Equipment Finance •
Top 5 Equipment Finance Options for NZ Manufacturing Businesses
Compare the best equipment financing solutions for manufacturing companies
Introduction
Choosing the right equipment finance solution is crucial for manufacturing businesses in New Zealand. This guide compares the top financing options available, helping you make an informed decision for your equipment needs.
Finance Options Compared
Equipment Loan
Traditional equipment financing with fixed terms
Key Features
- Fixed monthly payments
- Equipment serves as security
- Terms up to 7 years
- Option to purchase at end of term
Best For
- Long-term equipment needs
- High-value machinery
- Established businesses
- Tax-efficient financing
Equipment Lease
Flexible leasing arrangements with upgrade options
Key Features
- Lower upfront costs
- Regular equipment upgrades
- Maintenance included
- Off-balance sheet financing
Best For
- Technology-dependent equipment
- Rapidly evolving machinery
- Businesses wanting flexibility
- Operating lease tax benefits
Hire Purchase
Gradual ownership through regular payments
Key Features
- Own equipment at end of term
- Fixed interest rates
- Structured payments
- Asset on balance sheet
Best For
- Asset ownership goals
- Long-term equipment use
- Tax deduction benefits
- Predictable payments
Operating Lease
Short to medium-term equipment rental
Key Features
- No ownership obligations
- Include maintenance
- Flexible terms
- Return equipment at end
Best For
- Short-term projects
- Testing new equipment
- Seasonal requirements
- Cash flow management
Line of Credit
Flexible funding for multiple equipment purchases
Key Features
- Revolving credit facility
- Draw funds as needed
- Multiple purchases
- Flexible repayment options
Best For
- Multiple equipment needs
- Ongoing purchases
- Variable funding requirements
- Quick access to funds
Key Considerations
- Total cost of ownership
- Tax implications
- Maintenance requirements
- Technology obsolescence
- Business growth plans
- Cash flow impact
Ready to Finance Your Equipment?
Let us help you find the best equipment finance solution for your manufacturing business.
Written by Emma Wilson
Equipment Finance Specialist