Finance Application Process

Looking to finance your new car, but have never financed anything before?

At Affordable Car Sales, we make it easy for you to get into a new car. Whether you need financing for a short term or a long term, we’ve got you covered. Our finance options are designed to be flexible and convenient, with our goal of having your application processed in less than 24 hours.

LETS GET STARTED!

1. Choose your application method

In Person – visit us at 232 Roydvale Ave, Christchurch and apply with one of our friendly finance consultants.

Online – complete a full application by pressing ‘apply now’ under the repayments calculator on our finance page.

2. Submit any required documents

We will then submit your application and will need copied of the following documents to proceed.

– Drivers License

– The last 90 days of bank statements

3. Application review

Once we have your application and documents, we will submit them to our finance company. At this stage, the finance company may require extra documents, so our team will contact you if need be. The finance company will review your application and, hopefully, provide us with an approval.

3. Finalising your finance

Once your finance is approved, we will finalise your repayment plan and get everything in order. We usually receive payment the same day, so our logistics team can start preparing your new car immediately.

FREQUENTLY ASKED QUESTIONS

1. Can I pay off my loan early, and are there any fees associated with early repayment?

You can pay off the full loan at any stage. Depending on who your application gets approved with, there may be a small fee to fully pay off the loan.

2. Can I make additional payments towards my loan?

You can make additional payments towards your loan at any stage. This will reduce the total amount of interest you will need to pay.

3. What will my interest rate be?

Interest rates can vary depending on your profile & will be discussed at the time of your application.

4. What are the minimum and maximum term lengths for the loan?

The minimum term length for any vehicle loan is 6 months. The maximum term length for any vehicle loan is 60 months.

5. What is the maximum loan term length for someone on a Working Visa in New Zealand?

The maximum loan term length will be determined by the length of your working visa. For example, if you’re on a working visa in NZ for 12 months, your loan term must be a maximum of 12 months.

6. Is a deposit required?

No, in most cases a deposit is not required when financing a vehicle. This will be confirmed on approval.