Trailer Finance

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Easy trailer finance

Growing and expanding your business is all about having the right equipment. And to have the right equipment, you need the right finance. The trouble is, knowing what options are out there and which one is fast, easy, and the best fit for your business.

You can finance any type of trailer for your business with a trailer loan. Through Oceania Finance you can borrow up to $250,000 on a secured, 5-year loan. With easy monthly payments at a fixed interest rate, you’ll have your trailer paid off in no time.

When you’re looking for the easiest commercial trailer loan for your business, look no further than Oceania Finance.

What types of trailers can you finance?

No matter what type of trailer you’re looking to finance, Oceania Finance can help. Here are some common trailers and heavy transport equipment that keep Australian businesses on the go:

• Enclosed trailer
• Equipment trailer
• Horse trailer finance
• Livestock trailer
• Camper trailer
• Dump trailer
• Tool trailer
• Semi trailer
• Car trailer
• Truck trailer
• Boat trailer
• Lawnmower trailers
• Tipper trailers
• Machinery trailers
• Flatbed trailers
• Refrigerated trailers
• + More

Trailer finance options

There are a lot of business vehicle finance options for new or used trailers in Australia. We’ve outlined some of the most common loan types below.

If you want to discuss your options further, reach out to our friendly team of brokers.

• Business trailer loan: A secured business loan to be used specifically for the purchase of your trailer/s. You own the vehicle immediately and pay off the loan over the course of 5 years.
• Business loan: Business loans can be secured or unsecured. They tend to have a higher maximum borrowing limit than trailer loans.
• Finance lease: With a finance lease, you pay a monthly payment for a set lease term. At the end of the lease, you have several options. You can return the trailer, trade it in, or you may be able to pay the remaining cost and take ownership.
• Chattel mortgage: A type of secured loan. It uses the intended trailer/s as security for the loan. The trailer is paid for with the loan and you become the owner at the time of purchase. Once you finish repaying the loan, you will own the vehicle outright.
• Commercial hire purchase: A rent to own finance arrangement. You pay a scheduled hire fee for the trailer over a set period of time. During this time you can use the equipment but you do not own it. And after the agreement ends, you pay off the trailer and become the owner.

How to finance a trailer

Here’s the typical process involved in getting new or used trailer finance in Australia:

• Review trailer loan lenders and options – there are many banks and private lenders in Australia that offer trailer loans for businesses.
• Check your credit rating – you can find when to get a free credit history report here. This is important to know before you begin as it will impact eligibility, borrowing power, and interest rates.
• Decide on a lender – review your options carefully before you make your decision.
• Complete the loan application – most major banks and private lenders will have an online application available.
• Submit your supporting documents – including personal identity documents, business verification, ABN or ACN, details on the truck or trucks you intend to purchase, and any further information about assets and liabilities.
• Wait for further contact from the lender – often they will seek to verify or ask for more information.
• Receive an offer – review the document carefully to ensure everything is correct.
• Sign the loan agreement – only sign if you are happy with the terms and fees.
• Take possession of your trailer – you can start using your trailer right away once the funds have been paid.

Loans for every business

Need a business loan for another reason? Learn more about these loans below:

• Truck finance
• Equipment loans
• Car loans