Car Loan

While you focus on getting the right car, we will focus on getting you the right finance.

Whether you’re interested in purchasing a used or new car for yourself or a fleet of vehicles through your business, XCEDA’s team are well equipped to help you find the car finance that’s right for you.

  • Competitive interest rates
  • Fixed terms from six months up to three years
  • Affordable repayments
  • No deposit car loans available

Car loans generally use the car you're purchasing as collateral to secure the loan, though another car owned by you or a guarantor can also be used if your car doesn't quite fit the criteria.  Not sure? No problem - give us a call on 0800 11 22 74 to find out!

For Xceda’s standard Loan Fees, Terms and Conditions please click here. Interest rates vary from 17.95% p.a. to 29.85% p.a. depending on a number of factors including: the security provided, credit history, serviceability and any existing loan payment history with Xceda Finance.

Loan Criteria includes:

When determining if your car might be suitable as security against your loan a good rule of thumb is we generally look at vehicles that are:

  • Up to 15 years old
  • In good condition
  • Currently warranted (WOF) and registered, or will become warranted and registered as part of the loan
Home or Land

If for some reason we can't use the vehicle you are buying, you can also use your Home or Land as security. There just has to be a big enough difference between what its worth and what you owe the bank.

Credit History

Credit history is just one of many factors we assess when reviewing a loan application.

However, we do understand that most people go through a difficult patch at some stage in their life such as sickness or a relationship breakup, and for many this can affect their credit rating. So when looking at any bad or adverse credit history, we pay particular attention to how a person dealt with it, how long ago it happened and to what extent it was a problem.

Affordability and Stability

As a Responsible Lender, we consider your capacity to meet the loan repayments.

Depending on the repayment amount and your income sources, this may require us getting information about your income and expenses.

We also consider your job and living history to determine whether your capacity to meet the repayments is likely to change during the term of the loan.


In some cases, particularly where there is recent or unexplained bad credit, we may suggest a guarantor to provide additional security.

There has been some changes to Consumer Lending in New Zealand which means it may take you longer when you borrow. To find out more about these changes and how they will effect you, please check out the resources on Financial Services Federations website.

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Talk to us today

Contact one of our friendly team members to get started!

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