Get Car Finance In New Zealand

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!

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.

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.

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.

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.

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.