Car Loans NZ | Car Finance | Pioneer Finance NZ

Car Loans, Made Easy

Easy application

Easy application

Our online application and approval process is simple and easy to use

Fast online approval & payout

Fast online approval & payout

We're usually able to provide a 24-hour turnaround to get you on the road faster.

Flexible repayments

Flexible repayments

Loan terms of up to 7 years with repayments that can be weekly, fortnightly, or monthly

What would it cost?

Understanding the exact cost of a personal loan is crucial. Use our easy-to-use calculator that provides you with an accurate estimate, taking into account all fees typically involved. We believe in transparency, so you can make informed decisions about your finances.

How much do you want to borrow?


24 Months

13.95% (annually)

Your repayment estimate

Weekly Fortnightly
Amount Borrowed $3,000
Establishment Fee $195
PPSR Fee $8.05
Amount Borrowed $3,203.05
Interest $486.04
9$ Monthly Fee $216
Total $3,905.09
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*This is an example of a common loan request and gives you an indication of what the monthly loan repayments will be. Your establishment fee may be different depending on the security used, complexity and the time taken to process your application. You may also optionally take payment protection insurance which would increase your total cost.

Our rates and fees

Rather than having set fees & interest rates we prefer to work with ranges as not every application is the same. So if it is a short term Bridging loan, Debt consolidation, Personal Loan, Home renovations, Car Loan, Holiday, Funeral or Business loan we have the loan for you.

Establishment Fee Range

$165.00 – $550.00

Interest Rate Range

11.95% - 22.95%

Loan limits

$2000 - $100,000

Loan terms

1 Month - 7 Years

Other information you need to know

  • All loans need to be secured.
  • There is no early repayment fee.
  • Your rate is fixed for the term of the loan.
  • You can pay Weekly, Fortnightly or Monthly.
  • Need to change your payment date just give us a call.
  • Statements are sent every 6 months.
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For further information please, see our rates and fees.

How does a Car Loan work?

A car loan is used to fund the purchase of a new car or upgrade an old car. Once you have found the car you like or have an idea of the amount you want to spend you can apply for a loan pre-approval to purchase a car.

Once you have found the car you like and entered in a loan, we will pay the seller using the proceeds of the loan. You then make your weekly, fortnightly, or monthly repayments until the vehicle loan is finished.

The Benefit

Using car finance to buy your new car instead of using cash means you can use the cash you have for other things like:

  • Clearing some short-term debt that has higher interest rates
  • Keep your cash for emergencies
  • Travel
  • Renovations to your property

Most car loans can be paid off at any time with early settlement fees.

What security is used?

Usually, the car you are purchasing will be used as security for the car loan. In some cases, additional security may be asked for such as:

  • Property
  • Motor vehicles – Including cars, trucks & motorbikes
  • Boats & Jetskis
  • Business assets
  • Household chattels

Types of insurance you can get with your Car Loan

The main insurances when doing a car loan are Payment Protection Insurance (PPI), Guaranteed Asset Protection (GAP), and Mechanical Breakdown Insurance (MBI). Autosure to provide our customers with the protection they need.

What is PPI?

Payment Protection Insurance protects you from your repayment obligations should you suffer an insured event. What this means is the Insurance company will maintain your loan repayments or in some instances settle your loan. There are three types of policy based on your employment as per the below table.

EmployeeSelf-EmployedEveryday Essential
Insured Events:

Death, Terminal Illness, Accident, Illness, Disability, Hospitalisation, Carer, Redundancy, Suspension, Employer Ceases Trading

Insured Events:

Death, Terminal Illness, Accident, Illness, Disability, Hospitalisation, Carer, Business Interruption

Insured Events:

Death, Terminal Illness, Hospitalisation, Permanent Disability


PPI helps reduce stress should you be impacted by one of the insured events. This enables you to get on with recovery or seek new employment without having to worry about making your loan repayments.

What Is GAP?

Guaranteed Asset Protection protects you against losses that may occur when your vehicle has been written off by your insurer. How GAP works is if there is a shortfall in what the Insurance company pays and what is owed to the Finance company your GAP policy may cover the difference.

GAP does come with other benefits so it is important to check your policy.

