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Truck Finance & Leasing Options

Whether you're after a leasing arrangement or full ownership, Credit One has the truck funding solution for your business.


The right type of finance for your business and how the finance is structured depends on a number of different factors - your Credit One finance consultant will work with you and your accountant to help you make choices that free your cashflow and maximise your tax benefits. Every business is different - we help you with finance that delivers what you need, when you need it.

Truck finance and leasing options include:

Hire Purchase or Credit Sale Agreement:

This option is most commonly used by small to medium sized businesses.

  • Asset being purchased used as security.
  • GST claimed on the asset invoice.
  • Depreciation and interest on instalments may be tax deductible.*
  • Repayments can be structured to suit various circumstances, such as seasonal cashflow.
  • Terms vary from 6 to 60 months.
  • Interest rate fixed for the term of the agreement.
  • 100% funding available.

Finance Lease:

Also known as "Lease to Own", Finance Lease is a great option for businesses that require their rigs to be upgraded regularly.

  • Asset being purchased used as security.
  • GST spread across the instalments throughout the term of the lease.
  • Terms vary  from 12 to 60 months.
  • Interest rate fixed for the term of the agreement.
  • 100% funding available.

There are three options at the end of the lease. You can either:

  • Pay the Residual Value (final instalment) and retain ownership of the truck, or
  • Sell/Trade the truck to settle the Residual Value and replace it, or
  • Refinance the Residual Value and continue the lease until it's paid in full.

Operating Lease:

  • Operating Lease payments are fully tax-deductible.
  • There are no large, upfront deposit requirements. Leasing is a low cost, efficient financing solution that can improve your working capital as 100% of the equipment cost is financed. Rental payments are fixed for the term of the contract allowing for easy budgeting.
  • Operating Lease and agreements do not appear on your balance sheet as monthly payments are expensed on your income statement. This may improve your business’ key performance ratios, which could otherwise restrict future business expansion with your bank.
  • Leasing takes away the risks associated with ownership and disposing of the truck in today’s uncertain resale market. At the end of the term the truck is returned with no further obligation. (Subject to fair wear & tear conditions.)
  • Leasing allows your business to benefit from using the latest technology and efficiencies by maintaining a state of the art fleet.
  • Lease Agreements can be tailored to suit your individual business and cash flow needs, allowing you to have monthly, quarterly, annually or structured payments


Apply For Your Loan Online - No Waiting!

Complete an Online Finance Quote now, without obligation - or phone 0800 300 500 to talk with one of our specialists.