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Fitout Finance · Hire Purchase

Fitout hire purchase

Fund fitout on hire purchase and own it outright at the end of the term. Indicative rates From ~7.6% p.a. (prime borrower) — subject to credit.

Quick answer

Fitout finance structured as hire purchase means you own it outright at the end of the term. Fitout finance funds the build-out cost of retail stores, hospitality venues (cafes, restaurants, bars), professional offices and clinics — including cabinetry, joinery, kitchen and bar equipment, refrigeration, lighting, flooring, signage, security and AV. Most NZ fitout finance is structured as hire purchase or chattel mortgage on the itemised supplier invoices.

Is hire purchase right for fitout?

Hire purchase lets you own the equipment at the end and claim depreciation — a fit for equipment that holds useful value well beyond the finance term.

About fitout finance

Fitout finance funds the build-out cost of retail stores, hospitality venues (cafes, restaurants, bars), professional offices and clinics — including cabinetry, joinery, kitchen and bar equipment, refrigeration, lighting, flooring, signage, security and AV. Most NZ fitout finance is structured as hire purchase or chattel mortgage on the itemised supplier invoices. Indicative rates from ~7.6% p.a. with terms typically 36–60 months matched to the lease term and useful life of the fitout.

Why hire purchase

  • ✓Ownership transfers to you at the end of the term
  • ✓Fixed interest rate and fixed repayments — easy to forecast
  • ✓Claim depreciation and interest on your tax return
  • ✓Up to 100% finance available for established businesses on eligible new assets
  • ✓Asset shows as a fixed asset on the balance sheet

Trade-offs to weigh

  • –The asset shows as a liability on the balance sheet until paid off
  • –Lender holds security over the asset until final payment
  • –Early-termination fees may apply if you exit before the end

Fitout finance at a glance

Indicative rate
From ~7.6% p.a. (prime borrower) — subject to credit
Typical term
36–60 months (matched to lease and useful life)
Deposit / LVR
Up to 100% of itemised supplier invoices (established business)
Lenders
UDC Finance, Heartland Bank, Spinach

What you can fund

Retail shop fitouts — cabinetry, displays, lighting, POSCafe, restaurant and bar fitouts — kitchen, refrigeration, joineryOffice fitouts — workstations, partitions, meeting rooms, AVClinic and salon fitouts — chairs, cabinetry, treatment roomsSignage, branding and exterior fitoutSecurity, access control and CCTV

How hire purchase is treated

Ownership during term Lender (security)
Ownership at end of term You — automatic on final payment
Who claims depreciation You
GST treatment Claim GST on asset cost upfront (cash/invoice basis)

See the full breakdown in the hire purchase guide, compare all four structures on the comparison page, or read more on fitout finance.

Rates, terms and LVR are indicative market ranges for guidance only — not a quote, not financial or tax advice, and subject to lender credit approval. Confirm tax and accounting treatment with your accountant.

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Frequently asked questions

Yes. Hire Purchase is a common way to fund fitout for New Zealand businesses — it means you own it outright at the end of the term. Hire purchase is a fixed-term finance agreement where you pay off the cost of an asset in regular instalments and take ownership at the end. The lender holds security over the asset until the final payment. All applications are subject to lender credit approval.