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Receive a tax benefit when you invest in a Hyundai car or truck for your business

As part of the 2025 New Zealand Government Budget, the Investment Boost initiative  has been introduced – and it’s great news for businesses investing in new vehicles.

If you’re a New Zealand-registered business looking to upgrade your fleet, you could benefit from an extra 20% tax deduction on eligible new assets – purchased from 22 May 2025 onwards.

For businesses where vehicles are vital assets, this initiative is a smart way to reduce your tax bill while investing in high-performing, reliable equipment.

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How it works

When you purchase a brand new vehicle or truck for business use, you may be able to claim:

  • An immediate 20% tax deduction on the purchase price in the current financial year (depending on your business’s tax year-end).
  • This is in addition to the usual tax depreciation already available, calculated as if the asset's value were reduced by 20%.
  • This means a more immediate tax benefit, especially valuable if you’re nearing the end of your financial year.

Eligibility

To qualify for the Investment Boost, your vehicle purchase must meet the following criteria:

  1. The vehicle must be brand new (not used or second-hand)
  2. Purchased on or after 22 May 2025
  3. Used primarily for business purposes
  4. Bought by a New Zealand-registered business

Hyundai Fleet Solutions

At Hyundai New Zealand, we’re proud to help drive Kiwi business forward.

Our vehicle fleet offers fuel efficient hybrid engines, through to efficient work vans, with tailored solutions to meet the demands of New Zealand businesses — big and small.

When the job gets heavier, Hyundai Trucks are built to carry the load. From box body delivery trucks to service vehicles and rubbish compactors — our commercial range is ready to get stuck in and help shift what matters.

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Disclaimer: Information on this page is for reference only and does not constitute financial or tax advice. Please seek independent advice from your accountant to determine how this applies to your specific situation.