Car loans

Looking for finance for your new wheels? Simple online application, swift response, competitive fixed interest rates, and more.

Get started today! Apply in minutes.

Illustration-car

What to expect

The better finance™ way to get on the road

Simple Application

Simple online application. Quick response from our team and swift lending decisions. We won't keep you waiting.

Expert Help

We're a team of 20+ advisers, available 7-days a week to help Kiwis make good borrowing decisions.

Clarity & Certainty

Get the peace of mind of fixed interest rates and repayments. No hidden rate ranges. No surprises.

We’re responsive.
We keep it breezy

We built our approach with you, and your time, in mind. If you’re looking for a fast application decision*, we can have an answer quick smart. Plus, at better finance™ our smart tech saves you time and hassle. From our simple online application, right through to transferring the funds, we’ve got your time in mind. *Lending criteria, including affordability assessment applies.

Illustration-5

We add the
personal touch

We hand-picked our 20+ team with some important attributes in mind: people that love and understand finance, and folk that are driven to help our customers and ensure the process is well understood.

 

When you apply with better finance™, you’ll get a call from one of the team to discuss your application. In our book, it’s the most important step in making sure you get the best outcome and experience.

Illustration-4

We champion
better-borrowing

We're on a mission to - bit by bit - make borrowing better.

For example, one of the things we know that understandably frustrates Kiwis, is hidden fees.

Well not at better™. Like to know what you’re signing up for with no surprises? That’s how it should be. At better™ there’s just clear, transparent information about rates and costs. Because clarity, in our book, is better.

Illustration-glass
Have a question or two?

Being better informed makes for better decisions.
Check out our handy FAQs and get in touch if you’d like to know more.

What can we help
you make happen?

Big goals, personal possibilities and everything
in between. How can we help you?

  • Apply in minutes
  • Personal and vehicle finance
  • Fast application decisions*
  • Fixed interest rates
  • No deposit finance available*
  • Funds transferred in as little as 24 hours
  • 20+ financial advisers here to help
  • Smart technology to assess your application faster
  • *Lending criteria, including affordability assessment applies.
Illustration1

FAQ

Car loans – the details

Being better informed makes for better decisions. Have a question or two? Check out these helpful FAQs or get in touch with the team.

What is a vehicle loan?

Vehicle loans can be used for all types of reasons, whether it is financing the purchase of a motorbike, car, caravan, campervan, boat or even a jet-ski. 
A vehicle loan could also be using an existing car you own to utilise the equity within your vehicle to borrow against and achieve a lower interest rate than a personal loan.

How does a cashraise work?

Cashraising is where you use a vehicle that you already own, and use it as security for your loan to achieve a lower interest rate, compare to an unsecured loan. Think about it like a mortgage but secured against a car, motorbike, boat, jet-ski or even commercial vehicles.

Can I get a vehicle loan if I have poor credit history?

Bad credit can seem like a burden when trying to get approved. A vehicle loan does help mitigate some of the risks from a lender when providing finance as there is collateral to claim against if the loan is unpaid.
Although being offered finance is not a given, a vehicle loan does open more options when there is a vehicle to use as security. 

Can I refinance an existing vehicle loan?

Yes. You can refinance your loan to a different lender even if you have finance secured against a vehicle. 

When refinancing a loan, it is important to be clear about what you want to achieve and the implications of making a change. For example: you may want to reduce the overall cost of your loan by refinancing or you may want to reduce your current repayment amounts. In short, when refinancing, make sure you have clear objectives and are well informed about the implications of making the change from one lender to another. 

Also, make sure you consider fees to repay your existing debt early, and any additional fees in securing the new finance.

Have a question? We’re here to help

Our 20+ strong team are better-borrowing champions – we’re for any questions, big or small.

Or request a call here:

One of the team will call you asap within business hours

*Fixed interest rates for vehicle and personal loans range from 9.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and is determined by the lender. 

Fees apply, including an establishment fee of up to $350 and an introducer fee of up to $995. Also, lenders may charge a PPSR fee of between $0 and $14. For example: On a loan of $5,000 over 12 months at 10.95% p.a. with Establishment and Introducer fees totalling $495 and a PPSR Fee of $7.39, the total amount to repay is $5,835.93 which is 12 monthly payments of $486.34. Those amounts don’t include ongoing fees, such as Service Fees, charged by the lender. You can find full fee information in the loan contract. We recommend that you check the fees before accepting the loan offer. See more about lender fees here.

Approval is subject to meeting lending criteria, and affordability test applies. Our lender will independently assess whether you are eligible for a loan.
Same day payout subject to the applicant meeting the above conditions and completing loan documentation by 12pm.