Car Loans

Through MARAC, we’ve been providing car loans for New Zealanders for over 40 years.

We know vehicle finance inside out and are passionate about helping you find your next vehicle. Whether you’re looking to purchase a car through a private sale or through our nationwide network of authorised motor vehicle dealers, we’re here to make the finance process fast and simple.

Start your application

How much would you like to borrow?
What is your loan term?
Estimate your interest rate
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The actual interest rate charged on a loan made to you will depend on your personal circumstances and will be between 8.95% to 14.95% per annum. To determine your interest rate we look at things like your credit history and income. See here for more information.

Weekly repayments:
Total amount payable:
 

While we have calculated your repayments at the interest rate you have selected, the interest rate that will be charged if your application is successful may be different – meaning that the repayment amount may differ to the amount shown above. Our interest rates vary between 8.95% and 14.95% p.a. and your interest rate will depend on your personal circumstances as explained here. An establishment fee of $222 and PPSR fee of $10 will apply to each loan, and the repayment amount shown above includes repayment of that fee. Please call us on 0800 85 20 20 for more information.

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Lifestyle Protection Insurance
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Lifestyle Protection Insurance

Covers you in case you are unable to work because of unexpected events including life (death), illness, accident or redundancy.

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Mechanical Breakdown Insurance*
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Mechanical Breakdown Insurance*

Cover protects you in case your car has an unforeseen mechanical breakdown.

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Guaranteed Asset Protection Insurance (GAP)
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Guaranteed Asset Protection Insurance (GAP)

Covers the difference (the GAP) between what your vehicle is worth and how much you owe– not just the value of the car!

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Motor Vehicle Insurance**
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Motor Vehicle Insurance

Cover for your car. In the event of an accident you know that you'll have the right level of protection to cover damages to your car and also any damages you may cause to someone else's car or property.

View more details

Thank you for your application

One of our lending specialists will be in contact within the next 2 hours, or the next working day (if application received outside business hours). If you need to contact us before this, please call us on 0800 85 20 20.

Here's how it works

Start your application online, anytime, anywhere.

One of our lending specialists will be in contact within two hours from receiving your application or the next working day.

We can also provide a conditional approval if you’re still looking for your next car.

Get Started

Interest rates are based on your individual circumstances and range from

8.95%p.a. to 14.95% p.a. Lending criteria, fees and charges apply.

We also offer finance for:

Boats

Jetskis

Caravans

Motorbike

Apply now

For rates, fees and terms click here.

Insurance

We offer a comprehensive range of insurance products to give you peace of mind as you drive away in your new vehicle.

Lifestyle Protection Insurance

Covers you in case you are unable to work because of unexpected events including life (death), illness, accident or redundancy.

View more details

Mechanical Breakdown Insurance*

Cover protects you in case your car has an unforeseen mechanical breakdown.


View more details

Guaranteed Asset Protection Insurance (GAP)

Covers the difference (the GAP) between what your vehicle is worth and how much you owe– not just the value of the car!


View more details

Motor Vehicle Insurance**

Cover for your car. In the event of an accident you know that you'll have the right level of protection to cover damages to your car and also any damages you may cause to someone else's car or property.

View more details

Lifestyle Protection Insurance and Guaranteed Asset Protection are provided and underwritten by MARAC Insurance Ltd. For Rating and Solvency information click here.
*Mechanical Breakdown Insurance is provided by MARAC Insurance Ltd and underwritten by DPL Insurance Ltd.
**Motor Vehicle Insurance is administered by Crombie Lockwood and underwritten by QBE Insurance (Australia) Ltd.

Questions? We have answers

We will be in contact within two hours from receiving your application, but this might be the next working day depending on when your application is received.
Yes – We know that some people like to know how much they can borrow before they go shopping for a car. You can apply for the loan as normal and, if approved, you can use the approval confirmation with a MARAC or Heartland-authorised motor vehicle dealer. If you’re organising a private sale, we will pay the private seller on your behalf.
Yes – If you want to increase the amount, give us a call on 0800 85 20 20. If approved, we can confirm this over the phone and you won’t need to fill in another loan application.
Yes. To find out about our insurance products click here.
$5,000 is the minimum amount that can be borrowed.
Yes, you need to be at least 18 years of age.
No, the minimum driver’s licence we require is a restricted licence
The security will be the car you’ve purchased, although we may ask for additional security and/or a guarantor.
Yes. Give our car loans team a call on 0800 85 20 20, and we’ll see what we can do to change your loan to suit your circumstances (there may be a fee to restructure your loan).