No deposit car finance lets you borrow the full price of the car in New Zealand, with no money down — possible with AutoDrive depending on your credit and the vehicle. This page is straight about who qualifies and what it costs. For the basics, see our car loans page.

Can I get a car loan with no deposit in NZ?

Yes, in many cases — AutoDrive can finance the full purchase price where your income and credit support it, though a deposit always strengthens an application.

How does no-deposit car finance work and what does it cost?

You borrow 100% of the price, so the loan and the total interest are larger than if you'd put money down, and the rate may sit slightly higher to reflect the added risk.

When does a deposit still help?

Even a small deposit lowers the amount borrowed, can reduce your rate, and cuts total interest — see how rates move in our guide to car loan interest rates in NZ.

Can I get no-deposit finance if my credit isn't perfect?

It's harder without a deposit, but possible for rebuilding borrowers with defaults up to $2,500 and steady income — though not if you're bankrupt or if WINZ is your main income. See our second chance car finance options.

How does security work without a deposit?

The car itself secures the loan, which is why a secured no-deposit car loan is more achievable than unsecured borrowing — see our guide to secured vs unsecured car loans.

What do I need to apply?

Proof of income
Valid NZ ID
Last 90 days of bank statements
Vehicle details

How do I apply with AutoDrive?

Apply online — Alfie checks your affordability under the CCCFA. Estimate first on our car loan calculator. Alfie is an AI assistant and can make mistakes — the final lending decision is made by the lender. See how it works or private sale car finance if you're buying privately.

No Deposit Car Finance in NZ — Finance the Full Purchase Price