Here's what you get

  • The certainty of fixed vehicle or equipment rentals for the length of your lease
  • A lease term generally between 12 and 60 months
  • You choose the vehicle or equipment you need, and NAB buys it from the supplier and leases it to you
  • A variety of end of lease options to suit your needs
  • Advice from our dedicated equipment finance specialists and bankers that understand your business needs.

Eligibility criteria

  • Your business has a valid Australian Business Number (ABN)
  • Your business is registered for Goods and Services Tax (GST)
  • You intend to use the product mostly for business purposes.

What can you finance?


Cars, utes and vans

Heavy vehicles

Trucks, trailers and buses

Agricultural equipment

Tractors, trowels, cultivators and more

Construction and access equipment

Excavators, loaders, forklifts, scissor lifts and more

Other equipment

Computers, fitouts and manufacturing

What it'll cost to get started

$0 Upfront deposit

Get the vehicle or equipment you need with no deposit upfront.

$0 Monthly fees

No additional monthly fees for maintaining your Finance Lease.

$550 Initial set up fee

Includes $522.50 Documentation and Settlement fee (inc GST) and $27.50 Personal Property Securities Register (PPSR) Registration & Maintenance fee (inc GST).1

What will your rental payments be?

Rental payments vary depending on what you're looking to buy, so let a NAB business banker tailor a solution for you.

Apply in four easy steps

  • Step 1 Choose your vehicle or equipment

    Find the right asset for your business. If you’re unsure talk to a NAB business banker.

  • Step 2 Apply

    You can apply over the phone or in any NAB branch with a business banker.

    Check what documents you need to apply

  • Step 3 Sign documents

    Once the details are sorted, we’ll send you the documents to sign and return.

  • Step 4 Collect the vehicle or equipment

    Once all documents are received and your vehicle or equipment is ready to be collected, we’ll pay the supplier within one business day.

Chat to one of our friendly business bankers today

Choosing business finance

How to select Equipment Finance for your business

Arranging car finance, machinery hire or purchasing other business equipment can seem complicated. However, there is a range of flexible Equipment Finance options to suit your business and provide you with more opportunity to use your working capital to help grow your business. Options include an equipment loan, hire purchase or finance lease agreement.


Frequently asked questions

What are the eligibility criteria?

  • Your business has a valid Australian Business Number (ABN).
  • Your business must be registered for Goods and Services tax (GST).
  • You intend to use the product mostly for business purposes.

Are there any other fees?

Additional fees may apply if:

  • You already own the vehicle or equipment
  • You are purchasing the vehicle or equipment from a person or business that:
    • Does not have an ABN, or
    • Is not registered for GST, or
    • Does not generally sell this type of equipment as part of their normal course of business
  • You are purchasing specialised equipment
  • You want to make a change to the loan after it has been drawn down
Full details can be found in our Fees & Charges guide.

What are my end of lease options?

At the end of the lease term:

  1. You must return the goods to NAB
  2. You can make an offer to purchase the goods
  3. You can make an offer to lease the goods for a further term

Who owns the vehicle or equipment?

We own the vehicle or equipment, however you are able to make an offer to buy it from us at the end of the lease agreement.

What are my purchase options?

You have the freedom to choose new or used, from a dealer or a private seller (as long as they have an ABN and are registered for GST).

How can I structure repayments?

We offer a range of flexible repayment structures including monthly, quarterly, seasonal or tailored to your business.

What are the tax benefits?

Some customers may be able to claim input tax credits for GST included on rental amounts and related fees as well as claim the rental amount as a deduction.

We recommend that you seek independent tax advice.

What if I'm making multiple purchases?

If you have a number of vehicle or equipment purchases to make throughout the year, we can set you up with a limit to save you applying multiple times. Contact us to learn more.

What if I've already made the purchase?

If you’ve already paid for the vehicle or equipment, it’s not too late – we can buy it from you, reimburse you for the cost, and lease it back to you.

Can I make a deposit on the vehicle?

Unfortunately not. We need to pay for 100% of the vehicle’s cost and cannot accept a deposit or proceeds of a trade in.

Other options that may interest you

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Vehicle and Equipment Loan

The easy way to purchase vehicles or equipment. Keep money in your business with no upfront deposit.

car garage

Novated Lease

Choose the vehicle you want with salary packaging, providing a range of benefits for businesses and employees.

truck terminal

Hire Purchase

Get the vehicle or equipment your business needs with no upfront deposit and own it at the end of the hire period.

Important information

1The Personal Property Securities Registration and Maintenance fee is payable for each asset you purchase and finance. Fees apply for standalone facilities and those drawn under a Master Asset Finance Agreement. Additional fees may apply, refer to our Business Banking Fees and Charges and Interest rates, fees and charges for more information.

Lending criteria and terms and conditions apply (available on application).

The tax comments provided in this document are of a general nature. NAB recommends that you seek independent tax advice in respect of the tax consequences arising from the use of any NAB Equipment Finance solution as they apply to your particular circumstances.

These products are issued by National Australia Bank Ltd ABN 12 004 044 937.

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