Car Loans
# Best car loan interest rates.
The average car loan interest rate in New Zealand is 13.95%*. However, this rate will vary depending on the type of car loan, the length of the loan and your personal financial situation. Your car loan interest rate will also depend on the type of car loan you choose. Lets have a look at how to get the lowest car loan rates in New Zealand.
How to get the lowest car loan interest rates in New Zealand ?
Many factors can affect the interest rate you receive on a car loan, including your credit score, the length of the loan, and the type of lender you choose. However, there are a few things you can do to help ensure you get lowest interest car finance possible.
First, be sure to shop around and compare car loan interest rates from multiple lenders. This will help you ensure you are getting the best rate possible.
Second, have a good credit score. This will help you qualify for the lowest car loan interest rate.
Third, choose a shorter loan term. The shorter the loan, the less interest you will pay overall.
Finally, consider using an auto loan broker. A broker can help you compare rates from multiple lenders and find the best car loan rates for you.
Car loan rates from ASB Bank
The current for an ASB car loan is from 12.95% p.a. This is a fixed interest rate, meaning that your repayments will not change over the life of the loan. ASB car loans offer a great way to finance a new or used car, with a fixed interest rate meaning you can budget your repayments with confidence.
The minimum loan amount of $10,000 makes it accessible for a wide range of people, while the maximum loan amount of $100,000 gives you the flexibility to finance a more expensive car if you need to.
Car loan rates from Co-operative Bank
The Co-operative Bank offers a number of different car loan options to suit your needs and budget. Their unsecured car loans have competitive interest rates starting from 12.99% p.a., while our secured car loans have rates from as low as 9.99% p.a.
If you’re looking to finance a new car, our personal loans could be the ideal solution. You can borrow up to $100,000 with flexible repayment options to suit your lifestyle. So whether you’re after a small hatchback or a luxurious SUV, we can help you get behind the wheel of your dream car.
Car loan rates from Heartland Bank
When you finance a car through Heartland Bank, you can expect to receive some of the lowest interest rates in the industry.
Their auto loan interest rates start as low as 6.99 APR, and we offer a variety of repayment options to fit your budget. They also have a number of flexible financing options for those with less-than-perfect credit. So no matter your financial situation, we can help you get into the car you need.
Car loan rates from Kiwibank Bank
Kiwibank offers a variety of interest rates and terms for car loans. The interest rate you receive depends on the loan amount and length of the loan, as well as the type of vehicle you’re buying and your credit score. New vehicles generally have lower interest rates than used vehicles. Car loan interest rates from Kiwibank start at 9.95% and can go up to 18.95%.
Car loan rates from Lending crowd
Lending crowd offers unsecured personal loans with interest rates from 6.45% p.a. for loan amounts from $5,000 to $50,000 and terms from 12 to 36 months as of July 2022.
Car loan rates from Harmoney
Harmoney’s personal loan rates start at 6.95% p.a. and go up to 19.99% p.a. The actual rate you’ll get depends on factors like how much you borrow, your credit history, and your repayment history.
Car loan rates from Advanti Finance
Avanti Finance offers loans for a variety of purposes, including car loans. With an Avanti car loan, you can finance a new or used car. Avanti offers competitive car loan rates, with rates starting at 9.95% p.a. You can also choose from a number of repayment options. The minimum loan amount with Avanti is $5,000.
