Concrete Truck Finance
Concrete truck finance for Australian operators purchasing new or used agitator trucks, cab chassis, mixer trucks and specialised concrete vehicles.
Woodward Finance works with 60+ commercial lenders to help established concreters, LOD contractors and fleet operators compare finance options suited to the truck, business and transaction.
Concrete Truck Finance for LODs, Concreters & Fleet Operators
Finance may be available for concrete agitator trucks, mixer trucks, cab chassis, volumetric trucks, mini mixers, used concrete trucks and specialised concrete transport assets. Depending on the application, finance can be considered for dealer purchases, some private-sale transactions and fleet additions or replacements.
What Concrete Trucks Can Be Financed?
The right finance structure can depend on whether you’re purchasing a complete truck, replacing an existing agitator, adding to a fleet or buying specialised mixer equipment.
New Concrete Agitator Trucks
Finance for new agitator trucks purchased through dealers, manufacturers or specialist concrete equipment suppliers.
Used Concrete Trucks
Finance may be available for second-hand agitators, subject to the age, condition, value of the asset and lender criteria.
Cab Chassis + Agitator
Where the chassis and agitator are supplied separately, the transaction may be structured around the complete commercial asset.
Agitator Unit Only
In some scenarios, finance may be considered for the agitator or mixer equipment separately from the truck chassis.
Volumetric Concrete Trucks
Specialised mobile batching trucks may require lenders that are comfortable assessing both the vehicle and the concrete production equipment.
Mini Mixer Trucks
Finance options may also be available for smaller mixer configurations used in residential, urban and specialist concrete work.
Private-Sale Concrete Trucks
Some lenders may consider private purchases, although additional checks around ownership, value and the seller may be required.
Fleet Additions & Replacements
Finance can also support established operators replacing older trucks or adding another concrete vehicle to an existing fleet.
Already Found the Concrete Truck?
Send us the purchase price, year, make/model and a little about your business. We can assess suitable finance options across our commercial lender panel.
Concrete Truck Finance for LOD Contractors
Concrete agitator finance can be particularly relevant for LOD and contracted concrete operators purchasing or replacing a truck to service ongoing work.
Lenders may look beyond the truck itself and consider the overall commercial position of the operator, including their experience, work arrangements and existing business commitments.
What may lenders assess for an LOD operator?
- Industry and operator experience
- Contract or work arrangements
- Expected business revenue
- Existing truck finance commitments
- Truck age and market value
- Business trading history
- Credit profile
- Overall repayment capacity
Should You Finance a New or Used Concrete Truck?
Both new and used agitator trucks can suit established concrete businesses, but the finance considerations may differ.
New Concrete Trucks
A new truck may offer a longer useful life, manufacturer warranty and newer specifications. Depending on the lender, newer assets may also provide a broader range of finance options.
Used Concrete Trucks
A used agitator may reduce the initial purchase price, but truck age, kilometres, condition, maintenance history and resale value can become more important in lender assessment.
Comparing options? Read our detailed guide to new vs used agitator trucks, finance and cost considerations .
What Do Lenders Look at When Financing a Concrete Truck?
Concrete agitators are specialised commercial assets, so lenders may assess both the financial position of the business and the characteristics of the truck being purchased.
Time in Business
An established trading history can help demonstrate the operating track record of the business.
Business Cash Flow
Depending on the lender, bank statements, BAS or financial statements may be used to assess repayment capacity.
Truck Age & Condition
The year, make, model, kilometres, condition and expected useful life of the agitator may influence lender appetite.
Existing Finance
Current truck, equipment, vehicle and working-capital facilities may form part of the overall servicing assessment.
Work & Contracts
Existing contracts, ongoing work arrangements or customer demand can help explain the commercial purpose of the truck.
Credit Profile
Previous repayment conduct and credit history may also form part of a lender’s assessment.
Why Concrete Truck Finance Can Require a Specialist Lender
A concrete agitator is not the same asset as a general freight truck. The specialised mixer equipment, intended use and resale market can influence how a lender assesses the transaction.
Some banks may take a more conservative approach to specialised concrete vehicles, older trucks or unusual configurations. Other commercial lenders may have greater experience assessing these assets.
Different lenders can assess the same transaction differently.
Woodward Finance works across a broad commercial lender panel, allowing us to consider lenders with different appetites for concrete trucks, specialised assets, used equipment and established commercial borrowers.
How Can a Concrete Truck Be Financed?
The most suitable finance structure depends on the business, the truck, cash-flow requirements and the overall transaction.
Chattel Mortgage
A chattel mortgage is commonly used for commercial vehicle purchases. The business owns the truck while the lender takes security over the financed asset.
Commercial Asset Finance
Commercial asset finance may be structured around the truck’s purchase price, useful life and the financial position of the business.
Low-Documentation Options
Some eligible established businesses may qualify for streamlined or lower-documentation options, subject to lender criteria.
Refinance or Equity Release
Depending on the circumstances, an established business may also consider refinancing existing assets or releasing equity to support broader business requirements.
Tax note: Tax and accounting treatment varies between businesses and finance structures. Speak with your accountant or tax adviser about the appropriate treatment for your circumstances.
What Affects the Cost of Concrete Truck Finance?
There is no single interest rate or repayment that applies to every concrete truck purchase. Pricing and structure can depend on several factors.
