Garbage truck finance for waste-collection contractors
Rear-lift, side-lift and front-lift compactor bodies — financed as one complete working vehicle, chassis and body together.
A garbage truck earns on every run of a collection contract, and the compactor body, lifting arm and bin-lift gear are as much a part of the cost as the chassis. We structure the finance around the complete working vehicle and how collection contracts actually pay. New or used — we can usually fund it.
Who it's for
Waste-collection contractors, council-contracted operators, recycling businesses and skip-bin and commercial waste companies.
Wrap the compactor body and lifting arm into one facility
A garbage truck is built from a cab-chassis with a rear-lift, side-lift or front-lift compactor body and bin-lifting arm added. These can usually be included in the same chattel mortgage as the truck, so the complete working unit is financed as one asset rather than a chassis plus a separate body bill.
Financing built around collection contracts
Garbage and waste-collection trucks are often engaged under a council or commercial collection contract rather than paid job by job. If your truck is tied to a specific contract, tell us upfront — it helps demonstrate the income the truck will generate, which can support the application even with a newer ABN.
Established ABN and property often means no financials
If your ABN has been active for 2+ years, you're GST registered and a director owns property, garbage truck finance can frequently be arranged with no tax returns, BAS or bank statements. That's usually enough headroom for a mid-size compactor body and lifting arm.
Buying secondhand? We check the title and body condition
Used garbage trucks are common, particularly ex-council or ex-contract fleet units. A dealer purchase is simplest. For a private sale we run a PPSR check to confirm the truck is free of registered finance, and recommend checking the compactor body and lifting arm for wear given the nature of the work.
A balloon eases the load between contract payments
Council and commercial collection contracts are typically paid on monthly or progress terms, so income can lag behind running costs. A balloon (residual) lowers the monthly repayment, keeping reserves free to carry the truck between payments. At term's end you refinance the balloon, pay it out, or upgrade.
Own the truck, claim the GST and depreciation
On a chattel mortgage your business owns the garbage truck, compactor body and lifting arm from day one, so you can generally claim the GST input tax credit on the purchase and depreciate it over its working life. Confirm the specifics with your accountant for your business structure.
Talk to a specialist
Get the right rate and the right structure for your next asset. No pressure to proceed, no credit-file hit to ask.
- Panel of commercial lenders
- Low-doc options for established ABNs
- Pre-approval before you buy
Work it out backwards.
Start with a repayment that keeps cash in your business and see what it finances — then we’ll line up the right rate to match.
A balloon lowers your monthly repayment and keeps cash in the business. ~30% is common; new vehicles can go to 40%.
Your rate depends on the asset, its age, your ABN and security. A guide, not a quote.
Estimate only, excluding fees and charges. Not a quote, offer, or credit assistance. Actual repayments depend on the lender’s assessment.
Common questions
Yes — used garbage trucks, including ex-council and ex-contract fleet units, are a large part of what we finance. Dealer purchases are simplest. Private sales need a PPSR check, which we handle, and we recommend a look at compactor body and lifting-arm condition given the nature of the work.
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