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Medical Equipment Finance · Chattel Mortgage

Medical Equipment chattel mortgage

Fund medical equipment on chattel mortgage and own it from day one, with GST on the asset claimable upfront. Indicative rates From ~7.6% p.a. (prime borrower) — subject to credit.

Quick answer

Medical Equipment finance structured as chattel mortgage means you own it from day one, with GST on the asset claimable upfront. Medical equipment finance funds clinical and diagnostic equipment for NZ GP practices, specialist clinics, dental practices, physiotherapy, optometry, labs, veterinary practices and hospitals. Common assets include imaging (ultrasound, x-ray, CT), dental chairs and CBCT, sterilisation units, lab analysers, surgical equipment, defibrillators and physio equipment.

Is chattel mortgage right for medical equipment?

A chattel mortgage gives day-one ownership and lets a GST-registered business claim the GST on the equipment upfront, while you depreciate it over its life.

About medical equipment finance

Medical equipment finance funds clinical and diagnostic equipment for NZ GP practices, specialist clinics, dental practices, physiotherapy, optometry, labs, veterinary practices and hospitals. Common assets include imaging (ultrasound, x-ray, CT), dental chairs and CBCT, sterilisation units, lab analysers, surgical equipment, defibrillators and physio equipment. Most medical equipment is funded as hire purchase, chattel mortgage or finance lease. Indicative rates from ~7.6% p.a. for prime borrowers with terms typically 36–60 months.

Why chattel mortgage

  • ✓You own the asset from day one — it sits on your balance sheet immediately
  • ✓Claim full GST on the asset cost in the period of purchase (subject to GST basis)
  • ✓Claim depreciation and the interest portion of repayments
  • ✓Fixed rate, fixed payments — easy to budget
  • ✓Lender registers PPSR security; otherwise unencumbered by lender ownership

Trade-offs to weigh

  • –You bear depreciation risk over the term
  • –Sale before end-of-term requires paying out the loan first
  • –Asset and liability both on balance sheet — increases gearing optics

Medical Equipment finance at a glance

Indicative rate
From ~7.6% p.a. (prime borrower) — subject to credit
Typical term
36–60 months
Deposit / LVR
Up to 100% on new from a recognised supplier (established practice)
Lenders
UDC Finance, Heartland Bank, BNZ Asset Finance

What you can fund

Ultrasound, x-ray, CT, MRIDental chairs, CBCT scanners, intraoral scannersSurgical and theatre equipmentSterilisation and autoclavesLab analysers and pathology equipmentPhysio, audiology and optometry equipment

How chattel mortgage is treated

Ownership from day one You (business)
Who claims depreciation You
GST treatment Claim full GST on asset cost upfront (cash/invoice basis)
Typical term 24–60 months

See the full breakdown in the chattel mortgage guide, compare all four structures on the comparison page, or read more on medical 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. Chattel Mortgage is a common way to fund medical equipment for New Zealand businesses — it means you own it from day one, with GST on the asset claimable upfront. A chattel mortgage is a finance structure where you (the business) take legal ownership of the asset on day one, and the lender registers a security interest over it on the Personal Property Securities Register (PPSR). You pay regular instalments over the agreed term, claim depreciation and the interest portion of each payment, and you can claim the full GST on the asset cost upfront in your next return. All applications are subject to lender credit approval.