No Deposit
Car Finance

100% finance options to get you on the road — without needing a cent upfront.

If saving for a deposit is holding you back, explore no deposit, zero deposit, or 100% car finance options that fit your budget and get you on the road.

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No savings? See what’s possible.

How no deposit car finance could work for you

No deposit car finance means you can apply for the full cost of the vehicle without paying anything upfront. It’s a way to get moving without waiting months to save, while still choosing repayment terms that suit your budget. We’ll help you compare your options so you can decide if it’s the right move for you.

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Finance the full purchase price

Apply for 100% of your car’s cost without needing a lump sum upfront.

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Get on the road sooner

No deposit means you don’t have to wait months to save before upgrading or replacing your vehicle.

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Free up your budget for other needs

Keep more cash available for things like insurance, registration, or unexpected costs.

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Keep your savings intact

Hold onto your savings for other priorities while still getting the car you need.

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Before you choose no deposit finance

It’s worth weighing up all the factors before deciding on a no deposit loan. Here are some of the key points to think about so you can make a confident decision.

  • Interest rates - Without a deposit, the total loan amount is higher, which can affect your repayments and total interest cost.
  • Depreciation and equity - When you finance 100% of a car’s cost, the loan balance can stay higher than the vehicle’s value for longer.
  • Vehicle price - Consider choosing a vehicle that fits comfortably within your approved budget.
  • Upfront coats - While you may not need a deposit, there may still be on-road costs or fees to factor in.

We’ll walk you through each of these factors so you know exactly how your loan works before you commit.

Finance with confidence

Clear advice, shaped around you

Everyone’s situation is different. Some people need a car quickly for work or family, others want to keep savings untouched, and some just like the flexibility of 100% finance. Whatever’s driving your decision, we’ll help you find a finance option that works for you.

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Your needs first

We’ll look at your situation and match you with finance options that suit your budget and lifestyle.

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Straightforward process

We keep it simple, guiding you from application to approval without the jargon.

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Tailored repayment plans

  • Choose a repayment structure that helps you manage your budget with confidence.

Check your no deposit car finance options

See what 100% finance could look like for you. We’ll outline what’s available, and you decide whether to take the next step.

Your questions, answered

No deposit car finance FAQs
No deposit finance can be a great option - but it’s important to know how it works. Here are some common questions we get, with clear, simple answers.

Can I get car finance with no deposit in NZ?

Yes - some lenders offer 100% finance, meaning you don’t need to pay anything upfront. Approval will depend on your circumstances.

Will my interest rate be higher with no deposit?

It can be. We’ll help you compare different terms and rates so you can choose what works best.

What types of vehicles can I finance?

Most passenger vehicles are eligible - from small cars to larger SUVs - subject to lender criteria.

Do I still need to pay any upfront costs?

You won’t need a deposit, but there may be other upfront costs like registration or on-road charges.

Can I trade in my current car as part of the deal?

Yes - if you have a vehicle to trade in, it can go towards your loan or reduce the amount you need to borrow.

How fast can I get approved?

Approval times vary, but once we have all the information we need, we can usually give you an answer within a business day.

*Fixed interest rates for vehicle loans range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. Fixed interest rates for 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 $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. 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.