Trailer Finance

No. Our service is completely complimentary for you to use.

We can finance any trailer you are looking to purchase for your business. These include but are not limited to: Dropdeck Trailers, Dolly Trailers, Low Loader, Refrigerated Trailer, Skeletal Trailer, Tanker Trailer, Tipper Trailer, Dog Trailer, Grain Trailer, Side Tipper Trailer, Horse Float Trailer, Drake Trailer, Livestock Trailer and many more. Please know that no matter what trailer you are looking to purchase we will have the perfect finance solution for you.

We pride ourselves on making trailer finance convenient and comfortable with as minimal paperwork as possible. Every finance application is unique to us and that’s starts with getting to know you and your business.

Simply give our specialists a call on 1300 842 911 and they will have a five-minute phone call to run you through the strategy for your approval and the key items we will need. The best part is due to our experience will be able to give you a good estimate of what kinds of rates and repayments will be over the phone in our introductory call.

Please don’t feel that you will need to give us a mountain of information. We strategically know exactly how to secure your trailer finance approval with only the key important items required. You will be pleasantly surprised at how little information we can sometimes require and still have you approved with a major bank for your trailer loan.

Absolutely not! Yakka Finance has access to a wide variety of low documentation finance offers that the major banks and other financiers offer us to secure your approval. Please don’t feel like you have to provide us with a lot of information in order to secure your trailer finance approval. When we speak to you over the phone, we will know exactly what key items to obtain from you to secure your trailer finance approval. It might surprise you on how little information we need.

Other key items we can utilise include a Good Finance Reference on one of your other Truck Loans or Trailer Loans, recent BAS Statements or Bank Statements just to name a few examples instead of having to provide your financials.

Yes we do! Low Doc Trailer Finance means we only need a very small amount of documentation to secure your trailer finance approval. Most of the time with absolutely no proof of earnings or profits. Our specialists can run you through how effortless it is to secure a Low Doc Trailer Finance approval over the phone in 5 minutes. Feel free to call us on 1300 842 911 to find out how little documentation we need for your trailer loan approval.

You can borrow as much as you need for the full purchase of the trailer of your choice. For Trailer purchases this is normally from $20,000 up to $2,000,000 depending on your trailer and how many trailers you would like e.g. updating your whole trailer fleet. Some banks and lenders will require deposits whilst others won’t require any deposit. We will find out exactly what you’re purchasing and walk you through the strategy of what is required on your trailer finance depending on your total loan amount.

This is a very common question that is always essential to ask. We love this question as we have managed to secure market leading interest rates that start from 4.99% for brand new trailer purchases.

The key thing here is that every customer is different, and all are in a different stage of their business journey. Our biggest goal at Yakka Finance is we want to look after you and your business for the lifetime that you are trading. That means we want to finance every single trailer your business ever purchases.

The only way we have so many loyal customers is our service is great and we can secure market leading interest rates. If our interest rates were high, we would never ever have the amount of loyal business owners that use our finance services every single day.

The big advantage for you and your business is because of the volumes of trailers we finance and the quality of our application submissions we are offered preferential interest rates from the banks that not all finance brokerages are able to secure. This is a big advantage to our business to keep our customers happy but also a huge advantage to your business.

There are many factors that can influence the interest rate on the trailer you have decided to purchase.

Here are some key considerations that can influence the interest rate:

• How long you have been in business for? (E.g. Brand New Business or an established business trading for over 2 years)
• If you are purchasing your trailer from a Licensed dealership or a trailer from a Private Seller
• What the specific year build the trailer is. For example, a brand new or near new trailer would secure a much lower interest rate compared to a trailer that is much older with a 2003 year build trailer.
• If you or your spouse is a Property Owner or if you are currently renting
• Your total trailer loan amount. The higher the trailer loan amount the lower the interest rate can be.
• If you have had trailer or equipment finance before and if your repayment history has been good or bad
• If you have a clean credit file or a credit file with a low score

Yes, we can finance a trailer no matter how old the year build is. So, the answer if you wanted to finance a 1998 Freighter Trailer is… yes we can finance it. The answer is always yes to financing old trailers.

