Orange excavator on a construction site with cloudy sky

Asset Finance (Cars, Plant, and Machinery)

At The Loan Supply Company, we understand that having the right vehicles, equipment, and machinery is crucial for Kiwi businesses to operate and grow. Asset finance is a smart way to get what you need—whether it’s a ute for your tradie business, a digger for your contracting company, or new machinery for your factory—without draining your cash reserves.

What is Asset Finance?

Asset finance lets you buy or upgrade vehicles, plant, or machinery by spreading the cost over time, rather than paying the full amount upfront. You make regular repayments (usually monthly) over an agreed term, which helps you manage your cashflow and keep your business running smoothly.

What Can You Finance?

  • Cars, Utes, and Commercial Vehicles:
    From a single work car to a fleet of vans, trucks, or utes, asset finance can help you get the vehicles you need for your business.

  • Plant and Machinery:
    Finance is available for a wide range of equipment, including excavators, loaders, forklifts, tractors, and other agricultural or construction machinery.

  • Technology and Office Equipment:
    You can also use asset finance for computers, servers, and other essential office or workshop technology.

Blue Chevrolet Camaro parked on a desert road at sunset.

How Does It Work?

There are a few common ways asset finance is structured in New Zealand:

  • Finance Lease:
    The lender owns the asset and leases it to you for a set period. You make regular payments, and at the end of the lease, you may have the option to buy the asset, upgrade, or return it.

  • Hire Purchase:
    You pay off the asset in instalments, and once the final payment is made, ownership transfers to you. This is a popular option for vehicles and machinery in NZ.

  • Chattel Mortgage:
    You own the asset from day one, but the lender takes a security interest over it until the loan is repaid. This is common for business equipment and vehicles.

Benefits of Asset Finance

  • Keep Your Cashflow Healthy:
    Spread the cost over time and keep your working capital available for wages, stock, or other business needs.

  • Flexible Terms:
    Choose repayment terms and structures that suit your business’s cashflow and seasonal cycles.

  • Potential Tax Benefits:
    In many cases, repayments and depreciation on financed assets can be claimed as business expenses (check with your accountant or tax adviser for details).

  • Stay Up to Date:
    Easily upgrade to newer vehicles or equipment as your business grows or technology changes.