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Zero deposit finance

Zero deposit vehicle finance

Zero deposit finance is a loan that covers the full purchase price of a vehicle, so you pay nothing upfront. It keeps working capital in your business while the asset starts earning from day one. Several lenders on the LDM panel offer it, subject to approval and lending criteria.

Who qualifies

New Zealand business owners, sole traders and contractors
PAYE employees with steady income and a clean recent credit record
Applicants financing a vehicle that holds its value well
Buyers who prefer to keep cash reserves in the business
Estimate a zero deposit repayment

Deposit is fixed at zero. Indicative, at 12.95% p.a.

Amount to finance$45,000
Indicative weekly repayment
$235/week
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The numbers

A $47,999 Ford Ranger, zero deposit

Amount financed
$47,999
Deposit
$0
Weekly repayment
$251
Total interest
$17,263

Indicative only, five-year term, zero deposit, at a representative rate of 12.95% p.a. Not an offer of finance.

Who this suits
Tradies and owner-drivers who need the vehicle earning immediately
Growing businesses protecting cashflow for wages and materials
Buyers with a strong trading history and no spare deposit tied up
Who it does not suit
Buyers who want the lowest possible total interest cost
Applicants who already hold a deposit and prefer a smaller loan
Situations where a shorter term and lower balance suit better

Zero deposit finance questions

Because the loan covers the full price, the amount financed is higher than if you paid a deposit, so total interest is higher. The trade-off is that your capital stays in the business. For many working operations, keeping cash free to cover fuel, wages and materials is worth more than a slightly lower interest cost.
Lenders look at your trading history, income, existing commitments and credit record, and the asset itself. A clean recent history and a vehicle that holds its value help. We prepare the application to present your position clearly to the right lender on our panel.
Yes. You can choose to put money down at any point before settlement to lower your repayment, or make extra payments during the term where the lender allows it. Zero deposit is the starting structure, not a restriction.
Often, yes. Commercial assets such as tippers, canters and machinery can be financed with no deposit through our panel, subject to the asset type, age and your circumstances. Ask a specialist about your specific asset.

Request a tailored finance structure

Tell us the asset and how you trade. We will structure zero deposit finance to suit your cashflow and place it with the right lender.

Apply for financeSpeak with a specialist

Zero deposit finance is subject to lender approval and responsible lending checks. All figures are indicative only, at a representative rate of 12.95% per annum with no fees, and do not constitute an offer of finance. Lending criteria, terms and conditions apply. Final disclaimer wording pending UDC sign-off.