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Industry finance

Asset finance for construction & civil.

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Quick answer

Construction and civil is the second-largest NZ asset finance segment, covering excavators, loaders, dump trucks, cranes, telehandlers, prime movers, utes and supporting tools and equipment. Most construction asset finance is hire purchase or chattel mortgage with terms 48–84 months matched to plant useful life. Specialist NZ non-bank lenders (UDC, Heartland, Speirs) are particularly active in used and auction-bought plant, while banks (BNZ, ANZ) compete on prime new equipment from recognised dealers. Indicative rates from ~7.6% p.a. for prime borrowers.

What we finance

  • Excavators (mini, midi, full-size)
  • Wheel loaders, skid steers and telehandlers
  • Dump trucks, tippers and watercarts
  • Cranes (mobile, crawler, tower)
  • Concrete trucks, pumps and placers
  • Utes, vans, tools, and site fitout

At a glance

Typical structureHire purchase or chattel mortgage; finance lease on some plant
Indicative rateFrom ~7.6% p.a. (new, prime borrower)
Typical term48–84 months on plant; 36–60 on vehicles
Typical max financeUp to 100% on new from a recognised dealer; 80–90% on used

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

Frequently asked questions

NZ specialist non-bank lenders (UDC, Heartland, Speirs, Avanti) often fund newly-established construction businesses with strong director experience, clear contracts in hand, and reasonable deposit. Banks (BNZ, ANZ) typically want 2+ years trading. The asset itself provides strong security.