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Ascend Financial Services

Grow your business with Asset Finance in NZ.

Is it time to invest in your business so it can grow exponentially? Are you ready to dominate your competitors? Whether you’re looking for vehicles, plant and  machinery, trucks, trailers  or equipment finance, we could help you fund it. Contact us today to start or have a chat. 

asset finance auckland nz
asset 02

What can you receive lending for?

Below are just a few of the key lending options – there is plenty more options so reach out if what you need isn’t listed.

Asset icons ascend

Construction & Trades

1 3

Truck & Transport

2

Agriculture

4 1

Civil Construction

9

Machinery

2 3

Motor Vehicles

5

Fleet

1 6

Manufacturing

6

Forrestry

What can you receive lending for?

Asset icons ascend

Construction & Trades

1 3

Truck & Transport

2

Agriculture

5

Fleet

6

Forrestry

4 1

Civil Construction

9

Machinery

2 3

Motor Vehicles

1 6

Manufacturing

And so much more.

How the loan application process works

1 4

Documentation

Similar to a mortgage application in terms of documentation required – proof of income, bank statements, invoices, assets identified, application form and any relevant contracts. 

Steps 1 6 ascend 2

We sort the 5 C's

Character, capacity, collateral, capital, conditions is what determines your ability to borrow. This is on a case-by-case basis.

Steps 1 6 ascend 1

Risk Assessment

We then understand your borrowing capacity, equity position and risks to be able to place you with the right lender.

 

Steps 1 6 ascend 3

We meet the conditions

If approval is received, we have to meet these conditions – valuation, contracts to be signed, other loans to be paid off or settlement quotes to be obtained. This all needs to be done prior to drawing the loan down.

asset finance auckland nz

Why Ascend Financial

We have years or experience in the space, and we understand the various lenders appetites and where they sit in the market. 

  • Trust

    Transparent, upfront, honest - we have your back.

  • Communication

    We respond quickly - keeping all parties up to date and on same page to avoid miscommunications and inaccurate assumptions from happening.

  • Hungry & Driven

    We fight for every deal. We don’t give up, we explore every avenue possible.

  • Proven Record

    We have helped thousands of clients over the years.

  • Future Thinking

    We are not just trying to secure deals for the hear and now. We understand what is fit for purpose and have your future in mind.

asset finance auckland

There are 3 main caterogies of asset finance

  • Tracked and Wheeled Assets

    Such as motor vehicles, buses, trucks, trailers, diggers, bulldozers, tractors etc.  This could apply to personal or business.

  • Plant and Machinery

    For example construction assets, forest gear, agricultural assets, spreaders etc

  • Equipment

    Such as medical and cosmetic machines, manufacturing assets, production lines and CNC laser machines.

There are 3 main caterogies of asset finance

  • Tracked and Wheeled Assets

    Such as motor vehicles, buses, trucks, trailers, diggers, bulldozers, tractors etc.  This could apply to personal or business.

  • Plant and Machinery

    For example construction assets, forest gear, agricultural assets, spreaders etc

  • Equipment

    Such as medical and cosmetic machines, manufacturing assets, production lines and CNC laser machines.

How the loan application process works

1. Documentation

Very similar to a mortgage application in terms of documentation required – proof of income, bank statements, invoices, assets identified, application form and any relevant contracts

2. Risk Assessment

We need to understand your borrowing capacity, equity position and risks to be able to place you with the right lender

3. We Sort The 5 C's

Character, capacity, collateral, capital, conditions - these are the 5 C's of lending which determine your ability to borrow. Asset finance differs from mortgage lending as it is assessed on a more case-by-case basis.

An assessment will be done on the 5 C's and if some are very strong, they can mitigate weakness in other areas. It is all about providing the lender with the right points and presentation of the fundamental strengths you or your business have.

4. We meet conditions

If approval is received, there are often conditions to meet such as a valuation, contracts to be signed, other loans to be paid off or settlement quotes to be obtained. This all needs to be done prior to drawing the loan down.

