Commonwealth Bank Group - Get the right car finance

Get the car you want with pre-approved finance

Business car finance

Maintained Operating Lease

A maintained operating lease is an agreement between you, CBFC¹ and FleetAustralia² to rent vehicles for use in your business over a fixed period of time. It's a cost-effective finance option if you have five or more passenger and/or light commercial vehicles because you're not exposed to fluctuating used car values and the hassle of managing a fleet of vehicles.

The rental includes a fixed fee to cover your vehicle management, such as maintenance, purchase, disposal and insurance. At the end of the term, you simply return the vehicles to FleetAustralia who bears the residual value risk (subject to return conditions).

The benefits:

You can access the latest vehicles without the risks associated with ownership.
If you use the vehicle to generate assessable income, you may claim the rentals as a tax deduction.
Lease rentals and related charges are subject to GST but you may be able to claim a GST credit if your business is registered for GST.
With 100% finance, your working capital is preserved (there may be a residual value payable at the termination of the lease).

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© Commonwealth Bank of Australia ABN 48 123 123 124

Important Information. Applications for finance are subject to our normal credit approval. Full terms and conditions will be included in our offer of finance. Fees and charges are payable. Commonwealth Bank of Australia reserves the right to require vehicle finance arrangements to be made with any Commonwealth Bank of Australia subsidiary.

The information on taxation is of a general nature only and is based on the continuation of present taxation laws, rulings and their interpretation. You should note that the Commonwealth Bank of Australia and its servants and agents cannot give you any advice or comment on the legal effect for tax purposes or the tax treatment of car financing. You should consider the appropriateness of car financing having regard to your objectives, financial situation and needs. You should satisfy yourself that you understand the full nature and effect of any arrangement and you should obtain appropriate independent advice from a qualified tax adviser as to the taxation implications of car financing.

As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on the advice, consider its appropriateness to your circumstances with or without the assistance of your tax advisor or accountant.

¹ CBFC Limited ABN 26 008 519 462 is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia. CBFC Limited reserves the right to require leasing arrangements to be made with CBFC Leasing Pty. Limited ABN 89 008 520 965 or any of the subsidiaries of the Commonwealth Bank Group.

² FleetAustralia Pty Limited ABN 15 003 429 356 is owned by S.G. Fleet Services Australia Pty Limited which is 70% owned by Super Group Australia Pty Limited, a subsidiary of Super Group Limited (listed on South Africa's JSE Securities Exchange), 25% owned by Colonial First State Investments Limited ABN 98 002 348 352, a wholly owned, but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. The Commonwealth Bank of Australia does not guarantee the performance of Colonial First State Investments Limited.

Commonwealth Bank - Car Finance

Get the car you want with pre-approved finance

Business car finance

Maintained Operating Lease