Car loans NZ.
Better rate.
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Car loan rates in NZ range from 8.99% to 29.95% p.a. (AIR). Secured car loans on our panel start at 8.99% p.a. and unsecured at 10.99% p.a. The rate you receive depends on your credit history, income, loan amount, vehicle type and term. We match you to a specialist vehicle lender from a panel of multiple NZ lenders for your best overall deal. Broker fee up to $1,500 (GST inclusive) and lender establishment fee up to $450 may apply.

A secured car loan uses the vehicle as collateral, which gives the lender more security and typically results in a lower rate. Secured car loans on our panel start at 8.99% p.a. An unsecured car loan does not require collateral and usually attracts a higher rate, starting at 10.99% p.a. Most car loans in NZ are secured, with the lender registering a financial interest in the vehicle on the Personal Property Securities Register until the loan is repaid.

Applying through Lending Room does not affect your credit score. We run a soft credit check during our assessment which does not appear on your credit file. Once we match you to a car loan lender, some lenders accept our soft check while others may run their own standard credit check as part of their process. You will be informed before any hard check is submitted.

Applying direct to a lender or through dealer finance means one application gets you one lender's offer and a hard credit check on your file. Each additional application stacks another hard check. Using a broker like Lending Room means one application and one soft credit check gives you access to a panel of multiple NZ lenders. We match you to the lender most likely to offer your best overall deal across rate, term and fees.

Apply through an independent car loan broker like Lending Room. We run one soft credit check during our assessment which does not appear on your credit file or affect your score, no matter how many lenders we approach on your behalf. This lets you compare car loan options across multiple NZ lenders without the multiple hard credit checks that come with applying direct or through dealer finance.

Yes. We work with NZ lenders who accept both dealer and private sale used vehicles. The age and condition of the vehicle may affect which car loan lenders are available to you. Vehicles between $3,000 and $250,000 can be financed across loan terms of 6 to 84 months. Before paying for any used vehicle, search the PPSR to confirm there is no existing finance registered against it.

Yes, in some cases. Pre-approval gives you a clearer budget before you start shopping. You can walk into a dealership knowing exactly what you can spend and avoid being pressured into on-the-spot finance. Pre-approval availability depends on the lender we match you to. Ask our team about pre-approval when we call with your options.

The minimum car loan amount through Lending Room is $3,000 and the maximum is $250,000, depending on the lender and your circumstances. Car loan terms range from 6 to 84 months.

Most applicants hear back the same business day they apply. Same-day funding is possible for applications approved before 12pm on business days, depending on the lender and verification requirements.

Yes. We work with lenders who accept employed visa holders with at least 13 months remaining on an open or employer-specific work visa, stable NZ-based income and a good credit history. The lender panel available to visa holders may be smaller than for citizens and residents, but car finance is achievable for those who meet the criteria. Learn more about visa holder loans →

A broker and introducer fee of up to $1,500 applies when your car loan is successfully funded. This fee is GST inclusive and is added to your loan amount. It is disclosed clearly before you commit, with no obligation to proceed. Lender establishment fees up to $450 may also apply depending on the lender.