Get a Cracking Deal on Truck Finance with AFS!
Looking to get behind the wheel of a new or used truck? At AFS, we make truck finance simple, fast, and hassle-free. Whether you're an owner-driver, running a fleet, or upgrading your rig, we’ll find a competitive loan tailored to your needs. With flexible terms, low rates, and a smooth approval process, we help you secure the right finance solution—so you can keep your business moving. Get in touch today and let AFS put you in the driver’s seat!
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Frequently Asked Questions (FAQs)
How do truck loans work?
What is a secured truck loan?
A secured truck loan uses the truck you're purchasing as collateral for the loan. AFS provides a range of truck loan options designed to suit different borrowers' needs*.
What are the benefits of a truck loan?
The main advantage of a truck loan is that it enables you to purchase a truck without paying the full amount upfront. Many buyers may not have the savings to cover the entire cost or might prefer to use their funds elsewhere. Plus, if you need a truck urgently, you won’t have to wait until you’ve saved the full amount.
What is a balloon payment?
A balloon payment, also referred to as a residual payment, is a lump sum due at the end of a truck loan term to complete the contract. The advantage of this is that it lowers your monthly repayments throughout the loan term. However, it means you'll pay more interest over time, and you'll need to prepare for the final balloon payment. Contact an AFS consultant today to learn more about balloon payments.
How long will it take to approve my loan application?
Once you've submitted your loan application, approval is conditional pending credit checks and verification of the information you have supplied. Approval is usually obtained within 48 hours, subject to satisfactory credit checks and verification of financial information. Your Loan Account Manager can provide more information about documenting your loan and the settlement process.
What do l need to apply?
To ensure applying online is straight forward, we suggest you gather a few key documents so that you have the information at your fingertips.
Here is a checklist outlining all necessary information you should have at hand before applying.
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Your full name
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Your date of birth
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Your current driver's licence number and expiry date
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If you do not have a current driver's licence, provide details of your passport, including its number, place of issue, and expiry date.
Your Residential Details
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Your current residential details
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If you have not been living at your current address for at least 3 years, the details of your previous address
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If you have a mortgage, or have recently applied for a mortgage, the details of the monthly payments
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If you are renting or boarding, the details of your landlord/real estate agent including Name and Telephone Number.
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Things you should know
1 All loans are subject to affordability, suitability and verification.
* Interest rate (Annual Percentage Rate/APR) is only applicable for new goods that have not been pre-owned, where the amount borrowed is between $35,000 and $150,000 and where the applicant owns or is buying a property and has an established good credit history. Finance subject to approval, including the application lending criteria. Terms and Conditions apply. Fees and Charges are payable. Interest rates vary depending on the applicant's credit score and associated credit risks. Credit provider is Automotive Financial Services Pty Ltd - Australian credit licence 383 762.
^ Comparison rate for AFS Loan Contract and Mortgage is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applied only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
** Seven year loan terms by request only.
- If you use a licenced finance broker to assist you in applying for credit, there may be other fees and charges payable, such as a finance broker fee or Origination Fee. AFS enables you to finance an Origination Fee as part of the amount of credit up to a maximum value of $990 including GST. An Origination Fee represents the finance broker's fee to provide credit assistance to you. It is a one off fee that is only payable if you proceed with the suggested credit contract. Under the National Credit Code, a Finance Broker is required to give you their Credit Guide, a Credit Quote and, at the same time as providing assistance to you, give you a Credit Proposal Disclosure document which will details all the fees and charges payable and if any commission will be received by the finance broker.
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