Let DirectLoans.co.nz help you source a great car or vehicle loan!
The low-down on Auto Loans
- repayments generally range over 6 months to 5 years
- loans on new and used vehicles are possible
- auto loan interest rates can be around 1.5 to 2 times higher than for home loans
- the vehicle will act as security on the loan so comprehensive insurance is normally required
Car finance tips
- work out what you can afford then stick to your budget
- compare different car finance offers - rates and terms do differ
- look for low interest rates, but also consider up-front and late payment fees
- check the small-print of your car finance contract before signing