Vehicle and equipment finance
COVID-19: Help for business customers with loans
Eligible Westpac business customers can defer principal and interest repayments of business term loans and equipment loans for up to six months.
Business vehicle finance
We’ve waived the establishment fee (usually from $450) on vehicle finance applications settled by 30 June 2020#. Terms and conditions apply.
Buy, hire or lease the latest model without tying up your cash flow.
- On the spot conditional approval for eligible customers*
- Take advantage of potential tax benefits.
Business equipment finance
We’ve waived the establishment fee (usually from $450) on Equipment Finance applications settled by 30 June 2020#. Terms and conditions apply.
Buy, hire or lease - the choice is yours when it comes to financing plant and equipment.
- Structure repayments to take advantage of potential tax benefits
- Fund equipment and machinery using the asset as security.
Things you should know
# Establishment fee waived: Information is correct as at 30 March 2020. This offer comprises of waiving the relevant establishment Fee (usually from $450) on Westpac Vehicle and Equipment Finance applications (excluding novated lease). This offer is only available to Business customers for business purposes and only for new applications for vehicles and equipment finance applications which are settled before 30 June 2020. All other fees outlined on the product page and in the General Terms apply. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time.
* Credit criteria, terms and conditions, fees and charges apply. Available to existing Westpac account holders only.
Applications for vehicle and equipment finance are subject to the Bank's normal lending criteria. Credit criteria, terms and conditions, fees and charges apply.
The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Customers must seek their own independent tax advice in relation to their individual circumstances.