Odin Truck Finance

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Own

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Own

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Do you own a home or are you paying off a home loan? *

Own

Paying Off

None

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Go with the right
Truck Finance

For pre-approval on Truck or Heavy Equipment Finance up to $500K, please complete this simple form. It’s easy and will give you an answer within seconds!

Same Day Truck Finance
No Doc and Low doc funding for up to $500K
Competitive interest rates
Fast approval within 24 hours
3-7 years loan terms
Borrow up to 100% without any down
payment

Who
we are.

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At Odin, we value the relationships we form with our clients and pride ourselves on ensuring each client’s experience is efficient and effective. We know how to strategically get the best result out of every bank and lender across Australia to grow your transport business the right way.

Odin’s goal is to optimise every client’s financial position, and through utilising our panel of over 50 market-leading lenders, we can guarantee a finance option with exceptional turnaround times and great value.

Our passion for finance, exceptional service and industry knowledge are all factors that have led to substantial growth in the assets we fund. Odin has the capacity to effectively deliver finance options for; motor vehicles, fit outs, agricultural equipment, earthmoving equipment, medical equipment, solar and working capital for businesses. Leave the finance to us–focus on running your business with a huge load off your shoulders.

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So why ODIN?

If you're looking for fast and expert truck loan financing, you've come to the right place. At Odin Finance, we understand the unique needs of truck owners, and our team is committed to getting you the best financing possible.

In the business for 20+ years, we’re specialists in Truck Financing, and we offer tailored products to match your customer profile. Whether you are looking for funding for personal or business, Odin Truck Finance can get the best loan for you!

We specialise in truck finance and can present our clients with funding solutions every time

No Doc and Low Doc funding options to suit your needs

Easy online Pre-Approval process provides an answer within seconds for up to $500K

All of our finance approvals are obligation-free

We deal with transport operators Australia-wide

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Things
you
should know
...

Finding a truck is never easy, but we can make the finance part simpler for you! To help you get prepared, here are some points to take into consideration before you make your next truck purchase.

For easy processing no proof of income is required when if you qualify the below:

Applicant has had ABN for 2 years
Purchasing a new or used truck through a dealer
Loan amount is under $300k
Replacement commitment whereby the new loan amount is not more than 25% higher than the original loan.

Favourable rates are offered on Trucks that are no older than 5 years old at time of purchase. Older Trucks can also be financed but payments will be higher based on the increased risk of an older asset.

Low Doc and No Doc Finance are popular options in the current market and are on offer at Odin Finance. In this case, you may not need accountant-prepared financials.

Better finance packages are offered to those that have been in business for many years, with 2+ years of financial statements and are asset-backed.

We can assist you with a business loan for non-GST registered ABNs that have no documents for up to $250k.

It is harder to source finance approvals if an applicant’s credit history is poor.

Truck purchases through a dealer settle quickly with less paperwork compared to private transactions.

Based on vehicle servicing risk of age, type of truck risk premiums may apply at Odin Finance discretion.

Frequently asked questions

Can I apply for a loan if I am just starting out?

Yes! No matter how young (or old) your ABN is, Odin Finance can help get you the loan you need. Give our experts a call today.

Do I need financials to apply?

We have access to plenty of Low Doc/No Doc options with competitive rates for those who don’t have financials or bank statements ready. No doc loans have no requirements and offer up to $250k, while low doc (bank statements only) loans can go up to $500k. There is no lending limit on a replacement facility as long as the refinanced amount does not exceed 25% of the existing loan repayment.

How old can a truck be for financing?

Most financiers only finance trucks up to 5 or maybe 10 years old. We, however, can finance trucks up to 20 years old at time of purchase. In some instances we can even go beyond 20 years old.

What will my interest rate be?

This will vary depending on the final loan you sign on, but rest assured that we will work with 50+ lenders to find the best deal for your circumstances.

What is a balloon payment?

With balloon payment, a borrower can pay less per period compared to normal repayment, but then has to settle the remaining balance in one go at the end of the term. The client has the option to refinance the balloon, pay it out in full or have the dealer pay it out when a new truck is acquired.

Do I have tax benefits with a truck loan?

Yes! It all depends on the type of truck loan taken. For chattel mortgage loans and commercial hire purchase loans, depreciation and interest can be claimed as a tax deduction, whilst the GST on the purchase can be claimed as an input tax credit. Full payment can be claimed as a tax deduction for those with a fully maintained operating lease.

What is the difference between a private sale and a dealer sale?

A dealer sale is when the sale of a truck comes from a licensed truck/heavy equipment dealer, manufacturer or auction house. A private sale involves a sole trader, partnership or private company.

Can I only borrow a truck from a private vendor or only a dealer?

At Odin Finance, we accommodate both private sales and dealer sales.

Client reviews

ITF Group

Sydney

“We have been using Louie from Odin Finance for the past 4 years to bounce ideas, gain advice and complete loans on plant and machinery. Louie has proven to be extremely helpful and articulate in providing simple results in sometimes complicated situations at very competitive rates. We found that his professional approach and prompt service was outstanding.”

AJ's Cafe

Greystanes

“Louie was very transparent from the get go. He made the process very easy when applying for my car finance. Would definitely recommend Odin Finance to anyone applying for a car loan.”

Ascon Group

Burwood

“Louie came recommended to or business about two years ago. We needed a loan swiftly for some vehicles at the time and he got on the case, amending and submitting our documents within less than a week. He is a pleasure to deal with and i would recommend Odin Finance to anyone”

Crown State

Sydney

“Louie has easily been one of the fastest and most efficient broker I have ever used. But more importantly, he actually cares about his clients and goes the extra mile for them, when there is no extra benefit for himself.”

Spectrum-16

Sydney

“I was referred to Odin finance by my accountant and Louie and the team promptly assisted my company secure finance 2 days before the end of financial year. The rose to the challenge and settle on the 30th of June. I got my dream car and the finance from the dream team at Odin finance. Thankyou to Louie and the team. I cannot recommend these pro's highly enough.”

ITF Group

Sydney

“We have been using Louie from Odin Finance for the past 4 years to bounce ideas, gain advice and complete loans on plant and machinery. Louie has proven to be extremely helpful and articulate in providing simple results in sometimes complicated situations at very competitive rates. We found that his professional approach and prompt service was outstanding.”
AJ's Cafe

Greystanes

“Louie was very transparent from the get go. He made the process very easy when applying for my car finance. Would definitely recommend Odin Finance to anyone applying for a car loan.”
Ascon Group

Burwood

“Louie came recommended to or business about two years ago. We needed a loan swiftly for some vehicles at the time and he got on the case, amending and submitting our documents within less than a week. He is a pleasure to deal with and i would recommend Odin Finance to anyone”
Crown State

Sydney

“Louie has easily been one of the fastest and most efficient broker I have ever used. But more importantly, he actually cares about his clients and goes the extra mile for them, when there is no extra benefit for himself.”
Spectrum-16

Sydney

“I was referred to Odin finance by my accountant and Louie and the team promptly assisted my company secure finance 2 days before the end of financial year. The rose to the challenge and settle on the 30th of June. I got my dream car and the finance from the dream team at Odin finance. Thankyou to Louie and the team. I cannot recommend these pro's highly enough.”