When it comes to buying a car, one of the biggest decisions you’ll face is whether to pay cash or opt for car finance. While paying cash might seem like the simplest option, it’s not always the best choice for everyone.

• No Debt: You own the car outright, with no monthly repayments.

• No Interest: You avoid paying interest on a loan.

• Simpler Process: No need to deal with lenders or loan applications.

• Depletes Savings: Using a large chunk of your savings can leave you financially vulnerable.

• Limited Budget: You’re restricted to cars within your cash budget, which may mean settling for an older or less reliable model.

• Missed Investment Opportunities: The money used to buy the car could have been invested elsewhere for potential growth.

Car finance offers flexibility and financial benefits that paying cash simply can’t match. Here’s why it might be the right choice for you:

Paying cash for a car can drain your savings, leaving you unprepared for emergencies or other opportunities. With car finance, you can keep your savings intact while spreading the cost of your car over time.

Car finance allows you to buy a newer, safer, and more reliable car that might be out of reach if you were paying cash. This means you can enjoy better features, lower maintenance costs, and improved fuel efficiency.

At Simplify, we offer tailored car finance solutions to suit your budget. You can choose a repayment plan that works for you, whether it’s weekly, fortnightly, or monthly.

If you make your repayments on time, car finance can help you build or improve your credit score. This can make it easier to secure loans in the future, such as a mortgage.

If you’re buying a car for business purposes, financing it can offer tax advantages. You may be able to claim interest and depreciation as business expenses, reducing your taxable income.

With car finance, you pay for your car in today’s dollars, even as inflation increases the cost of goods and services over time. This can make financing a more cost-effective option in the long run.

Not true! At Simplify, we work with Kiwis of all credit backgrounds to find car finance solutions that suit their needs.

While paying cash avoids interest, it may not be the most cost-effective option. For example, if you invest your savings instead, the returns could outweigh the cost of interest on a car loan.

With Simplify, the process is simple and stress-free. Our team handles the hard work, so you can focus on finding the perfect car.

Paying cash for a car can be a good option if:

• You have enough savings to cover the cost without impacting your financial security.

• You’re buying a cheaper, used car that fits within your budget.

• You prefer to avoid debt and monthly repayments.

However, for most people, car finance offers greater flexibility and financial benefits.

At Simplify, we’re committed to helping Kiwis find the best car finance solutions. Here’s why thousands of New Zealanders trust us:

• Fast and Easy Process: Apply online in minutes and get approved quickly.

• Tailored Solutions: We find loans that suit your budget and financial situation.

• No Hidden Fees: Transparent terms with no surprises.

• Expert Advice: Our friendly team is here to guide you every step of the way.

Don’t let the upfront cost of a car hold you back. With Simplify, you can drive the car you want without draining your savings. Apply for car finance today and enjoy the flexibility and peace of mind it offers.