Quick answer
Equipment finance is a broad category of asset finance covering business equipment of all kinds — manufacturing plant, machinery, IT hardware, fitout, tools, specialised equipment. It is delivered through standard NZ asset finance structures (hire purchase, finance lease, operating lease, chattel mortgage) tailored to the asset and your business. Indicative rates start from around 7.6% p.a. with up to 100% finance available for established businesses on new equipment from a recognised supplier.
Who it suits
- You need to acquire business equipment without large upfront cash
- You want to preserve working capital for operations
- The equipment will earn or save you money during the finance term
- You want structure flexibility (HP / lease / chattel mortgage)
Pros
- · Up to 100% finance available on new equipment from a recognised supplier
- · Choose the structure that matches your tax and accounting position
- · Spread cost over the equipment's useful life
- · Equipment is its own security — no need for property collateral
- · Approval often faster than traditional business loans
Cons
- · Limited to equipment you can identify on an invoice (not general working capital)
- · Secondary or specialised equipment may attract higher rates or shorter terms
- · Total cost over the term exceeds the upfront cash price
- · Early termination fees may apply
At a glance
| Eligible assets | Plant, machinery, IT, fitout, tools, specialised equipment |
| Structures available | Hire purchase / Finance lease / Operating lease / Chattel mortgage |
| Typical term | 24–60 months (some up to 84 months) |
| Deposit | 0–20% (new), 10–30% (used) |
| Indicative rates | From ~7.6% p.a. (subject to credit) |
| Max finance | Up to 100% of invoice (new, established business) |
| Used equipment | Funded — age at end of term typically capped at 8–10 yrs |
| GST treatment | Depends on structure (HP/CM: upfront; lease: per payment) |
Equipment finance pricing depends heavily on asset type, age, term, deposit and your business profile. Subject to lender credit assessment.
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