How is car finance calculated?

Here's how we calculate the interest on your car loan 

Buying a new car should be an exciting time in every Kiwi's life.

That’s why we aim to make the process as smooth as your new set of wheels.

Our calculations take into account the total amount being lent, the term of the loan, as well as the current interest rate. There may also be other factors that affect these calculations when assessing whether you’re a low- or high-risk applicant, such as:

  • Weekly earnings
  • Credit ratings
  • Marital status
  • Time with current employer

To get an estimate visit our calculator, contact us, or phone our friendly team on 0800 229 943 to have a chat.

Stepping into the car dealership? Remove the stress with our guides:


Want to know your options?

Use our vehicle loan calculator