Vehicle and equipment finance
Finance options to get business vehicles and equipment without tying up valuable working capital.
Car & equipment loans
Business car loan
- Own a car, van, truck or ute from the get-go
- Loan is secured by the vehicle
- Option to make a balloon payment
Business equipment loan
- Own farming, dental or commercial kitchen equipment from the get-go
- Loan is secured by the equipment
- Option to make a balloon payment
Receive approved funds within 1 business day*
Faster funding to meet your business vehicle and equipment needs.
Get a quote in minutes or enquire now to leave your details and receive a callback from a business lending specialist.
Other vehicle & equipment finance
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Frequently asked questions
A balloon payment is a lump sum paid at the end of your loan term. It could help you get the car and equipment that your business needs while freeing up your cash flow via lower monthly repayments. However, you’ll pay more interest over the loan term. Without a balloon payment, your monthly repayments will be higher, and you’ll pay less interest and won’t need to pay a lump sum at the end of the loan term.
Yes, they can if they meet the following eligibility criteria:
- Their business is based, registered and operating in Australia.
- The vehicle or equipment is fully or mostly used for business purposes.
You may be able to claim tax deductions from financing your vehicle and equipment used for business purposes, such as interest and depreciation of the asset under vehicle or equipment loan or hire purchase, and rental instalments under lease. You should obtain independent, professional tax advice to determine the tax implications relevant to your individual circumstances.
Things you should know
Eligibility, credit criteria, fees, charges, terms and conditions apply.
*For applications that meet the following criteria:
- New customers who borrow up to $150k and existing customers who borrow up to $500k
- New customers must own residential property
- The business has been trading for 2 years or more
- The business has a valid ABN and is registered for GST
- The vehicle or equipment is 5 years old or less
- Customers must have an acceptable credit history and must not have outstanding statutory payments
Applications for vehicle and equipment finance are subject to the Bank's normal lending criteria.
Any tax information described is general in nature and it is not tax advice or a guide to tax laws. We recommend you seek independent, professional tax advice applicable to your personal circumstances.