Truck & Trailer Finance

New and Used, Private Sale or Dealer (aged assets up to 30 year old trailers and 20 year old trucks)

The biggest problem for the transport industry is the banks seem to be pushing you to buy through a dealer and later model equipment.

Most bankers will tell you that it’s easier to get you approved but in fact, it makes their job easier first.

The Background

Transport company was currently hiring five (5) trailers at a cost of $80 per day each + approx. $2,500 - $4,000 in damage charges monthly from the hire company.

They wanted to buy their own trailers to reduce hire costs and monthly damage charges. They didn’t need brand new trailers and found used trailer sets for sale from Private sellers that were 20 yrs old.

The Problem

Bank declined transport companies application for trailer finance because they were buying used trailers through Private Sale and due to the age of each trailer being more than 15 years old at time of purchase.

 

 

Types of equipment we finance

Primary goods

  • Large Medical (e.g. CT, MRI scanners)

  • Access equipment (Boom / scissor lifts)

  • Light trucks < 3.5 tonnes

  • Heavy trucks > 3.5 tonnes

  • Trailers, buses/coaches and other commercial motor vehicles

  • Construction and earth moving equipment (non-mining)

  • Agricultural machinery and equipment

  • Materials handling / access equipment

  • Forklifts

Secondary goods

  • Large PABX or VOIP telephone systems

  • Medical/dental/laboratory equipment

  • Laptops/desktops Servers/data storage

  • Renewable energy (Solar & LED Lighting)

  • Mining equipment

  • Printers/Scanners and Copiers (including 3D Printers)

  • Trade tools

  • Pallet racking

  • Attachments for earth moving

  • Plant services (Compressors & Generators)

  • Printing and packaging equipment

  • Forestry machinery and equipment

  • Engineering and tool making equipment

  • Woodworking and metalworking equipment

  • Mechanical workshop equipment

  • Food processing equipment

  • Refrigeration equipment – Commercial

  • Air-Conditioning – Commercial

  • Embroidery equipment

Tertiary goods

  • Small business telephone systems

  • POS systems

  • Catering & Hospitality Equipment

  • AV and video conferencing

  • Security & CCTV Systems (hardware only)

  • Fit Outs

  • Temporary fencing

  • Software

  • Scaffolding

  • Cool rooms

  • Spray booths

  • Demountable buildings

  • Commercial Cleaning equipment

  • Pressure Washers

About us

RPM Equipment Finance was started in 1992 and today is recognised as one of Australia’s major equipment finance managers.

We lend our own money and are also accredited introducers with direct access to many major finance companies. This means we can offer a wide range of finance solutions for a wide variety of businesses, industries and equipment types.

Our team at RPM have many years experience and are more than qualified to assist you structure a finance package to suit your needs.

New or Used, Dealer and Private Sale

Some banks will persuade you to buy new equipment through a dealer. Why? Because it makes life simple for them.

We get that you can still save money and buy quality second-hand equipment via private sale.

Yes, there is some more paper work and process required but we are here to do the ‘hard work’ and make what a banks says is hard, simple.