Looking for a new set of wheels? Alternate Finance can help with fast online car loan, subject to credit checks. By lending you the cash you need, you can hit the car yards with the purchasing power of being a cash buyer. Vehicle financing lenders aren’t all equal – Be sure to get a low interest rate because some dealers will have you paying top dollar!
Getting an online car loan is relatively easy because the car itself becomes security over the loan. We lend for all types of vehicles, including motorbike loans, tiny home finance, trailer loans and even caravan loans. We finance new and used cars NZ wide.
Use our car loan calculator and enter the loan amount to see what your weekly repayments will be. Once happy, set aside 8 minutes to complete our application and we should have a preliminary answer back to you about your car financing within the hour, and approval within 24 hours, subject to being in accordance with the responsible lending code of New Zealand.
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Don’t Buy A Car Until
How do you know if a car has been stolen NZ?
Before paying the seller with your car loan, research if it’s been stolen. Enter the rego number, the VIN, the engine or chassis number into Google. The Search results will tell you If it has been stolen.
How do you know if a car has money owing on it in NZ?
If you’re looking to finance cars in NZ to purchase privately, then it’s essential to do a PPSR search to ensure there isn’t any money owed on the vehicle before you buy it. Visit this PPSR website to get started. It’s easy.
https://ppsr.companiesoffice.govt.nz/help-centre/searching-the-ppsr/motor-vehicle-search//
Car Loans NZ Calculator
Choose your term
Repayment Details
1 YEAR
Your Weekly Repayment
$22.60 PER WEEK* This is an approximate loan duration and amount based on assumed adequate security & collateral, job security, income, residence situation and positive references. This is subject to the New Zealand responsible lending code. Terms and conditions apply.
Rates
Vehicle financing from Alternate Finance allows you up to 36 months to make repayments unless agreed otherwise, in advance and in writing. You’ll be asked to provide bank statements and you’ll need to meet our lending criteria, but once approved, you’ll be given an annual interest rate that ranges from the very low interest rates of 9.95% to 26.98% p.a for your car loans.
Need more info including our finance cars NZ default interest rate? please view our rates and fees page by clicking here.
Terms
Before you get a car loan from Alternate Finance, please ensure you understand the terms, fees and interest rates. When you apply for your online car loan, you’re allowing Alternate Finance permissions to collect and store your private information for business use. We endeavour to keep all private information on this website accurate, up to date and encrypted, so you can apply for a car loan in confidence. Any inaccuracies found, if brought to our attention in writing, will be dealt with within a reasonable time. For further details about the terms of your car loan, please follow this link.
Security
Your details are data protected when applying for a loan, as we have end-to-end encryption on all of our web forms. All loan information you provide will be treated confidentially and you can have confidence that your loan application will remain secure.
Did You Know?
Preapproval To Finance Cars in NZ
Get a new or used car loan with Alternate Finance and you'll get the advantage of being a cash purchaser when talking to the car dealer. We can give you pre-approval on a personal loan so you can negotiate with confidence.
NZ Car Loan Calculator
Financing a car loan starts with figuring out what you can afford. Use our car loans NZ calculator above and select the term and the amount you'd like to borrow. Apply for finance with us, and once approved, we'll send through an offer of finance, which includes the terms, interest rates, finance rates and the establishment fee. We bundle this into one easy weekly payment.
Best Way To Finance Cars In NZ
Kiwi's often fall into the trap of too many HPs, too many loans, and high-interest rates. If you've got a little bit of cash, put down a decent deposit because the less you borrow will make a mountain of difference in interest payments. Pay your loan off as fast as possible. If you're buying new from a dealer, negotiate a guaranteed buy-back rate.
Borrowing For A Car
Borrowing terms can vary greatly between car financing companies. It's usually best for your pocket if you finance your car independently from the dealer, so you get flexible loan terms and the right loan options.
Car Finance Rates When Borrowing
We often have the best car finance rates when comparing our competitors. You can view our low interest rates and finance rates here.
Old Car? Get A Compression Test
It's always risky to buy a second-hand car. The owner could be completely genuine, but the next day it breaks, and you're stuck with an emergency bill. Before buying, it's smart to ask a local mechanic to run a compression test on the engine. If there's a loss of compression, don't buy the car.
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Frequently Asked Questions
How does car financing work?
Alternate Finance NZ, the lender pays the car’s purchase price for you, and you repay the borrowed amount over time, with interest. This allows you to spread the cost of the vehicle across 36-48 months.
What factors do lenders consider when approving a car loan?
Can I get pre-approved before shopping for a car?
Can I refinance my car loan in the future?