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Medical Equipment Finance · Operating Lease

Medical Equipment operating lease

Fund medical equipment on operating lease and rent it for a fixed term with predictable cost, then hand it back. Indicative rates From ~7.6% p.a. (prime borrower) — subject to credit.

Quick answer

Medical Equipment finance structured as operating lease means you rent it for a fixed term with predictable cost, then hand it back. 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 operating lease right for medical equipment?

Operating leases suit fast-moving equipment such as IT hardware that you refresh every two to three years and prefer to hand back rather than own outright.

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 operating lease

  • ✓Off balance sheet in some accounting treatments (subject to IFRS 16)
  • ✓Lease payments are typically fully deductible operating expense
  • ✓Residual-value risk sits with the lender, not you
  • ✓Maintenance, servicing, tyres and registration often bundled (fully maintained operating lease)
  • ✓Hand the asset back at end — no resale hassle

Trade-offs to weigh

  • –You never own the asset
  • –Early termination fees can be material
  • –Mileage / utilisation limits apply — overage charges if exceeded

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 operating lease is treated

Ownership during term Lender
Ownership at end of term Lender — you hand it back
Who claims depreciation Lender
GST treatment GST on each lease payment

See the full breakdown in the operating 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.

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Frequently asked questions

Yes. Operating Lease is a common way to fund medical equipment for New Zealand businesses — it means you rent it for a fixed term with predictable cost, then hand it back. An operating lease is a rental arrangement where your business pays to use an asset for a fixed term without taking on ownership. The lender carries the residual-value risk — at the end of the term you simply hand the asset back. All applications are subject to lender credit approval.