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Your car finance questions, answered straight

The questions people actually ask us, answered honestly and in plain English. If yours isn't here, just ask when you apply.

Can I get car finance on a benefit or WINZ?

Yes, many lenders accept benefit income for car finance. What matters is that the repayments are affordable, not where your income comes from.

Does bad credit stop me getting car finance?

No, bad credit does not automatically stop you. Some lenders specialise in helping people with a poor or thin credit history.

Can I get car finance if I'm self-employed?

Yes. Self-employed people get car finance all the time. You just need to show your income is steady enough to cover the repayments.

How much deposit do I need for a car loan?

Often none at all. Many lenders offer no deposit finance, though putting some money in lowers your payments and can help approval.

Can I get car finance with no deposit?

Yes, no deposit car finance is common in New Zealand. Many lenders cover the full car price, though a deposit can improve your rate.

Will applying for car finance hurt my credit score?

Not with us. Fair Finance starts with one soft credit check, which does not affect your score. Only a formal application does a hard check.

How long does car finance take?

Often within a day or two. Many applications get an indicative answer the same day once your income and ID documents are in.

What documents do I need for car finance?

Usually photo ID and proof of income, plus recent bank statements. Having these ready is the fastest way to get approved.

Can I get car finance after bankruptcy?

Yes, though it depends on where you are in the process. Some lenders help once you are discharged, and options grow as time passes.

Is Fair Finance a lender or a broker?

Neither a bank nor a lender. Fair Finance is a referral service that compares approved NZ lenders and refers you to a fair fit.

What does Fair Finance cost?

Nothing. Fair Finance is free to use. We are paid a referral fee by the lender only if your loan settles, and it never changes your rate.

Can I pay off my car loan early?

Usually yes, and it can save you interest. Some loans have a small early repayment fee, so it is worth checking your contract first.

How much can I borrow for a car?

It depends on your income, expenses, and credit history. Lenders lend what they judge you can comfortably afford to repay.

What credit score do I need for a car loan?

There is no fixed minimum. A higher score helps, but some lenders approve car finance for low scores and poor credit histories.