Investment Boost for Business Vehicle Purchase

As part of the 2025 New Zealand Government Budget, a new Investment Boost initiative has been announced, bringing great news for businesses planning to invest in new vehicles. If you’re a New Zealand-registered business looking to upgrade your fleet, you may be eligible for an additional 20% tax deduction on qualifying new assets purchased from 22 May 2025 onwards.

A Smart Move for Business Vehicles. For sectors like construction, agriculture, logistics, and mobile repair where vehicles are essential tools, this initiative offers a valuable opportunity to lower your tax bill while upgrading to modern, reliable equipment.

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How It Works?

Key Tax Benefits at a Glance: When you purchase a brand new vehicle for business use, you may be able to claim:

  • An extra 20% tax deduction on the purchase price in the current financial year (subject to your tax year-end)
  • In addition to the standard depreciation, calculated as if the asset’s value were reduced by 20%
  • This provides a more immediate tax benefit—particularly useful if you’re nearing the end of your financial year.

To qualify for the Investment Boost deduction, your purchase must meet these criteria:

  • The vehicle is brand new (not used or second-hand)
  • Purchased on or after 22 May 2025
  • Used primarily for business purposes
  • Acquired by a New Zealand-registered business

Why Choose Mitsubishi?

Mitsubishi offers a wide range of models featuring Plug-in Hybrid technology, top safety ratings, reliability and practical design. Business customers can also take advantage of:

  • Flexible ownership and leasing options
  • Assured Future Value returns
  • Tax-effective structuring
  • Comprehensive servicing plan

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