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Asset finance

Truck finance, compared.

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Quick answer

Truck finance in New Zealand funds light, medium and heavy commercial trucks for transport, logistics, civil, construction and freight businesses. Most NZ truck finance is structured as hire purchase or chattel mortgage so the business owns the truck at the end. Indicative rates start from around 7.6% p.a. for prime borrowers on new trucks from a recognised dealer, with up to 100% finance available and conditional approval often inside 1–2 business days. Used trucks are funded across the major NZ asset-finance lenders, typically up to 8–10 years of age at end of term.

What we finance

  • Heavy trucks (8x4, 6x4, 6x2 rigid)
  • Prime movers and tractor units
  • Light and medium trucks
  • Curtain-siders, flat-decks, tippers, transporters
  • Refrigerated trucks and reefer units
  • Trailers, semi-trailers, dollies

At a glance

Typical structureHire purchase or chattel mortgage (most common); operating lease for fleets
Indicative rateFrom ~7.6% p.a. (new, prime borrower) — subject to credit
Typical term36–60 months (light/medium); up to 72 months on prime movers
Typical max financeUp to 100% on new trucks from a recognised dealer; 80–90% on used
Asset ageUsed trucks: typically up to 10 years of age at end of term

Indicative only. Actual offers depend on lender credit assessment, the asset, deposit and your business profile. All applications subject to lender credit approval.

Lenders we typically match

UDC Finance
Heartland Bank
Speirs Finance

Subject to each lender's credit assessment. Not all lenders quote on every enquiry.

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Related

Ute Finance

Ute finance is one of the most common NZ asset finance categories — funded across new and used Toyota Hilux, Ford Ranger, Mazda BT-50, Mitsubishi Triton, VW Amarok, Isuzu D-Max, Nissan Navara and others.

Excavator Finance

Excavator finance funds mini (under 6t), midi (6–12t) and full-size (12t+) tracked and wheeled excavators for NZ civil, construction, landscaping and demolition businesses.

Frequently asked questions

Yes. Most NZ asset-finance lenders fund used heavy trucks up to about 10 years of age at end of term. UDC, Heartland and Speirs are particularly active in used heavy truck finance. Pricing depends on age, mileage, vehicle category and your business profile.