*For more information on the Government’s Clean Car program fees & rebates, please click here.

FINANCE

Ebbett Finance is an online vehicle finance application that is simple and straightforward to use and can give you a decision on your finance in minutes*.

Use our finance calculator to create a deal you’re happy with. Credit checks are carried out in the background so you can receive a decision online, saving you a lot of time and allowing you to arrange the deal that suits you best.

*Ebbett Finance is provided by Heartland Bank Limited. Heartland’s responsible lending criteria, fees, T&Cs apply.

Other Finance Providers

We offer finance from a number of other providers to ensure you receive the best value. If you would prefer to use another provider please speak to our Business Managers

Apply for consumer financeApply for Business finance

FAQ

AML Rules

What finance institute (s) do you use?

Ebbett Finance is provided by Heartland Bank Limited to all Ebbett customers. We also have great working relationships with well-known finance institutions including United Dominions Corporation (UDC) and European Financial Services Limited (EFS & EAF).

One of the key benefits of financing your new car with one of our dealers is that we work for you to place your car loan with the most suitable finance institution. Our Business Manager will work on your behalf to get you the best rates and the best terms for your car loan.

How long will it take for my loan application to be approved?

Ebbett Finance allows you to get instant conditional approval within minutes of applying. If you make use of other finance options, we’ll try and get your loan approved within a few hours, during business hours only. If you have made your application outside of business hours, we’ll let you know if your loan has been approved on the next working day (once we have all the information we need).

Can I get a loan approval before I’ve found the car that I want?

Yes – plenty of our customers like to know how much they can borrow before they choose their new car. You apply for the loan as normal and, if approved, you’ll have pre-approval to select your new car.

Can I change the amount of my loan after it is approved?

Yes - If you want to increase the amount, it simply needs to be approved by us (you won’t need to fill in another loan application).

What interest rates do you charge?

Our interest rates are competitive and vary depending on the amount borrowed, the loan term, and your credit history.

How long is the loan term?

Our terms are flexible with a minimum of six months and a maximum of five years. We work with you to structure your payments to suit your preferred repayment schedule.

What is the minimum loan amount?

Generally our minimum loan amount is $5,000. However in certain circumstances you may be able to apply for a smaller car loan.

How old do I need to be to apply for finance?

You need to be at least 18 years of age.

Do I require a driver’s licence to apply for finance?

Yes, the minimum driver’s licence we require is a restricted licence.

Can I apply for finance if I have no credit history?

You may not need to have any previous credit history to get a loan approved; however, you may be asked to provide a suitable guarantor for your loan.

If I have bad credit, can I still apply for finance?

Yes, apply for a loan with us and we’ll recommend the most appropriate lender to make your application with. The lender may ask for additional security and/or a guarantor.

What is the security for my loan?

The security will be the car you’ve purchased, although you may be asked for additional security and/or a guarantor.

Can I pay my loan off before the end of the term?

Yes, although you may be charged an early settlement fee. The fees and interest charged differ between lenders and are set out clearly in the loan documentation.

Can I make additional payments or change my repayment amounts during the loan term?

Yes, although you may be charged an early settlement fee. The fees and interest charged differ between lenders and are set out clearly in the loan documentation.

What is a guarantor?

A guarantor is someone who “guarantees” your loan or credit contract i.e. if you can’t or won’t repay the debt then the guarantor will do so.

Is there a loan establishments fee?

Yes. The loan establishment fee varies from lender to lender but in most cases is less than $500.

Do I need a deposit?

No. In many cases you will not be required to have a deposit. If you have a good credit history and are in stable full time employment there is a good chance a deposit will not be required. If a deposit is required, this could be satisfied either by a cash deposit or a trade-in vehicle.

Where do I sign the finance documents?

Most of our customers find it easiest to sign the documents on site at the dealership they chose, however if you prefer our Business Manager will come and see you at a time and place that suits you.

How do I make loan payments?

You can make payment by direct debit, or by automatic payment.

Do you have to have a guarantor for a business lease/agreement?

