CarPow Car Loans NZ

A finance broker currently operating in the Hamilton area, CarPow car loans are a cheap source of vehicle finance for people looking for funds to buy a car. They consider a whole host of different factors, helping people secure funding even if they have bad credit history. They are a good option to consider if you are looking for a personalised deal that works for your circumstances.

Find out if getting a cheap CarPow car loan in NZ is the best option for you. Use our FREE comparison tool here at CompareBear in order to find the best deals in the country. Start your search for the most competitive interest rates today!

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carpow car loans nz

Why Choose CarPow Car Loans in NZ?

Choosing CarPow for your next loan can help you avoid long wait times, thanks to same-day processing and approval. You can also take advantage of their online process, letting you apply, accomplish, and process the loan without leaving the comforts of your own home.

Trusted Network for Quality Cars

CarPow takes care of processes from start to finish, up until the car is delivered to your garage. They can also help you select the right model, if you’re still undecided on which one you need to get. All this is done under their own trusted network, guaranteeing the quality of the vehicle you’ll receive.

They offer 10 trusted dealers to choose from, helping you find a car that best suits your credit rating, employment and income, and of course, your loan amount. These trusted dealers also expand your vehicle options, ensuring that you don’t settle on a car just because of a lack of options.

How does CarPow Car Loans in NZ work?

Fees and Terms

CarPow operates under secured loans so you’ll have to register an asset as a security guarantee. In this case, the car you’re thinking of buying. Expect interest rates between 8.95% to 23.95% p.a. depending on your employment, residence, asset backing, affordability, security value, and your general stability. CarPow will let you borrow anything between $3,000 to $100,000 so long as you’re able to make your repayments.

Fees and Charges

Take note of these general fees when you’re applying for your car loan:

$995.00 broker fee
$19.49 credit check fee
$495.00 direct establishment fee
$11.50 Personal Properties Securities Registration (PPSR)
$7.50 administration fees

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If you’re still not decided on which car you want to buy, CarPow’s Car Buyers can help assist you by connecting you to an authorised dealer, allowing you to view every car available in stock.

Yes. You just need to register a joint borrower who knows how to drive the vehicle you’re looking to buy.

Yes. CarPow is a specialist that can help Kiwis with different circumstances, even those with poor credit history, lack of asset procedures, and even those who have encountered a previous bankruptcy before.