Best Business Vehicle Lease Rates
Secure funding up to $2M+ in as little as 24 hours. Our LendIQ™ technology compares 80+ lenders to find your company's best deal.
Our Current Lease Rates for a Business Vehicle
Explore current commercial lease rates and vehicle specials in Australia from our panel of 80+ lenders. All available loans are displayed, and lenders do not pay for placement. Find your personalised rates by hitting ‘Compare Now’ and we'll handle the rest.
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6.99%
From
7.49%
From
6.69%
From
7.10%
From
7.15%
Secure Your Business Vehicle Lease in 3 Steps
Our process is built for business owners who value certainty and speed. We’ve removed the friction of traditional applications to deliver a confident, fast approval.
Outline Your Needs
Fill out our quick form so we can understand your unique situation. This initial step is free and won’t affect your credit score.
We Find Your Best Deal
Our LendIQ™ system instantly compares over 80 lenders, from major banks to specialist financiers, to find the best deal with the highest chance of first-application approval.
Funded & On the Road
If the arrangement suits you, confirm your details with our team. You can get approved and funded in as little as 24 hours.
Why Choose Lend for Your Business Vehicle Lease?
Access Specialist Lenders
Don’t waste time searching. We’ll help you compare rates and finance terms from multiple lenders that specialise in business vehicle lease.
Tailored Solutions & Support
A Lend specialist will guide you on your borrowing capacity and eligibility, and manage your finance from application to funding.
Smart LendIQ™ Technology
We’ve built our LendIQ™ technology to make getting business vehicle finance online faster and easier. No clunky processes or paperwork.
Best Business Vehicle Lease Comparison
Compare business vehicle lease deals in Australia from over 80 lenders. We show all available lease options on our database (and we’re not paid to promote certain lenders). Get the right lease sooner by checking your personalised rates from our lender panel. Simply hit ‘Compare’ and we’ll do the work for you.
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Making the Smartest Financial Decision for Your Business
Our goal is to find you the right vehicle lease. By comparing over 80 lenders, our recommendations are always focussed on your best outcome, ensuring you get the most suitable leasing arrangement.
"Most business owners come to us focused only on getting the lowest interest rate. But the real cost they often overlook is the opportunity cost of delays. A fast, certain approval that gets the asset working for you sooner is often far more valuable than a slightly lower rate that takes weeks to finalise."
Andrew Beckett, Head of Broker and Third Party Distribution
Take the Next Step to Secure Your Vehicle Lease
Stop letting vehicle acquisition drain your capital. In the next two minutes, you can use our LendIQ™ platform to find the most effective business vehicle lease for your needs.
Find your best lease deal in minutes. See competitive options now to protect your cash flow and secure the vehicle you need.
Our promise: no credit score impact
A Guide to Business Vehicle Finance
This guide provides a clear roadmap to navigate the complexities of vehicle finance and secure a fast loan approval for your business.
Updated: 1/15/2026
Vehicle Leasing By The Numbers
Our data and customer feedback provide a clear picture of our performance. We provide businesses with competitive, transparent, and fast leasing solutions.
57%
Vehicle Finance Approval Rate
$45,300
Average Business Vehicle Loan
33%
Loans to Businesses Under 2 Years
95%
Dominant Finance Structure: Chattel Mortgage
Ford Ranger
Top Financed Ute in Australia
Eligibility Criteria for a Business Vehicle Lease
While every lender has slightly different criteria, the following are the baseline requirements for most business vehicle finance applications. If you meet these, there is a very high chance of securing an approval.
- Your business has an active Australian Business Number (ABN) or Australian Company Number (ACN).
- Your business has been operating for at least 6 months.
- You are a Director of the company and hold a valid Australian Driver's Licence.
- Your business can demonstrate a consistent monthly turnover.
How Business Vehicle Leasing Works
Business vehicle finance allows a company to acquire vehicles without the large upfront capital investment. Instead of paying the full price, a lender covers the cost, and the business repays the loan over an agreed term with interest. This structure preserves working capital for other operational needs. Key features include:
- Flexible lease terms, generally from 1 to 7 years to manage cash flow.
- Fixed monthly payments for predictable budgeting.
- A residual value (a final lump sum payment) can be set to lower monthly costs.
- Tax-deductible payments in most cases.
- Options at the end of the term to purchase, trade-in, or return the vehicle.
- No deposit financing options are often available.
- The ability to bundle running costs like registration and insurance into the lease.
Your Questions Answered
You have three choices: pay the residual amount to own the vehicle, refinance the residual, or hand the vehicle back and upgrade to a new model under a new lease.
Yes. We specialise in securing finance for new businesses, including sole traders with an ABN for as little as 6 months. We build your case around your business plan and viability.
No, this is a common misconception. For vehicle leasing, the vehicle itself acts as the primary security for the finance. We can help you access competitive rates without needing property backing.
While major banks often have rigid age limits, many specialist lenders do not. Finance can often be secured for quality older vehicles based on the asset's condition and value to the business. Some financiers on our panel have no age limit at all.
How to Apply for a Vehicle Lease and Get Fast Approval
While traditional bank loan approvals can take several weeks, a streamlined process with a specialist lender can take as little as 24 hours. Being prepared is the key to accelerating the timeline from application to approval.
Step 1: Gather Your Documentation
Have your key documents ready before you approach a lender. This typically includes your ABN or ACN and a driver's licence for all directors. For a low documentation lease where you have a strong profile but limited paperwork, we typically use a work source letter, a financier reference, the vehicle invoice, and your Driver's license and Medicare card instead of full tax returns.
Step 2: Complete the Pre-Approval Process
Pre-approval is powerful. It gives you confidence walking into any dealership knowing you have a lease arrangement ready to go. You can get a pre-approval by providing your initial financial details, which has no impact on your credit score. We will assess your profile and provide a conditional offer, outlining how much you can borrow and at what indicative rate.
