Why Choose AA Car Loans in NZ?
AA Car Loans offers flexible terms with low costs, providing a standard interest rate of 8.95% p.a. Under AA, you can borrow up to $100K under a term of 1 to 5 years, providing you with enough time to plan your repayments. There’s no monthly account fee as well, so you can enjoy your new ride without worrying about this extra cost every month.
How does AA Car Loans in NZ work?
Secured Car Loan
With a secured car loan, you need to register a physical asset as security for the loan. As an AA member, you only have to pay around $180 compared to the $240 fee for non-members. You can also get approval within an hour, making AA Car Loans one of the best options if you’re looking to get approval fast.
In order to qualify for AA’s car loans, you need to be above 18 years old with a valid NZ driver’s license, an income of at least $30,000, and should not be legally bankrupt and burdened with debts to other financial institutions.