Make the Switch, Drive Electric with EV Car Finance

Yes. Simplify helps you compare finance options from a panel of trusted lenders for both new and used electric vehicles (EVs). Whether you're buying from a dealership or a private seller, we'll help you find a finance solution that suits your budget and circumstances.

Absolutely. We can arrange finance for both new and used EVs, subject to lender criteria. Many New Zealand buyers are choosing quality used electric vehicles to reduce the upfront purchase price while still enjoying lower running costs.

The amount you can borrow depends on factors such as your income, expenses, existing financial commitments and credit history.

Before applying, use our Borrowing Power Calculator to estimate how much you may be able to borrow, or speak with one of our loan experts for personalised guidance. Check Your Borrowing Power

You’ll need to be:

• Over 18 years old

• A NZ resident or valid visa holder

• Receiving regular income

Required documents include:

• NZ driver’s licence or passport

• Proof of address (e.g., utility bill)

• Proof of income (e.g., payslips, bank statements)

There’s no fixed minimum. Approval depends on your overall profile, including:

• Income stability

• Existing debt

• Credit history

Even if your credit isn’t perfect, we may still be able to help. Our loan experts specialise in finding solutions for a wide range of situations.

Not always. Depending on your financial situation and the lender's criteria, you may be able to finance your electric vehicle with a low deposit or, in some cases, no deposit at all.

Our team will explain the options available and help you choose the right structure for your needs.

Interest rates vary depending on the lender, your financial profile and the vehicle being financed. Some lenders may offer competitive rates for eligible electric vehicles.

We'll compare available options across our lending panel to help you secure a finance solution that works for you.

Most EV loans can be structured over terms ranging from one to seven years, depending on the lender and your circumstances.

Choosing the right loan term helps balance affordable repayments with the overall cost of borrowing.

For many New Zealand drivers, financing an electric vehicle can make sense when you consider the lower running and maintenance costs compared with petrol vehicles.

Spreading the purchase cost over time can allow you to start benefiting from reduced fuel costs sooner, rather than waiting years to save enough to buy outright.

Yes. Comprehensive car insurance is usually required by lenders before the loan is finalised. This protects both you and the lender in case of accident, theft, or damage.

Savings vary depending on how much you drive, where you charge and the vehicle you choose.

Many New Zealand EV owners save between $1,500 and $3,000 per year on fuel costs compared with a similar petrol vehicle, while also benefiting from lower servicing costs.

You can estimate your repayments using our Loan Repayment Calculator and compare them with your current fuel spending. Calculate Your EV Repayments

Yes. If you're upgrading to an electric vehicle, your current vehicle may be used as a trade-in to help reduce the amount you need to finance.

Talk to our team about your upgrade options.

You can view our full fees and charges guide. Typical fees may include:

• Establishment fee

• Early repayment fee (sometimes waived)

• Administration fee

We’ll always be transparent so there are no hidden costs. You can view the fee schedules, rates and terms for Simplify loans on our website here Fees and Charges.

Yes. We can help arrange finance for popular electric vehicle brands including:

• Tesla

• BYD

• BAIC

• GWM

• Zeekr

• Hyundai

• Kia

• MG

• Nissan

• Polestar

• BMW

• Mercedes-Benz

• Volvo

• Audi

• MINI

• Other eligible EV brands available in New Zealand

Yes. Depending on lender requirements, finance may be available whether you're purchasing through a licensed motor vehicle dealer or buying privately.

We'll explain what's required before you apply.