Step 3: Find Your Vehicle and Submit the Formal Application
Pre-approval is powerful. It gives you confidence walking into any dealership knowing you have a lease arrangement ready to go. You can get a pre-approval by providing your initial financial details, which has no impact on your credit score. We will assess your profile and provide a conditional offer, outlining how much you can borrow and at what indicative rate.
Step 4: Sign Documents and Settle the Deal
After you review and electronically sign the loan contracts, you will need to provide a Certificate of Currency (proof of comprehensive insurance). The lender will then transfer the funds directly to the seller. Once payment is confirmed, you can pick up your new vehicle.
Helpful Finance Calculators
Match the Right Business Vehicle Lease to Your Goal
Choosing the right lease structure is a strategic decision that impacts your cash flow, balance sheet, and tax position. A financial specialist or accountant can help you select the ideal structure for your business goals.
Lease Structure | Best For | Considerations |
|---|---|---|
Finance Lease | Businesses that want the option to own the vehicle at the end of the term. Payments are generally tax-deductible. | The business takes on the risk of the asset's residual value. It is typically shown on the balance sheet. |
Operating Lease | Businesses wanting a simple, off-balance sheet solution with no residual value risk. It's a true rental where you hand the vehicle back at the end. | You have no option to own the vehicle. Kilometre limits and fair wear and tear conditions usually apply. |
Novated Lease | Providing a vehicle to an employee as part of a salary package. It's a three-way agreement between the employer, employee, and finance company. | Can be complex to administer and is only suitable for employee vehicles, not general business assets. |
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Reputable finance broker services operate by putting your needs first. Their role is to scan the market to find the most suitable loan for you. Because they have access to a wide panel of lenders, they create a competitive environment that results in a better deal for your business.
A finance broker is typically paid a commission by the financier who provides the lease. This means there is no direct fee for you as the borrower.
No. A preliminary enquiry or pre-approval will have no impact on your credit score. A credit check is only performed by a lender with your full consent when you decide to proceed with a formal application.
Yes. Many specialist lenders understand that past credit issues can occur. They will look at your whole business story, not just a single credit event, and a strong approval rate is possible for clients with paid defaults.
Some lenders have usage clauses, but our job is to understand your business operations and match you with a lender whose terms fit your specific needs, ensuring no unexpected fees.
Absolutely. We can arrange finance for vehicles purchased from dealerships, registered auction houses, and private sellers, giving you the flexibility to find the right asset at the right price.
A low-documentation (low-doc) lease is a finance option for businesses that may not have up-to-date tax returns. Instead of full financials, we can often use alternative documents for clients with strong profiles. This typically includes a work source letter justifying the asset, a reference from another financier, the asset invoice, and standard identification like a Driver's license and Medicare card.
Yes, most commercial leases can be terminated early. However, this will typically involve an early termination fee, which is calculated based on the remaining payments. If you think you may need this flexibility, it's important to discuss it upfront so we can match you with a lender that has favourable terms.
What Happens After Your Business Vehicle Lease is Approved
Once you receive approval, the final steps are simple and fast. The administrative work is handled for you so you can focus on your business.
- Digital Document Signing: Lease documents are sent to you to be signed electronically on your phone or computer.
- Provide Proof of Insurance : You will need to supply a 'Certificate of Currency' from your insurer showing the vehicle has comprehensive insurance cover.
- Final Checks and Settlement : Your finance team does a final check of all paperwork and the vehicle's history on the Personal Property Securities Register and then pays the seller directly. They will then notify you that you can pick up your new vehicle.
Andrew Beckett is a finance executive with extensive Fintech expertise. As Head of Broker and Third Party Distribution at Lend, he fostered key partnerships, including COG aggregation and CAFBA. With prior sales roles in various fintech and finance companies, Andrew has been instrumental in transforming Australia's financial market, shaping new lending practices in the commercial lending space.
Andrew Beckett, Head of Broker and Third Party Distribution
Phil Druce leads the company’s technology and operations. With 20 years of experience in technology businesses, Phil has consistently driven growth through strategic planning and execution. Since 2016, he has been dedicated to creating technology-driven products and services at Lend, optimising processes, and delivering outstanding client experiences.
Phil Druce, Chief Operations Officer
Stories From Our Clients
Securing a Unique Work Vehicle Against the Odd
Tony, a motorcycle mechanic with some credit impairments, needed to purchase a Harley Davidson for marketing and work use. Justifying the bike for business purposes was a challenge, on top of his credit history. Thanks to our strong lender relationships, we were able to structure the deal and secure his finance over a 5-year term, with the funds settled within 48 hours of his application.
Urgent Funding for a Private Ute Sale
A landscaping business found the perfect second-hand ute on Carsales, but the private seller had multiple cash offers. Banks were too slow to help. We fast-tracked a pre-approval, helped the client arrange a third-party inspection, and had funds ready for settlement in under 48 hours. This allowed them to confidently secure the vehicle before other buyers could, preventing a major disruption to their operations.
Financing an Older Asset Banks Wouldn't Touch
A small construction firm needed a specific 10 year old crane known for its reliability, but traditional lenders refused to finance it due to a strict age of asset policy. We worked with a specialist lender who understood the asset's true value and had no age limits. We secured funding quickly, enabling the client to acquire a vital piece of equipment that was perfectly suited for their jobs at a fraction of the cost of a new model.
Why Australia Trusts Lend
Find Your Best Match Now
Find your best offer from 80+ lenders now. Get a fast, data-driven decision and see your approval in as little as 24 hours to secure the best business vehicle lease deals available.
Our promise: no credit score impact