Why CarPow?

How how we carry out affordability checks

CarPow use the latest affordability software from our provider - Illion that is designed to collect financial information from your bank account. Lenders review this summary to get an overview of your income and expenses over the previous 90 days, including details on accommodation costs, food and grocery expenses, insurance costs, and current financial commitments. By analysing your spending habits, the lender can make a more informed decision about your creditworthiness and assess whether you can afford to repay the loan. This is a responsible lending practice that helps to ensure that you are not overburdened with debt and can meet your financial obligations.

Consistent income: Lenders will look for regular and consistent income over the previous 90 days to ensure that you have a reliable source of funds to make loan payments.

Low expenses: Lenders will look for low monthly expenses, particularly in discretionary areas such as entertainment and travel, to ensure that you can afford to make loan payments without undue hardship.

Manageable debt-to-income ratio: Lenders will assess your debt-to-income ratio based on your current financial obligations and income, and will look for a ratio that is manageable and indicates that you can afford to repay the loan.

Regular savings: Lenders may look for regular savings habits in your bank statement data, as this demonstrates financial responsibility and the ability to budget and plan for the future.

Limited overdrafts: Lenders may review your bank statement data for any instances of overdrafts or bounced payments, which can indicate financial instability and may negatively impact your loan application.

When you apply for finance with bad credit through CarPow, you will be assigned your own Vehicle Credit Specialist. All of our experts are fully experienced in assessing bad credit car finance applications and will hold your hand throughout the whole process to ensure you have a stress free experience. Our unique customer portal also gives you access to the current status of your loan including any required tasks and ability to respond at any time of the day directly to your specialist.

At CarPow, our team have a reputation for providing a high level of professionalism and desire to help their customers – we have assisted lots of bad credit car loan customers to obtain car finance approval for their dream vehicles. Why not check out our customer reviews?

Friendly and Approachable credit

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. 


How CarPow works?

With our foundations in the UK car market in 2007 and in NZ since 2012, CarPow are the latest incarnation with our whole aim to make the process of buying a car as simple as possible. Our advanced technology is designed to assist you every step of the way and make the whole process as stress free as possible.

Frequently Asked Questions

Looking for a car loan can be a daunting task, but we're here to help. Below are some of the most frequently asked questions we receive from our customers. Our team of experts is always available to provide you with the information you need to make informed decisions about your financing options.

Of course! We have locations in many areas in New Zealand and Auckland has one of our main storage facilities with the latest imported arrivals. Some customers collect their car in person and others ask for delivery to their door or even workplace.

We are 99% online these day's with very few customers stepping foot inside our Finance engine room. If you have access to a mobile phone thats all you will need for literally everything for your Auckland Car Loan.

Yes, we like to think we are Auckland Car Finance experts and this certainly means we see plenty of very difficult cases. The finance companies we use are not just for perfect ratings and CarPow is a finance broker who also sells cars not a car dealer that does finance.

While we can give you estimates the repayment amounts will depend on many things including credit rating, price of vehicle and how long you repay your loan over.

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.

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.