Skip to main content
A AssetFinance.nz Get matched

Medical Equipment Finance · Finance Lease

Medical Equipment finance lease

Fund medical 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

Medical Equipment finance structured as finance lease means you lease it over its useful life, with an option to buy at the residual. 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 finance lease right for medical 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 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 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

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 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 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.

Get medical equipment finance lease quotes

Answer a few questions and we'll match you with the NZ lenders most likely to fund your medical equipment on finance lease.

Get matched in 60 seconds

Frequently asked questions

Yes. Finance Lease is a common way to fund medical 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.