EOFY Truck Finance 2025: How to Maximise Your Tax Benefits Before June 30
Last updated: 10 April 2025
Buying your first truck before EOFY? Talk to a broker — and save thousands.
Thinking About Buying a Truck Before EOFY?
The end of financial year is one of the busiest times for truck purchases in Australia. For many owner-operators and small businesses, it’s the perfect time to invest in a new or used truck while taking advantage of potential tax savings.
But timing is everything — and so is the structure of your loan. Whether you’re planning to expand your fleet or purchase your first truck, understanding EOFY truck finance can help you reduce your tax bill and set your business up for growth.
Let’s break it down.
Why EOFY Is Prime Time for Truck Finance
Instant Asset Write-Offs (if eligible)
Potential GST credits on new truck purchases
Claim interest and depreciation on financed vehicles
Take delivery before June 30 to claim deductions this year
EOFY creates urgency — but with the right structure and a broker who understands your industry, you can move fast without making a rushed decision.
EOFY tax benefits could save you thousands — if your finance is structured right.
What Can You Actually Claim at Tax Time?
Depending on your business structure and the loan product, you may be able to claim:
The business-use portion of the purchase price
Interest on the loan
Depreciation over time (under ATO rules)
GST credits if you’re registered for GST
Important: Tax laws change. Always check with your accountant about current rules (especially around instant asset write-offs and temporary full expensing).
Chattel Mortgage, Lease or Hire Purchase: What’s Best at EOFY?
The right structure depends on your cash flow and long-term goals:
Chattel Mortgage
Full ownership from day one
Can claim GST and depreciation
Balloon/residual options available
Finance Lease
Lower upfront cost
No ownership until end of term
May suit contract-based drivers
Hire Purchase
Spread the cost
Often bundled with maintenance or insurance
Tip: Chattel mortgage is the most common option for truck finance at EOFY due to its tax advantages and flexibility.
The right loan structure can boost cash flow and tax benefits at the same time.
How to Qualify Fast (Without the Runaround)
EOFY moves quickly — here’s how to streamline approval:
Have your ABN, ID, and bank statements ready
Know the truck specs and dealer invoice (or estimate)
Work with a broker who can access multiple lenders fast
If you’re a first-time buyer, ask about low doc or ABN-only loans
Need help? Get in touch and we’ll guide you through it.
New vs Used Truck at EOFY: Does It Matter?
Yes. Here’s how:
New Truck:
Better warranty
Often higher resale value
Easier to finance with lower risk
Used Truck:
Lower upfront cost
May still qualify for deductions
More lender variation
Either way — what matters most is getting approved quickly and structured correctly.
When Should You Apply for EOFY Truck Finance?
Now. Here’s why:
Lenders and dealerships get busy fast
Some lenders cut off new deals 1–2 weeks before June 30
Trucks must be delivered before EOFY to claim this year
Don’t leave it until the last minute — we can help you move quickly, even if you’re a first-time buyer.
Apply early — some EOFY truck loans need settlement before June 30 to qualify.
Final Thoughts: EOFY Is a Window of Opportunity
If you’re thinking of financing a truck, EOFY is your best chance to:
Lower your tax
Upgrade or expand
Leverage strong cash flow and deductions
But the window closes fast. That’s where a broker like Casey Asset Finance can make a difference — no pressure, just real answers from someone who knows your industry.
Ready to Explore Your Truck Finance Options?
We help first-time operators, ABN holders, and small fleet owners get approved — fast.
Let’s find you the right loan before June 30.
