NZB Standardbred Finance
The world's best bloodlines are now within your reach.
NZB Finance can facilitate a range of standardbred purchases including helping you to:
- Acquire a top class broodmare.
- Purchase an exceptional filly to race and enhance her value as a potential broodmare.
- Fund bloodstock to pinhook.
Get in touch with the NZB Finance team to see if we can help you purchase your next champion broodmare or pinhooking success story.
To find out more, please call +64 9 298 0055 or contact the team directly here.
Expand your bloodstock investment horizons with NZB Finance
Our lease to purchase facility and pinhook funding can help you finance a range of standardbred purchases.
Lease to Purchase Facility
New Zealand Breeders can secure top quality fillies and/or broodmares in a tax effective manner with the assistance of NZB Finance. Provided the horse meets New Zealand Bloodstock's general criteria of 'enhancing the standardbred stock of New Zealand' NZB Finance will purchase the horse on your behalf (you become the lessee) and lease it back to you.
An administration fee of NZ$200 applies, as well as a 25% deposit and term of 36 months (can be varied slightly but must not exceed 36 months).
The interest rate will be fixed for the term of the lease with payments monthly in advance or tailored to suit the prospective lessee's cash flow i.e. annually in advance or arrears. The residual is 25% of the original cost for fillies and mares. The guarantee conditions are; Partnership — all partners joint and several or Company — all directors joint and several.
During the term of the lease the bloodstock is owned by the lessor (NZB Finance & Leasing Ltd) and leased to the lessee. The leased bloodstock must be insured through the insurance division of New Zealand Bloodstock during the term of the lease.
Should the filly or mare race or breed during the term of the lease all stakes earned and all progeny born belong to the lessee. The lessee is responsible for all costs relating to the bloodstock during the term of the lease.
On payment of the residual, ownership is transferred to the lessee, the bloodstock becomes an asset of the lessee at the residual value and the lessee/owner can claim depreciation at the normal rate.
Each lease is subject to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, and The applicant acknowledges that they have made the decision to apply for finance or to obtain finance from New Zealand Bloodstock for the purchase of bloodstock on the basis of their own judgment and that they have not received financial advice from New Zealand Bloodstock or any of its employees in relation thereto, and they acknowledge that they have been recommended to obtain independent financial, taxation and professional advice.
Speak to the NZB Finance team today about how you can set yourself up with a commercial breeding prospect for the future.
NZB Finance can help you secure a great pinhooking opportunity. Contact the team to get your purchase underway.
In order to purchase a horse, a formal application is required along with the appropriate credit references for approval. The application will need to be approved and the credit limit agreed in principal prior to purchasing bloodstock.
For an administration fee of NZ$200 and deposit of 25% of the cost of the bloodstock purchased you can be underway. You will need to complete and sign the Current Advance Contract and agree to a term, the interest rate will be floating and invoiced monthly. The guarantee conditions are; Partnership - all partners joint and several or Company - all directors joint and several.
The horse that you pinhook must be entered and catalogued in a scheduled NZB Standardbred Sale and repayment can then be made from the proceeds of the sale of that horse through NZB Standardbred but in any event no later than the agreed date.
The horse must be insured through the insurance division of New Zealand Bloodstock during the term of the advance with the insurance premium to be paid within 30 days.
Bloodstock purchased in Australia must be flown to NZ with NZB Airfreight. With regards to horses being imported from Australia, GST of 15% is payable up front, and is excluded from this finance package.
All Pinhook Funding is subject to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, and The applicant acknowledges that they have made the decisison to apply for finance or to obtain finance from New Zealand Bloodstock for the purchase of bloodstock on the basis of their own judgment and that they have not recieved financial advice from New Zealand Bloodstock or any of its employees in relation thereto, and they acknowledge that they have been recommended to obtain independent financial, taxation and professional advice.
Sale invoices will be issued in NZ Dollars and the NZ Dollar amount must be paid in full.
The Sale is contracted in New Zealand currency and must, therefore, be paid in New Zealand currency, including via our online payment facility for international buyers.
Currency fluctuations are at the risk of the purchaser.
The NZ Dollar amount may be paid in your local currency.
You must be a registered buyer and have a valid Buyer Registration code to make international payments.
International customers can use Collinson & Co for forex payments.
Collinson & Co are an independent firm that provides a complete range of financial services from Foreign Exchange to Wealth Management. With a client first approach, their dedication to establishing long-term relationships helps them to develop effective foreign exchange and investment strategies.
ALL PURCHASERS are reminded that unless prior credit arrangements have been made they must make payment in cash at the Sales Office on the day of Sale no later than 60 minutes after the fall of the hammer. (Refer clause 21.2 Conditions of Sale).
- Bloodstock Companies - Should a purchaser wish to charge his purchases to another company, the Auctioneer will do this only on the production of an acceptable Letter of Authority from that company. This letter must be lodged with the Auctioneer prior to the commencement of the sale.
- Finance Companies - Purchasers wishing to effect payment through a Finance Company must contact the appropriate company prior to the sale and make the necessary arrangements. A suitable Letter of Authority from the Finance Company must be produced and lodged with the Auctioneer prior to the commencement of the sale.
- Liquidated Damages for late payment - Is payable on accounts in accordance with Clause 9 of the Conditions of Sale.
- Delivery - The Auctioneer reserve the right to withhold delivery until satisfactory payment arrangements have been entered into in accordance with clauses 29 and 30 of the Conditions of Sale.
- Conditions of Sale - Please be aware of the Conditions of Sale as printed in the Sale Catalogue.
- Overseas Purchasers - For all lots sold or exported, payment must be made by telegraphic transfer in New Zealand Dollars to the bank account as detailed below:
- BANK: Westpac
- BRANCH: Papakura, Auckland, New Zealand
- SWIFT CODE: WPACNZ2W
- ACCOUNT NUMBER: 03 0399 0255194 00
The Sale is contracted in New Zealand currency and must, therefore, be paid in New Zealand currency. Currency fluctuations are at the risk of the purchaser.
View the full NZB Finance Terms & Conditions online here.