Help & support
They’re coming to the end of their finance agreement and are thinking about upgrading to a newer model. Because they’ve paid their last 12 repayments on time and their new machinery is eligible, we can help them upgrade without needing additional financial information.
They can also increase their previous repayments by up to 25% to cover any cost increases or add accessories.
This information is current as at 13 July 2026 and is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should consider the appropriateness of this information to your circumstances before acting on it.
1 Applications must fund by 30 June, 2027.
2 Credit provided by Commonwealth Bank of Australia. Asset Finance is only available to approved business customers for business purposes only. All applications are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes and are therefore not guaranteed. You should view our Current Terms and Conditions for Asset Finance and consider them before making any decision to proceed with your application.
3 Our Simple Replacement Pathway is available for businesses that are upgrading or replacing business cars or equipment currently under finance. Approvals are conditional and subject to the replacement asset being suitable to the Bank. Acceptable evidence of good payment history is required. The asset being purchased must not be older than the asset being replaced. The finance agreement on the asset being replaced must be repaid and the new repayment must not increase by more than 25%. Additional information may be requested depending on your application details, the asset being financed and individual circumstances.
4 The example is fictitious and used for illustrative purposes only.