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Looking to buy a car but don't have the funds?

An Instant Finance Car Loan can help get you on the road in a ride that suits all lifestyles and can help you spread the cost over a few months or years. 

We make borrowing money to buy a car easy, so if you're thinking about car finance in NZ, talk to our friendly staff and act like a cash buyer at the car yard. 

 

Why Choose Instant Finance

Apply in just minutes

Personalised interest rates from 9.95%

Money in your account within 24 hours

25 Locations across the country & online everywhere

Fast online application
Same day response
Money in your account within 24 hours of approval
Personalised rates

Estimating your car loan repayment 

Thinking about buying a new car and wanting to know what you'll be paying before applying for a loan? Instant Finance's user-friendly car loan calculator lets you easily estimate your weekly, fortnightly, and monthly payments by adjusting the loan amount and term.  

It's a great way to get an idea of what your repayments might be. Just remember our interest rates are customised to each person's financial situation, so it’s best you apply online and get a personalised quote from us! 

How does Instant Finance car finance work? 

With Instant Finance, it’s easy to apply for car loans in NZ. 

  1. Apply online with your contact info, financial details, the loan amount and the type of loan you want.
  2. We’ll assess your loan application and let you know if we can lend you the money and what loan options you’re eligible for. 
  3. If we can, we’ll transfer the money directly to your bank account. 

If you would like to get an estimate of your loan repayment before you apply, simply enter the loan amount and term on our car finance calculator above.  

Things to look out for when taking out a car loan

Here are a few things to look out for when you're taking out car finance in NZ.

  • Deposit and Repayments. Understanding your car finance terms will help you plan exactly what you can afford. Instant Finance offers car loan packages that include no deposit so you can choose a quality car, easier.
  • Do your research. If buying from a dealership, you most likely would be offered car finance, but make sure you do your research as often the dealership doesn’t have a good interest rate compared to Instant Finance.
  • Protect yourself with insurance! Slip-ups happen, so whether it’s protecting yourself from a stone chip or something more serious, vehicle insurance will help protect your car and your car loan.
  • Car warranties. Wherever you purchase your car from, take note of the warranty on offer to give you peace of mind. 
  • Read the terms. Take the time to carefully read through the loan terms, lending criteria, repayment amount, dates, and any other fees associated with your loan before you sign your loan agreement.

Can I Get a Car Loan with Bad Credit?

Yes – at Instant Finance, we specialise in helping Kiwis with bad credit get access to the car finance they need. If you've had trouble getting approved elsewhere, we may still be able to help. You can apply online for a car loan of anywhere between $500 & $50,000.

We look at more than just your credit score – including your income, employment, and ability to repay the loan. Whether you've had defaults, missed payments, or other challenges in the past, our team will take the time to understand your situation.

Why Choose Instant Finance for a Bad Credit Car Loan?

  • We offer bad credit car loans with flexible repayment options
  • We’ve helped thousands of New Zealanders with poor credit
  • We focus on responsible lending based on your current circumstances

You can apply online in minutes, or speak to one of our team if you have questions. Our goal is to help you get the car you need – even if your credit history isn’t perfect.

Our customers say the nicest things!

"Excellent help – friendly staff. Always willing to do what they can."
Sheryl, Dunedin
"Excellent customer services skills – friendly. They take a personal interest in the customer; they are quick to help"
Lynette, Waterview, Auckland
"Super friendly staff kept things nice and simple. I absolutely loved the homeware and furniture options available to add to my loan. Very helpful."
Isiah, Dunedin
"Instant Finance rocks! Always finding ways to help whanau with unforeseen bills. Love it!"
Louise, Hastings
"Just the best people to deal with!"
Kelly, Christchurch
"Service is efficient and sufficient. Very helpful, thank you."
Ken, Warkworth
"I feel I am treated professionally and respectfully by all personnel at Instant Finance and they are always very friendly and helpful to me"
Elizabeth, Avondale, Auckland
"Excellent customer service, Kuini and staff at Onehunga are thoughtful and really listened to us. The process was thorough, and we really felt we were listened to."
Katherine and Howard, Manurewa Auckland
"Linwood Instant Finance has great people, customer service and are lovely and kind to talk to. Recommend these guys to everyone"
Renee, Christchurch

Loan terms

Our minimum loan term is 3 months, and our maximum loan period is typically 7 years.

Interest rates

Instant Finance provides loans at an annual interest rate from 9.95% to 29.95% per annum.
The rate that applies to your loan will be based on a range of factors including your circumstances, credit history with us or others, the security you can provide and the loan amount.

Once set, the interest rate is fixed for the term of your loan.

Default interest rate

If you get behind in your loan repayments, then we may charge a default interest rate on any overdue loan payments, while they are unpaid.

For our Personal Loan Product, the Default rate that we charge is 10% per annum above the Interest Rate that normally applies to your loan.

For our Consumer Loan Product, the Default rate that we charge is 10% per annum.

On this basis the maximum annual interest rate charged would be 39.95%

Loan fees

Some or all of the following fees are payable at loan commencement, these may be added to the amount you borrow:
Loan establishment fee
A one-off set up fee for your loan.

From $100 to $220 depending on amount of new money borrowed.

Digital ID Verification Fee
A per verification charge through a 3rd party where we meet face to face

$2.55 per person

Digital & Biometric ID Verification Fee
A per verification charge through a 3rd party where the loan is transacted remotely.

$7.70 per person

Security Registration fees
For secured loans where we register an interest in Personal Property items provided as security

$8.05

Administration Fee
A fee payable on each instalment due date of your loan

$3 (per instalment)

Credit and Default fees
Default or other fees that can arise during the course of a loan are shown in our full fee schedule.

Loan Example:

The amount repayable of your loan is made up of your interest rate, plus fees. For example, if borrowing $10,000 repayable over 3 years at an interest rate of 29.95% you would be required to make 156 weekly instalments of $102.54. This repayment is made up of interest, an establishment fee of $220, an ID verification fee of $7.70 and an administration fee of $3.00 per instalment.
Total interest would be $5,300.54 with total fees of $695.7 making the total payable over the full term $15,996.24.