Car finance like no other

A car loan is money borrowed from a lender to purchase a vehicle. You receive the funds upfront, and then repay the loan in fixed instalments over an agreed period, with interest. The car may be used as security for the loan (secured loan) or not (unsecured loan).

Simplify offers three main types of car finance in NZ:

• Secured Car Loans – your car is used as collateral, usually giving you access to lower interest rates.

• Unsecured Car Loans – no collateral required, offering more flexibility but typically higher rates.

• No-Deposit Car Loans – for approved borrowers, you can finance 100% of the purchase price with no upfront payment. Our loan experts work with multiple lenders, so you get a tailored option based on your needs.

Yes. Simplify finances new cars, used cars, and imports. Each comes with slightly different lending criteria due to depreciation, age, and value - but we’ll match you with the best option across our panel of NZ lenders.

Yes. Whether you’re buying from a dealer or a private seller, we can arrange the loan and pay the seller directly. We also provide a free vehicle history and valuation check to ensure:

• There’s no money owing on the car

• The price you’re paying is fair

Our loan experts can run the Car check, and provide a free valuation to ensure there is nothing owing on the car and you’re not paying too much.

Yes, we provide EV finance for both new and used electric vehicles, and hybrids.

• Tailored for Vehicles: Unlike general bank loans, our finance is designed specifically for car purchases.

• Flexible Lending Criteria: Banks can be strict; we work with multiple lenders to find options for a wider range of borrowers.

• Faster Approval: Many customers get approved within hours or by the next business day.

• Personal Support: Our loan experts guide you through the process, something banks rarely offer.

Our loan experts are also here to provide support when you need it and help you find a personalised loan match.

Not always. Some lenders prefer a deposit, as it reduces risk and lowers your repayments. However, many customers are approved without one. If you can pay a deposit, it usually means:

• Lower interest costs overall

• Smaller monthly repayments

Yes. The main categories are:

• Secured Loans – the car is collateral (lower rates).

• Unsecured Loans – no collateral (higher rates).

• No-Deposit Loans – 100% finance for approved borrowers.

Interest rates in NZ typically range from 6.85% – 12.95% p.a., Secured depending on:

• Your credit score and history

• Loan amount and term length

• Type of car (new, used, EV, etc.) At Simplify, we compare rates across lenders to ensure you get the most competitive deal available.

Many of our customers are approved within minutes. At most, it usually takes up to the next business day, depending on how quickly you provide documents.

Comparing loans with Simplify does not affect your credit score. Submitting a full application will place a credit enquiry on your file, which may impact your score slightly. We’ll always let you know before submitting your details to a lender.

With Simplify, when you get an estimate, compare loans and apply for finance,

Yes. Pre-approval gives you:

• A clear idea of how much you can borrow

• An estimated interest rate and repayment amount

• Confidence when negotiating with dealers or private sellers Pre-approvals are typically valid for a set period (e.g., 30 days).

Simplify provides two free checks before you buy:

• Vehicle History Report – confirms if the car has money owing, been stolen, or written off.

• Vehicle Valuation Report – ensures you’re paying a fair market price. This protects you from overpaying or inheriting someone else’s debt.

Arrange a callback with one of our loan experts if you’ve found the car you want to finance.

Yes. Depending on the lender, you may be able to:

• Choose weekly, fortnightly, or monthly payments

• Make extra repayments without penalty

• Repay early to save on interest

Your privacy is important to Simplify and we invest heavily in our technology and data protection. You can view our Privacy Policy which provides you with information on how we collect, use and store your personal information. Please take a moment to read this policy and understand it.

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.

Yes. If you’re approved, you can borrow the full purchase price with no upfront payment. This is popular with first-time buyers or those wanting to keep savings untouched.

Connect with us today and compare like no other.

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. 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.

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)