Finance an electric truck for your business with help comparing suitable options across more than 60 lenders. Woodward Finance works with established Australian businesses, transport operators, fleets and commercial operators looking to finance eligible electric trucks.
Yes. Eligible businesses can finance electric trucks and other electric commercial vehicles, subject to lender policy and approval. Lenders will usually consider the truck, purchase price, business use, trading history, credit profile and overall strength of the application.
Electric trucks are becoming a more realistic option for Australian businesses operating across transport, logistics, delivery, fleet, construction and other commercial industries.
Woodward Finance can help assess suitable finance options for eligible new and used electric trucks, depending on the vehicle, business and lender policy.
Light-duty electric trucks used for metropolitan deliveries, parcel services, distribution and other stop-start commercial work.
Electric rigid trucks used across freight, logistics, fleet and commercial transport operations.
Single vehicle or fleet purchases for established businesses looking to electrify part of their commercial vehicle mix. For multiple-vehicle purchases and staged fleet transitions, see our EV Fleet Finance guide.
The Australian commercial truck market now includes electric vehicles across light, medium and heavy-duty applications. The exact truck matters because lenders may assess different makes, models and purchase prices differently.
The Fuso eCanter is a fully electric light-duty truck suited to applications such as urban delivery, local transport, council work and other commercial operations.
Volvo offers electric truck options across commercial transport applications, including heavy-duty models such as the FH Electric, FM Electric and FMX Electric.
Vehicle availability, specifications and lender appetite can change. Finance should always be assessed against the specific truck being purchased.
Electric truck finance is generally assessed as commercial vehicle or business asset finance. Newer technology, higher purchase prices and specialised commercial use can make lender selection particularly important.
Some established businesses may qualify for lower-documentation asset finance. Eligibility and documentation requirements vary between lenders and applications.
Different lenders can take different approaches to the same truck and the same business. Comparing lender policy as well as pricing can be especially important when financing newer electric commercial vehicles.
Access to major banks, commercial vehicle financiers and specialist lenders.
Experience across truck, vehicle and business asset finance.
Lower-documentation finance may be available for suitable established businesses.
Finance can be assessed for eligible new and used electric commercial vehicles.
Finance options can be assessed for single vehicles or multiple truck purchases. See our EV Fleet Finance guide for larger or staged fleet requirements.
Woodward Finance assists commercial clients throughout Australia.
For many business truck purchases, a chattel mortgage may be considered because the vehicle is being purchased primarily for commercial use.
Other commercial vehicle finance structures may also be available depending on the lender, borrower and transaction. The appropriate option should be assessed against the business’s intended use, cash flow and broader financial position.
Tax outcomes vary according to the business and finance structure, so businesses should obtain their own advice from a qualified accountant or tax adviser.
Charging requirements can be an important part of an electric truck purchase, particularly for businesses operating fleets, depots, multiple shifts or higher-powered commercial charging equipment.
The truck and charging infrastructure do not necessarily need to be financed under the same facility. Charger hardware, electrical equipment, installation and site works may be treated differently depending on the lender and transaction structure.
Finance may be available for eligible new electric trucks purchased from Australian commercial vehicle dealers and suppliers.
Used electric truck finance may also be possible. Vehicle age, condition, value, make, model and remaining useful life can influence lender appetite.
Send us the make, model, purchase price, seller and intended business use.
We assess the truck and your business profile against suitable lender policies.
We compare suitable lenders, structures and requirements for the transaction.
We package and submit the application with the information required by the chosen lender.
We manage lender conditions and keep you informed throughout the approval process.
Once requirements are complete, we coordinate settlement so you can take delivery of the truck.
Yes, subject to lender approval. Electric trucks may be financed as business vehicles where the transaction meets lender policy.
Potentially, yes. Finance eligibility will depend on the vehicle, purchase price, business profile and lender policy.
Potentially. Approval will depend on the model, purchase price, business use, applicant and lender policy.
Some established businesses may qualify for lower-documentation asset finance. Eligibility depends on time in business, loan amount, truck type, credit profile and lender requirements. For more detail, see our EV finance requirements guide.
Potentially. Used electric truck finance may be available depending on vehicle age, value, condition and lender appetite. See our New vs Used Electric Vehicle Finance guide.
Not necessarily. Deposit requirements vary between lenders and applications. Some businesses may qualify for a high level of finance while other transactions may require a contribution.
Yes, subject to approval. Established businesses may be able to finance multiple vehicles as part of a fleet purchase or replacement program. Our EV Fleet Finance guide covers multiple-vehicle and staged fleet scenarios in more detail.
Yes, subject to lender approval. Sole traders may be eligible where they meet the lender’s trading, credit and documentation requirements.
Potentially. This depends on the equipment, supplier, lender and transaction structure. Charging infrastructure may need to be assessed separately from the truck. See our EV Charging Equipment Finance guide for more information.
Whether you’re replacing an existing commercial truck, purchasing your first electric vehicle or adding electric trucks to your fleet, Woodward Finance can help compare suitable finance options.
Tell us what you’re looking to purchase and we’ll help you compare suitable finance options across more than 60 lenders.
Looking to Finance an Electric Truck?
Tell us what you’re looking to purchase and we’ll help you compare suitable finance options across 60+ lenders.
