Check your rate
100% online

7-minute quote

Interest rates

from 7.95% p.a.*

Borrow from

$2K - $50K

Direct lender

100% kiwi

Car loans

Everything you need to know about Nectar car loans.

Nectar provides both secured and unsecured car loans.

Check your rate
Cash now car loans

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

A cash now car loan allows you to buy a car with the loan upfront, at a competitive secured rate.

  • 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.

Won’t impact your credit score

Check your rate with zero impact to your credit score.
How it works

Simple three-step process

  • Apply online in around 7 minutes.

    Get your personalised rate and max amount with no pressure or paperwork marathons.

  • 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.

  • 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.

Won’t impact your credit score

Check your rate with no impact on your credit score.
Types of vehicles we finance

Vehicle security criteria

  • Current WOF & registration.

    Your vehicle must be road legal.

  • Eligible types: car or motorcycle.

    Two wheels or four — both are fine.

  • In your name.

    You must be the registered owner.

  • Fully insured.

    Nectar must be listed as an interested party.

Won’t impact your credit score

Check your rate with zero impact to your credit score.

Get your personalised loan quote as soon as 2:43 pm*

  • 01

    Simple, 7 minute application

    Apply online today and get your personalised loan quote.

  • 02

    Choose a loan option

    Select the amount and payment option that suits you.

  • 03

    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.

Check your rate
*Nectar Money's personalised interest rates are from 7.95% - 29.95% p.a fixed based on your unique circumstances, and is subject to responsible lending checks, credit criteria and terms and conditions. A $240 establishment fee and $1.75 admin fee per repayment applies.

Up front rates with no hidden fees

  • Loan sizes

    $2,000 - $50,000

  • Establishment fee

    $240. $1.75 admin fee per repayment

  • Interest rates

    7.95% - 29.95% p.a. fixed

  • Loan terms

    6 months - 5 years

See what your repayments for your new wheels may be?

$2,000
$50,000

per

Over

Total Payable: $27,363
Repayments as low as
$105.24
Get a personalised estimate
Check your rate

Won’t affect your credit score.

*Nectar Money's personalised interest rates are from 7.95% - 29.95% p.a fixed based on your unique circumstances. A $240 establishment fee and $1.75 admin fee per repayment applies. Calculator results are a guide based on an 11.95% interest rate and include the above fees.

Loan Features

  • Loans are secured or unsecured
  • 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
Find out more about Nectar's interest rates and fees

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 driver's licence or New Zealand passport

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.

Our latest resources

Keen to better manage your personal finances or understand how personal loans work? We explain how to make better financial decisions, regardless of your personal situation.

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

Check your rate