Sale & Leaseback for Vehicles
Sale and leaseback vehicle finance lets your business unlock cash from a vehicle you already own while continuing to use it. The vehicle is sold to a finance provider and leased back to your business, giving you access to working capital while keeping the vehicle on the road.
How Sale and Leaseback for Vehicles Works in Australia
With a vehicle sale and leaseback, the lender values your vehicle, purchases it from your business and leases it straight back to you. You receive the agreed funds and continue using the same vehicle while making fixed lease repayments over an agreed term.
Nothing changes operationally. Your vehicle stays on the road and you unlock the equity tied up in it.
Sale and leaseback generally works best with late model, well maintained vehicles with clear title, subject to lender criteria, valuation and approval.
We compare vehicle sale and leaseback finance across our lender panel to help you access the most cash available at a competitive rate and structure.
Example: $50,000 Vehicle Sale and Leaseback
If your business owns a vehicle outright worth $50,000, a lender may agree to purchase the vehicle for up to $50,000, subject to its valuation and lending criteria.
Your business receives the funds and leases the same vehicle back, allowing you to continue using it every day while making agreed repayments.
The $50,000 could be used for working capital, a tax bill, a deposit on another vehicle or trailer, repairs, wages, business growth or seasonal cash flow, while your existing vehicle stays on the road earning income.
The actual amount available, repayments, rates, fees and end of term options will depend on the lender, vehicle valuation and finance agreement.
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Vehicle Finance Solutions
Whatever your situation, there's a finance structure to suit — we'll match you to the right one for your business.
Low Doc, Light Doc & Full Doc Vehicle Finance
When applying for vehicle finance, lenders will generally offer Low Doc, Light Doc or Full Doc options. The right choice depends on your business structure, trading history, and the type of vehicle you're purchasing.
| Feature | Low Doc Vehicle Finance | Light Doc Vehicle Finance | Full Doc Vehicle Finance |
|---|---|---|---|
| Financial Statements Required | No | No | Yes |
| BAS Statements Required | No | Usually | Sometimes |
| Business Bank Statements | No | Yes | Sometimes |
| Approval Speed | Fastest | Fast | Standard |
| Interest Rates | Higher | Competitive | Most Competitive |
| Borrowing Capacity | Up to $500k | Up to $500k | Up to $10m+ |
| Ideal Outcome | Quick approval with minimal paperwork | Balance of flexibility and pricing | Best pricing and maximum borrowing power |
Which Option Is Right For You?
Need help deciding? Our finance specialists will assess your circumstances and recommend the most suitable asset finance solution for your business.
| If You Are… | Recommended Option |
|---|---|
| Self-employed or businesses with limited financial records | Low Doc |
| Businesses with bank statements and BAS available | Light Doc |
| Businesses with full financials | Full Doc |
Low Doc Vehicle Finance
Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.
Light Doc Vehicle Finance
Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.
Full Doc Vehicle Finance
Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.
Sale & Leaseback for Vehicles — frequently asked questions
What is sale and leaseback for vehicles?
Sale and leaseback allows your business to sell an existing vehicle to a finance provider and lease it back for continued business use. This can release cash tied up in vehicles your business already owns without taking them off the road.
How does vehicle sale and leaseback work?
With a vehicle sale and leaseback, the finance provider purchases an eligible vehicle from your business and leases it back to you. Your business receives funds from the sale and continues using the vehicle while making regular lease payments over an agreed term.
Why would a business use sale and leaseback for a vehicle?
Businesses may use vehicle sale and leaseback to unlock equity in existing vehicles and improve working capital or cash flow. It can provide access to funds while allowing the vehicles to remain in operation and generating income for the business.
Can I release cash from a vehicle I already own?
Yes. If your business owns an eligible vehicle outright, a sale and leaseback may allow you to release some of the value held in the vehicle. The amount available will depend on factors including the vehicle’s age, condition, market value and lender criteria.
Can I use sale and leaseback for multiple vehicles?
Yes, subject to lender approval. Businesses with multiple eligible vehicles may be able to use sale and leaseback across several vehicles to release capital from an existing fleet while continuing to use the vehicles.
What vehicles can be used for sale and leaseback?
Sale and leaseback may be available for different types of commercial vehicles, including prime movers, rigid vehicles, tippers and refrigerated vehicles. Vehicle age, condition, ownership and market value can affect lender eligibility.
Who owns the vehicle after a sale and leaseback?
Once the sale is completed, the finance provider generally owns the vehicle and your business leases it back under the agreed terms. Your business continues to use the vehicle for its operations.
How much can I borrow with a vehicle sale and leaseback?
The amount available will depend on the value of the vehicle or vehicles, their age and condition, your business circumstances and the lender’s criteria. A valuation may be required to determine how much capital can be released.
Can sale and leaseback help business cash flow?
Yes. One of the main reasons businesses consider a vehicle sale and leaseback is to release capital tied up in vehicles. The funds may provide additional working capital while allowing the business to continue using the vehicles.
What is the difference between sale and leaseback and refinancing a vehicle?
Vehicle refinancing generally replaces or restructures existing finance while you retain the existing ownership structure. A sale and leaseback involves selling the vehicle to a finance provider and leasing it back. Which option is suitable will depend on your vehicle, existing finance, cash flow requirements and business circumstances.
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