100% Car Finance.

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Vehicle finance in New Zealand: new and used cars, with options up to 100% finance

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Whether you are buying a new vehicle, used car, or something from a private seller, Finance Corp. can help you secure vehicle finance that fits your budget and goals. In some situations, up to 100% finance may be available, which means you may not need a deposit, depending on the lender, the vehicle, and your credit profile.

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What to know before you apply for a car loan

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Deposit and pre-approval
A deposit is not always required. Getting pre-approval for vehicle finance can give you clear purchasing power and a firm budget before you start shopping.

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Loan type and security
Vehicle finance is commonly structured as a secured car loan, where the vehicle is used as security. This can influence the interest rate and approval criteria.

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Loan terms and repayments
Repayment terms can be tailored to suit your cash flow:

• Longer terms can reduce weekly or monthly repayments, but typically increase the total interest paid.

• Shorter terms usually reduce total interest, but repayments are higher.
  Ask about the total cost of the loan, fees, and any early repayment options so you can compare apples with apples. Lenders in New Zealand have disclosure obligations under consumer credit law.

 

Interest rates and credit history
Interest rates vary based on factors like your credit history, the lender’s pricing, the type of vehicle, the loan structure, and how much you are borrowing. If you want to understand what lenders may see, you can request a free credit report from New Zealand’s credit reporting agencies.

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Responsible lending and affordability checks
As of February 2026, lenders must assess whether a loan is likely to be affordable and suitable for you, and they must keep records of how they met those obligations.

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Private seller purchases: what to check first

Buying privately can be a great deal, but it has extra steps…

Check the PPSR before you commit
Search the Personal Property Securities Register (PPSR) before agreeing to buy, to check whether there is a security interest over the vehicle. If there is money owing, the vehicle could be repossessed even after you buy it.

 

Protect yourself
For private purchases, it is sensible to:

• Verify the vehicle details and get a mechanical inspection

• Sort insurance before collection, especially if the lender requires comprehensive cover

• Keep everything in writing, including what is included in the sale and the agreed price
  Guidance on private seller issues and common risks is available through Consumer Protection.

 

Avoid impulse buying

If you are considering car finance, speak with us first. We will help you choose a cost-effective structure, understand your likely repayments, and line up the right vehicle loan option before you sign anything.

Call 022 125 9110 for expert advice or click here for more information on Personal Loans.

 

This article is accurate as of 23 February 2026. Please note that financial advice changes regularly, so this information in this article, should be used as a guide only. Please call us for up-to-date information.

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