Skip to content

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
Vehicle Loans
Vehicle Loans
Start Your Finance Check
  • Thousands of Five-Star Reviews
    Thousands of Five-Star Reviews
  • Options for All Sorts of Credit Histories
    Options for All Sorts of Credit Histories
  • No Deposit Options Available
    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.
Get a no-obligation quote
Car Refinance

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 leading NZ lenders before coming back with a no-obligation quote you can review in your own time.

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.

Image (13)

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 mean you won’t be eligible now.

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?

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

Approval is subject to meeting lending criteria, and affordability test applies.

 

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?

We only run a credit check with your consent and explain what it means before you apply.

What documents will I need?

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