Truck financing is a key area of business for Jade Equipment Finance and we have developed, refined and streamlined our commercial truck financing to specifically suit the trucking and transport industry.
We’ve been assisting customers with great truck finance deals for many, many years so we know exactly the different types of businesses operating in the sector and we know how to support each of them with cost-effective finance. From the single truck owner-driver to medium-sized transport businesses to the major fleet operators.
Jade Equipment Finance offers Chattel Mortgage, Equipment Leasing and Equipment Rental for truck financing. The decision as to which finance product is best suited to your business depends on a number of issues: your accounting method, balance sheet strategy, treatment of GST, treatment of tax deductions and depreciation and of course, your financial objectives.
For all our commercial truck finance deals, the interest rate, monthly repayments and the term of the loan are fixed for the loan term. Your Jade consultant will work with you to establish the optimum repayment and loan term that best delivers the outcomes you want for your business.
All our deals feature our cheap interest rates, which we work hard to continually achieve in order to support our customers.
When applying for used truck finance, your consultant can also assist with other details such as checking title and encumbrances and other verification processes.
Speak with a Jade Consultant to discuss a financing solution for your new or used truck. Call 1300 000 003.
To arrive at the decision as to which finance type best suits both your business and your truck purchase, we recommend you ask your accountant. Your Jade consultant is fully informed on all finance types and will explain the details in plain speak.
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Chattel Equipment Mortgage Loan is by far the most popular choice for truck finance and best suits companies which use a cash accounting method. Only the interest on payments, not the total monthly repayment is tax deductible. GST is charged on any fees and charges but not on the interest and can be claimed at the time of payment.
A finance facility where the lender retains ownership of the truck and leases it back to the borrower. Beneficial to operators who are looking to regularly upgrade their fleet. GST is charged on the monthly repayments and can be claimed back.
Often known as an Operating Lease, this is an ‘off-balance-sheet’ finance facility. The lender essentially purchases the truck and rents it back to you over a set time for a set monthly payment.
The use of this free calculator is established on the end user’s knowledge as well as undertaking that the estimated payments showed does not suggest a loans quote; it does not suggest an application for any kind of finance has been lodged; it is not a suggestion that any kind of financing application has been approved. The formatting of this tool does not allow for specific information regarding any type of specific personal loan application or any lender fees and also charges. It is formatted to produce a basic outcome based upon general details and also amounts only.
After lodging a formal financing application, the quote and payment totals that you might be offered may vary from the estimate accounted by this online calculator.
The tool is not ideal for calculations on finances that are developed on a passion only basis. The format is simply established to compound interest for a set time period based on the amounts typed in by the customer.
The calculator is not planned as a device for finance decision-making. Individuals that call for finance advice should seek out a professional economic expert in relation to their circumstances. To apply for financing and also obtain a quote based upon your personal requirements, the user has to call Jade and have their individual application reviewed by among our Jade specialists.
| Lender | Loan Product | Interest Rates From | Monthly Repayment |
| Jade | Equipment Finance | 6.70%Fixed Rate | $589.80 MONTHLY |
| Jade | Business Loans - Unsecured | 14.95%Fixed Rate | $712.91 MONTHLY |
| Jade | Business Loans - Secured | 6.85%Fixed Rate | $591.92 MONTHLY |
| Jade | Overdraft - Non Bank | 14.95%Fixed Rate | $712.91 MONTHLY |
| Jade | Chattel Mortgage | 6.85%Fixed Rate | $591.92 MONTHLY |
| Jade | Operating Leases | 6.85%Fixed Rate | $591.92 MONTHLY |
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Jade
Equipment Finance
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| 6.70%Fixed Rate | $589.80 MONTHLY | |
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Jade
Business Loans - Unsecured
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| 14.95%Fixed Rate | $712.91 MONTHLY | |
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Jade
Business Loans - Secured
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
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Jade
Overdraft - Non Bank
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| 14.95%Fixed Rate | $712.91 MONTHLY | |
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Jade
Chattel Mortgage
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
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Jade
Operating Leases
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| 6.85%Fixed Rate | $591.92 MONTHLY | |
DISCLAIMER: This comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for business finance or any indication that an application has been received or approved. The rates quoted are for business use where the funds are predominately for business use and may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
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