Why use Asset Finance?

asset finance auckland new zealand

Mortgage top-up vs asset finance

While the interest rate may be lower topping up your mortgage, there are numerous benefits to using an asset finance lender and borrowing against the asset being purchased instead.

asset finance auckland new zealand

Interest deductibility

Borrowing against the asset allows you to claim interest as an expense for your business which technically gives you a 28% discount.

asset finance auckland new zealand

Liability of family and legalities reduced

When borrowing against your house, you further in-debt your family and put the home at more risk if something was to go wrong. Using the asset being purchased in the event of a default means that the lender will likely only go after the asset which should clear most if not all of the debt, keeping your home and family out of it.

ascend financial services portrait option
asset finance auckland new zealand

Easier criteria and servicing

The overall assessment is much easier. In most cases, the banks aren't even interested in providing asset finance. Their process is arduous and strict. Asset finance lenders are all about speed, ease and applying common sense to the grey areas of lending.

asset finance auckland new zealand

Low time investment and turnaround

Asset finance lenders can turn deals around much faster than banks. Banks often have a one week+ turnaround time for an answer and then even longer for documentation and on-boarding. The post approval process is fast with asset finance lenders who often send digital loan documents shortly after approval if all conditions are met.

asset finance auckland new zealand

Keep access to equity in your property

This is a key one. If you borrow against your mortgage to buy assets other than houses, you then diminish your ability to purchase more property as the equity is used up. By leaving the mortgage alone, you can continue to use property to purchase more property.

Why use Asset Finance?

asset finance auckland new zealand

Mortgage top-up vs asset finance

While the interest rate may be lower topping up your mortgage, there are numerous benefits to using an asset finance lender and borrowing against the asset being purchased instead.

asset finance auckland new zealand

Interest deductibility

Borrowing against the asset allows you to claim interest as an expense for your business which technically gives you a 28% discount.

asset finance auckland new zealand

Liability of family and legalities reduced

When borrowing against your house, you further in-debt your family and put the home at more risk if something was to go wrong. Using the asset being purchased in the event of a default means that the lender will likely only go after the asset which should clear most if not all of the debt, keeping your home and family out of it.

asset finance auckland new zealand

Easier criteria and servicing

The overall assessment is much easier. In most cases, the banks aren't even interested in providing asset finance. Their process is arduous and strict. Asset finance lenders are all about speed, ease and applying common sense to the grey areas of lending.

asset finance auckland new zealand

Low time investment and turnaround

Asset finance lenders can turn deals around much faster than banks. Banks often have a one week+ turnaround time for an answer and then even longer for documentation and on-boarding. The post approval process is fast with asset finance lenders who often send digital loan documents shortly after approval if all conditions are met.

asset finance auckland new zealand

Keep access to equity in your property

This is a key one. If you borrow against your mortgage to buy assets other than houses, you then diminish your ability to purchase more property as the equity is used up. By leaving the mortgage alone, you can continue to use property to purchase more property.

Why use Asset Finance?

Mortgage top-up vs asset finance

While the interest rate may be lower topping up your mortgage, there are numerous benefits to using an asset finance lender and borrowing against the asset being purchased instead.

Interest deductibility

Borrowing against the asset allows you to claim interest as an expense for your business which technically gives you a 28% discount.

Liability of family and legalities reduced

When borrowing against your house, you further in-debt your family and put the home at more risk if something was to go wrong. Using the asset being purchased in the event of a default means that the lender will likely only go after the asset which should clear most if not all of the debt, keeping your home and family out of it.

Easier criteria and servicing

The overall assessment is much easier. In most cases, the banks aren't even interested in providing asset finance. Their process is arduous and strict. Asset finance lenders are all about speed, ease and applying common sense to the grey areas of lending.

Low time investment and turnaround

Asset finance lenders can turn deals around much faster than banks. Banks often have a one week+ turnaround time for an answer and then even longer for documentation and on-boarding. The post approval process is fast with asset finance lenders who often send digital loan documents shortly after approval if all conditions are met.

Keep access to equity in your property

This is a key one. If you borrow against your mortgage to buy assets other than houses, you then diminish your ability to purchase more property as the equity is used up. By leaving the mortgage alone, you can continue to use property to purchase more property.

Fill out the form to start.

Whether you are applying or enquiring – simply fill the form out and we will be in touch to start.

No commitments, no pressure.