Fleet Finance For Trucks and Heavy Vehicles
If you need more horsepower for new clients or want to enhance transport efficiency, fleet financing is the best way to get more vehicles on your business’ books.
At Loans Unlimited, we take the stress and headaches out of truck and car loans to help WA businesses secure funding for multiple vehicles. Provide us with a few details about your business and the fleet you’re after, and we’ll find a lender to make it happen!
Click ‘Apply Now’ to start your application today or learn more from the Loans Unlimited crew.
What is Fleet Financing?
Fleet financing allows you to secure funds to purchase several vehicles for business use. That could be just a few delivery vans or a large number of prime movers.
This type of financing is what keeps WA transport operators on the road. If your business relies on a fleet for daily operations and cash flow, it’s certainly worth a look.
How It Differs From Standard Truck and Vehicle Loans
This isn’t just a bulkier truck loan, it’s built to work with your business structure.
Instead of applying for an individual loan for each vehicle, you’ll instead lodge a single application with unified repayments, consolidated paperwork and perhaps even some tax benefits. We’ve streamlined the process to accommodate for GST, acquisition plans and bulk discounts.
Our crew knows a host of truck-friendly lenders willing to work with commercial operators. They’ll help you find the right loan for your setup, whether you’re buying two vehicles or twenty.
What Types of Vehicles Qualify?
A “fleet” doesn’t have to mean a row of identical hatchbacks. At Loans Unlimited, we help WA businesses finance trucks, prime movers and other vehicles tailored to their industries:
Utes and dual cabs
Vans and delivery vehicles
Trucks and prime movers
Company cars
Speciality vehicles
Whatever you’re after, our crew will match you to a lender who can provide a simple, scalable loan.
Why Commercial Fleet Loans Work
Choosing to package vehicles into one loan can provide several advantages:
Cost Management
Fleet financing means you can acquire all of the vehicles you need without a significant upfront financial burden. By spreading the cost over time, you can manage cash flow more effectively.
Flexibility
This financing model is flexible and we’ll be able to find a lender happy with the repayments, interest rates and loan terms that work for you. Just choose the option that works best for your business.
Scalability
Building utes, vans or trucks into one finance package allows you to scale up as your business grows. This makes it easier to expand operations without the financial strain of outright vehicle purchases.
Tax Advantages
In WA and throughout Australia, financing costs, depreciation and other vehicle related expenses can bring about tax benefits. Consult your accountant or a member of our crew to understand which advantages apply to your situation.
How to Get the Most Out of a Fleet Loan
Fleet financing can come in many different shapes and sizes. To find the solution that works best for your business, consider the following:
Assess Your Business Needs
Don’t overshoot. Evaluate the scope of the fleet you need and the size of the vehicles within it. Think about current and future business demands to determine what’s actually necessary.
Compare Financing Options
Speak with our crew to learn about the different options offered by each lender. Compare interest rates, loan terms and deposit minimums to find the most effective solution for your business.
Consider Vehicle Types
Lenders offer different deals depending on the vehicles in your fleet. Some offer better terms for environmentally friendly options, while others specialise in a particular type of vehicle. Loans Unlimited can match you to a lender who understands what you’re looking for.
Understand the Terms and Conditions
Once your application is approved, read all the Ts & Cs as many times as you can. Pay special attention to interest rates, repayment schedules and any early repayment penalties to make sure the deal lines up with what your business can afford
Applying for Truck and Heavy Vehicle Finance with Loans Unlimited
Although the process is still simple, applying for packaged vehicle finance isn’t the same as a regular loan:
1. Prepare Documentation
Gather necessary documents like bank statements, vehicle quotes and proof of business operations.
2. Develop and Submit Your Application
Our crew will look at your documentation and help you create a lender-friendly application. Don’t worry, we’ll do most of the heavy lifting!
If it’s more convenient, you can opt for online car and truck finance.
3. Review Approval Conditions
Our crew will match you with one of 40+ commercial truck lenders and negotiate the best terms possible. Once approved, review the Ts & Cs and make sure they meet the needs of your business.
4. Finalise Agreement
Sign on the dotted line and get your drivers out on the road!
Apply Now and Get Approved for Truck Finance Today
Whether you’re ready to finance a dozen trucks or two delivery vans, Loans Unlimited are here to help you through every step of the application process. With our support, businesses across WA have secured fast and flexible transport finance.
Click ‘Apply Now’ to get started and hear back from our crew in as little as one business day!
FAQs
Can I refinance an existing fleet with Loans Unlimited?
It is possible to refinance vehicles under a better structure or rate. This can simplify your repayments and improve cashflow, especially if circumstances have changed since you first developed your fleet.
Do all of the vehicles need to be the same make or model?
Not at all. You can finance a mix of trucks, cars and other vehicles to match your operational needs. We’ll help you structure a loan that supports all options in one solution.
Is it available for sole traders or small ABN holders?
Yes! Fleet financing isn’t closed off to large companies or wealthy individuals. Many of WA’s small businesses will finance two or more trucks or cars to enhance operational efficiency. Loans Unlimited is proud to help them with traditional and low doc truck finance options.
Can I include vehicle technology or upgrades in truck or heavy vehicle finance?
Depending on your loan structure, yes. Lenders are usually more than happy to include things like toolboxes, signage and GPS systems in the total loan amount. Just let us know what you need and we’ll develop your application accordingly.