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Truck Loans Sydney

Do you require a truck loan that is beyond dealership restrictions on financing? Perchance you require a pick-up truck for commercial reasons, but your conventional financier doesn't provide such loans. Longman on the other hand can help you purchase your desired truck – old or new.

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Finance your truck loan with Longman Loans

Do you require a truck loan that is beyond dealership restrictions on financing? Perchance you require a pick-up truck for commercial reasons, but your conventional financier doesn't provide such loans. Longman on the other hand can help you purchase your desired truck – old or new.


Truck Asset Lease

An Asset Lease allows the customer to have the use of their truck and the aids of ownership, even though the financier holds actual ownership of the truck.


Process

The financier buys the truck on behalf of you, who will then pay the financier a fixed scheduled once-a-month lease rental for the period of the lease.

At the end of the lease, you can return it for sale or trade truck and lease an advanced model. Customarily, it is often possible to pay out the residual value and receive title to the truck that is leased.


Commercial Hire Purchase

Commercial Hire Purchase (CHP) is also known as a Corporate Hire Purchase, Hire Purchase or Offer to Hire, and is often abbreviated as CHP or HP.


Process

Under a Commercial Hire Purchase arrangement the financier purchases the truck on your behalf and then hires it back to you over a set tenure.

You have use of the truck for the tenure mentioned in the contract but you will not be the owner.

Ownership of the truck is conveyed to you once you make the closing payment.


Chattel Mortgage

A chattel mortgage is a commercial loan product through which the customer is entitled to the ownership of the truck since the very time of purchase.


Process

Under a Chattel Mortgage the financier advances funds to you to purchase the truck, and you will have ownership at the time of acquisition.

The financier will then take a mortgage over the truck as security for the mortgage.

Once the contract is completed, the charge is removed giving the customer clear title to the truck.


Does my credit score affect my loan?

Yes. It will.

Most financiers will look at your credit history, including Longman Loans. If you are certain that you have bad credit, you may be willing to consider improving it before you apply. If you are not sure about your credit score, we can help you find it out, cost free, with no agreement or obligation.

Construction Loans

Building your own home? You need a construction loan to make your dream a reality. Call Reliance Home Loans for a consultation.

Debt Consolidation

Need to get your debts in control and streamline your payments? Call Reliance Home Loans for a consultation.

First Home Buyers

Ready for your first home? Make sure you do everything right. Call Reliance Home Loans for a consultation.

Investment Property Loans

Planning to buy an investment property? We can help with the loan as well as investment advice. Call Reliance Home Loans for a consultation.

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