Vehicle & Equipment Finance Application Checklist
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Core information for most applications
- Applicant/director full legal name, date of birth and contact details
- Driver licence or other accepted identification
- Residential address and history where required
- ABN/ACN and legal business name
- Business address, industry and trading history
- Requested finance amount and preferred term
- Details of existing loans, credit cards and other liabilities
Asset and supplier information
- Supplier/dealer name and contact details
- Tax invoice, purchase order or detailed quote
- Asset description, make/model and year
- VIN/serial number where available
- New or used status
- Purchase price, deposit/trade-in and amount to be financed
- Business-use purpose
Low-doc evidence that may be requested
Low-doc requirements are lender-specific. Do not collect every document by default if the selected lender does not require it.
- ABN and GST registration history
- Recent business bank statements
- Recent BAS
- Accountant declaration where accepted
- Evidence of business trading activity
Full-doc or larger applications
- Business tax returns
- Financial statements
- Individual tax returns/notices of assessment where required
- Year-to-date management accounts
- Business bank statements
- Details of existing finance facilities and limits
- Supporting explanation for material one-off items or unusual cash flow
Before the application is lodged
- Check the credit file if there may be adverse or incorrect information
- Confirm the legal applicant/entity is correct
- Confirm the requested amount matches the invoice and deposit/trade structure
- Disclose existing liabilities accurately
- Explain recent credit enquiries, defaults or unusual banking where relevant
- Make sure documents are current and legible
- Choose a lender based on policy fit before creating unnecessary credit enquiries
Frequently asked questions
Do I need tax returns for business vehicle finance?
Not always. Some low-doc policies use alternative evidence, while full-doc, larger or more complex applications may require tax returns and financial statements.
How many months of bank statements are required?
It varies by lender and product. Prepare recent business banking, but only provide the period actually required for the selected assessment pathway.
Can I apply before choosing the exact vehicle or equipment?
Indicative assessment may sometimes be possible, but settlement generally requires acceptable asset and supplier details.
Will a lender ask for BAS?
Possibly. BAS is commonly used as supporting evidence in some self-employed applications, but it is not universal.
Related resources
General information only. Individual lenders can request additional information and documents.