We can usually obtain a trailer finance approval within 24 – 48 hours of receiving all your details. Let us know your timeframe and we will work with you to get the trailer approved and settled with the most appropriate lender due to the time you are needing your new trailer by. The bigger the trailer loan amount (Above $250,000) can sometimes slow the application process down by a day or two as more documentation needs to be assessed and put together for your approval compared to another trailer only costing $150,000 which will have a faster assessment time.

The average trailer loan term is between 3-7 years (36 to 84 months). The choice of loan term is ultimately your choice. The shorter the term would result in a higher monthly repayment as you are paying the loan off on a shorter loan period. If you ever want to play around with what Loan Term works for you on your trailer . Have a play with our easy to use Trailer Finance Calculator – https://yakkafinance.com.au/finance-calculator/

A balloon payment is a lump sum which is owed to the lender at the very end of your trailer loan term, after all your regular monthly repayments have been made. It allows you to repay only part of the principal amount of your trailer loan over the term you request. The reason for having a Balloon Payment is that it allows you to lower your monthly repayments for cashflow purposes.

When it comes to end of your loan contract, and you will still have your Balloon Payment to deal with. It is a very straightforward process to refinance your balloon payment at the end of your loan. Alternatively, you can trade the trailer in for a new one or sell your trailer to another party which if structured correctly should be more than the balloon payment you owe.

It is completely your choice whether you want a balloon payment in your loan structure to reduce your monthly repayments or not. We can workshop this with you to make sure the repayments suits you and your transport business.

Funnily enough we look after over multiple Trailer Dealerships in Australia who use Yakka Finance as their finance partner. The reason why Trailer Dealerships use Yakka Finance is that we are experts on trailers and the transport industry. We are also very skilled at getting their customers trailer finance approved and we secure them low rates, so they are happy to go ahead with the trailer purchase.

Some other Trailer Dealerships might offer their own Vendor Finance and with only have a very limited amount of options in regards to a finance offering to their prospective buyers. This can result in very limited flexibility and not allow them to secure the most cost-effective deal they could.

We are more than happy to offer our advice and let you know if your Trailer Finance approval is competitive or not. Just call us on 1300 842 911.

Yes, financing a trailer from a Private Seller is very common and we do these types of transactions all the time. Business owners love finding a great deal on purchasing a trailer privately. We will handle the whole entire sale process with the private seller for you and arrange for them to get paid by the bank or financier correctly. This process is very streamlined for us, and we only require the agreed price you have negotiated with the private seller on your trailer. We will handle the whole entire process from there.

It’s generally recommended to make sure you are happy with the trailer you are buying especially if you are purchasing through a private seller. When it comes to Private Sales, most finance companies will require a third-party finance inspection on the trailer to make sure the trailer’s asset identifiers (VIN Number & Engine Number) matches the Registration papers and the Tax Invoice before the bank will settle on it.

We will book a Trailer Finance Inspection company in for you (or inspect the trailer ourselves) to take photos of the Front, Back, Sides and Compliance Plate of the trailer to make sure it all matches your loan documents, registration papers and Tax Invoice so we can move through to settlement.

We also complete a PPSR search on the trailer to make sure the trailer is not a write off or has been stolen. You are welcome to also do a mechanical inspection on the trailer (at additional costs) to make sure the trailer is mechanically sound just to make sure you are completely comfortable on moving ahead with the trailer purchase. We can also able to book in a trailer mechanical inspection for you.

Yes! Whether it is a new or used trailer we offer a tailored finance solutions for all age trailers and have a wide variety of banks and lenders that will comfortably finance used trailers. You tell us what trailer you would like to purchase. We will then match that trailer with the most appropriate bank or lender for you.

This is one of our favourite things to do. Yakka Finance has access to the most cost-effective interest rates in the market. So given the opportunity to beat your current rate is something we take a lot of pride in doing.

