With truck sales down compared with 2025, operators who have held off due to recent rate rises, can contact Jade Truck Loans for the best truck loan rates. Secure cost-effective finance to affordably acquire their necessary new vehicles. While the May truck sales figures show just over 16% increase on April figures, the market is down around 13% to where sales were at the comparable 2025 period. May 2026 is also below May 2025. Isuzu remains the best-selling brand in total sales. Top selling brands in the heavy-duty segment were Kenworth, Isuzu and Volvo. The medium duty category is significantly down on the figures from May 2025. The top three – Isuzu, Fuso and Hino remain the top sellers in this sector, these three also continue to dominate in the light duty segment sales.
The softer sales figures reflect the trend that has been seen throughout the year. The reasons being attributed to the situation include the high diesel prices and overall economic conditions. Three consecutive rate rises by the Reserve Bank will no doubt be contributing to the situation, with operators likely to be deferring or cancelling plans to upgrade to new vehicles due to the higher rate market.
Having to defer vehicle upgrades and replacements due to operating conditions, especially the cost of finance, can be a blow to the business. Missing out on the potential advantages that renewing and upgrading assets can deliver. Upgrading vehicles can deliver significant benefits with improved efficiency and productivity, streamlined operations, increased output and potentially increasing profit.
At Jade Truck Loans, we support operators with their most affordable financing solutions, customised to suit their specific requirements. While the rate market has risen as a result of recent RBA decisions, the markets appear to be leaning towards no further rises this year and no cuts. Rates should remain steady in coming months, if the cost of finance is the reason you haven’t upgraded your vehicles, consider the opportunities which we may have available for you.
Securing Best Truck Loan Rates
Variations in rates are seen across the market with different credit facilities and with different lenders. While selecting a credit facility – Chattel Mortgage, Lease, CHP, Rent-to-Own, is determined by the accounting method and business set-up, selecting a lender is a choice. Operators can choose which lender they would like to provide their asset finance.
Lenders set their own rates in the asset finance market, with RBA rates an overriding determinant of the basis for most lender rates. The more competitive the lender is and the more interested they are in lending to a certain industry, the better their rate offers may be. The challenge for operators is finding that elusive best rate lender – quickly and efficiently. Not an easy task with busy schedules and deadlines to be met.
Lender choices include banks, finance companies, some vehicle manufacturers, brokers and specialist non-bank lenders. The choice to use a broker can deliver significant benefits. Using a broker can provide a simple, direct channel to non-bank lenders that specialise in heavy vehicle financing and potentially, a better interest rate than some other lenders. Compare our current rates with others you may source as a guide to our competitiveness.
Operators may also take action to improve their rate prospects. Use a trade-in where possible to reduce the loan required rather than taking cash from the dealer for the trade, a smaller loan to vehicle value may attract a lower rate. Where possible, also reduce other debts before taking on new finance to improve the balance sheet.
Best Truck Loan Rates for New Operators
While there is no good timing for a rate rise, the latest rate increases have not happened at an ideal time for those planning to launch a new business at the start of the new financial year. Individuals looking to buy vehicles to start up as contractors and owner-drivers may be deterred with the higher finance costs they may be facing. Without full financials, a higher rate is to be expected for new operator loans.
Operators in this position can access our specialist lenders for No Docs and Low Docs Truck Loans and their best possible rates. Consider applying for pre-approved financing to assess your options and the possibilities of moving forward with your set-up plans. Keep in mind that should rates fall significantly during the loan term, the opportunity may present to achieve a better rate through refinancing.
Plan Upgrades with Best Truck Loan Rates
If you’re vehicle upgrade plans are on the back burner and you’d like to get them back on track, use our Truck Finance Calculator for loan estimates and budgeting. See how affordable your loan may be with our highly competitive rates. Consider pre-applying for a specific offer to get your business moving.
If you’re purchase plans are on hold due to the rate scenario, contact Jade Truck Loans for your best truck loan rates. Call 1300 000 003.
DISCLAIMER: THIS INFORMATION IS ISSUED PURELY FOR THE PURPOSE OF GENERAL INFORMATION PROVISION. IT IS NOT TO BE TAKEN AS THE ONLY SOURCE OF INFORMATION FOR BASING FINANCIAL DECISION-MAKING. THOSE REQUIRING FINANCIAL GUIDANCE AND ADVICE SHOULD CONSULT WITH THEIR FINANCIAL CONSULTANT OR ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATION OF POLICIES, DATA OR ERRORS IN THIS CONTENT.
