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17 Jun Today's
best rate
Finance Trucks From
2.79 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 22/06/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Compare No Deposit Truck Loans from Leading Lenders

A no deposit loan allows you to borrow 100% of the purchase price so you want to make sure you’re selecting the lender that offers the cheapest interest rates because that can mean lower repayments. In this calculator we give you the opportunity to compare key finance products. Just enter the lending details see the repayments calculated to assist with your finance decisions.

Loan Amount
Loan Term
New Equipment Loan
2.79%
$569.75
Monthly repayment
Used Older Secured Equipment Loan
4.50%
$612.5
Monthly repayment
Business Loans - Unsecured
7.99%
$699.75
Monthly repayment
Business Loans - Secured
2.95%
$573.75
Monthly repayment
Overdraft - Non Bank
9.95%
$748.75
Monthly repayment
Chattel Mortgage
2.79%
$569.75
Monthly repayment
Operating Leases
4.60%
$615
Monthly repayment
Commercial Hire Purchase
2.79%
$569.75
Monthly repayment
Rent To Own
9.95%
$748.75
Monthly repayment
Loan Product Interest Rate
Starts at:
Monthly Repayment
New Equipment Loan 2.79%
$569.75
Used Older Secured Equipment Loan 4.50%
$612.5
Business Loans - Unsecured 7.99%
$699.75
Business Loans - Secured 2.95%
$573.75
Overdraft - Non Bank 9.95%
$748.75
Chattel Mortgage 2.79%
$569.75
Operating Leases 4.60%
$615
Commercial Hire Purchase 2.79%
$569.75
Rent To Own 9.95%
$748.75
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Disclaimer: Use of this chart is not an application for finance. The repayments shown are based on the interest rate as shown and any offer or quote you are offered may vary from that displayed as fees and charges applied by individual lenders may not have been included. The repayments shown and use of this device are not an indication of a finance quote or any indication of a finance offer.

Truck Finance With No Deposit Down

We have many options for no deposit truck finance on both new and used heavy vehicles, across the full range of heavy vehicle types from many.

Your Jade consultant can organise pre-arranged pre-approved financing, which will expedite your purchase. If you are interested in a no deposit loan quote for your impending purchase, contact Jade business Consultant for a quote on 1300 000 003.

Considerations For No Deposit Truck Loan

Your Jade consultant will source you a commercial lending product, Chattel Loan Mortgage, leases on trucks or truck rent to buy, which includes 100% of the purchase price in the total loan amount. This can be for:

For new or used purchases through a dealer, this normally includes the purchase price of the truck AND the dealer sale stamps, on-road costs and rego.

For private sales, these additional charges are not included in a no deposit deal as the rego transfer is the responsibility of the purchaser, ie you.

A 100% no deposit offer is dependent on the conditions of individual lenders, banks, and commercial vehicle loan companies. Lenders consider the valuation of a commercial vehicle compared with the total financial amount when approving these loans.

When requesting no deposit heavy truck loans, our dedicated finance consultants can arrange quotes on both with and without deposit so you can make an informed decision which best suits your business.

No Deposit Financing Does Not Apply to a Dealer Deposit

No deposit financing should not be confused with a deposit requested by a dealer, auction house or another seller on your agreement to purchase.

A deposit is normally requested for both new and used trucks mainly from dealers or auction houses.

When a heavy vehicle is being customised, or custom-built, a dealer will most likely want a deposit from you. This is called a holding deposit and can be refunded at the time of settlement if you opt for no deposit. If you want to keep your cash and cover 100% of the purchase price with the credit, we advise you to negotiate a holding deposit with the dealer/seller. Eg a credit card imprint or arrange a payment that is refunded when the truck finance company pays the full purchase price to the seller.

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Request a free finance quote by calling 1300 000 003 or directly online.

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No Deposit Truck Loans FAQs

No deposit loans tend to be customary across the truck selling and finance sector. As a leading lender in this sector, Jade provides our customers with a comprehensive selection of loans and options in structuring the loan to meet your requirements. No deposit finance can be misinterpreted so we’re providing additional details in these FAQs. If you have any extra questions that you would like addressed, please reach out to our truck loans team on 1300 000 003.

Is no deposit available on all loan types?   

Yes in most cases subject to lender approval there is no deposit offers the full portfolio of commercial finance facilities for loans and all can be secured on a no deposit finance basis. That includes Chattel Mortgage, Leasing, CHP and Rent to Own. The exceptions may be for some special application categories such as ABN only, No Docs and Low Docs Loans, or perhaps older assets.

Is the interest rate the same for no deposit loans?   

With most lenders Yes. The interest rate that you can achieve on heavy vehicle finance is based on the same interest rate whether or not a no deposit loan is requested. Few banks and lenders do offer a ceaper rate if the loan to value ratio is lower, in this case deposit could get you a better interest rate.

Is no deposit finance available on all types of trucks?   

In general, there is no differentiation across the loan portfolio based on the type of truck being financed. Truck lending can source no deposit finance on all truck classifications from light through to heavy duty vehicles and across the broad spectrum of trailers and body types.Exceptions may arise with some used trucks. Lenders will generally take into account the age and condition of the used vehicle when assessing a loan application. That may involve looking at the price being paid and therefore the no deposit finance being requested against the perceived value of the truck. If that ratio does not meet the lender guidelines, they may request the total loan amount be reduced. That would effectively mean paying a deposit. Deposit could also be asked for new business trucks, or to reduce the loan due to servicability on the income provided.

Can I add on road charges to a no deposit loan?   

When purchasing a new truck or used truck from a dealer sale you normally can include the delivery costs and registration in your loan as long as it is invoiced by the dealership and included as on road costs in the purchase amount. Private sale in most cases - the on road stamp duty and transfer costs cannot be included in the purchase amount.

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