
Get exclusive money-saving offers and guides
Straight to your inbox
Looking to buy new equipment for your business? Vehicle and equipment finance from St.George gives you access to business funding from $15,000.
Business vehicle and equipment loans from St.George are available on terms from 1 year to 7 years, with flexible repayment terms.
$450
Upfront Fee
1 to 7 years
Loan Term
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | St.George Vehicle and Equipment Finance |
---|---|
Min. Loan Amount | $15,000 |
Max. Loan Amount | No maximum amount |
Loan Security | Secured |
Upfront Fee | $450 |
Loan Term | 1 to 7 years |
St.George Bank is taking part in the government's Coronavirus SME Guarantee Scheme. This means that it is giving eligible businesses access to government-backed loans of up to $250,000. Loans under the scheme do not require asset security and principal and interest repayments are not payable for the first six months.
In response to coronavirus, the government has also raised the instant asset tax write-off to $150,000. This means that vehicles and equipment bought for business purposes can be instantly written off in your next tax return, up to the value of $150,000, until 30 June 2020.
Getting a vehicle or equipment loan from St.George works in four different ways. You can either apply for a "goods loan", "hire purchase", "finance lease" or "novated lease". The difference between the four is explained below:
Goods loan | Hire purchase | Finance lease | Novated lease |
---|---|---|---|
You source the asset and St.George lends you the money to purchase it. The loan is secured against the asset. | St.George purchases the asset on your behalf and you buy it back in instalments. Once you repay the entirety of the loan, ownership transfers to you. | St.George purchases the asset and rents it to your business for an agreed-upon period of time. | A finance lease that is novated to your employer so that it takes on the responsibility for paying the rentals while you remain an employee. |
All vehicle and equipment finance loans from St.George are available from $15,000.
Features of a vehicle and equipment loan from St.George Bank include:
Other fees and charges, including government duties and GST, may apply.
If you're ready to apply for vehicle and equipment finance with St.George Bank, simply click "Go to site" to visit the website directly. From the website you can contact St.George or request a call back to discuss your options. St.George will respond to requests for call backs within two business days. To be eligible, you will need:
Remember that it's always a good idea to compare your options prior to submitting an application for finance.