You might have seen other finance providers or car dealers out there making claims such as this, but what does Carpow think? Well to start with we would suggest that anyone making a claim of something being guaranteed is being deliberately misleading. An applicant could have no employment or sufficient income from benefits to cover their own cost of living never mind a vehicle purchase and associated finance payments. All lenders big and small have a responsibility to undertake a reasonable assessment into a customers ability to repay the loan and to ensure it wont put them into financial hardship. For a car loan to be guaranteed with any credit is impossible and so if the customer also has bad credit it certainly is. Carpow would suggest any company making a claim of offering a Bad credit car loan with guaranteed approval is one to avoid. If highlighted to the regulatory body – the commerce commission or FMA – financial markets authority they would very quickly advise the company to change their marketing and advertising.

Yes, obtaining a car loan with bad credit is possible. While traditional lenders might be hesitant, there are specialised lenders and financial institutions that cater to individuals with less-than-perfect credit scores. These lenders understand that financial difficulties can affect anyone and are more willing to consider other factors, such as your income and employment stability, when evaluating your loan application.

To improve your chances of approval, consider making a larger down payment, which can reduce the lender's risk and potentially lower your interest rate. It's also beneficial to have stable employment and a steady income. Some borrowers choose to apply with a cosigner who has a stronger credit profile to enhance their application's attractiveness to lenders.

Instead of searching for bad credit car loans with guaranteed approval, consider other financing options such as credit unions, personal loans, or even saving for a larger down payment to decrease the loan amount needed. Additionally, some dealerships offer "buy here, pay here" financing, though it's important to be cautious of potentially high interest rates and fees. Working on improving your credit score can also open up more favorable loan options in the future.

Yes, we can help customers with no credit history secure financing. We have programs specifically designed for first-time buyers.

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.