A prime mover is the highest-value, highest-utilisation asset most operators buy, so the term and structure matter as much as the rate. Here’s how prime mover finance works.
Key highlights
- Prime mover finance typically runs up to 5-7 years, depending on age and kilometres
- As a strong, high-value asset, prime movers attract competitive rates
- Many established operators finance with no deposit, using the truck as security
- A deposit or forward contract may strengthen a newer-ABN application
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Rates and terms
Prime mover finance typically runs up to 5–7 years depending on age and kilometres. Because it’s a strong, high-value asset, rates are competitive — and a balloon can lower the weekly repayment if you refresh the truck every few years.
Deposits and low-doc
Many established operators finance a prime mover with no deposit, using the truck as security. Low-doc options mean you may not need full financials on an eligible, asset-backed deal. A deposit or a forward contract strengthens a newer-ABN application.
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