What is MBI?

Mechanical Breakdown Insurance provides the prescribed policy amount to have your car repaired. Modern vehicles have many mechanical and electrical components and some of these can be very expensive to replace. Mechanical Breakdown Insurance can provide peace of mind to car owners.

MBI helps cover some of these costs and has some additional benefits like:

  • Protection for petrol, diesel, hybrid, and electric vehicles
  • Depending on your policy, you may be able to help with towing or a rental car
  • Depending on your policy, 7-day / 24-hour AA Roadservice

Again it is important to check your policy document to see all of the costs and benefits of having an MBI policy.

Questions? We've got answers

If you are over the age of 18 (up to the age of 21 you may require a guarantor), a permanent resident of New Zealand, earn a regular income, and can demonstrate the ability to repay the loan, you may qualify for a vehicle loan.

We offer loans from $1,000 to $50,000 for a vehicle loan in New Zealand. The amount we lend does depend on the security offered for the loan. The more security offered the better chance we will be able to lend the amount you require. We will also need to check your affordability and credit profile.

Approval time depends on some variables:

  • How much information you provide, the more information you provide the quicker we will be able to give you an answer.
  • Larger loans tend to take a little extra time
  • Loans with property involved can also take a little longer to get approved

In saying that we do endeavour to give a same day answer on all applications received.

Yes, you can make extra repayments; or you can increase your minimum repayment to help pay your loan off earlier. We do charge a small early settlement fee of $75.

Applying at multiple finance companies will no longer affect your credit rating in New Zealand. Since October 1st 2019 every credit check done by a finance company is listed as a quote with Equifax, Centrix or Illion and will only affect your credit rating should you accept the loan offer.

Should I buy from a Car Dealer or a private sale?

Both options have pros and cons and below is a list of things to look out for:

Car Dealer

Covered by the Consumer Guarantee actCar dealers are often more expensive
Compare models and brands in one location
Trade in’s will often be available
Finance can sometimes be arranged on site
Clear title to the vehicle


Private Sale

Often cheaper than a car dealerNot covered by the Consumer Guarantees act
Always a large range availableHow do I know the seller owns the car?
Is there any finance owing on the car?
No trade in’s usually available
Need to arrange own finance


You do get more protection when buying from a car dealer and gain access to finance and insurance products in one location. Buying privately can be a good option – you just have to do a bit more work like:

  • Check the ownership of the vehicle
  • Check PPSR to see if any finance is owing on the vehicle
  • Arrange your own finance and insurance
  • Organise to have the vehicle inspected

Still a great option just a few more things to think about.

What checks will you complete using my information?

Depending on the security offered we will do checks with the following:

  • Credit checks with 1 or more of the following Equifax, Centrix or Illion
  • PPSR
  • Land online
  • New Zealand transport
  • Driver Check

Don’t worry if your credit check has a couple of bumps and bruises we may still be able to help you.

Car Loan Fees and Charges

Car loans will have various fees attached, which may include:

  • An establishment fee once your loan is approved and you have accepted the terms
  • Ongoing monthly account fees
  • Upfront security registration fees
  • Upfront caveat registration fee
  • Default fees for late payment
  • Early settlement fee
  • Caveat removal fee
  • One-time broker fees if using a finance broker

Some of these fees will be charged to the loan upfront or are calculated in your weekly, fortnightly, or monthly installments. Other fees can be charged at the end of the loan term such as early settlement fees or if you used your property as security a caveat removal fee can be charged.

For more details on our fees and charges go to our Consumer interest rates and fees page in the important information section.

Car Loan Repayment Example:

Amount Borrowed $10,000.00

Establishment Fee $395.00

Payment Protection Insurance $824.48

PPSR Fee $8.05

Interest Costs: Total including fees and insurance $11,227.53

Interest Rate 16.95%pa

Monthly Account Fee $12.00

Loan Term 36 Months

35 Monthly repayments of $411.85 plus 1 final repayment of $411.41

The above is an example of a common loan request and gives you an indication of what the monthly loan repayments will be. Your establishment fee may be different depending on the security used and the time is taken to process your application. We would also like to point out that the Payment Protection Insurance used in this quote is optional.