Equipment Finance for Transport Companies

Equipment finance in this sector is well understood by Australian lenders, and companies generally have access to a deep panel of funders who know the assets, the resale market and the seasonality of the work.

The core structure is a chattel mortgage secured by the truck, with terms usually between three and seven years and repayments matched to how the equipment earns. Where income is lumpy — contract-based, seasonal or harvest-driven — many lenders will accommodate structured or seasonal repayments, a balloon at the end, or a short initial payment holiday while the asset is commissioned.

Lenders assess time in business and industry experience, contracts or work on hand, existing equipment and finance commitments, and the resale depth for the specific make and model. Assets with a strong secondary market attract higher advance rates and longer terms; highly specialised or purpose-built units may need a deposit of 20–30 per cent. Established operators with property backing frequently qualify for low doc approvals with no financials required, often up to $250,000 or more per asset.

Lonix brokers place these deals across bank, second-tier and specialist asset lenders, so the structure fits the way the business actually generates revenue rather than a generic credit template.