Need help finding a lender offering car finance? Check out Personal Loan Pal NZ!
Car finance between $50 and $4,600 is a type of finance option that encompasses car loans, used by people to pay for a variety of car-related expenses. They are available to those with bad credit. Depending on the amount, they can be either secured or unsecured.
A car can take you just about anywhere in life. It can take you to your daughter’s wedding, your son’s graduation. It can be the gateway to your next family holiday. So, it’s important to keep your car on the road and fully financed. That’s why we can find providers of car finance. Car finance is here for all your car needs. Whether you’re looking for a car loan or a car repair loan, we’ll do our best to find a personal loan provider for you.
Firstly, what is Personal Loan Pal NZ?
When an emergency strikes and you need somewhere to turn, we can be your loan pals! We are a lender-finding service that operates 100% online for your convenience. Our lender-finding service is fast and easy. So fast and easy, that it can take just a few minutes of your time to complete! So, sit back and brew a cup of coffee and it will be a perfect strength once you’re finished. You’ll soon know if we’ve found a lender for you. It’s that easy.
There are just three simple steps involved in our lender-finding service! It’s quick, easy and paperwork free. So sit back, and we’ll tell you more about car finance and how our awesome lender-finding process works. All you need is a laptop or mobile phone with an internet connection and you’re all set!
What is car finance, and what can I use it for?
Car finance is a type of personal loan that is used to pay for vehicle expenses.
Cars are extremely useful for daily life, and depending on your particular situation, an absolute necessity. Unfortunately, there also tend to be quite a few costs involved with them. Whether it’s buying a new or used car, paying for rego or insurance, or getting repairs or a service, the bills can start to pile up. That’s why car finance can be so useful! If you’re struggling to keep your head above water in a sea of car expenses, a car loan could be what you’re looking for.
Car loans aren’t just a solution for a single problem, either. They have a bunch of different uses! Their versatility can make them a blessing when auto expenses start to pile up. Here are just some of the things you can use car finance for:
- Buying a new car;
- Buying a used car;
- Vehicle insurance;
- Car repairs;
- Car service;
- Registration;
- Vehicle hire.
That gives you an idea of the extensive uses for car finance, but it’s far from an exhaustive list. Basically, if the cost is in some way related to your car or vehicle, car finance could help.
Where to apply for a car loan
If you’re on the hunt for car finance, we could be what you’re looking for! Our lender-finding service can help Kiwis who are looking for a loan find a provider to help get them back on the road.
There are some other car financing services out there which you may have heard of. For instance, when you decide to purchase a new car, the dealership could offer car finance. Prices and rates will vary depending on the dealership and your credit history. But why go traipsing around from dealership to dealership when you could use our lender-finding service to find a car finance provider instead?
Why choose Personal Loan Pal?
The power of the internet has opened a portal to a new world of online fintech (financial technology). We use some of these nifty new techniques to make our service as speedy and straightforward as possible! Here are just a few sweet features that we think makes our service so great:
- Quick applications. Our application process is designed to be user-friendly and can be completed in minutes.
- Lightning fast outcomes. If we find a lender for you, we can refer you to them without wasting your time.
- On the job loan specialist. if you have any questions regarding your application, please don’t hesitate to contact us.
- The hard work is done for you! We can take a load off your shoulders by doing the lender-finding for you.
And that’s why you should choose Personal Loan Pal! Now that’s settled, let’s dive into the finer details of how our process works.
Are you eligible for our lender-finding service?
As you’re reading about how quickly we can find car finance providers, you may be thinking, “am I eligible?” Well, we do our best to help as many Kiwis as possible find a car finance provider when they need it. However, there are some minim requirements you must meet before you can apply for our service. You must:
- Be 18 years of age or over;
- Be a New Zealand citizen or permanent resident;
- Have been receiving a regular income into a personal bank account for at least the past 90 days;
- Have an active phone number and email address
If you tick off those four little boxes, you’re ready to apply with our service to find car finance providers!
How to apply for car finance
Applying for our lender-finding service is simple and fast. We think applying should be easy and hassle-free, and that’s why our application process only has a few steps to follow:
Step One: Check if you qualify
Before you do anything, make sure that you fulfil the eligibility requirements above. If so then you’re ready to click that apply now button!
Step two: Fill out an application
So, it’s time to get cracking on your application. If you’ve applied for car finance with a bank before, you might be used to long waiting times and filling out endless forms just to apply. Not with Personal Loan Pal NZ! We’re all about convenience. That’s why our service is 100% online, and it’s also why you can complete our application form in just a few minutes. We know you don’t want to waste time giving out unnecessary details just to submit an application, and that’s not what we want either. What we want to do is try to find a lender for you, so let’s cut to the chase!
Step three: Wait for an outcome
Don’t worry, we won’t keep you waiting for too long! Once you submit your application, that’s where your work finishes and ours begins. While you’re kicking back or getting on with the rest of your day, we’ll be on the lookout for car finance providers. If we find one for you, we can refer you to them super fast. With our part of the job done, we’ll get on to helping other customers as you continue your car finance journey with your lender!
How much does a car loan cost?
As we are a lender-finding service, not a lender, we can’t guarantee how much a loan will cost. That will differ from lender to lender. Should we find a lender for you and they approve your application, all your loan terms will be outlined in your car loan contract. Your lender will determine the exact fees, terms and loan amounts available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.
Bad credit and car finance
If you have bad credit, you may have trouble acquiring car finance elsewhere. Unfortunately, the big banks don’t tend to give those with bad credit much of a chance when applying for a car loan or other finance options. We don’t think that’s fair. Bad credit is the result of negative information on your credit history, such as defaulting on payments. Defaults can stay on your credit history for up to five years! That means that even if your finances are better now, your credit score could still be suffering because of a blip from years back.
Contrary to what the banks might think, your bad credit doesn’t have to define you! When you apply with Personal Loan Pal NZ, we can find lenders who will look at more than just your credit history. That’s why a requirement for applying with our service is to have evidence of at least 90 days of income being deposited into a bank account. Should we find a lender for you, this will allow them to get a better idea of your current financial situation and ability to make repayments than your credit score can.
So, looking for bad credit loans? We might be able to find a lender that can help you out!
Receiving welfare payments and need car finance?
If you’re receiving welfare and you try to apply for a loan with a bank, you’ll most likely be turned away almost immediately. Sound familiar? Like those with bad credit, the banks seem to think that welfare recipients don’t deserve the chance to access car finance. At Personal Loan Pal NZ, we disagree. We think that just because you receive welfare, doesn’t mean you can’t apply for car finance. There are other finance options available to those receiving welfare, but if you find yourself in need of some extra funds, car finance could be what you’re after.
We agree with our partner lenders that receiving welfare won’t solely disqualify you from accessing car finance. As long as you meet the minimum eligibility requirements, you can apply for our lender-finding service. We’ll do our best to find a lender for you!
Let’s be pals!
We believe our lender-finding process is fast, easy and secure. We want your experience using our service to be a positive one. We’ll do our best to find a lender that can help you get back on the road quickly. Remember sometimes the journey is more important than the destination, and we want to make that journey as easy as possible!
So, if you need to find a provider of cash loans, we can help!
If you have any unanswered questions about our service, you can head to the FAQs page and see if your answer is waiting for you.
If you have any other questions regarding our service, please don’t hesitate to contact us! Alternatively, you can send an email to [email protected]. Whether you want to ask a question or you have some feedback, we’re always happy to hear from our customers. If you contact us outside of our business hours, we’ll get back to you as soon as possible on the next business day.
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