Financing solutions to fund your investment in green vehicles and equipment

  • CommBank is proud to support Australian businesses to invest in new and used electric and hydrogen vehicles and equipment, and generate their own renewable energy.

    Switching to green assets can support your business’ sustainability goals and may lead to energy cost savings. We offer financing solutions specifically to fund your investment in green vehicles and equipment that cover 100% of the purchase price and supporting infrastructure such as chargers and batteries.

Finance discounts on qualifying Green vehicles and equipment

Tell us about the green vehicles and equipment you are looking to order and you may qualify for a finance discount.

Up to 1% p.a. discount1 off the standard rate for:

  • New & used electric and hydrogen driven cars, vans, trucks and buses up to $250,000.

Up to 0.50% p.a. discount1 on a wide range of other qualifying assets up to $250,000, including:

  • Electric and hydrogen driven machinery
  • Solar, Wind and Hydro powered equipment
  • Charging and storage equipment including batteries
  • Retrofitting / Conversion costs to electrify vehicles and equipment

Looking to finance a Tesla for your business?

Access finance for the full range of new and used Tesla cars, chargers and batteries under one agreement.3


Why choose CommBank

Be rewarded for your good repayment history2

If you are replacing existing cars or equipment under finance, we won’t need additional financial information based on 12 months of good repayment history.

Transparent pricing

  • $0 upfront deposit
  • Finance 100% of the asset cost
  • Borrow from $20,000
  • No monthly fees
  • Fixed interest rates & repayments

Match a solution to your business needs

Choose an agreement that best suits your needs from an Equipment Loan (chattel mortgage), Hire Purchase, Finance Lease or Novated Lease (salary sacrifice for cars).

Manage your cash flow

Choose from a range of terms and select monthly or quarterly repayments to suit your cash flow needs. Typically, the equipment being financed acts as security for the loan, so there’s no need to tie up equity in other business assets.

How to get a quote

Contact your Relationship Manager, Equipment Finance Specialist or call 1800 ASSETS.

Once your application is approved, we'll ensure funding for new assets is available in line with your delivery time-frames.

Using SmartSign® paperless technology, there’s no need to print, get a witness’ signature or even find a pen.

Call 1800 ASSETS

Things you should know

  • This information is current as at 18 March 2024 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.

    Credit provided by Commonwealth Bank of Australia. These products are 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. You should view our current Asset Finance Terms and Conditions and consider them before making any decision about these products. All rates are subject to change. Fees, charges, terms, conditions and lending criteria apply.

    1 A discount may apply for qualifying green vehicles and equipment when you ask for it. No discounts are automatically applied and must be requested prior to funding. Any discounts apply to the standard carded rate and cannot be combined with any other pricing reductions. Discounts of up to 1% p.a. and 0.50% p.a. are limited to transactions less than $250,000. Discounts are available for qualifying assets over $250,000 by negotiation. Discounts offered are subject to change without prior notification. We reserve the right to modify or revoke any discount offered at any time, for any reason.

    2Additional information may be requested depending on your application details, the asset being financed and individual circumstances. 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 per cent.

    A discounted rate will apply for qualifying business use Tesla vehicles. The interest rate and repayment amount will be confirmed if an application is approved. We reserve the right to change, modify or revoke any discount or interest rate offered at any time, for any reason and without notice.