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