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Car and equipment finance

Car and equipment finance solutions

Equipment loan asset finance

Equipment loan (chattel mortgage)

Own it now and pay it off

Suitable for:
Cars and equipment

Key facts

  • GST not applicable on loan repayments.
  • You may be able to claim input tax credits for the GST included in the car/equipment’s price and also claim the depreciation and interest components of the repayments.
Learn more
Hire purchase asset finance

Hire purchase

Hire it and own it later

Suitable for:
Cars and equipment

Key facts

  • You may be able to claim input tax credits for the GST payable on interest and fees that’s included in the price of the hire purchase.

Learn more
Finance lease Asset finance

Finance lease

Lease it and offer to own it later

Suitable for:
Cars and equipment

Key facts

  • You may be able to claim input tax credits for rental and other charges that are subject to GST.
Learn more
Novated lease

Novated lease

Lease it through salary sacrifice

Suitable for:

Key facts

  • Payments are taken out from your pre-tax salary through your employer.
  • Unlimited personal use of the vehicle.

Learn more

Why CommBank car and equipment finance?

Get the right deal

Our Australian based Asset Finance Specialists are here to help you with your car and equipment finance. So whether you’re a small business or large corporation, our local team will help you get the right solution.

Control your costs

We’ll look at your cash flow and business structure to work out a range of finance options for your business.

Get funding fast

Once your application’s been approved, you’ll get funding within 4 hours of signing your contract online. Using our SmartSign paperless technology, there’s no need to print, get a witness’ signature or even find a pen.

We'll help you

We’ll try our best to make things easy and work with you to manage your finance, even if your business circumstances change.

4 easy steps to get funding – how it works

Step 1

We’ll give you a breakdown of the costs and interest. We just need to know:

  • The type of car or equipment you’d like to finance
  • How old it is
  • The amount of finance you need.

Step 2

Eligible small business customers can receive a conditional credit decision online. Once you’ve applied:

  • We’ll give you a call and make sure we’ve got all the details we need.

Step 3

When your application is approved:

  • You can sign your finance agreement online using our SmartSign paperless technology.

Step 4

Leave the rest with us:

  • We’ll transfer the money to your supplier within 4 hours of you signing your agreement online.

Want to explore some more options?

Our business loan selector helps you find the right lending solution for your business, whether you’re launching a new initiative, growing your business or just keeping up with change. 

Find a lending solution
Business lending options

24/7 Australian based support

Call 1800 277 387 any time

Call 1800 277 387

8am - 8pm (Sydney/Melbourne time), Monday - Friday
(1800 ASSETS)

Important information

As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on the information, consider its appropriateness to your circumstances. Applications are subject to the Bank’s normal credit approval and suitability of the asset. Fees and conditions apply.