Starting or growing your business and need both a trailer and something to tow it with?
You're probably wondering if you can finance them together — or if you need two separate loans.
Here’s how it works, and what’s best for ABN holders and sole traders in Australia.
✅ Can You Bundle a Trailer and Tow Vehicle in One Loan?
Sometimes — but not always.
Whether you can combine the assets depends on:
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✔️ The lender’s policies
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✔️ Whether both assets are purchased from the same place
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✔️ Your credit profile and ABN history
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✔️ Whether the trailer and vehicle are clearly business-use
In most cases, the vehicle and trailer are financed separately — especially if they're bought from different sellers.
💡 Common Scenarios
🛻 + 🚚 Buying Both From a Dealer?
You may be able to bundle into one chattel mortgage if both items are invoiced together — ask the dealer to combine the quote.
🔀 Buying Separately?
You’ll typically need:
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One loan for the tow vehicle
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One loan for the trailer (can still be low-doc)
This is the most common structure brokers use — and it allows more flexibility in terms and repayment setup.
🔍 Pros of Financing Them Separately
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✅ Easier to get approved (especially if one is used/private sale)
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✅ Each asset can have a tailored loan term
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✅ Can split between full doc and low doc if needed
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✅ Easier to refinance, upgrade, or payout one without affecting the other
⚠️ Risks of Bundling Both in One Loan
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❌ If one asset is problematic (e.g. old trailer), it could hold up the entire application
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❌ May limit your choice of lenders
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❌ Harder to upgrade or change part of the loan later
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❌ Asset mix might confuse credit teams without the right broker
🧠 What’s the Best Option for Tradies?
Finance them separately unless:
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You’re buying both from a single supplier
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You’re going through a broker who can structure the deal cleanly
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You want one monthly repayment for simplicity
If you’re ABN-only or low-doc, separate loans give you a much better shot at approval.
🚀 Want Help Structuring Both Loans?
We’ll connect you with a broker who can:
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Finance your trailer and vehicle — together or apart
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Work with private sales and dealers
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Find low-doc options that match your setup
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
