE IN THE PUBLIC DOMAIN FROM MANUFACTURERS, GOVERNMENT ORGANISATIONS AND SUPPLIERS. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN THE PRESENTATION AND INTERPRETATION OF THIS INFORMATION. THE ARTICLE IS PROVIDED FOR GENERAL INFORMATIVE PURPOSES AND NOT AS THE SOLE BASIS FOR MAKING FINANCIAL DECISIONS. IF ADVICE ON INDIVIDUAL FINANCES IS REQUIRED, IT IS RECOMMENDED THAT READERS REFER TO A FINANCIAL ADVISOR.
