Platinum Finance
Platinum is a precious metal and, separately, the word marketing departments reach for once gold has stopped sounding special. We cannot finance either of those. Cars, utes, trucks, machinery and boats we can, which is less glamorous and a good deal more useful.
- Same-day approvals available
- FMA-licensed adviser (FSP1008126)
- 100% New Zealand owned
Why we cannot finance metal
Asset finance works because the asset can be identified and secured. A vehicle has a VIN, a registration and a PPSR record, so a lender can see what it is lending against and register an interest in it. Bullion has none of that. It has no serial number worth the name, it is trivially portable, and it can be sold in an afternoon by anyone holding it.
So the lenders on our panel do not write it, and nor would we want them to. It is not a gap in the market so much as a sensible absence.
Working assets and investments are not the same thing
There is a real distinction underneath the joke and it is worth setting out plainly, because it applies well beyond precious metals.
When you finance a ute, the ute does something. It carries tools, gets you to jobs, earns money or saves you time, and it does that whether its resale value rises or falls. The loan is serviced out of what the asset does for you, which is why a lender is comfortable writing it.
When you borrow to buy something purely because you expect it to appreciate, nothing is produced. The loan is serviced out of your other income, and the arrangement only comes out ahead if the asset gains more than the interest costs you. That is a leveraged position and it can go wrong in ways a work ute simply cannot.
We arrange lending against things that do work. We do not give investment advice, and if you are weighing up borrowing in order to invest, that is a conversation for a licensed investment adviser rather than for us. It is not modesty - it is a different job with different rules attached.
Everything else on this site, we can help with. All lending is subject to lender assessment and approval.
How it works
Apply for your loan
Complete the online form or give us a call and we will get your application underway.
We will reach out
We will call to understand what you are trying to achieve and gather anything else that helps get you approved.
Ready to go
Once approved we send your documents to sign, and payout follows shortly after.
Get started today
Tell us what you are looking to finance and we will come back with real options - usually the same day.