For many sole traders, owning your own truck is more than a business decision, it’s your livelihood. Whether you're starting out or upgrading your current vehicle, truck finance can be a smart and tax-effective move. Here’s what you need to know before applying.

1. Have an Active ABN

Most lenders require:

An ABN that’s been active for at least 6 to 12 months
GST registration (especially for purchases over $75,000)

This helps show that your business is legitimate and earning.

2. Gather the Right Documents

To get approved for truck finance, lenders generally require:

Business bank statements (last 6 to 12 months)
A truck quote or invoice
Photo ID and proof of address
Invoices or contracts to verify income
Tax returns or BAS (for larger loans)

If you're just starting out or don't have full financials, we also offer low-doc truck finance options for sole traders.

3. Decide on the Truck

Know what you’re buying:

Make and model
New or used
Buying from a dealer or private seller
Purchase price including GST

Having this ready helps us tailor the best finance deal for your situation.

4. Understand How Truck Loans Work

We offer secured truck finance with flexible loan terms and fixed monthly repayments. The truck acts as security for the loan, helping keep rates competitive and approval times fast.

We don’t offer leasing or hire arrangements, so you own the asset from the start.

5. Work With a Broker Who Knows Transport Finance

Truck finance is not one-size-fits-all. At Hanna Lending Services, we help sole traders across Perth and Australia find the right funding, fast.

Let’s Get You on the Road

Need finance for a truck, trailer or ute? We can help. Apply online or get in touch for a quick chat about your options.

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Nathan Hanna

Director

Nathan has 10 years experience as a finance broker, helping Australians find the right loan. Nathan will work with you to get your next asset or personal finance.