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