27.06.2016

What type of lease is best for me?

There are four types of lease – you decide which one suits your business best:

Fully maintained operating lease – This lease includes the expenses of maintenance for the term of the lease, meaning no extra outgoings for scheduled servicing, maintenance and registration. It’s a great option if you want certainty of costs in relation to the leased asset.

Non-maintained operating lease – If you’ve got the workshop, staff and know how, a non-maintained lease may suit you better. Throughout the term of the lease you will be responsible for the servicing and maintenance of the leased machine.

Sale and leaseback – This solution is ideal for those who own all the equipment they need but need to free up some capital. We source a funder who will buy your existing owned or financed assets and then lease them back to you as either a fully maintained or non-maintained operating lease.

Finance lease – A finance lease means that at the end of the lease term you are able to buy the asset. We will find a provider who will agree the equipment’s residual value at the end of term, meaning if you like it, you can keep it.

For more information about the different equipment lease types and how they work, talk to your business partner at Finance New Zealand.

This information is intended to provide general information on operating leases and equipment finance and should not be taken as advice. For more information, speak to your advisor at Finance New Zealand