Need finance for your car?

Getting finance for your car can be confusing, epecially for first timers. Click here for helpful advice on what you need to consider and how to make a finance application.
Read more

"Hi there. I bought a very cute little red Nissan Note from Shayne and the team at Ideal Cars, last November 2013. Their service was great, with the least amount of stress possible during the process. ..."
 
Julie Farrell - Ooh and PS the bar of Chocolate that followed was great too.
"I have bought a few cars off you now. I am a customer that keeps coming back and I am always happy with Ideal Cars. The staff are awesome and friendly and you have always been great to me. I will be ..."
 
Kylie Cottrell
"l was fortunate to purchase a Japanese import Subaru from Ideal Cars. The vehicle was superbly prepared and presented and exceeded my expectations you buy is safe and with the attention to detail. ..."
 
Bryan Graham, Christchurch
"Best service ever. HIGHLY recommend people go there for their next car.......... What Shayne and his team did for us was mind blowing. To get done what we needed in a short time frame was awesome. ..."
 
Troy Gibson
"I bought a car from you over a year ago now. My Grey ghost, Toyota Wish. Thank you for talking me in to this bigger model. I have never looked back. It runs like a dream."
 
Lisa Feltham
"Hi. I would highly recommend Ideal Cars to anyone. They provide very good customer service and high quality cars. We would definitely come back there when we buy another car. Thank you."
 
Razan Rahman
"My girlfriend and I bought a Subaru Legacy from Ideal cars a couple months ago and we love it! The car was low-mileage and well taken care of, and was everything we were looking for in a new ..."
 
Benjamin Norris & Francesca Spinardi
"Hi Shayne When we needed a new car and other people were mucking us about you stepped in and made it happen. We really appreciated that. Thank you. We'll be back."
 
Regards
Graeme Moore
"My late husband and I bought our wee 2005 Suzuki Swift in a hurry last August. It’s proving to be a treasure, and I do enjoy the regular emails from your firm. Very useful info."
 
Joan Fuller
 
 
 

What you need to know about car finance

Is a bank really cheaper than a finance company?

Loan options from finance companies are often tainted by fears of exorbitant interest rates, penalties and financial suicide. In reality, loans from finance companies can often work out far cheaper than loans from banks. How?

 

Let's do the maths!

If you borrow $10,000 over a three year term at 14% interest, your monthly repayments will be roughly $341 per month or around $85 per week. At the end of the loan term you will have paid a total of $2,304 in interest on top of the $10,000 you borrowed. Seem like a lot? Let's compare this to someone who borrows against their mortgage.

If you borrow $10,000 at a typical mortgage rate of 6% over the typical mortgage term of 15 years, it will add approximately $84 per month to your mortgage repayments. While this is significantly cheaper than a finance company in terms of monthly repayments, because the term of the loan is far longer you will end up paying a massive $5,190 in interest. If your mortgage term is 20 years this amount increases even further.

So which is better?

In the short term, going to the bank to finance your new car seems like a far better option due to the low repayments. However those repayments are low because of the lengthy loan term which means in the long run, the bank can be significantly more expensive. What you need to do is to evaluate your situation and priorities to make a decision that suits you.


Another solution may be to investigate setting up a revolving credit mortgage or second mortgage account which allows you to pay off the car loan at a far quicker rate while still taking advantage of the low interest rates. These options aren't available to everyone so you may need to discuss different options with your bank manager.

If you need any advice or information about the finance options available to you, we encourage you to email us on info@idealcars.co.nz or give us a call. You can find all of our details on the contact us page.

How to apply for your car finance:

Applying for finance for your next car is easy. Simply fill out the finance application form below, print it out and submit it. We'll handle the rest! If you have any questions feel free to contact us and we'll get you on the right track.

Worried about getting a car loan?

Getting finance for a major purchase can be nerve-wracking, especially if it's your first time.

When you apply for a loan, the finance company or bank you apply to are very careful to set up loan conditions that you can afford, as at the end of the day a defaulted loan for them is lost revenue. You don't need to be worried!

