Car loans

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

Three minute application. Fast decisions.

Our benefits

The better™ way to get on the road

Fixed Interest Rates

From the least to the most you could expect to pay, we tell you straight away. No hidden rate ranges. No surprises.

$0 Deposit Finance

No deposit needed to get you on the road. Secure finance with zero deposit and get the car you keep dreaming of.

Fast response

Three minute online application. Lending decisions in three hours or less. And same-day payout*. We won't keep you waiting.

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™ there’s no need to email bank statements or copies of your ID - our smart tech does the work for you, saving you time and hassle. From our quick three-minute application, right through to transferring the funds, we’ve got your time in mind.
*Affordability Test Applies.

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™, you’ll get a call from one of the team to discuss your application. It doesn’t take long, but in our book, it’s the most important step in making sure you get the best out of better™.

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.

What can we help
you make happen?

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

Apply in three minutes
Fast application decisions
*Affordability Test Applies
Smart technology to assess your application faster
No deposit finance available
Fixed interest rates and no surprises
Funds transferred in less than 24 hours

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, carvan, campervan, boat or even a jetski.
A vehicle loan could also be using an existing car you own to utilize the equity within your vehicle to borrow against and achieve a must lower interest rate than a personal loan.

How does a cashraise work?

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

Can I pay off my vehicle loan early?

Yes, here at better we are proud of the tools we have to offer to help our clients pay off their debt faster and get debt free earlier.
Some lenders will have fees and charges within their loan contracts if your loan is repaid before the term of the loan. So check the fine print before signing your contract.

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.
Refinancing can be a good option to reduce your annual interest rate, saving you money in the long run and helping to pay off your debt faster.
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.

Call us on:
0800 666 065

Email us at:
enquiries@better.co.nz

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.

One hour application decision subject to affordability test, the applicant meeting the lending criteria and supplying all the required information to process the loan application.

Same day payout subject to the applicant meeting the above conditions and completing loan documentation by 12pm.