If we can’t beat your interest rate that means you are getting a fantastic rate for your trailer purchase. We will give you true and honest feedback once we have a look at what trailer you are purchasing, your current repayment structure and what stage your transport business is currently in. Given the opportunity we won’t let you down on securing a low interest rate approval for you.

Every trailer finance application is different. It will all be depending on your business, the trailer you are purchasing & the amount you are looking to borrow. Once we have a five-minute phone call, we will get a good understanding, then run you through the strategy and the key items we need in order to secure your approval.

Please don’t feel you need to give us everything but the kitchen sink like a bank would as this is simply not the case. We strategically know exactly what key items we need to secure your finance approval.

Yes, we have a large variety of banks that will give you an approval without having to put your own businesses cash reserves into the trailer purchase and it won’t affect your interest rate in most scenarios. Our most common trailer loan is with no deposit required.

Yes, we secure trailer loan approvals for Low Credit Score applicants. We are comfortable on getting your trailers loans approved with a low Credit Score or Credit Defaults. We fully understand that what happens in the past doesn’t dictate necessarily where you are now. With most of our clients if they get a Credit Default on their Credit file there is normally a good reason behind the credit default and why it’s there.

Some of our customers are just unlucky with missing the payment of Energy Bills when they change their residential address or have had a dispute over a phone bill where they were charged to much by their phone provider. These are all very common and banks have a good understanding of this.

We always get an understanding of why your Credit Score is below the average and then effectively communicate to the appropriate bank as to why it is lower. Please have comfort that we know how to communicate correctly to the right banks or lenders on the story on the Credit Score and/or Credit Default to get your trailer loan approved.

In addition, we have an experienced external team we utilise to lift the Credit Default off your file and lift your credit score for you.

Yes, buying trailers from a Private Seller is very common and we do it all the time. We will handle the whole entire process with the private seller for you and organise them getting paid by the financier we go through for your trailer loan.

Yes, you are more than welcome to make extra repayments off your trailer loan. It’s a good overall strategy to reduce the amount of interest paid on your trailer. However, with interest rates being quite low and cashflow being king in any transport business. It can sometimes be best hold on to your working capital and pay off the trailer loan in the last 1-2 years of your loan contract.

Yes, we can arrange Trailer Insurance for you as we have access to experienced trailer insurance providers that will give you the right advice when it comes to the insurance on your trailer.

Although we are happy for you to go to your bank to obtain your Trailer Finance, we know that it almost always doesn’t deliver the same outcome to you or your business. We know our process compared to a banks process is completely different and we pride ourselves on it. Here are some key reasons as to why we are better than a bank for your trailer loan approval:

• You could end up going to the wrong bank who would charge you a higher interest rate and make you jump through a lot more administration hoops just to secure a simple Trailer Finance approval. We know the banking landscape extremely well and once we get an understanding of your business and what trailer you are purchasing; we will then take you to the most appropriate bank to secure your finance approval with ease.
• It’s so important to spread your loans across multiple banks. Why? It means that one bank never owns you or your business and instead we have multiple banks fighting for your business constantly. This keeps competition high and interest rates low for you.
• One bank will have a better interest rate than another bank depending on what trailer you are purchasing at different times of the year. We know exactly which specific banks to go to at certain times of the year on different types of trailers.
• Don’t waste a credit enquiry on your credit file going to the wrong bank. When we submit your trailer loan for an approval, we know it’s going to be approved. This keeps your Credit File Scores strong as every credit enquiry results in a finance approval when dealing with us.
• You will spend a lot more of your own time and efforts putting an application together when dealing with the bank and have no idea if you will get an approval. When we go to a bank, we are already 99% sure they will approve your trailer loan.
• With Yakka Finance you will always have one point of contact for every trailer purchase you make for your business. Bank Managers are always changing roles in the banks. You might have a great relationship with a bank manager for one year and then they move on, and you have to build a completely new relationship with another bank manager that might not understand your transport business. At Yakka Finance we are not going anywhere, we get to know your business and are here to have a strong relationship with you and your business long-term.