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Asset finance

Ute finance for NZ businesses.

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Quick answer

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. Most business ute finance is structured as hire purchase or chattel mortgage so the business owns the ute at the end and claims depreciation. New utes from a recognised dealer often qualify for up to 100% finance with conditional approval in 1–2 business days. Indicative rates from ~7.6% p.a.

What we finance

  • Toyota Hilux (single, extra, double cab)
  • Ford Ranger (single, super, double cab)
  • Mazda BT-50
  • Mitsubishi Triton
  • Volkswagen Amarok
  • Isuzu D-Max, Nissan Navara, Ssangyong Musso

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
Typical max financeUp to 100% on new from a recognised dealer; 80–90% on used
Asset ageUsed utes: typically up to 10 years 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

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

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Tell us about the asset and your business — we'll match you to NZ lenders most likely to fund it.

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Related

Frequently asked questions

Yes — if you are GST registered and the ute is used for business purposes, you can claim GST on the cost. The timing of the GST claim depends on the finance structure: chattel mortgage and hire purchase allow you to claim upfront; finance lease and operating lease spread the GST across each payment.