AA Money - Car Loan
Amount, $5 000 - $100 000 ;Term, 1 - 5 years
$5,000 – $100,000
Rate from 8,95 %
Approval: 1 - 5 years
Best Car Loans in New Zealand
We compare 16 offers. Updated 20 Apr 2026.
Best Car Loans 2026
Rapid Loans
Amount, $1 000 - $10 000 ;Term, 6 - 48 months
$1,000 – $10,000
Rate from 3,30 %
Approval: 6 - 48 months
Jacaranda Finance
Amount, $300 - $10 000 ;Term, 12 - 24 months
$300 – $10,000
Rate from 1,50 %
Approval: 12 - 24 months
Quick Loans
Amount, $1 000 - $20 000 ;Term, 6 - 36 months
$1,000 – $20,000
Rate from 9,95 %
Approval: 6 - 36 months
ANZ
Amount, $3 000 - $40 000 ;Term,6 months - 7 years
$3,000 – $40,000
Rate from 12,90 %
Approval: 6 months - 7 years
Harmoney
Amount, $2 000 - $50 000 ;Term, 3 - 5 years
$2,000 – $50,000
Rate from 6,99 %
Approval: 3 - 5 years
Loansmart
Amount, $1 000 - $10 000 ;Term, 6 - 60 months
$1,000 – $10,000
Rate from 13,95 %
Approval: 6 - 60 months
Avanti Finance
Amount, $1 000 - $100 000 ;Term, 1 - 5 years
$1,000 – $100,000
Rate from 7,00 %
Approval: 1 - 5 years
Aotea Finance
Amount, $500 - $5 000 ;Term, 1 - 24 months
$500 – $5,000
Rate from 28,85 %
Approval: 1 - 24 months
Gem Personal Loan
Amount, $2 000 - $200 000 ;Term, 6 - 84 months
$2,000 – $200,000
Rate from 9,99 %
Approval: 6 - 84 months
Future Finance
Amount, $1 000 - $80 000 ;Term, 12 - 60 months
$1,000 – $80,000
Rate from 16,99 %
Approval: 12 - 60 months
121 Finance
Amount, $1 000 - $20 000 ;Term, 6 - 36 months
$1,000 – $20,000
Rate from 9,00 %
Approval: 6 - 36 months
Instant Finance
Amount, $200 - $20 000 ;Term, 3 - 36 months
$200 – $20,000
Rate from 29,95 %
Approval: 3 - 36 months
Admiral Finance
Amount, $1 000 - $50 000 ;Term, 6 - 60 months
$1,000 – $50,000
Rate from 23,95 %
Approval: 6 - 60 months
CarFinance2U
Amount, $5 000 - $50 000 ;Term, 2 - 7 years
$5,000 – $50,000
Rate from 8,95 %
Approval: 2 - 7 years
MTF Finance
MTF Finance specialises in vehicle and personal loans in New Zealand, with a nationwide dealer and broker network.
$2,000 – $100,000
Rate from 8,95 %
Approval: 24 hours
How car loans work in New Zealand
A car loan lets you borrow a fixed amount to buy a vehicle, then repay it in monthly instalments over an agreed term. Most NZ lenders offer car loans from $5,000 to $100,000, with terms between 1 and 7 years. Interest rates typically range from 9% to 29% p.a., depending on your credit history and the lender.
Secured car loans use the vehicle as collateral. You usually get a lower rate this way, but the lender can repossess the car if you stop paying. Unsecured car loans cost more in interest but put no asset at risk. Many NZ borrowers choose secured loans for amounts above $20,000.
What to compare before signing
Look at the total cost of the loan, not just the monthly repayment. A longer term means smaller payments but you pay more interest overall. Check whether the loan has early repayment fees. Some lenders charge a penalty if you pay off the loan ahead of schedule. Also check the establishment fee, which can add $150 to $500 to your upfront costs.
AA Money, CarFinance2U and Avanti Finance specialise in car loans in New Zealand. Mainstream banks like ANZ and Westpac also offer competitive rates for vehicle finance, particularly if you already bank with them.