For employees

Lease the car through salary sacrifice

Payments are taken from your pre-tax salary by your employer. Choose to pay monthly or quarterly over a term of two to five years.

Option to own the car later

We’ll own the car and you can offer to buy it at the end of your lease agreement.

No maximum loan amount

Take out a minimum $10,000 loan with no maximum amount.

Portable lease

If you move employers,  the lease and vehicle move with you (if your new employer agrees).

For employers

Attract & retain employees

Giving employees the opportunity to buy a car with pre-tax income may increase their take home pay.

No balance sheet impact

Salary packaged vehicles are neither an asset or a liability, so there’s no impact on your balance sheet. Plus, if your employee leaves, the lease is theirs.

Rates & fees

Competitive interest rates

Fixed interest rates and repayments for the term of your loan. Get a fast online quote to see how much your interest rates and repayments will be.

Apply in four easy steps

1

Get a quote online

Calculate your monthly repayments and get a breakdown of your costs and interest. We'll need to know:

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

2

Simple application

Eligible CommBank customers can receive a conditional credit decision online. Otherwise we’ll call you to process your application. 

3

Sign your documents online

Once approved, you can sign your finance agreement online with our SmartSign paperless technology.

4

Get funding within four hours of signing

We'll transfer the money to your supplier within four hours of you signing your agreement online. 

Things you should know

The information on this page is for general information purposes only and 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, charges and conditions apply. Full terms and conditions will be provided with any agreement upon credit approval.

Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.