Yes, you will need to working PERMANENTLY  with no trial period > at least part time or have some form of paid income along with any benefits from IRD or WINZ payments. The key to approvals is to have sufficient affordability and so ideally you need a combined income of at least $500 per week for car loan approval.

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.

Yes. 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.

10 Minutes. Each customer is different and we also work alongside multiple lending providers but a car loan approval can be received as quickly as ten minutes. If a case requires further information or assessment, then the team at CarPow are on hand to get to work for you instantly. 

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 10.95% upto 23.95% 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. 

As a nationwide provider we can offer our current vehicles if required but will also work with our preferred dealership suppliers to locate your perfect vehicle for you. Also if you already have a car in mind then we can carry out necessary checks for you such as valuation and that the KM’s are correct.  

Yes you can. Private sales are no problem and we can also negotiate with the seller on your behalf and speak directly with them for any paperwork needed.