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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:

  • No GST on loan repayments
  • You may be able to claim GST input tax credits and the depreciation and interest components of the repayments.
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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 included in the price of the hire purchase.

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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.
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Novated lease

Novated lease

Lease it through salary sacrifice

Suitable for:
Cars

Key facts:

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

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Equip Magazine - Issue 05/Autumn-Winter 2016

The latest edition of 'equip' features insights into hybrids, Novated Leasing and selling your used equipment.

Download equip (PDF | 1.5 mb)

Why CommBank car and equipment finance?

Get the right deal

Whether you’re a small business or large corporation, our Australian based Asset Finance Specialists are here to help you get the solution that suits you.

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 four hours of signing your contract online. Using 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.

From signing to finance in four hours

Once your application’s been approved and we have everything we need, the next step is for you to sign your agreement online. Then kick back, relax, and leave the rest to us. We’ll transfer the money to the supplier so you can get your new car or equipment quickly.

Four 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:

  • What you want to finance
  • How old it is
  • The finance amount.

Step 2

The process is fast and simple:

  • Eligible CommBank customers can receive a conditional credit decision online. Otherwise we will contact you to process your application over the phone.

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 four hours of you signing your agreement online.

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

Things you should know:

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. 

You should seek independent, professional tax advice before making any decision based on this information.

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