No Deposit & Second Chance Car Finance

Need a car but have no deposit or imperfect credit? Compare options from NZ lenders with a no-obligation quote.

Start Your Finance Check

Start Your Finance Check

Thousands of Five-Star Reviews
Options for All Sorts of Credit Histories
No Deposit Options Available

Finance Solutions for More Kiwis

From no deposit to past credit challenges, we’ll help you explore what’s possible.

No deposit available – apply for finance without the need for upfront savings.
Credit history challenges – we look at your current situation, not just your past.
Bank said no – explore other lender options that may say yes.
Urgent need – get on the road quickly for work, family, or other commitments..
Replacing an unreliable vehicle – move to something safe and dependable.

Approval subject to responsible lending inquiries. See Loan Information below.

Get a no-obligation quote

Getting Finance With No Deposit or Past Credit Challenges

Tell us about your situation and the vehicle you want — whether you have no deposit or need another chance due to your credit history. Our advisers know real life is not always perfect and are easy to talk to, with clear answers and quick updates. The online form takes just a few minutes, and we will compare options from NZ lenders before coming back with a no-obligation quote you can review.

What We Compare

Lender options that may accept no deposit applications.
Choices from lenders experienced with a wide range of credit histories.
Repayment amounts and schedules that work for your budget.
Any fees, including setup or early repayment costs.
Estimated total cost under each option.

Talk to an MVF Adviser

NO DEPOSIT & SECOND CHANCE FINANCE CALCULATOR

Work Out 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.

Why People Choose Us

Thousands of five-star reviews from Kiwis we have helped into vehicles.
Proven track record helping Kiwis with all kinds of credit histories.
Access to multiple NZ lenders, giving you more options to find the right fit.
Friendly advisers who listen, understand, and keep things simple.
Clear, upfront information so you can decide with confidence..

Finance | Get a no-obligation quote

What You'll Need

Getting started is simple — even with no deposit or past credit challenges.

Getting Started

The form takes about 3 minutes to complete. You can securely share bank statements for faster turnaround; in some cases we can return a conditional quote in under an hour.

Start my 3-minute check

Moving Forward

When you’re ready to proceed, we’ll gather the remaining basics — usually proof of income, proof of address, and ID. Your adviser will let you know exactly what’s needed and make sure the process is straightforward from start to finish.

Talk to an Adviser

FAQs

Your No Deposit & Second Chance Finance Questions, Answered

Can I apply if I’ve been declined before?

Yes — we work with a wide range of lenders, so a past decline does not necessarily mean you won’t be eligible now.

Approval subject to responsible lending inquiries.

Can I get finance with no deposit?

Yes — some lenders offer no deposit options, subject to eligibility.

Can I apply if I have bad credit?

Yes — we consider applications from all kinds of credit histories and focus on your current situation.

How fast can I get approved?

Timing varies—but if we’ve got everything, some approvals come through the same day. Approval is subject to lender criteria and affordability checks.

Do I need to buy from a dealer?

No — we work with both dealer and private sales, as long as the vehicle meets lender criteria.

Will applying affect my credit score?

When you start an application, we run a soft credit inquiry to size up your options. Soft inquiries don’t change your credit score. If you proceed with a lender, the lender will run a full credit check, which creates a credit inquiry on your file and may affect your score. Applying with multiple providers may lead to multiple inquiries.

What documents will I need?

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

Loan 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.