No Deposit Car Finance NZ
No deposit, eyes open.
Financing the full price is common and perfectly workable. It also costs more, and you deserve to see how much more before you sign, not after.
The straight trade-off
No deposit means borrowing the whole price, so there is more principal, more interest, and a bigger total payable. Not a reason to avoid it, a reason to see the number.
- ✓Finance up to the full purchase price, where affordability allows
- ✓The extra cost of $0 down shown in the total payable1
- ✓A trade-in counts as a deposit, even a rough one
- ✓An honest comparison against waiting one month and saving one
Your offer, in full
Example1- Borrowed
- $20,000
- Establishment fee
- $240
- Rate, fixed
- 12.50% p.a.
- Term
- 4 years
- Fortnightly repayment
- $248
- Interest and fees
- $5,792
- Total payable
- $25,792
Example only, 14 October 2026. Your rate and fees depend on your credit file and the lender's offer.1
How a loan with BorrowClub works
Apply once, online
About ten minutes, one question at a time. We only ask for what a lender needs to price you properly.
Compare real offers
Rate, fees, repayment and total payable, side by side, with your adviser on the phone if you want them.
Pick, sign, get paid out
Your lender pays the money out directly, usually to your bank account.
Questions? We've got answers
How much more does no-deposit finance cost?
It scales with the amount: every extra thousand borrowed is a thousand accruing interest for the whole term. Your offer shows the total payable, so you can compare $0 down against putting in even a small deposit and see the real gap in dollars.
Does my trade-in count as a deposit?
Yes. Whatever the old car brings, trade or private sale, comes straight off the amount financed. A tired car worth two thousand dollars is still two thousand dollars less accruing interest for five years.
Will checking my rate affect my credit score?
No. Checking your rate with BorrowClub does not affect your credit score.2 A hard enquiry only happens if you choose an offer and ask the lender to proceed.
Visit the guides library for the longer answers.