When it comes to running a business, having reliable transportation is often a critical component. Whether you need to transport goods or travel to meetings and events, having a dependable vehicle can be a make-or-break factor for many businesses. However, not all businesses have the cash on hand to purchase vehicles outright. This is where a business vehicle loan can be a useful option.

A business vehicle loan NZ can be secured against the vehicle itself with no additional security required. No deposit vehicle finance is also an option in New Zealand, it will depend on which lender you use and the health of your business as to whether they will offer no deposit finance. If additional security is required, another vehicle you own outright can be used to top-up the loan agreement and help lower the risk for the lender.

You can learn more about commercial vehicle or equipment loans here

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