Car loans - This week's changes are in bold


If you have a home mortgage and are within a few years of paying it off, you should seriously consider adding to your first mortgage to fund a car or boat purchase.

The next option is to consider a Revolving Credit line. This is a loan facility you can draw up and pay down in a flexible manner, secured by a mortgage on your property.

If real estate security is not available to you, the following options need to be considered ...

A A ( via Marac )	Car Loan	Homeowners	AA members, from	13.45
			non-members, from	13.95
		Renters	AA members, from	14.75
			non-members, from	15.25
		Flatters/Boarders	AA members, from	15.75
			non-members, from	16.25
A N Z	Car Loan by UDC	Secured	$5,000 to $20,000	16.95
		Secured	$20,000 and above	15.95
ASB Bank	Personal Loan	Secured		14.95
		Unsecured		17.95
Ashburton Finance	Personal Loan	Secured		15.00

CBS Canterbury	Car or Boat	Chattel Loan	up to $20,000	15.00
			$20,000 or more	12.00
Basecorp Finance	Personal Loan	Secured	$1,000 - from	16.00
BNZ	Personal Loan	Unsecured		17.95
Credit Union Akld	Personal Loan	Secured		12.00
Credit Union Central	Vehicle Loan			15.00
Credit Union Baywide	Vehicle Loan		Car up to 5yrs old	17.00
			Car 5-10yrs old	18.00
Financial Holdings	Vehicle Loan	Secured	under $5,000, from	19.75
			$5 - $10,000, from	17.75
			$10 - $25,000, from	15.95
Finance Direct	Car / Boat Loans		under $8,000	14.75
			$8,000 - $15,000	13.75
			$15,000 - $25,000	12.95
			over $25,000	12.50
Finance Now	Personal Loan		from	13.95
Holden	Car Loan			4.90
John Deere Credit	Tractors	Secured	Hire Purchase	4.75
Kiwibank	Vehicle loan		$5,000 from	14.25
			$10,000 from	13.75
			$20,000 from	13.50
Mutual Credit Finance	Cars, Boats	Secured	$3,000 and above	16.50
Mutual Finance		Secured	from ...	17.00

National Bank	Personal Loan	Secured		17.95
	Freestyle	MasterCard		16.50
NZLoan	Hire Purchase	Car	from ...	13.50
		Boat	from ...	13.50
Panda Finance	Car or Boat Loan	Car/Boat as security	over $2000 from	12.50
Police Credit Union		Unsecured	up to $10,000	14.25
PSIS	Vehicla Loan	Secured	< 5 yrs	14.00

Southern Finance	Car loan			21.00
TradeMe	Car Loan		from ...	12.95
Toyota Finance	Car loan	Signature Class	floating	8.75

UDC	Car Loan	Standard	$5,000 to $20,000	16.95
			over $20,000	15.95
Westpac	Personal Loan	Secured		13.65


Other specialist providers of car/boat finance include companies who provide finance through dealers:

Motor Trade Finance	Finance Agreement
UDC	Finance Agreement
South Island Vehicle Finance	Finance Agreement
GMAC	Finance Agreement
FordCredit	Finance Agreement
Toyota Financial Services	Finance Agreement


Note: All rates before fees and charges. Indicative only. These rates are not necessarily the Finance Rate. Check with institution before signing up. Also check the Consumer Guide.