Car Finance NZ: How to Get the Best Deals!

Car Finance NZ: How to Get the Best Deals! 

If you want to buy a car, car finance in NZ is probably something you’re considering. After all, car loans can be a great way to get behind the wheel of your dream car without breaking the bank. But how do you know which car finance deal is right for you? And where should you go to get the best car loan rates? We’ll provide you with the information you need to start your car finance journey!

Decide the car model and dealer in advance.

Car finance is easier to obtain when you have decided on the car model and dealer in advance. This way, the car finance company can better assess your creditworthiness and offer you a lower interest rate.

Choose a shorter loan period.

A shorter loan period means that you will have to pay back the car finance amount sooner. However, this indicates that you will pay less interest on car finance. So, if you can afford it, choose a shorter loan period.

Make a bigger down payment.

When you make a bigger down payment on your car, it reduces the amount of money that you will have to borrow from the car finance company. This also means that you will have to pay less interest on the car finance.

Get a co-signer

If you possess a good credit score, then you can get a co-signer for your car finance. This is someone who agrees to be responsible for the loan payments if you can’t make them yourself. This can help you in getting a lower interest rate and increase your chances of being approved for a loan.

Compare different car finance companies.

There are many car finance companies out there, and each one of them has different rates of interest. So, it would be best to compare the different interest rates before you choose a particular car finance company.

Read the fine print

You must read the fine print of the car finance contract before you sign it. This is because car finance companies can often have hidden charges that can increase the overall cost of the loan. So, ensure what you are signing up for before agreeing to anything. This way, you will be aware of all the terms and conditions of the car finance, and there will be no surprises or worries later on.


When looking for car finance, it’s important to shop around and compare rates. The first offer you receive from a car finance company is likely to be the highest, so don’t be afraid to negotiate and try to get a lower rate. It never hurts to ask!

Pre-pay your car finance

One way to get the best car finance deals is to pre-pay your car finance. This means you’ll pay a lower interest rate and could end up saving money in the long run. Talk to your car finance company about this option and see if it’s available to you.

Refinance your car finance

If you’re already paying off car finance, it’s worth considering refinancing your car finance. This means you’ll switch to a new car finance company with a lower interest rate. It can save you money in the long run, so it’s definitely worth looking into. Talk to your car finance company about refinancing and see if it’s an option that’s available to you.

Make extra payments

If you have extra money, you can make extra payments towards your car finance. This way, you will save on interest and pay off your car finance sooner. These are just some tips to help you get the best deals on car finance.

Do your research and shop around before choosing particular car finance in NZ. And always remember to read the fine print! Follow these tips, and you’ll be sure to get the best deal!

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