Vehicle and equipment finance for business
Our range of vehicle and equipment finance with tailored repayments can help suit your cash flow.
Repayments tailored to suit your cash flow
Businesses have their ups and downs. That’s why we’ll work with you to understand your vehicle and equipment needs, and tailor your repayments to suit your cash flow.
The Instant Asset Write-Off
Australian businesses may be eligible for the Australian government’s instant asset write-off. As part of the government’s 2020–21 Budget, it announced it will continue to support businesses and encourage new investment to increase business cash flow.
Purchasing vehicles and equipment qualifies as an asset and if you are eligible it allows you to claim the full cost of the depreciating purchased asset. Part of the qualifying criteria to be eligible for the write-off is that the asset needs to be bought, installed and used between October 6 2020 and June 30 2022. It’s available to businesses with a yearly turnover of less than $5 billion.
There are varying types of thresholds that make up the instant asset write-off, and depending on your businesses turnover, your asset purchase could even include second-hand purchases as well as new, or individual and multiple assets.
It’s best that you talk to your accountant or tax advisor for more information on the instant asset write-off; they’ll be able to give you all the nitty gritty information about eligibility and see how it may best assist your business.
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Vehicles
- Cars and vans
- Light commercial vehicles and trucks
- Trailers and buses
- Motorbikes
Equipment
- Forklifts and guillotines
- Bobcats and agricultural harvesters
- Dental chairs and ultrasound machines
- Office equipment
All lending provided by ANZ under the Government SME Recovery Loan Scheme is subject to ANZ's normal credit approval criteria. Terms and conditions and Fees and charges apply. For information and eligibility rules please visit Government SME Recovery Loan Scheme.
Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you.
ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide (PDF 104kB) before acquiring the product.
This is general information only and does not constitute tax advice. We recommend you obtain independent advice from a financial planner and registered tax agent if you are considering whether this product is right for you.
All applications for credit are subject to ANZ's normal credit approval criteria. Terms and conditions and Fees and charges apply.
Asset must be used for business purposes only, minimum amount $7,500. All applications for credit are subject to ANZ's normal credit approval criteria. Terms and conditions available on application. Fees and charges apply.