Finance
You could secure ownership of a new pump today, with potential finance options through Finance New Zealand below.
SANY - SY30 Concrete Pump Truck = $549,500+ GST
Monthly repayments from $7,100 (principal + interest), with GST returned in month three.
SANY – SY25 Concrete Pump Truck = $521,500+ GST
Monthly repayments from $6,700 (principal + interest), with GST returned in month three.
Putzmeister BSA1005H Concrete Trailer Pump = $175,000+ GST
Monthly repayments from $2,900 (principal + interest), with GST returned in month three.
Putzmeister P720 Concrete Trailer Pump = $144,950+ GST
Monthly repayments from $2,400 (principal + interest), with GST returned in month three.
The above example loan repayment calculations assume the following:
• GST funded for 3 months.
• 20% deposit assumed.
• Assumed Customer Interest Rate of 8.75% pa (this may vary)
• Loan term of 84 months (Concrete Pumping Truck) & 60 months (Trailer Pumps).
Disclaimer
As your pump is brand new, the usual repairs & maintenance that apply to older used equipment (which is a real expense reducing your business profits) is replaced with depreciation in line with IRD allowances.
Depreciation is a taxable expense (which reduces your taxable business income), however there is no actual cash cost out of your business.
Terms & conditions include the following :
• Up to 100% of the GST amount can be funded for 3 months, then returned to reduce the loan principal balance.
• Loan repayments are based on a 20% deposit (calculated on the GST exclusive purchase price), over a Loan term of 84 months (for Concrete Pumping Trucks) & 60 months (for Trailer Pumps).
• All loan applications, including loan term, are subject to lender approval.
• Lender Interest Rate to be confirmed & Loan Fees may apply.
• For qualifying customers, it may be possible to borrow up to 100% of the purchase price (plus 100% of the GST amount for 3 months). Loan repayments will be higher than those detailed.”
Patrick Leask
Business Finance Adviser - Finance New Zealand Limited
Lower North Island
M 029 244 1437 E patrick.leask@financenz.co.nz W financenz.co.nz