Looking for a car loan?

Learn about car loans or use our fast and simple form to get started.

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What is a car loan?

A car loan is a loan that you take out to pay for a vehicle. The loan is secured against the car, which means that if you default on the payments, the lender can take possession of the car.

Car loans are typically available from banks, credit unions, finance companies and car dealerships. The interest rate on a car loan is usually fixed, which means that your weekly, fortnightly or monthly repayments will stay the same for the duration of the loan.

What's the benefit?

  • Car Finance can help you get into a car sooner than if you were to save up the money yourself.
  • You can choose the car you want without worrying about having the cash upfront.
  • You can use your car as security for the loan itself.

What would it cost?

What's the cost?

Finding out how much a personal loan will cost you can be difficult. Use the simple calculator below to figure out how much it could cost you.

Choose your amount

Loan Amount


Loan Term

24 Months

Interest Rate


What's my interest rate?

Example Breakdown

Amount Borrowed
Establishment fee 
Amount Financed
$9 monthly 
account fee
Weekly Repayments
Fortnightly Repayments
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*This is an example of a common loan request and gives you an indication of what the monthly loan repayments will be. Your establishment fee may be different depending on the security used, complexity and the time taken to process your application. You may also optionally take payment protection insurance which would increase your total cost.

Some common questions

Some of our most common questions and good to know answers.

The difference between a car dealer and private sale

Car Dealer

  • A car dealer is a registered motor vehicle trader that sells cars, usually from multiple manufacturers. They may also offer vehicle finance and after-sales services.
  • Most car dealers will ensure your new car is serviced before you buy.
  • Customers purchase with the knowledge they are covered by the consumer guarantees act
  • When buying from a car dealer you can be certain that no money is owed on the vehicle.

Private Sale

  • A private sale is when an individual sells their car directly to another individual, without going through a car dealer.
  • Purchasing a car privately means you will need to have your finance sorted.
  • If paying upfront you will need to check the PPSR register to make sure no one else has registered a security interest.
  • You will need to check who is the legal owner of the vehicle in New Zealand.

What fees could be charged?

Car dealers will usually charge a range of fees, including:

  • On road costs fee, which can include the cost of registering your new car, licensing and any other government charges. This fee is often added to the purchase price and can be included in the loan too.
  • An administration fee or broker fee, which is charged for processing the paperwork for finance associated with you borrowing money and signing a loan contract.

Private sellers are not allowed to charge any fees other than the cost of the vehicle itself.

    How to apply online and qualifiy

    • You will typically need a satisfactory credit rating in order to qualify for a car loan.
    • Proof of address will be required
    • A copy of your valid New Zealand drivers license will be needed
    • You don’t have to be a new zealand resident but do need to be over the age of 18.
    • We follow the responsible lending laws in New Zealand and have a responsible lending criteria , which means we will need to check your affordability before we allow you to borrow money from us. To do this we will need 3 months bank statements showing stable income.

    Once the above information is provided we will then be able to issue a conditional approval. To gain a pre-approval based on your personal circumstances you can complete our online application below.

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      How much can I borrow?

      The amount you can borrow will depend on a number of factors such as your income, employment status, credit history and the value of the vehicle.

      It also depends on your personal circumstances, what the repayment amount is and what you can afford. Lending criteria terms are different with each lender and fees apply.

        About us

        Personalloan.co.nz was created by Pioneer Finance who were established in 1995 and have been providing financial services to New Zealanders for over 27 years. 

        We specialise in finding a flexible solution to your needs whether it be for Debt Consolidation, Home Renovations, Personal Loans, Car Loans, and Business Loans. 
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