Why CarPow?

Frequently Asked Questions

Yes, we offer car loans for customers with all types of credit, including bad credit. Our team of experts will work with you to find the best loan options available.

Yes, we can help customers with no credit history secure financing. We have programs specifically designed for first-time buyers.

If you have no drivers licence and are looking to make an application for vehicle finance you will need to find a joint or co-borrower to add onto your loan. Due to car loans being secured onto the vehicle for security it means every application needs at least one borrower to be legally able to drive.

If you have previously been bankrupt and since discharged then CarPow can 100% review your application. Bankruptcy is often seen by lenders as a clean slate as it should have cleared away any previous financial debts and commitments. We will check to confirm you have completed the required timeframe as it requires 3 years from start to finish.

Each customer is different and we also work alongside multiple lending providers but a car loan approval can be received as quickly as the same day you apply providing you complete all of the required tasks required for our lending affordability test. If a case requires further information or assessment, then the team at CarPow are on hand to get to work for you instantly.

Interest rates vary depending on several factors, such as credit score, loan term, and vehicle type. Our team will work with you to find the best interest rate available for your unique situation.

Each application is assessed based on both the customers credit score and also their ability to repay the loan. The higher the risk of the loan not being paid back then the higher the interest rate can go. Rates can range from 8.95% upto 28.95% for serious credit issues. If you already have a rate you want us to beat – let us know!

Think of it like this. If we were not confident we could get customers with very bad credit approved why would we say we could? It would waste not just your time but ours too! We are the company to come to for second chance car loans and our team are on hand to ensure your application is only submitted when we think its ready to be approved.

Please complete our user friendly online application form which also includes an electronic authorisation for CarPow to receive your bank statements instantly(alternatively you can download and email). We then just need a clear picture of your drivers licence. Anything else can be confirmed over the telephone should we need it such as any balances on current finance, vehicle registrations etc.

Stock changes every day depending on what our customer’s purchase but we can typically provide each and every popular vehicle in NZ including buying into stock for you. We have storage yards in Auckland, Hamilton and Christchurch to service the whole country. Check out the Vehicles page on this website for more accurate listings.

Yes, we offer trade-in options for customers looking to upgrade their vehicle. Our team will provide an appraisal of your current vehicle and work with you to apply the trade-in value towards your new purchase.

Apply Online

We have tried to keep things as simple as possible and remove unnecessary steps to the process meaning you can complete our application in little than 1 minute. No credit check is done until we have reviewed your affordability and decided the loan looks good for pre-approval. We can then give you a fast decision for your car loan.

Select Vehicle

Once you have idea on how much you are able to lend, you can narrow your search to include only vehicles within your budget. Our vehicle experts will work with you to provide options to consider from reputable dealerships we work with and our own vehicles in stock. You are also able to search our listings in advance too!

Sign And Drive

When you have decided on your dream new car and have signed our digital documents from any mobile device all you need to do is sit back and await our delivery date to your door or work. If you want to collect in person that can be arranged also once your new car has been prepared to the high standard we expect.