Car refinance made simple

Explore vehicle refinance options that could lower cost or shorten your loan term. Get a no-obligation quote.

Start Your Refinance Check

Start Your Refinance Check

Thousands of 5-star reviews
Panel of top NZ lenders
20+ Expert Advisers

Why Refinance Your Car Loan?

A refinance could reshape your repayments or term. Here’s what could be possible.

Lower repayments to fit your budget (if eligible)
Shorten your term to pay it off faster and reduce total interest
Rate stability with a sharper/fixed option (where available)
Restructure—remove/replace a balloon or tidy the schedule
Consolidate debts into one repayment, when appropriate

Savings aren’t guaranteed and refinancing or consolidating can extend the term. Approval subject to responsible lending inquiries. See Important Information below.

Get a no-obligation quote

How Refinancing Works

Tell us about your current loan—just a few minutes online. An MVF adviser compares options across leading NZ lenders and sends you a no-obligation quote so you can decide with confidence. Approval subject to responsible lending inquiries.

What we compare

Personalised rates matched to your credit profile and loan terms. See Loan Information below.
Remaining term vs. a new term that could fit better.
Repayments (weekly/fortnightly/monthly) and cashflow impact.What's right for your budget?
Fees, including any early-repayment costs on your current loan.
Estimated total cost to clear the loan under each option.

Talk to an MVF Adviser

Car Loan Refinance 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

Extending your term lowers each repayment but can increase total interest paid.
Switching loans may involve fees, including current-lender early-repayment costs and any new-loan setup fees.
If consolidating debts, close old cards/accounts—otherwise balances can build up again.
Not all debts can be included in a refinance; lender criteria apply.
We’ll show all fees and trade-offs clearly in a no-obligation quote before you decide.

Like to check your options?

Refinance | Get a no-obligation quote

What You'll Need

We keep it simple and swift - here to help seven days a week.

Getting Started

All it takes is about 3 minutes to complete the online form. For extra speed, you can choose to securely share bank statements; in some cases that lets us return a no-obligation conditional quote in under an hour.

Start my 3-minute check

Next Steps

When you’re ready to proceed, we’ll gather anything missing - typically income verification (bank statements or payslips), proof of address, and ID. Your adviser will keep you posted on what’s next and when - happy to help with any questions.

Talk to an Adviser

Questions, answered

Vehicle refinance FAQs

What’s a no-obligation quote and how do I get one?

Tell us about your current loan (about three minutes). We compare options across NZ lenders and send you a clear quote - rates, fees, terms, and an estimated total cost. You decide if you want to proceed; there’s no obligation.

Approval subject to responsible lending inquiries.

How long does it take?

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

Are there fees to switch?

Possibly. There can be early-repayment costs with your current lender and setup fees on a new loan. We walk through the various costs so you can weigh the trade-offs. See. more about our fees here and lender fees here.

Will my repayments definitely go down?

Not always. Repayments depend on rate, fees and the term you choose. Lower repayments can mean paying more interest overall if the term is longer - your adviser will talk you through the others and impact either way.

Can I roll other debts into the new loan?

Sometimes. Consolidation can simplify things, but total interest may increase if you extend the term. If you do consolidate, closing old accounts matters - otherwise balances can build up again. We’ll include this in your quote.

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.

Refinance & Debt Consolidation: The examples above are general information, not a quote or advice. Refinancing or consolidating may lower repayments but can lengthen the loan term and increase total interest paid. Any savings are not guaranteed and depend on your rate, fees and term. Early-repayment/break fees or other charges may apply to your current loan, and new lender fees and security requirements may apply. We recommend comparing total cost (including any break fees) before proceeding. Terms and availability vary by borrower profile and lender policy.