The type of loan suited to your trailer purchase will depend on firstly, if the trailer is for private or business use. If for personal use, then we can offer you a great quote on either a Secured Trailer Loan or an Unsecured Personal Loan. Both include a low interest rate, fixed repayments, fixed loan term and the ability to make additional payments if required. Unsecured loans attract a higher interest rate as no security is offered. No deposit is required.
If you’re purchasing a trailer to use in your business, we can offer the full suite of commercial trailer finance products: Chattel Mortgage, Caravan Leasing and Commercial Hire Purchase (CHP). Our consultants can explain the key features of each loan but we advise that you discuss with your accountant which is the best option as the products include differing treatments of GST, tax deductibility, balance sheet entries and other features.