Yes, you can finance an older truck — it just comes down to the truck’s age at the end of the loan and which lender you use.
Key highlights
- You can finance an older truck; it hinges on age at end of term
- Age caps commonly sit around 12-15 years, older for heavy prime movers
- Older trucks may work on a shorter term or with a deposit
- Specialist and non-bank lenders are often more flexible on age and kilometres
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The age-at-end-of-term rule
Lenders cap how old a truck can be when the loan finishes — commonly around 12–15 years for many trucks, and older for heavy prime movers. So an older truck often works on a shorter term, or with a deposit to offset the risk.
Rates on older trucks
Expect a slightly higher rate than a late-model truck, but older trucks are very financeable, especially through specialist and non-bank lenders who are more flexible than the big banks on age and kilometres.
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