Common Questions
Quick answers about applying, rates, approvals, timing, trade-ins, credit and repayments.
Apply in minutes
What do you need to apply?
Please complete our user-friendly online application form, which includes electronic authorisation for CarPow to receive your bank statements instantly (alternatively you can download and email). We then just need a clear picture of your driver’s licence.
Anything else can be confirmed over the phone if needed — such as balances on current finance, vehicle registrations, etc.
Common Question
What are your rates?
Interest rates vary depending on several factors, such as credit score, loan term, and vehicle type. Our team will work with you to find the best interest rate available for your unique situation.
Each application is assessed on both your credit score and your ability to repay the loan. The higher the risk of the loan not being paid back, the higher the interest rate can be.
Rates can range from 8.95% up to 28.95% for serious credit issues. Already have a rate you want us to beat? Let us know!
Fast & Simple
Do I have to apply online?
Yes, applying online is the easiest and fastest way to get started with CarPow. Our technology-driven systems are designed to save you time and effort.
You can complete your application within minutes from your phone, tablet, or computer, with seamless ID verification and secure bank statement connectivity.
Skip the hassle of paperwork and waiting in line. Apply online today and take the first step toward your car loan.
Finance Experts
Are CarPow Credit Experts?
Yes, we are specialists in car finance, including helping customers with bad credit. If you’ve been rejected by a bank or dealership, don’t worry — we work with common-sense lenders who look at your full financial picture.
We believe past challenges shouldn’t define your ability to get a car loan. We match you with lenders who offer bad credit car loans to help you get back on the road and rebuild your credit.
Expect a fast, same-day decision — subject to affordability checks and responsible lending — so you can focus on finding your next car.
Common Question
Can I trade in my current vehicle towards a new one?
Yes, we offer trade-in options to help make your upgrade more affordable. We’ll appraise your current vehicle and apply that value directly towards your new purchase.
Whether you’ve got a car, ute, or SUV – let us know what you’re working with and we’ll help maximise the value.
You’re Not a Number
Do I need a perfect credit score to get approved?
Not at all. At CarPow, we look beyond the numbers. Your story matters — and so does your current situation. We help good people with all types of credit histories.
Backed by CarPow
How fast can I get a car through CarPow?
Once approved, most of our customers are driving their new car within a few days. You get support from our team at every step – from finance to keys in hand.
My Car, My Way
What if I already found a car I love?
Easy – tell us what it is, and we’ll help you check the vehicle and lock in finance. We’re flexible with private sales, dealerships, and nationwide options.
The Drive Fits You
Can I customise my repayments to suit my lifestyle?
Absolutely. Weekly, fortnightly, or monthly – you choose. We’ll build a plan that fits your life, not the other way around.
Discuss Your Car Finance Questions
Got questions about approvals, rates, or deposits? Our team is ready to help.
Yes, we offer car loans for customers with all types of credit, including bad credit. Our team of experts will work with you to find the best loan options available.
Yes, we can help customers with no credit history secure financing. We have programs specifically designed for first-time buyers.
If you have no drivers licence and are looking to make an application for vehicle finance you will need to find a joint or co-borrower to add onto your loan. Due to car loans being secured onto the vehicle for security it means every application needs at least one borrower to be legally able to drive.
If you have previously been bankrupt and since discharged then CarPow can 100% review your application. Bankruptcy is often seen by lenders as a clean slate as it should have cleared away any previous financial debts and commitments. We will check to confirm you have completed the required timeframe as it requires 3 years from start to finish.
Each customer is different and we also work alongside multiple lending providers but a car loan approval can be received as quickly as the same day you apply providing you complete all of the required tasks required for our lending affordability test. If a case requires further information or assessment, then the team at CarPow are on hand to get to work for you instantly.
Interest rates vary depending on several factors, such as credit score, loan term, and vehicle type. Our team will work with you to find the best interest rate available for your unique situation.
Each application is assessed based on both the customers credit score and also their ability to repay the loan. The higher the risk of the loan not being paid back then the higher the interest rate can go. Rates can range from 8.95% upto 28.95% for serious credit issues. If you already have a rate you want us to beat – let us know!
Think of it like this. If we were not confident we could get customers with very bad credit approved why would we say we could? It would waste not just your time but ours too! We are the company to come to for second chance car loans and our team are on hand to ensure your application is only submitted when we think its ready to be approved.
Please complete our user friendly online application form which also includes an electronic authorisation for CarPow to receive your bank statements instantly(alternatively you can download and email). We then just need a clear picture of your drivers licence. Anything else can be confirmed over the telephone should we need it such as any balances on current finance, vehicle registrations etc.
Stock changes every day depending on what our customer’s purchase but we can typically provide each and every popular vehicle in NZ including buying into stock for you. We have storage yards in Auckland, Hamilton and Christchurch to service the whole country. Check out the Vehicles page on this website for more accurate listings.
Yes, we offer trade-in options for customers looking to upgrade their vehicle. Our team will provide an appraisal of your current vehicle and work with you to apply the trade-in value towards your new purchase.
Apply Online
We have tried to keep things as simple as possible and remove unnecessary steps to the process meaning you can complete our application in little than 1 minute. No credit check is done until we have reviewed your affordability and decided the loan looks good for pre-approval. We can then give you a fast decision for your car loan.
Select Vehicle
Once you have idea on how much you are able to lend, you can narrow your search to include only vehicles within your budget. Our vehicle experts will work with you to provide options to consider from reputable dealerships we work with and our own vehicles in stock. You are also able to search our listings in advance too!
Sign And Drive
When you have decided on your dream new car and have signed our digital documents from any mobile device all you need to do is sit back and await our delivery date to your door or work. If you want to collect in person that can be arranged also once your new car has been prepared to the high standard we expect.
