Jade Truck Loans FAQs

Please consult with your financial advisor or accountant for each loan products taxation benefit. Standard loan products are rent to own, leasing, CHP or commercial hire purchase and chattel mortgage. The most popular is chattel mortgage where GST can be claimed upfront (if your business is structured to claim GST) and depreciation could be claimed on the truck trailer.

Maximum truck trailer loan amounts may be applied by individual lenders based on the assessment of an individual application. Most no doc and low docs will have a maximum loan amount – this averages $150,000 for banks and $100,000 for non bank lenders. Full documented loans with financials can has no maximum loan amount but are subject to lender assessemnt – this would include affordability based upon financial business income and full back position or asset strength and perhaps age of the truck trailer.

Depending on the lender or bank there are many no deposit finance options across the Australian market for truck trailer loans. Deposit may be required on some applications for a number of reasons – these could include be poor credit score, older asset, low docs and no doc truck trailer loans (where tax returns have not been completed), non property ownership, the security value (trailer) lower the the sale amount, new or newer ABN or age of business.

Yes in some cases. Some banks and lenders provide loans for a number of different configurations in regard to truck trailers. Under certain conditions, loans can be arranged one single loan for a truck and trailer even if they are bought from separate sellers. The key condition would be that the truck and trailer are purchased at the same time however depending on circumstance there may be other factors lenders also consider.Encumbrance of the assets may be lodged separately and can be released separately on agreement with the lender or bank.