LoanSpot Car Loans NZ

Providing a range of financial services including car loans, LoanSpot has helped thousands of Kiwis with their personal finance needs for over 10 years! LoanSpot Car Loans are a cheap, fast, fuss-free, and friendly option for people looking to purchase a vehicle in NZ. You can get the best deals fast thanks to their ties with other trusted lenders like Marac, NZCU, UDC, Avanti Finance, and others.

Wondering if cheap LoanSpot Car Loans are the best option for you? Compare all your options for vehicle funding here using our FREE comparison page at CompareBear!

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loanspot car loans nz

Why Choose LoanSpot Car Loans in NZ?

Simply provide your personal details as well as the amount you plan to borrow and LoanSpot can approve your application within 3 hours. Should you sign the documents before 12 PM, you can even receive the funds on your account on the very same day! This is how fast LoanSpot’s approval process works!

Your loan term is tailored according to your needs, allowing you to pay on a weekly, fortnightly, or even on a monthly basis. This will all depend on your income and other financial circumstances.

How does LoanSpot Car Loans in NZ work?

Secured Car Loan

You can borrow any amount between $3,000 to $75,000 from LoanSpot. Their deals all operate under secured car loans, requiring you to register a physical asset as a security guarantee for the loan. This lowers the interest rates you need to pay, and in some cases, increases the amount you’re eligible to borrow.

Your interest rates are fixed between 9.95% to 26.95% p.a., and you will need to pay an establishment fee of up to $999.

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FAQs


You need to be an NZ citizen or permanent resident of at least 18 years old with an income of at least $400 weekly. When you go to apply online, you’ll also need to provide personal details, driver’s license and number, proof of income, assets and liabilities, and your bank account details for faster turnaround times.

Not necessarily. Having a good credit rating can improve your chances for approval, but LoanSpot will also look into other factors such as the security you rendered, the amount that you borrowed, and your income.

Yes. You can switch over to LoanSpot from your old car loan if you think it’ll suit you better.