How to Finance a Food Truck and Get Your Business Rolling
Starting a food truck is an exciting way to turn your passion for food into a thriving business. Whether you dream of serving up gourmet burgers, authentic tacos, or artisanal...
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Commercial Hire Purchase
Take control of your business cash flow with a commercial hire purchase from Credit One. This flexible finance option allows you to use the vehicle while making structured repayments, with full ownership transferred at the end of the loan term.
Still looking? Don't stress. Getting a quote costs you nothing and doesn't impact your credit score.
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Drive Now, Own Later with a Commercial Hire Purchase
Drive Now, Own Later with a Commercial Hire Purchase
Credit One offers commercial hire purchase for trucks, giving you a smart way to get the vehicle you need without a large upfront cost. Instead of buying the truck outright, the lender purchases it on your behalf. You then make regular repayments, and once the final payment is made, ownership transfers to you.
This finance option allows you to spread out the purchase price over time while keeping your business moving. Whether you’re adding a reliable workhorse to your growing operation or building out an entire fleet, we’ll help you structure a repayment plan that suits your cash flow and goals.
Fast Approval and Finance That Fits Your Business
When your business needs a truck, waiting weeks for approval isn't an option. That’s why we focus on fast, efficient business finance, with most commercial hire purchase applications approved in 24 hours or less.
This option allows you to secure the vehicle you need while spreading the cost over a set hire period which can be much better for your budget. A commercial hire purchase may also offer potential tax deductions on interest and depreciation, helping you reduce expenses over time.
Not sure if it's the right fit? Our finance specialists are here to help you compare solutions and find the option that best supports your business needs now and into the future.
Our Quick and Simple Application Process
01
You’ve Found Your Dream Truck
02
One minute
We’ll recommend a loan based on your finances and the truck you want.
03
5 minutes
We’ll submit your application and negotiate all the terms for you.
04
1-2 hours
Once the loan is approved, all you have to do is sign and begin making your payments.
Your adventures begin!
Once the lender has paid the seller, you’ll drive away in your truck.
Easy Application, Flexible Loan Terms
Easy Application, Flexible Loan Terms
No two businesses are alike, and your loan should reflect that. We’ll help you build a repayment structure that suits your financial situation, whether you prefer weekly, fortnightly, or monthly instalments.
With fixed repayments over a fixed period, you can plan ahead with confidence. If you want to keep your regular payments lower, we can include a balloon payment at the end of the loan, giving you more flexibility to manage cash flow and invest in other business assets. Our team will tailor a setup that works for your goals and keeps your business moving forward.
Why Choose Credit One for Commercial Hire Purchases
Easy Applications with Fast Approvals
Need truck finance fast? Credit One makes it simple with a quick 60-second quote and same-day approvals. Our online application is obligation-free and hassle-free, getting you on the road sooner.
Flexible Truck Finance Options
Finding the right truck loan is easy with Credit One. Our finance specialists assess your needs and compare options from a wide range of lenders to secure a solution tailored to your business or personal circumstances.
Competitive Rates with Low Fees
We offer finance packages with low establishment fees, no ongoing charges, and competitive interest rates. Whether you're financing a single truck or an entire fleet, we can structure a loan that suits your cash flow and budget.
Recognised for Outstanding Service
As an award-winning finance broker, we provide independent advice to help you secure the best loan for your needs. That’s why Credit One has been recognised as ‘Broker of the Year’ for three consecutive years.
Specialists in Truck Finance
Our dedicated truck finance consultants are available seven days a week to assist with your application. Call us today on 1300 338 326 or request a callback to explore your finance options.
Access to Leading Lenders
With connections to over 40 trusted Australian lenders, including major banks and specialist finance providers, we can connect you with lenders not available directly to the public.
FAQs on Commercial Hire Purchases
How does a commercial hire purchase work?
With a commercial hire purchase, the lender purchases the truck on your behalf, and you agree to make regular repayments over a set term. During the hire period, the lender owns the vehicle, but you have full use of it for business purposes. Once the final payment is made, including any balloon payment if applicable, ownership of the truck transfers to you. It's a straightforward way to finance a vehicle while keeping long-term ownership in sight.
Who can apply for a commercial hire purchase?
A truck commercial hire purchase is available to business owners, sole traders, and ABN holders who need a truck or heavy vehicle for commercial use. It's a flexible finance option suitable for a wide range of businesses, from startups to established small businesses.
We take the time to understand your own circumstances and tailor the loan structure to suit your goals, cash flow, and long-term plans. If you're using the vehicle primarily for business, this could be a strong solution for your next purchase.
What types of trucks can I finance with a commercial hire purchase loan?
We offer finance for a wide range of commercial vehicles through a commercial hire purchase loan, including trucks, trailers, tippers, heavy-duty vehicles, construction equipment, and other work vehicles.
Whether you're purchasing a new or used vehicle, we can help you secure a finance solution that suits your business needs and keeps your operations moving.
Whether you're purchasing a new or used vehicle, we can help you secure a finance solution that suits your business needs and keeps your operations moving.
How fast can I get approved?
Most commercial hire purchase applications are approved within 24 hours, so you can move forward with your truck purchase without unnecessary delays.
Do I need to pay a deposit?
Some lenders offer 100% finance, while others may require a deposit depending on the vehicle, lender, and your financial profile. We’ll help you explore the best option for your business and structure a loan that suits your needs.
Can I reduce my repayments with a balloon payment?
Yes. Including a balloon payment at the end of the loan term is a great way to reduce your regular repayments. This gives you more room in your budget while still working toward full ownership of the vehicle.
Are there tax benefits to a commercial hire purchase?
In many cases, you may be able to claim GST credits, interest expenses, and depreciation as tax deductions. We always recommend seeking independent tax advice to understand how these benefits may apply to your specific situation.
Can an I pay off my hire purchase before the end of the hire period?
Yes, many lenders allow you to make early repayments on a commercial hire purchase. However, fees or conditions may apply and can vary depending on the lender and the structure of your agreement.
If paying off your loan amount early is a priority, we’ll help you find a finance option with flexible terms to suit your needs. Our team can also guide you through how early payout may impact your monthly repayments and overall cost, so you can make an informed decision.
If paying off your loan amount early is a priority, we’ll help you find a finance option with flexible terms to suit your needs. Our team can also guide you through how early payout may impact your monthly repayments and overall cost, so you can make an informed decision.
Can I finance more than one truck with a hire purchase?
Absolutely. If you're expanding your operations, we can help you finance a single truck or an entire fleet under a commercial hire purchase agreement. We’ll structure a solution that supports your growth goals, similar to how all Credit One business loans are tailored to meet evolving needs.
How do I apply for a commercial hire purchase?
Applying is easy. You can get a free quote online or speak directly with one of our finance specialists. We’ll guide you through the process, answer any questions, and help you find the right loan structure to suit your business and budget.
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