Car Loan Refinance NZ
Your rate was set by the dealer. Fix that.
If your car loan came from the finance desk, there is a fair chance it was priced for them, not you. See what the panel would charge for the same loan today.
How refinancing works
Tell us about your loan
The balance, the repayment and the lender. Five minutes, one question at a time.
Compare the switch
New offers shown with the total payable next to the cost of staying put, break fees included.
The lender settles it
Pick an offer and the new lender pays out the old loan directly. One repayment from there.
Questions? We've got answers
When is refinancing a car loan worth it?
Two honest cases: your credit file has improved since you took the loan, or the original loan was priced high in the first place, which dealer finance often is. In both, a new loan can cost less in total than finishing the old one.
It is not worth it when break fees and a new establishment fee eat the saving. Every refinance offer we show puts the total payable next to the cost of staying put, so the answer is visible, not vibes.
Does refinancing hurt my credit score?
Checking your rate does not affect your credit score.2 If you switch, a hard enquiry is recorded and the old loan shows as settled. Paying the new loan on time does the rest.
Can I refinance if I still owe more than the car is worth?
Sometimes. It depends on the gap and your wider position, and your adviser will give you a straight answer before anything goes near a lender. If refinancing would dig the hole deeper, we will say so.
Visit the guides library for the longer answers.