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IT Equipment Finance · Finance Lease

IT Equipment finance lease

Fund it equipment on finance lease and lease it over its useful life, with an option to buy at the residual. Indicative rates From ~7.6% p.a. (prime borrower) — subject to credit.

Quick answer

IT Equipment finance structured as finance lease means you lease it over its useful life, with an option to buy at the residual. IT equipment finance funds hardware for NZ businesses — laptops, desktops, monitors, servers, networking, AV, point-of-sale, security cameras and similar. Because IT hardware refreshes fast, operating lease is more popular than hire purchase in IT than other asset categories — predictable cost, easy refresh, off the balance sheet pre-IFRS 16.

Is finance lease right for it equipment?

Finance leases are popular for equipment like IT and medical gear, turning the cost into a deductible operating expense across the equipment’s useful life.

About it equipment finance

IT equipment finance funds hardware for NZ businesses — laptops, desktops, monitors, servers, networking, AV, point-of-sale, security cameras and similar. Because IT hardware refreshes fast, operating lease is more popular than hire purchase in IT than other asset categories — predictable cost, easy refresh, off the balance sheet pre-IFRS 16. Hire purchase and chattel mortgage are also used where the business plans to own and depreciate. Indicative rates from ~7.6% p.a. with terms typically 24–48 months matched to refresh cycles.

Why finance lease

  • ✓Lease payments are deductible operating expenses
  • ✓No GST charged upfront on the asset — GST is on each lease payment
  • ✓Often easier approval than a traditional loan for new businesses
  • ✓Predictable fixed payments
  • ✓May suit assets with strong second-hand market (machinery, plant)

Trade-offs to weigh

  • –You do not own the asset during the term
  • –Buying out at end of term usually requires negotiating residual
  • –Less flexibility than hire purchase if you want to sell mid-term

IT Equipment finance at a glance

Indicative rate
From ~7.6% p.a. (prime borrower) — subject to credit
Typical term
24–48 months (matched to refresh cycle)
Deposit / LVR
Up to 100% on new from a recognised supplier
Lenders
UDC Finance, BNZ Asset Finance, ANZ Asset Finance

What you can fund

Laptops, desktops and monitorsServers and storageNetworking (switches, firewalls, access points)AV, conference room and video systemsPoint-of-sale (POS) and kitchen display systemsSecurity cameras and access control

How finance lease is treated

Ownership during term Lender owns the asset
Ownership at end of term Lender (with option to purchase at residual)
Who claims depreciation Lender
GST treatment GST on each lease payment (not upfront)

See the full breakdown in the finance lease guide, compare all four structures on the comparison page, or read more on it equipment 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. Finance Lease is a common way to fund it equipment for New Zealand businesses — it means you lease it over its useful life, with an option to buy at the residual. A finance lease is an arrangement where the lender owns the asset and rents it to your business for an agreed term, with you taking on most of the risks and rewards of ownership economically. Lease payments are treated as an operating expense for tax purposes. All applications are subject to lender credit approval.