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Get Car Finance In New Zealand
Don’t let your financial situation be the biggest hurdle between you and your next car. CarFinance2U goes beyond the standard tick-box approach to provide vehicle finance in NZ that fits your budget and lifestyle.
Get pre-approval today.
Discover The Best Car Finance That New Zealand Has To Offer
As a leading car finance and insurance brokerage in New Zealand, we've earned our reputation by consistently delivering reliable financial solutions that work for everyday Kiwis.
We have streamlined the application process online and do all the hard work for you by finding the best low-interest car finance rates in New Zealand from our panel of lenders, helping you walk away with the car of your dreams.
Are you wondering if you're eligible because you have bad credit? We understand that mistakes happen and people's financial situations change over time, which is why we consider bad-credit personal car loans. Our quick and easy online application process will match you with the right lender for your financial situation.
Why Choose CarFinance2U As Your Partner?
If you are in the market for the best car finance in New Zealand, you've come to the right place. We'll find the lowest rates so you can drive away in your new car in no time.
We Bridge the Gap
While traditional lenders might take a rigid approach, our expertise lies in finding solutions for tier 2-3 clients. We understand your unique financial situation and specialise in securing competitive finance options that others might miss.
A Track Record You Can Trust
While traditional lenders might take a rigid approach, our expertise lies in finding solutions for tier 2-3 clients. We understand your unique financial situation and specialise in securing competitive finance options that others might miss.
Unwavering Standards
Our team doesn’t believe in cutting corners. Every application, client, and finance solution receives our full attention and expertise, ensuring you receive the highest standard of service throughout our partnership.
Complete Transparency
We believe in honest and straightforward communication. When you work with us, you can trust in clear and accountable service without any hidden surprises or unclear terms. In fact, we break down complex financial jargon to ensure you know exactly where you stand when you want to buy a car on finance.
Take the first step towards your new vehicle; get pre-approved today with our simple online form.
Not Sure What A Car Loan Is Going To Cost You?
Finding the right vehicle finance in NZ can be tricky. To help you make the right choice, we've gathered interest rates from New Zealand's top lenders to help you make an informed financial decision.
Click the link below to compare the best car finance rates in NZ.
CarFinance2U’s Top 5 Tips When Applying For Car Finance and Car Loans
When applying for finance, take your time and make sure you secure the best interest rate for your situation. Here's our top 5 tips to consider when looking to buy a car on finance in New Zealand:
Know What You Can Afford
Work out your disposable income (expenses) and calculate how much you can pay weekly. Keep in mind unexpected vehicle expenses, fuel, insurance, etc. Use our car finance calculator to see your weekly repayment estimates.
Check Your Credit Report
You can get a free credit report from Centrix. If your credit report returns any unknown debts, you can settle them before applying for car finance. Your credit report doesn't need to be perfect, but having outstanding debts will mean you are considered more of a risk to the lender.
Pay Off Any Debts And Get Your Bank Account In Good Order
When you apply, you'll be required to show three months of bank statements, and lenders will want to see that you can manage your money well and afford your repayments.
Save For A Deposit
Having a deposit shows the lender you are financially responsible. Your total loan amount will be lower, so you'll be able to complete your repayments sooner.
Know Exactly What You Are Signing For Before You Accept An Offer
Read the disclosure statement thoroughly, and if anything needs to be clarified, ask the provider what it means. By law, a lender must ensure that you understand all fees clearly.
When You Partner With CarFinance2U, You're Working With One Of The Top-Rated Car Loan Providers In New Zealand.
Frequently Asked Questions About Applying for Car Finance in New Zealand
Regardingcar loans in New Zealand, we know it can be confusing with many questions about the options available for new or used car finance. We've answered a few common questions to help guide you through the process and make purchasing your new vehicle as simple as possible.
How Do I Apply For Car Finance In NZ?
CarFinance2U operates entirely online. This means all you need to do is fill out our online car finance application form, and one of our sales consultants will contact you. Prepare your driver"s licence and three months of bank statements.
You can start shopping for a car up to the agreed amount as soon as you're approved. We'll then send you a digital contract to complete on your mobile, laptop, desktop or tablet. Once your contract is finalised, we will arrange payment of the funds into the seller’s bank account, and you can pick up the vehicle. Getting the best low-interest car finance in NZ couldn’t be easier!
Can You Help With Second Chance Finance Or Bad Credit Car Loans?
In most cases, the answer is YES. We can typically help with the following: Bankruptcy, Mortgage arrears, Defaults, Judgments, and Late or missed payment(s).
Your credit history can affect your car finance interest rate - that"s just a fact. But at CarFinance2U, we believe everyone deserves a fair chance at vehicle ownership. Through our trusted panel of lenders, we'll secure the most competitive rate for your unique situation, ensuring you get the best possible deal on your loan.
How Much Can I Borrow To Finance My New Car Loan In New Zealand?
It depends on your affordability. This factor is calculated by your income minus your expenses, which gives you the amount of disposable income available.
This amount is used to measure your repayment threshold and helps the lender determine how much risk is involved in approving a loan to you. The greater your affordability, the lower your risk and you will be more likely to secure low-interest car finance in NZ. Your affordability also determines how much money you can borrow for car finance.
If you have a bad credit history, affordability will also help determine whether you qualify for second-chance or bad-credit car finance because your current financial position is taken into account.
From hatchbacks to 4x4 finance loans, when you apply for car finance with CarFinance2U, the minimum loan amount is $5000.
What Is A No-Credit-Check Car Loan in NZ?
No-credit-check car loans are where a lender will assess your current financial situation and affordability and assess the risk involved for them to approve a vehicle loan for you without any credit check involved.
Unfortunately, a no-credit-check car loan generally has additional restrictions to minimise the lender"s risk. These restrictions may include a larger deposit and a very high interest rate. This loan type will likely also have a larger establishment fee and high early exit fees if you wish to pay it off sooner than the agreed time frame. Even the type of vehicle you can purchase or the dealer you buy the car from can be a factor.
CarFinance2U does not recommend no-credit-check car loans because they are often unaffordable, and the terms and conditions can mean you end up in a worse financial position and pay unreasonable fees and interest rates for your vehicle.
We offer vehicle finance in NZ for all financial situations, so even with a bad credit history, you can rest easy knowing CarFinance2U has lenders available for your financial situation.
How Much Interest Will I Pay When I Finance A Car In NZ?
When you apply for car finance, your interest rate is determined by various factors, such as your income, expenses, credit history, and employment status.
We have a handy car finance calculator available to help you calculate your repayments. Try it with various scenarios and different interest rates to compare your weekly repayments.
Our calculator will give you a good idea of what you can afford and help you make an informed decision before applying.
Can I Get Car Finance With No Deposit?
It is possible to get approved for no-deposit car finance, but it will depend on your credit profile plus other factors as to whether you are approved. Remember that your total loan amount will be higher with no-deposit car loans. You may not secure the lowest car finance interest rate either because having a deposit can show the lender you can manage your finances better.
CarFinance2U will consider applications for no-deposit car finance on a case-by-case basis.