What rate and term apply to it equipment hire purchase?

Indicative it equipment finance rates are From ~7.6% p.a. (prime borrower) — subject to credit, with terms of 24–48 months (matched to refresh cycle) and deposit/LVR of Up to 100% on new from a recognised supplier. Your actual rate depends on the it equipment, its age and condition, your deposit and term, and your business credit profile — and is set by the lender on approval. Figures here are indicative only, not a quote.

Operating lease vs hire purchase for IT?

IT hardware obsolesces quickly so operating lease is often preferred — fixed monthly cost, refresh at end of term, no residual-value risk on tech that may be worth little. Hire purchase wins where you plan to keep the kit beyond the obvious useful life and want to claim depreciation.

Can I finance laptops for staff?

Yes — bulk laptop and desktop refresh programmes are routinely financed via operating lease or HP. Bundled with monitors, docking stations and peripherals on one contract is common.

IT Equipment Finance · Hire Purchase

IT Equipment hire purchase

Fund it equipment 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

IT Equipment finance structured as hire purchase means you own it outright at the end of the term. 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 hire purchase right for it equipment?

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 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 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

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 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 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. Hire Purchase is a common way to fund it equipment 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.