Leasing

Leasing is an excellent solution if you need a piece of specialized machinery for a specific time, especially if use of the asset, but not ownership, is important to your business.

Benefits to the customer

• Preserves your working capital
• Lease payments are 100% tax deductible
• Removes the burden of ownership and disposing of the asset
• The application and approval process is quick and easy, have a look at the lending criteria and choose one of these three simple options below.

Finance

If you are looking to finance your plant or machinery you pay the agreed amount every month.  These can be suited to your individual requirements, which may be particularly useful if your income is variable or seasonal.  That means there are no surprises – you simply pay the agreed amount every month for the term of the contract and the asset is yours.

Product Overview

• Typically the term varies between 12 – 60 months
• The monthly payments are based on a fixed interest rate over an agreed term.
• You gain immediate use and ownership of the asset

Benefits to the customers

• Easy monthly payments to suit your budget
• Flexibility to negotiate initial deposit, term and structured or balloon payments
• Our competitive interest rates will not change during the term of the contract

Benefits to businesses

• If the asset is fully utilized for business purposes, tax, GST and interest can be claimed as per current NZ Tax Legislation
• The machinery is shown as an asset in the balance sheet