Equipment Financing NZ Assets
Equipment Financing with Quick Loans is your key to leveraging business growth. Using the equipment as collateral, we offer a flexible solution for both new and second-hand tools, and machinery finance, such as tractors, industrial equipment, lease agreements and business loans. Gain the edge with pre-approval, negotiate as a cash buyer, and elevate your operations seamlessly with our tailored financing options.
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Borrow
$1,000 – $150,000
100% Online Application
It’s easy. Only 6 mins
Get Approved
In just 60 mins*
Calculate Your Equipment Finance Repayments
Use our equipment finance calculator to determine the repayments you can afford, and see how much you should borrow. Usually, you’ll make a deposit on the item you wish to purchase, which acts as security. We then spread the rest across 60 months. Our fast loans are subject to credit checks in accordance with the responsible lending code of NZ.
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* This is an approximate loan duration and amount based on assumed adequate security & collateral, job security, income, residence situation, and positive references. This is subject to the New Zealand responsible lending code. Terms and conditions apply.
Rates
With Quick Loans, you’ll get up to 36 months to repay your loan, with affordable weekly or monthly instalments. We offer competitive interest rates ranging from 13.95% to 26.98% p.a. depending on the purchase you’re making, your credit score and the term you’re looking to borrow the funds for. For full details, including early repayment options, terms and conditions, establishment fees and default interest rates, please see our Rates and Fees page.
Terms
Before applying with Quick Loans, it’s important to understand our terms and conditions. By submitting an application, you consent to us collecting and securely storing your personal information. We aim to keep all the information on our website accurate and up to date. If you notice anything that doesn’t look quite right, please get in touch with us in writing and we’ll do our best to correct it promptly. Quick Loans operates in full compliance with New Zealand’s Responsible Lending Code.
Security
Your personal information is protected with end-to-end encryption across all our web forms, keeping your data safe and secure throughout the application process. We handle all loan details with a high level of confidentiality, following strict security standards to prevent unauthorised access. We also fully comply with New Zealand’s privacy laws, ensuring you have complete transparency over how your data is collected, stored, and used. We don’t share your information with third parties without your consent. To learn more, please read our Privacy Policy, which outlines exactly how we protect and manage your personal information.
Approval Tips For Equipment Finance Lease Or Business Loans
Tip 1
Venturing into the world of financing equipment can feel all too easy. But here’s something to think about: always factor in the Total Cost of Ownership (TCO) of the asset you’re looking to acquire. It isn’t just about that upfront price tag or those monthly repayments. Dive deeper! Think about maintenance, potential repairs, and even the resale value down the track.
Tip 2
As you set sail on your equipment financing journey, remember that technology moves quickly. Don’t get caught with an old model! Will there be a newer, shinier model of that item soon? You don’t want to be stuck paying off old equipment and machinery for 48 months on a finance lease, while your competitors have new features and benefits they can offer to your customers. Some suppliers will purposely sell their old machines to get rid of old stock before releasing their new models. Be careful.
Is Business Asset Finance & Equipment Financing Essential For Kiwi Businesses?
A reliable business finance partner is the gateway to unlocking significant growth and opportunities for your ventures. Whether you’re an entrepreneur eyeing that cutting-edge machinery, a tradesperson seeking advanced tools and construction equipment, or a startup scouting for tech enhancements, equipment finance can offer the vital support you need. Business lending is a smart way for you to level up your venture.
Opting for commercial finance isn’t about impulsive decisions! It’s about making a strategic investment in assets that can elevate your revenue, streamline your operations, and infuse innovation into your workflow. It’s about creating the opportunity for growth. A well-thought-out move that can yield massive returns in the long run. With Quick Loans as your trusted partner, you’re collaborating with an expert in New Zealand’s equipment finance market, ensuring flexible terms, competitive rates, and a hassle-free application process.
Ready to dive into the advantages of commercial equipment lending? Start your expansion easily and effortlessly with a Quickloans Application Today!