If you need advice on what to do about getting a loan for a new car you can visit www.sorted.org.nz , or give us a call at the yard and we'll let you know how you can make sure you get a loan that suits you.

Drivers Licence Fields

Below is an example of where you can find the required fields on your drivers licence.

 
 
 

Step 1 of 6 - Applicant Details

 

Applicant One

Title
 
First Name *
 
Last Name *
 
Date Of Birth
 
Gender
 
Relationship
 
Dependents
 
Driver Licence Type
 
Drivers Licence # - 5a
 
Licence Version - 5b
 
Home Phone
 
Mobile Phone
 
Email Address *
 
Current Address
 
Suburb
 
Town/City
 
Tenancy
 
Time at this Address (years)
 
Months
 
Previous Address
 
Suburb
 
Town/City
 
Tenancy
 
Time at this Address (years)
 
Months
 
 

Applicant Two

Title
 
First Name
 
Last Name
 
Date Of Birth
 
Gender
 
Relationship
 
Dependents
 
Driver Licence Type
 
Drivers Licence # - 5a
 
Licence Version - 5b
 
Home Phone
 
Mobile Phone
 
Email Address
 
Current Address
 
Suburb
 
Town/City
 
Tenancy
 
Time at this Address (years)
 
Months
 
Previous Address
 
Suburb
 
Town/City
 
Tenancy
 
Time at this Address (years)
 
Months
 
 

Step 2 of 6 - Employment Details

 

Applicant One

Type of Employment
 
Occupation
 
Present Employer
 
Address
 
Suburb
 
Town/City
 
Work Phone
 
Time with Employer (years)
 
Months
 
Previous Employer
 
Occupation
 
Time With Previous Employer (years)
 
Months
 
 

Applicant Two

Type of Employment
 
Occupation
 
Present Employer
 
Address
 
Suburb
 
Town/City
 
Work Phone
 
Time with Employer (years)
 
Months
 
Previous Employer
 
Occupation
 
Time With Previous Employer (years)
 
Months
 
 

Step 3 of 6 - Vehicle Details

 

Purchase Vehicle Details

Make
 
Model
 
Year
 
Rego No.
 
Stock No.
 
 

Trade-In Vehicle Details

Make
 
Model
 
Year
 
Mileage
 
Rego No.
 
 

Step 4 of 6 - Loan Details

Vehicle Price
 
Less Trade-In
 
Cash Deposit
 
Preferred Payment Amount
 
Preferred Payment Frequency
 
 

Step 5 of 6 - Income and Expenses

 

Applicant One

 
Average Monthly Net Income
Applicant
 
Other Source
 
 

Applicant Two

 
Average Monthly Net Income
Applicant
 
Other Source
 
 
Average Monthly Expenditure
Rent/Mortgages
 
Hire Purchase/Store Cards
 
Other Loans
 
 

Step 6 of 6 - Assets and Liabilities

 

Assets

House
 
Furnishings
 
Car
 
Investments/Banks
 
Other
 
 

Liabilities

Mortgages Outstanding
 
Store Cards
 
Credit Card
 
Car Loan
 
Court Fines
 
Bank Loan/Overdraft
 
 
Contact (please include contact telephone number)
Nearest Relative: (not living with you)
First Name
 
Last Name
 
Phone
 
Address
 
Suburb
 
City
 
Relationship
 

Have you ever had or are there now any attachments or legal proceedings against you, or any action for payment default?
 
If Yes, state details:
Terms & Conditions *
I/We authorise Ideal Cars Hamilton Ltd and any other finance company to contact any credit reporting agencies, credit providers, my/our employers, Ministry of Justice or any other source to obtain, check and exchange (both now and in the future) such personal, financial and commercial information and references about me/us as is necessary for the purposes of considering this application, fines enforcement and obtaining the balance of fines in default or any future application, the protection and administration of any loan arising out of this application and to assist in the enforcement of any agreement between me/us and any finance company. I/We agree that you may produce this authority to such parties for the purposes of collecting such information. Under the provisions of the Privacy Act 1993, you are entitled to have access and request correction to personal information held about you.
 
 
 
 
 
 
 
 
Copyright © Ideal Cars  |  View Desktop Version