Car Loans

Cash Now - Car Loans

PersonalBorrow $2k - $40k

OnlineInterest rates from 11.95% p.a*

Time7-minute personalised quote

DaySame-day payout if approved

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Why Kiwi drivers choose Nectar’s Cash Now – Car Loan

Win like a cash buyer. Walk into any yard, online or private sale with funds ready.

Secured-rate pricing from day one. Your loan starts at our secured vehicle rate.

Zero deposit/Any age vehicle. Your vehicle can be two wheel or four, and any age.

60 days to pick your car. Find what you love, then add it as security.


How it works
  1. Apply online (7 mins). Get your personalised rate and max amount with no pressure or paperwork marathons.

  2. Get cash now at our secured rate. Funds can be in your account the same day (if approved) so you can negotiate as a cash buyer.

  3. Secure your loan within 60 days. Provide vehicle details and proof of insurance with Nectar listed as interested party. If no vehicle is provided by day 60, your loan moves to our unsecured rate—simple.

We’ll email you a variation notice if the rate changes after 60 days.


Vehicle security criteria (what we accept)

Current Warrant of Fitness & registration.

Eligible vehicle type: car or motorcycle.

In your name: the borrower must be the registered owner.

Fully insured, with Nectar listed as an interested party.

Unencumbered: no money owing to another lender.

Purchase price coverage: vehicle purchased for ≥ 70% of the loan amount you borrow.


Who it’s perfect for

Negotiators: You want best-price leverage as a cash buyer.

Busy people: One fast approval; buy when you’re ready.

Decisive shoppers: Budget now, choose the right car later.

See what your repayments for your new wheels may be?

$20000

$2,000 $40,000

Repayments as low as

$124.27

per

over

total payable
$25,849

Take a look at what other Kiwis say about us

Why choose Nectar Money for a car loan?

Get your personalised loan quote
as soon as 6:24 pm*

  • Simple, 7 minute application

    Apply online today and get your personalised loan quote.

  • Choose a loan option

    Select the amount and payment option that suits you.

  • Receive funds as soon as today

    If approved, we aim to have the funds in your account the same day as your contract being signed online.

* A Nectar Money loan is subject to responsible lending checks, credit criteria and terms and conditions.
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Up front rates with no hidden fees

Unsecured

Loan sizes

$2,000 - $40,000

Establishment Fee

Establishment fee

$240
$1.75 admin fee per repayment

Interest Rate

Interest rates (p.a.)

11.95% - 29.95%

Loan Terms

Loan terms

6 months - 5 years

Loan features:

  • No early repayment penalties
  • We fix your personalised interest rate for the life of the loan
  • You can make repayments weekly, fortnightly or monthly depending on your pay cycle

Common car loan questions

1. What happens if I don’t provide a vehicle within 60 days?

If you don’t supply vehicle details within 60 days, your loan switches to our unsecured rate — your current interest rate plus 3% p.a. — and we’ll issue a variation notice.

2. What if I’ve borrowed more than the value of the car or need more funds?

You’re only required to purchase a vehicle using at least 70% of the funds borrowed. You can repay any unused funds at any time — there are no early repayment penalties. If you were approved for a higher maximum amount and initially took less, you may draw down the remaining approved amount later (subject to your approval terms).

3. Can I buy from a dealer or a private seller?

Absolutely — either is fine. Just make sure the vehicle meets our security criteria.

4. Is insurance required?

Yes. Comprehensive cover is required to keep the secured rate, with Nectar listed as an interested party.

5. What type of vehicle can I use a Cash Now – Car Loan for?

You must buy a car or a motorbike. If you want to purchase a different type of vehicle, you can choose an unsecured loan instead.

6. When does the secured rate start?

Immediately — your loan is priced at our secured vehicle rate from day one.

7. What information do I need to provide when I find a vehicle?

Please provide: VIN Registration plate; a copy of the Warrant of Fitness and current registration; and a copy of the insurance certificate listing Nectar Trustee Limited as a registered/interest party. Email documents to [email protected] or call 0800 855 888 if you need help.

8. What happens if I sell my secured vehicle?

Because the vehicle is used as security, you have two options: (1) pay off the loan in full — there are no early repayment fees; or (2) contact us to switch to an unsecured loan interest rate.

Eligibility Criteria

You must be 18 or over;

You must have an income of $350 per week (after tax) or more;

You must be a permanent resident or citizen of New Zealand;

You must not have any serious bad debts or payment defaults;

You must have a New Zealand drivers license or New Zealand passport.

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Get your personalised loan quote in minutes with no obligation to accept1

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Terms and conditions
1 A Nectar Money loan is subject to responsible lending checks, credit criteria and terms and conditions. Nectar Money’s personalised interest rates are from 11.95% p.a – 29.95% p.a fixed based on your unique circumstances. A $240 establishment fee and $1.75 admin fee per repayment applies. There are no early repayment penalties.