Calculator

Car Loan Calculator

Easily estimate your repayments using our Car Loan Calculator in New Zealand. Just enter your loan information to get instant estimates for your repayments, interest charges, and borrowing limits. Whether you’re financing a car, motorbike, boat, or other vehicle, our car finance calculator and vehicle finance calculator help you plan confidently. See how your monthly budget will be affected and avoid surprises down the road. With clear, fast results, you can make informed financial decisions for your next purchase. Ready to explore your options? Try our car loan calculator today and take control of your vehicle finance journey.

Use our smart loan calculator to estimate your repayments and total loan amount.

Plan Before You Apply

How Much Would You Like To Borrow?

Apply Now

Loan Amount

For How Long

Estimated
Repayments From

$783

$46,965 Total

$180

Total $46,850

9.95%/p.a

Calulated At An Example Rate

How key factors influence your car loan interest rate and repayments

Credit Score

Your credit score plays a critical role in shaping the interest rate on your car loan. A strong credit score signals to lenders that you’re a trustworthy borrower, often leading to more favourable interest rates. On the flip side, a lower score may result in higher interest rates, as lenders adjust for increased risk. Improving your credit history before applying can help reduce borrowing costs.

Loan Term Length

How long you choose to repay your loan can significantly affect your monthly payments and overall interest expense. Shorter loan terms usually mean higher monthly payments but lower total interest paid. Longer terms offer lower monthly repayments but result in higher interest costs over time. Choose a loan term that fits your financial situation and long-term goals.

Loan Amount

The total amount you intend to borrow also impacts the interest rate. In most cases, larger loan amounts are considered riskier by lenders and may come with slightly higher rates. Borrowing only what you truly need is a smart way to keep your car finance costs under control.

Debt-to-Income Ratio (DTI):

Your debt-to-income ratio is a key factor lenders consider when reviewing your car loan application. This ratio reflects how much of your monthly income goes toward repaying existing debts. A high DTI suggests financial strain and could lead to higher interest rates. Reducing your debt load or increasing your income before applying can improve your loan terms and lower your overall interest rate.

Who can apply?

Eligibility Criteria for a Car Loan in New Zealand

To qualify for a car loan, you’ll need to meet a few essential requirements. These criteria ensure that applicants have the legal and financial standing to manage loan repayments responsibly:

  • You must be at least 18 years old.
  • You must be a New Zealand citizen or resident, or hold a valid New Zealand work or student visa.
  • You must have a valid New Zealand driver’s licence (Learner, Restricted, or Full) or an international/overseas licence.
  • Your annual income should be over $30,000 before tax.

Meeting these minimum requirements helps lenders assess your ability to repay and improves your chances of loan approval.

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Why Choose Link Finance?

Fast Approvals

Most loans approved within 24 hours

Flexible Terms

Choose a plan that suits your budget

Easy Online Process

100% Online application form

Zero Deposit Options

Start with nothing upfront

Secure & Private

Your information is protected

Testimonials

Customer feedbacks

Hear what our valued customers have to say about their experience with our services. We’re proud to deliver satisfaction and lasting impressions.

Excellent service from start to finish. Everything was handled smoothly and professionally. Highly recommend to everyone I know!

Gerry Kellmen

Customer

Very satisfied with the overall experience. The team was responsive, friendly, and made the entire process so simple.

Johnson

Customer

Quick, reliable, and professional service. I’m glad I chose them and would definitely use their services again.

Maxwell

Customer

Outstanding experience from beginning to end. The staff was helpful, kind, and made everything easy for me to manage.

Anderson

Customer

Superb service with great attention to detail. I felt valued and supported throughout the entire process without any hassle.

Michael

Customer

Car Finance Calculator Disclaimer

The results generated by this vehicle finance calculator are intended as a general guide only. They do not represent a loan offer or carry any legal weight in regard to contracts or agreements entered into by you, the user. The figures provided are based on assumptions and may change without notice.

Please note that this simulation does not constitute a formal loan application or pre-approval. All interest rates and repayment amounts shown are indicative only and may differ from actual lending terms.

If you proceed with an application through Link Finance, we will perform our own assessment using our internal calculations, which may differ from those displayed here. We are not obligated to consider or rely on any figures you generate using this calculator.

Link Finance bears no responsibility for any decisions, financial losses, or actions taken based on the use of this calculator or its estimated results. All applications are subject to standard lending criteria, and additional fees and charges may apply.

Please be aware that this calculator does not account for any setup fees, early repayment fees, or other costs that may affect your final loan amount or monthly repayment schedule. Always seek personalised advice before committing to any financial agreement.

Frequently Asked Questions – Car Finance with Link Finance

At Link Finance, loan amounts typically range from $5,000 to $250,000. The exact amount you qualify for will depend on several factors such as your income, credit score, employment history, and current financial commitments. Our experienced finance brokers will assess your situation to help determine the most suitable borrowing limit for you.

Our interest rates range from 8% to 23.00%, depending on your financial profile. Factors like your credit history, loan amount, and term influence the rate you’re offered. We work to find you a competitive rate that fits your personal circumstances.

Yes, since Link Finance operates as a finance broker (not a lender), we charge a brokerage fee for sourcing the most suitable lender for your needs. This fee is clearly disclosed in the loan agreement and is typically added to the total loan amount.

Yes, you are allowed to pay off your loan early at any time. Early repayment fees may apply depending on the lender, but they are usually fair and transparent. We recommend checking the terms of your agreement before doing so.

If you miss a scheduled repayment or anticipate difficulty making a payment, it’s important to contact the lender immediately. Open communication can help avoid penalties or defaults. In some cases, Link Finance can assist by contacting the lender on your behalf.

Yes, self-employed individuals and contractors can apply for a car loan. You’ll typically need to provide recent financial statements, tax returns, or other proof of income to verify your ability to repay the loan.

Not necessarily. Many of our lending partners offer no-deposit car finance options, depending on your financial position and credit profile. However, a deposit may help reduce your monthly repayments or interest rate.

With Link Finance, you can apply for financing on a wide range of vehicles, including cars, motorbikes, utes, vans, boats, and jet skis. You can also apply for loans on both new and used vehicles from dealerships or private sellers.

Once you've submitted all required documents, loan approvals can happen within 24 to 48 hours in most cases. Delays may occur if additional verification is needed, but our team works quickly to move things forward.

Initial enquiries or pre-approvals may involve a soft credit check, which doesn’t impact your credit score. However, submitting a formal loan application will involve a hard credit check, which may temporarily affect your credit profile.

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