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Frequently Asked Car Finance Questions

Why finance with NZVF?

Our finance is fast, competitive, and hassle free. One of our Business Manager's will tailor a finance package that you are completely comfortable with, one that suits your budget and your lifestyle.

Will I qualify for No Deposit car finance?

In most cases we can approve customers for no deposit car finance. To know if you qualify it is best to apply for a no obligation pre-approval by completing our online application form.

Do you lend to beneficiary's?

Yes, we do – it all comes down to affordability and the size of the loan, and the type of vehicle you are purchasing. However, you may run the risk of a higher interest rate due to the low residual value of your car. Ask our business manager for more details, as everyone's situation is different. Or apply online now and we will contact you. 

I’m self-employed, can I still get car finance?

Yes, in some cases it may even be easier to obtain a pre-approval if you have been operating a business for a number of years. Assuming that you are interested in reaping some of the tax benefits that come with financing a car for business use.

I have defaults on my credit history. Does this mean I can’t apply?

No – one of our business managers will help as much as possible to get your vehicle finance approved, even with defaults on your credit history. Of course, you must be prepared to accept higher than average interest rates.

How long does it take to get an answer?

Applications for finance received before lunch are answered in the afternoon of the same day; applications received after lunch are answered the next business day, if not before. However, wherever possible, we aim to respond to your application within the hour. If your application is urgent, please call us after submitting the loan application.

How much can I borrow?

The most important factor in determining how much you can borrow is affordability – or how much the repayments will be compared to how much disposable income you have. We work this out based on your current income and expenses. To find out how much you can borrow, use our (online calculator).

How long is the term of the loan?

We offer terms from 12 - 72 months. Subject to approval.

Can I get an approval before I have picked a vehicle?

Yes absolutely, If you have a type of car in mind, it's also helpful to include it in your application. We can change the vehicle you finally decide before finalising your loan.

Can I change the amount of my loan after it is approved?

Yes. If you want to increase the amount, it simply needs to be approved by us (you won't need to fill in another loan application). Just speak to our Business Manager who will organise it for you.

Do you approve loans with clients with bad credit?

It's more difficult to get an application approved with bad credit however we do get loans approved of this nature depending on the circumstances. We need a complete application and any additional information you can provide us is a great help to get a better picture.

Can I apply for finance with a learner's driver's licence?

No, the minimum driver's licence we require is a restricted licence.

Can I buy a car from an auction?

Yes, this is like buying a car privately. However, it is best to get pre-approved for the type of vehicle you are looking for before the auction. That way you know how much you have to spend when bidding and no nasty surprises.

Can I include on-road costs and insurance in my car loan application?

Yes, you can include all costs related to purchasing your new (or used) vehicle.

What are your interest rates?

At NZVF our annual interest rates range from 9.95% - 17.95%. The rate you are charged will depend on your personal circumstances taking into account a number of factors, including:
- your credit history
- how much you want to borrow
- the term of your loan
- your other financial commitments
Want to know what interest rate you are eligible for? We need to understand a little more about you and your circumstances so please fill out an application form and we will get back to you. If you have any further questions regarding interest rates please contact us.

Do you offer insurance?

Yes. To find out about our insurance products click here. We can include all your insurance in your finance.

Is there a minimum age for a loan?

Yes, 18 is the minimum age to enter into a contract.

How do I make payments to the loan?

Payments can be structured weekly, fortnightly, or monthly using an automatic payment from your bank.

Can I pay the loan off before the end of term?

Yes, however, there is a small early settlement fee in most cases. When completing the loan application, be sure to ask what this is if you intend to pay off the loan before the end of the term.

What will I need to bring with me or email to you?

When you come in and see us, bring with you a one month bank statement showing your pay going into your account, your ID such as a driver's licence or passport, and details of any other loans or payments you are making.

Can I insure my car repayments in case I become unemployed and am unable to repay?

Yes, you are able to insure your car repayments. NZVF has teamed up with Autosure NZ to provide you cover in case you are unable to meet your car repayments resulting from involuntary unemployment, hospitalisation, disability, or in the event of trauma. ACC only pays a maximum of 80% of your income – How would your household react to an instant 20% pay cut? - Talk to our business manager for more information.

What is a Guarantor?

A guarantor is someone who agrees to pay your loan if you don't keep up the payments.

Who can I talk to if I have any questions before making an application?

Call us on 0800 777 108 or email us at and one of our representatives will contact you.

What should I do if my contact details change?

It is important that your contact information is kept up to date so if your contact details change please let us know. 

Give us a call on 0800 777 108 or email us at


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