For many Kiwis, buying a car can feel like navigating a maze—especially when it comes to car financing. Traditional dealership finance may promise speed but often lacks transparency. Meanwhile, traditional personal loans can be slow, paperwork-heavy, and riddled with delays, leaving borrowers waiting for approvals and follow-ups.
Fortunately, there’s a smarter option for securing the best car finance NZ-wide. Nectar Money has introduced a flexible, fast, and borrower-first secured car loan that combines the benefits of our quick, simple online personal loans with the strength of secured financing. Whether you’re upgrading, downsizing, or simply need a better ride, here’s why Nectar Money’s new secured car loan could be the best option for your next purchase.
The car finance landscape is evolving, and Kiwi borrowers are demanding better. Traditional car loans often tie borrowers to dealership conditions, limit negotiation power, and offer little flexibility. Nectar Money now offers secured and unsecured car loans for the ultimate in flexibility.
Our secured car loan uses a hybrid structure—offering the speed and simplicity of unsecured personal loans with the interest savings benefit of a secured car loan. Borrowers get access to immediate funds, allowing them to act quickly as cash buyers while still negotiating the best deal for their new wheels.
The key difference? There’s no need to provide upfront security. You can secure the loan later—within 60 days—once your new car is ready to be registered as the security. It’s a smarter, more flexible way to finance your vehicle. Read more about secured and unsecured loans and how they work.
Nectar Money’s process is designed to eliminate the pain points of traditional car financing. Instead of weeks of back-and-forth with banks or brokers, Nectar Money offers a streamlined online application and fast assessment, using the same proven process that powers their popular personal loans.
Once approved, borrowers benefit from a secured personal loan rate that’s lower than their standard unsecured personal loan rate. With a minimum secured interest rate of just 11.95% p.a., it’s a standout in the market for car loans NZ-wide.
Key features and benefits:
What makes Nectar Money’s car finance especially unique is the 60-day security window.
Once your loan is approved and paid out, you have 60 days to provide your vehicle security. This gives you the time and freedom to:
During this time, your interest rate remains at the secured rate. If by day 60, the qualifying vehicle hasn’t been provided as security, the loan transparently transitions to an unsecured personal loan rate. No hidden fees, no surprises—just clarity and choice.
Not every car can be used to secure the loan. Here’s the essential checklist to ensure your vehicle meets the criteria:
This ensures the vehicle is reliable, finance-free, and a suitable asset to secure your loan.
The beauty of this new model is how it puts borrowers in control:
This approach supports smarter financial decisions and makes the car buying journey less stressful and more rewarding.
This secured car loan is ideal for:
Getting started on your secured car loan application is quick and easy:
Nectar also provides support for uploading documentation such as proof of income, ID, and insurance.
Car buying in New Zealand doesn’t have to be slow, frustrating, or dictated by dealerships. With Nectar Money’s innovative secured car loan, Kiwi borrowers finally have a fast, flexible, and competitively priced car financing solution.
Whether you’re buying your first car, upgrading to a family vehicle, or looking to save on interest, Nectar Money’s smarter loan structure puts the power back in your hands. Enjoy the confidence of acting like a cash buyer, secure the best deal on your next vehicle, and feel supported every step of the way.
Start your online application today and experience the future of car loans NZ style – designed with you in mind.
Unsure of how to manage your money? You can access free personal finance services or pay for professional personal finance advice.
How much can you borrow with a Nectar Money Personal Loan?
With Nectar Money you can borrow unsecured up to $40,000, or as little as $2,000. Use our loan repayment calculator to find out how much you could get.
Do you need a great rate on a personal loan? We’d love to help with your personal loan requirements. Find out how much you could borrow and learn more about our personal loans. You can get started with Nectar Money and get a personalised loan quote online which will include your interest rate, maximum borrowing amount and repayment options.
Nectar Money – we make lending sweeter.*
*Nectar Money’s lending criteria and responsible lending checks apply.
