Going electric? Let's work out the real number.
EVs and hybrids come with their own questions – charger costs, RUC, real running costs. Once you've worked out what you're after, we'll sort the finance side. Our 20+ NZ advisers assess your situation and match you with a suitable lender from our NZ panel.
Approval subject to responsible lending checks and lender criteria.
Start online
EV buyers we help
The kind of buyers we work with.
Most people we work with on EV finance are doing the thinking carefully – weighing up the whole picture before they commit. We handle the loan side once they're ready.
Whatever your situation, we'll assess it and match you with a suitable lender. Subject to lender criteria.
Real Kiwis. Real reviews.
4.9 out of 5 stars from over 10,500 reviews on Trustpilot.
How it works
Three steps. That's it.
Tell us what you're considering
Start online – it takes a few minutes. Tell us about the vehicle you're looking at (or the type), what you earn, and what your situation is. If you'd also like the loan to cover a home charger or installation, mention that – it's commonly bundled in.
We assess your situation
One of our 20+ NZ advisers reviews your details and works to match you with a suitable lender from our NZ panel of 12+. Approval subject to responsible lending checks and lender criteria.
You know where you stand
Clear guidance, in plain English. If there's a path forward, we'll walk you through what a loan looks like. If there isn't, we'll let you know and point you in a useful direction.
Good to have handy
Help us move faster for you.
You don't need all of this to get started – but having it ready means we can move faster for you.
Why better finance™
Here's what to expect from the team.
Real people, not bots
A real NZ adviser guides you from first enquiry through to settlement. Same person, same conversation. No chatbots, no call centres.
NZ lenders who know NZ
Our panel of 12+ lenders is NZ-based, so your application is assessed by people who understand the NZ market – wages, cost of living, how Kiwi budgets actually work.
Calm, not pushy
EVs are a bigger decision than most car purchases. Take the time you need. We'll handle the finance side when you're ready – no hard sells, no deadlines we invented.
Common questions
Straight answers to the ones people ask us most.
Yes – this is one of the most common things our EV customers ask about. A home wall charger plus installation can be a meaningful additional cost, and some lenders we work with will let you bundle that into the vehicle loan. Your adviser will work out what that looks like alongside the rest of your numbers. Subject to lender criteria.
Since April 2024, BEVs (full electric) pay $76 per 1,000km in RUC, and PHEVs (plug-in hybrids) pay $38 per 1,000km. You buy RUC in advance based on the kilometres you'll drive. Most people underestimate this when comparing to petrol, so it's worth factoring into the running-cost picture before you commit.
Battery State of Health (SOH) is the single biggest variable on a used import EV. A car that looks identical to another can have meaningfully less usable range if the battery's degraded. Trade Me Motors lets you filter by Battery SOH now, and any reputable dealer should provide a SOH reading on request. Once you've decided on a vehicle, your adviser can factor it into the loan structure.
For most NZ daily driving, a modern EV's range is plenty – the average Kiwi drives well under 50km a day. Where range matters more is regional travel, towing, or if you don't have off-street parking for home charging. A hybrid or PHEV is often the better fit if range or charging access is genuinely a concern. Worth being honest with yourself about your real driving pattern, not the worst case you imagine.
Common situation. Once you have a sense of what your current car is worth (trade-in offer or market estimate) and what's left owing on the existing loan, your adviser can structure a new loan that works around that. If you owe more than the car is worth, we'll let you know what your options look like.
Exit terms vary by lender. Some have early repayment fees, some don't. Your adviser will tell you up front what your loan's exit conditions look like, so you know exactly where you stand if your situation changes. We won't recommend a loan where the exit terms would lock you into something that doesn't suit your circumstances.
Ready to sort the finance side?
Start online. Once you know what you're after, we'll assess your situation and match you with a suitable lender.
Start onlineApproval subject to responsible lending checks and lender criteria.
Loan Information
| Detail | EV & Hybrid Finance |
|---|---|
| Fixed interest rate range | 7.95% – 29.95% p.a. |
| Loan term | 12 – 60 months |
| Establishment fee | Up to $350 |
| Introducer fee | Up to $995 |
| PPSR fee | $0 – $14 |
The actual interest rate charged to you will depend on your circumstances, the type of lending required, and the security provided. Fees apply, including an establishment fee of up to $350 and an introducer fee of up to $995. Lenders may also charge a PPSR fee of between $0 and $14.
Example: On a loan of $10,000 over 24 months at 9.95% p.a. with establishment and introducer fees totalling $495 and a PPSR fee of $7.39, the total amount to repay is $11,627, which is 24 monthly payments of $485. These amounts are examples only and exclude ongoing fees such as service fees, charged by the lender. You can find full fee information in the loan contract.
Approval subject to responsible lending checks and lender criteria.
One Partner Ltd (FSP403346), trading as better finance™, holds a Class 2 Financial Advice Provider Licence issued by the Financial Markets Authority to provide financial advice.