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Industry finance

Asset finance for transport & logistics.

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Quick answer

Transport and logistics is the highest-volume asset finance category in New Zealand — trucks, prime movers, trailers, vans, refrigerated units and supporting plant. Most NZ transport operators use hire purchase or chattel mortgage to own equipment over a 36–60 month term, with up to 100% finance on new from a recognised dealer. Specialist NZ non-bank lenders (UDC, Heartland, Speirs) compete strongly with the trading banks (BNZ, ANZ) and are usually faster on used and auction equipment. Indicative rates from ~7.6% p.a. for prime borrowers.

What we finance

  • Heavy and light trucks (rigids, prime movers, distribution)
  • Trailers (curtain-side, flat-deck, tipper, transporter, reefer)
  • Vans and light commercials
  • Refrigerated and ATP units
  • Forklifts and yard equipment
  • Telematics, GPS and dash-cam systems

At a glance

Typical structureHire purchase or chattel mortgage; operating lease for some fleets
Indicative rateFrom ~7.6% p.a. (new, prime borrower)
Typical term36–60 months on trucks; longer on prime movers
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 like UDC, Heartland and Speirs are typically more comfortable with newer transport businesses than the banks, especially where directors have industry experience and the truck purchase pays for itself from contract revenue. Banks (BNZ, ANZ, ASB) tend to want 2+ years trading and audited financials.