Pre-Approval Car Finance Options

Know your budget before you shop. Pre-approval helps you compare, negotiate, and buy with cash-buyer confidence.

Start Your Pre-Approval Check

Start Your Pre-Approval Check

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Panel of top NZ lenders
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How Pre-Approval Can Help

Pre-approval gives you the clarity and confidence to shop smarter. Here’s how it helps:

Know your budget – understand what you can spend before you step into a dealership or meet a private seller.
Shop like a cash buyer – negotiate with confidence and stronger buying power.
No more guesswork – avoid the stress of not knowing what you can afford.
Faster process – get paperwork sorted early so you can focus on choosing the right car.
Be prepared – walk into the dealership (or private sale) ready, not wondering.
Backed by choice – we compare lenders to find the right pre-approval option for you.

Get a no-obligation quote

How Refinancing Works

Share a little about your situation and the car you have in mind. The form takes just a few minutes. Our advisers will keep things simple with clear answers and quick updates, then compare options from leading NZ lenders and send you a no-obligation pre-approval so you can shop with confidence.

What we compare

Pre-approval options from multiple NZ lenders.
Loan amounts that match your budget.
Repayment options that fit your circumstances.
Any fees or conditions that apply.
The estimated total cost of the loan.

Talk to an MVF Adviser

Car Loan Pre-Approval Calculator

Check potential repayments and total cost (estimate only).

$15,000

$5,000

$50,000

48 months

12 months

60 months

9.95%

rate 7.95%

rate 29.95%

Weekly Repayments

$91

Monthly Repayments

$393

Total Amount Repayable

$18,864

The repayment amounts shown include Establishment and Introducer fees totalling $495 and a PPSR Fee of $8.05. These fees are examples only and they exclude ongoing fees. The actual fees charged may vary based on your circumstances and the chosen lender.

Find out more about fees here.

Things to Consider

Pre-approval gives you a budget, but the final offer depends on the lender’s full assessment.
Most pre-approvals are valid for a set period (often around 30 days).
If the car you choose is outside your pre-approved budget, the application may need to be reassessed.
Pre-approval is not a guarantee — but it can give you stronger bargaining power when you shop.
Your pre-approval may need updating if your circumstances change before purchase.

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Steps to Get Started

The pre-approval process is straightforward, and we will guide you step by step.

Getting Started

Complete the quick 3-minute form. You can securely share bank statements for faster turnaround — in some cases we can return a conditional pre-approval in under an hour.

Start my 3-minute check

Next Steps

When you are ready to proceed, we’ll confirm details such as proof of income, proof of address, and ID. Your adviser will keep you updated and answer any questions along the way.

Talk to an Adviser

Questions, answered

Pre-Approval Finance FAQs

What is pre-approval?

It’s a conditional offer from a lender that shows how much you can borrow before you shop.

Why should I get pre-approved?

It helps you know your budget, shop with confidence, and negotiate like a cash buyer.

How long does pre-approval last?

Most pre-approvals are valid for a set period (often around 30 days) — we’ll confirm the timeframe with you.

Can I still apply without a car in mind?

Yes — pre-approval is designed to give you a budget before you start shopping.

How fast can I get pre-approved?

Many applications are processed the same or next business day once we have all the required details.

What documents will I need?

Typically ID, proof of income, and proof of address — your adviser will confirm exactly what’s required.

Important Information

Fixed interest rates for vehicle loans range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and the lender. Approval is subject to meeting lending criteria, and affordability test applies. The lender will independently assess whether you are eligible for a loan. Same day payout is subject to meeting the above conditions and completing loan documentation by 12pm.

Fees apply, including an Establishment Fee of up to $350 and an Introducer Fee of up to $995. Also, lenders may charge a PPSR fee of between $0 and $14. For example: On a loan of $5,000 over 12 months at 10.95% p.a. with Establishment and Introducer fees totalling $495 and a PPSR Fee of $7.39, the total amount to repay is $5,835.93 which is 12 monthly payments of $486.34. Those amounts don’t include ongoing fees, such as Service Fees, charged by the lender. You can find full fee information in the loan contract. We recommend that you check the fees before accepting the loan offer. View more information about lender fees here.