Become a Yakka referral partner today

No. We are a completely complimentary service for you and your customers to use. We do offer you a Referral Commission for allowing us to support your clients.

We can finance any truck you are selling. These include but are not limited to: Prime Movers, Pantechs, Curtainsiders, Tilt Trays, Crane Trucks, Concrete Pump Trucks, Concrete Agitator Trucks, Tipper Trucks and much more. Please know that no matter what truck you are looking to sell we will have the perfect truck finance solution for your customers.

We pride ourselves on making truck finance application hassle free with as minimal paperwork as possible. Every finance application is unique to us and that starts with getting to know your customer and their business.

All we ask is that you send us your potentials customer’s name, phone number, email address and the truck details with price. We will then contact them for you and handle it all from there. You focus on the sale of the truck we will handle the finance for you and your customer.

It’s important to highlight that we are very good at Full Doc Applications as well. This allows us to get approvals on big Master Facility Limits above $1.5m for your clients to draw down on with every purchase they make.

Yes we do! Low Doc Truck Finance means we only need a very small amount of documentation to secure your truck finance approval. Most of the time with absolutely no proof of earnings or profits.

Our team can run you through how easy it is to secure a Low Doc Truck Finance approval for your customers over the phone in 5 minutes. It can be amazing how little documentation we need for your truck loan approval.

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 because of the volume of trucks we finance every month.

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 your customer for the lifetime of their business.

The only way we have generated so many loyal customers is our service is great, but we can also secure market leading interest rates every single time. If our interest rates were high, we would never ever have the amount of loyal business owners that use our services every single day and we also wouldn’t have the amount of Truck Dealerships that continually use us for their finance time and time again.

The big advantage for you and your truck dealership is because of the volumes of trucks we finance and the quality of our application submissions we are offered preferential interest rates from the banks and financiers that not all finance brokerages are able to see or secure.

This is a big advantage to our business to keep our customers happy but also a huge advantage to your truck dealership.

Absolutely not! Yakka Finance has access to a wide variety of low doc and no doc finance offers that the major banks and other financiers offer us to secure your approval. Please don’t feel like your customers have to provide us with a lot of information to secure their truck finance approval.

When we speak to your customer over the phone, we will know exactly what key items we need from them to secure their truck finance approval. It might surprise you on how little information we need.

There are many factors that can influence the interest rate on a truck.

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

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

Yes, we can finance a truck no matter how old the year build on the truck is. So, the answer if you wanted to finance a 1985 Kenworth Prime Mover is… yes, we can finance it. The answer is always yes.

We move very fast. We can usually obtain a truck finance approval within the same day or 2 days of receiving all the customers details. To speed up the application process we don’t have application forms as that can slow down the process on waiting for a customer to complete.

We understand how quick we must move when it comes to a customer purchasing a truck as we do so many of them. We will communicate exact timelines to you throughout the process and let you know timelines on every deal.

The average truck loan term is between 3-7 years (36 to 84 months). The choice of loan term is ultimately the customer’s choice. The shorter the term would result in a higher monthly repayment as they are paying the loan off on a shorter loan period.

If your customers ever want to play around with what Loan Term works best for them on your truck. Get them to have a play with our easy to use Truck 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 truck loan term, after all your regular monthly repayments have been made. It allows you to repay only part of the principal amount of your truck 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 easy to refinance your balloon payment at the end of your loan. Alternatively, you can trade the truck in for a new one or sell your truck to another party which if structured correctly should be more than the balloon payment you owe.

It is completely your customers choice whether they want a balloon payment in their loan structure to reduce your monthly repayments or not. We can workshop this with them to make sure the repayments suit their business.

Funnily enough we look after over 15 Truck Dealerships in Australia as their finance partner. The reason why Truck Dealerships use Yakka Finance is that we are experts on trucks and the transport industry. We are also very skilled at getting their customers truck finance approved effortlessly and we secure them low rates, so they are happy to go ahead with the truck purchase. 

Some other Truck Dealerships might offer their own Dealer Finance (e.g. Volvo Financial Services or Toyota Finance) whilst it can be good for some customers it’s not a fit for every single customer.

Dealer finance can have a very limited number of criteria to qualify for an approval to their prospective buyers. E.g. Won’t approve someone with a Credit Default or if they are a New Business. The difference is we can do this. Feel free to use your In-House Finance until that fails you and then we can service your customer on their truck finance when it is outside the box.

We already work with several In-House Business/Finance Managers when their finance product fails.

We will always give you true and honest feedback once we have a look at your customers profile, what asset they are purchasing, their current repayment structure and what stage their business is currently in.

Given the opportunity we won’t let your customer down on securing the low interest rates and repayments.

Absolutely! Whether it is a new or used truck we can offer a tailored finance solutions for all used trucks and have a wide variety of banks and lenders that will comfortably finance used trucks. Put simply, used trucks are no issues at all.

This is one of our favourite things to do! Yakka Finance have access to the most cost-effective interest rates in the market. So given the opportunity to beat your customers current rate is something we take a lot of pride in doing. Especially if it helps you sell your truck faster.

If we can’t beat your customers current interest rate that means your customer is getting a fantastic rate for their truck purchase and we will communicate that to them. 

We will always give you true and honest feedback once we have a look at your customers profile, what truck they are purchasing, their current repayment structure and what stage their business is currently in.

Given the opportunity we won’t let your customer down on securing the low interest rates and repayments.

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

Yes, we secure truck loan approvals for Low Credit Score applicants. We are comfortable on getting truck loans approved with a low Credit Score or Credit Defaults. We fully understand that what happens in the past doesn’t dictate necessarily where your customer is 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 their 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 truck loan approved.

In addition, we have a great external team we utilise to lift the Credit Defaults off your customers file to get them the best possible deal.

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