Loan Amount
The total amount being financed influences the repayment and overall structure.
Truck Age
Newer and older assets may be assessed differently by different lenders.
Loan Term
The finance term affects both monthly repayments and the total period over which the asset is financed.
Deposit
Some transactions may require a contribution while others may qualify for higher levels of finance.
Balloon
A balloon or residual can alter regular repayments but leaves an amount payable at the end of the term.
Business Profile
Trading history, credit position, cash flow and existing commitments may all influence lender pricing.
The Concrete Truck Finance Process
Tell Us About the Truck
Send us the purchase price, year, make, model, kilometres, seller and whether the vehicle is new or used.
Tell Us About Your Business
We’ll discuss your trading history, work arrangements, existing finance and how the truck will be used.
We Assess Lender Options
We consider the transaction across our commercial lender panel and identify lenders that may suit the business and asset.
Application & Settlement
Once a suitable option is selected, we assist with the application process and progression toward approval and settlement.
Specialist Concrete Truck Finance Across 60+ Lenders
Woodward Finance specialises in commercial asset and business finance for Australian SMEs, including trucks, machinery and specialised equipment.
Instead of relying on the lending policy of one bank, we can assess a concrete truck transaction across a broad panel of commercial lenders and consider which options may better suit the asset and circumstances of the business.
- 60+ commercial lenders
- Concrete truck finance experience
- New & used assets considered
- LOD contractor finance
- Specialist asset lenders
- Older truck options
- Low-doc options for eligible businesses
- Personal commercial finance support
Have an Invoice or Truck Quote Ready?
Send us the details and a little about your business. We’ll assess the transaction and let you know what finance options may be available.
Explore Our Concrete Truck Finance Resources
Our specialist guides cover some of the more detailed questions operators face when choosing and financing concrete trucks.
Frequently Asked Questions About Concrete Truck Finance
Common questions from Australian concreters, LOD operators and businesses looking to finance an agitator or mixer truck.
How does concrete truck finance work?
Concrete truck finance is a form of commercial asset finance used to purchase agitator trucks, mixer trucks, cab chassis and other concrete vehicles.
The lender generally assesses both the truck and the business before determining the available finance amount, term and structure.
Can I finance a new or used concrete agitator truck?
Potentially. Finance may be available for both new and used agitator trucks. For used trucks, lenders may pay closer attention to age, condition, kilometres, purchase price and expected useful life.
Can I finance the agitator separately from the cab chassis?
In some transactions, yes. The agitator or mixer unit may potentially be financed separately from the chassis, depending on the supplier, ownership structure, value of the equipment and lender criteria.
Can I get concrete truck finance with an LOD contract?
LOD operators may be able to obtain finance for a concrete truck, subject to lender criteria.
The lender may consider the operator’s experience, work arrangements, expected revenue, existing liabilities and the truck being purchased as part of the application.
Do I need a deposit for concrete truck finance?
Not every transaction requires the same contribution. Deposit requirements can depend on the lender, purchase price, truck age, business profile and strength of the overall application.
Can I finance a concrete truck from a private seller?
Some commercial lenders may consider private-sale concrete truck purchases.
Additional verification around the seller, ownership, truck value and transaction may be required compared with a dealer purchase.
Can I get concrete truck finance without full financial statements?
Some eligible established businesses may qualify for lower-documentation or streamlined commercial asset finance options.
Eligibility depends on the lender, business profile, loan amount, truck and overall transaction.
Can an older concrete truck be financed?
Potentially. Some lenders have stricter asset-age limits than others, while specialist commercial lenders may be more comfortable considering older trucks.
Make, model, condition, kilometres, market value and expected useful life may all be relevant.
What do lenders look at when financing an agitator truck?
Lenders may consider trading history, cash flow, existing liabilities, credit profile, industry experience, work arrangements and the age and value of the agitator truck.
Different lenders can weigh these factors differently, which is one reason lender selection can matter for specialised assets.
How long does concrete truck finance approval take?
Timeframes vary depending on the lender, transaction complexity and whether all required information is available.
Straightforward applications can sometimes progress quickly, while specialised or more complex transactions may require additional assessment.
Can I finance a volumetric concrete truck?
Potentially. Volumetric trucks combine a commercial vehicle with specialised mobile batching equipment, so lenders may assess them differently from a standard drum mixer.
Read our detailed guide to volumetric truck financing for concreters .
What if my concrete truck finance application is declined?
A decline from one lender does not automatically mean every lender will reach the same decision.
The reason may relate to truck age, serviceability, business history, credit profile or the lender’s appetite for specialised concrete assets. It can be useful to understand the reason before submitting another application.
Why use Woodward Finance for concrete truck finance?
Woodward Finance specialises in commercial asset finance and works with more than 60 lenders, including specialist commercial finance providers.
This allows us to assess the truck and business across a broader range of potential lender options rather than relying on the policy of a single bank.
If you already have a concrete truck in mind, send us the details and we can discuss the transaction with you.
Ready to Finance Your Next Concrete Truck?
Whether you’re replacing an agitator, adding another truck to your fleet or purchasing a specialised concrete vehicle, tell us about the truck and your business. We’ll assess the transaction across our commercial lender panel and help you explore suitable finance options.
Get My Concrete Truck Finance OptionsFinance is subject to lender eligibility, credit criteria and approval. Terms, conditions and fees may apply.