Quick Loans – Your Best Business Lending Choice for Equipment Financing
In the market for new equipment but short on funds? No sweat! That’s where Quick Loans steps in. We’re your go-to for swift and straightforward equipment financing, tailored to the New Zealand landscape. Be it advanced machinery, specialised tools, or tech upgrades, we’ve got your back. And the best part? The equipment you finance often doubles up as collateral, making it a win-win for both of us. This is flexible finance at its best.
Here’s How Quick Loans Elevates Your Equipment Financing Experience:
- Swift, Trustworthy, and Hassle-Free: A streamlined application process paired with rapid approvals for your equipment finance needs! Our online application process makes it easy for you to get started!
- Smooth Transactions: Our equipment loans are as seamless as a well-oiled machine. No hitches, no hidden charges, just transparent terms.
- Crystal Clear Conditions: We believe in transparency – no convoluted clauses or unexpected twists. With us, you’re always in the know.
- Adaptable Solutions: With financing terms ranging from 12 to 36 months, we tailor our offerings to fit your unique journey and business needs.
- Attractive Interest Rates: Our rates are designed to be gentle on your wallet, ensuring your financial journey remains on course.
- Stress-Free Security: Our equipment loans are anchored to your new acquisition. This means enhanced security and peace of mind. We’re here to ensure your repayments are manageable and your equipment financing experience is top-notch.
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Fast, Easy Loans For Kiwis
It’s easy to get a loan for your needs. Follow the loan application process below to apply.
STEP 1
Complete our online loan application form in as little as 6 minutes, we promise!
STEP 2
Your application will be assessed by a human – not a computer. You’ll hear back in as little as 1 hour. We’ll explain the interest rate and repayment schedule, as well as the methods on how you can repay the loan.
STEP 3
If your loan is approved, you’ll get access to the digital loan documents following the NZ responsible lending laws, and the money will be deposited in your account within 24 hours.
Getting started takes only 6 minutes.
APPLY NOWFAQs When You Finance Business Equipment
What is equipment financing?
Equipment financing is a financial solution that allows businesses to purchase new machinery, tools, office furniture, or technology without paying the full amount upfront. Instead, the cost is spread over a period through regular loan repayments, making it easier for businesses to buy the equipment without straining their cash flow.
How does a loan on equipment differ from a traditional loan?
While both provide funds, equipment financing is specifically tailored for the purchase of business assets, like computers or agricultural machinery. The equipment itself serves as collateral for the loan, which means that if the borrower defaults, the lender can reclaim it. Traditional loans, on the other hand, might require different forms of collateral and can be used for various purposes. Talk to one of our lending specialists to see which finance product is best for your business.
Can I finance both new and used equipment?
Yes, absolutely! Here at Quick Loans, we understand that great equipment can be found even through secondhand sales. We encourage SMEs to apply for both new and used equipment.
What are the benefits of equipment financing?
Equipment financing aids businesses in managing cash flow by allowing them to spread the cost of purchasing assets over time. It provides access to the latest technology without a hefty upfront expense, often with flexible terms tailored to a company’s needs. Additionally, buying assets on loan can offer tax advantages and preserve other credit lines, ensuring financial flexibility.
How does equipment finance affect my business credit?
Just like any other form of credit, timely payments on your equipment financing can positively impact your business’s credit score. On the other hand, late or missed payments can negatively affect it. It’s crucial you understand the terms of the loan, whether it’s a hire purchase or a lease, or a loan with a balloon payment. Knowing all of these will help your business maintain its creditworthiness.
What can’t I use equipment financing for?
Equipment financing is specifically tailored for acquiring tangible business tools and machinery.
Its intended use isn’t to pay for salaries, or other operational expenses.
Each lender has specific exclusions as well, so tell us what you need so we can help grow your business and give you the best equipment financing options available.
How do I apply to finance equipment?
You can quickly and easily apply for finance for your new or used equipment with us here! It is an easy step-by-step process.
Fast and hassle-free, Get Quick Loans Online With Our ‘Digital Signature’ Service
You’re busy. We get that. That’s why you can sign for, and receive your funds without even leaving your house. Our digital – signature service provides a more stress-free, convenient service for you. If you’ve got a smart-phone or a computer, you can apply and get approved today!