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You’ve chosen to become a truck driver. You’ve probably got a license or are in the process of getting it. But the million-dollar question pops its head: how to finance my truck? Will I get a loan? Or will I get the money for the truck with my not-so-good credit? 


Of course you can try and apply for a heavy vehicle loan and get a good deal or sweat over the probable loan amount that would be approved through online truck finance calculators, but in many cases, especially when your credit is bad, you probably won’t get any loans approved. Even if you get any, it wouldn’t be a sweet deal and you will have to bear a huge cost for it.

How to Finance a Truck with Bad Credit

Anyone can apply for truck loans and test their luck, but with our 30+ experience in the field we can confidently say that it becomes a lot harder, if not almost impossible to get a loan approved with desired interest rates, if you have poor credit. That’s where expert truck finance brokers like us at the Asset Finance Shop come into play. 


We not only help you every step of the way in getting the best deals possible for you, we also know the nitty-gritty of what the lenders are looking for in your applications, increasing your chances of getting the perfect deal for you as per your situation and needs. First, let’s look at the process we follow for financing a truck:

Steps Towards Financing a Truck

1. You fill in the pre-approval form

You can fill up the pre-approval form for truck finance here which wouldn’t take more than 5 minutes of your time, or get in touch with us via the chat box or the contact us page on the website, and we will get back to you. You can also contact us on 1300 558 758 to discuss the best deal for you.

2. Our experts assess you

Our professional brokers will assess your financial capacity, i.e., your bank statements and other related documents. They will examine your cash flow and other pointers of your business’s finances to ascertain the loan terms, interest rates and all other finance options and decide the best course of action tailored for you.

3. Our truck finance brokers make a case

After examining your information and getting your go-ahead, our experts make your case and submit the needed documents for approval. We negotiate with the lender on your behalf and present your best case in front of them, ensuring you get all that you need from the deal. Sit back and relax as we bear the hassle and do all your work!

4. Your loan is approved!

Once all the formalities are done and checklists are ticked off, the lender approves the loan and you get to finance your very own truck!

truck finance

Why Go with Asset Finance Shop for Truck Finance?

1. 30 years experience

We have a vast 30 years lending experience, which means we have a strong network of a lot of lenders.

2. Fast approval

We have a vast 30 years lending experience, which means we have a strong network of a lot of lenders.

3. Vast knowledge

We know all the nitty-gritties of truck finances and know exactly what you need. We chalk out a plan that increases your chance of getting a low-interest loan even with a bad credit, something which wouldn’t have been possible if you’d have gone solo.

4. Easy assessibility

You’re always free to visit our offices during the working hours, or we can even come to your doorstep to discuss or complete the paperwork.

Get in touch!

Questions? Don’t hesitate to contact us on 1300 558 758 or via the livechat. We’d be happy to help with all the doubts you have. You can check our Google reviews for the quality of service we provide!