In most cases a private individual will be required to go guarantor for a business who is leasing a car.

What is AML and how does it affect me?

The Anti Money Laundering and countering financing of Terrorism act (2009) “AML” came into effect in June 2013.

As a result of the changes, all finance companies, banks and credit unions are now required to collect more customer information. Regardless of which lender we place your car loan with we will be required to collect this information on behalf of the lender.

If you are applying for a car loan to finance your new car, you may be affected by AML. Operating leases are exempt from AML rules. The nature of the information we are required to gather and how it is verified and confirmed varies between entities.

Persons required to provide information

  • All authorised Directors and personnel and all Shareholders with greater than a 25% shareholding.

Original or certified copies of:

  • One form of primary photo ID (refer list A for acceptable forms of ID); or two forms of non-photo ID , one from list B and a further from either list B or C
  • Date of birth

Must also confirm:

  • Country of domicile
  • Citizenship; and
  • Proof of address (i.e. utility bill, bank statement)

Trust requirements

Persons required to provide information

  • All Trustees and settlors (note also that any trustees that are companies will need to provide details as per the Limited liability companies section above).

Original or certified copies of:

  • One form of primary photo ID (refer list A for acceptable forms of ID); or two forms of non-photo ID , one from list B and a further from either list B or C.
  • Date of birth

Must also confirm:

  • Copy of trust deed
  • Full name and date of birth of all trust beneficiaries if 10 or less.
  • Proof of address (i.e. utility bill, bank statement)

Private individuals, sole traders and partnership requirements

Persons required to provide information

  • All individuals, and for partnerships any partner with greater than 25% ownership.

Original or certified copies of:

  • One form of primary photo ID (refer list A for acceptable forms of ID); or two forms of non-photo ID , one from list B and a further from either list B or C.
  • Date of birth
  • Partnership agreement (where there is one)

Must also confirm:

  • Country of birth
  • Citizenship
  • Office address (if applicable for sole trader and partnerships)
  • Proof of address (i.e. utility bill, bank statement)

Certifying your information

Certifying your information in dealership

  • Any original ID or required document can we sighted, copied and certified by our Business Manager.

Acceptable referees for ID certification

  • Alternatively your original ID can be certified by a third party (away from the dealership) by a:
  • Justice of the peace
  • Registered teacher
  • Member of the NZ police
  • Registered medical doctor
  • Minister of religion
  • Lawyer
  • Member of parliament
  • Chartered accountant

The person who certifies your documents cannot be a relative, member of your extended family group, a spouse or partner or live at the same address. They must be in no position to benefit from the financial transaction. On the front of the certified copy of the ID you must have: Certifier’s Name, Occupation, Phone Number, Date of Certification and the following signed statement: “I certify that this is a true copy of the original ID sighted by me. If the original contained a photograph of the applicant then I have used that to verify their identity.”

Electronic ID check

  • Individuals can also opt for a Veda Identity Plus ID check by completing the Veda Section a consent form provided by our Business Manager.

Identification requirements

List A – Acceptable photographic identity documents:

  • A current New Zealand photographic driver licence which will be passed through external driver licence verification
    Passport
  • NZ firearms licence
  • These must be current and contain the individual’s name, date of birth, photograph and signature.

List B – Acceptable non-photographic identity document:

  • NZ bank issued document e.g. credit card, EFTPOS card, etc.
  • NZ bank statement
  • NZ Government issued document e.g. Supergold card
  • A financial statement issued by NZ Government e.g. IRD statement
  • New Zealand full birth certificate
  • Certificate of New Zealand citizenship
  • Citizenship certificate issued by foreign government
  • NZ Community services card
  • National identity card issued by a foreign government
  • NZ temporary driver licence
  • These must be current or, in the case of financial statements, less than 12 months old.

List C – Acceptable secondary photographic identity document:

  • Overseas driver licence
  • 18+ Card
  • Valid and current international driver permit
  • These must be current and contain the individual’s name, date of birth, photograph and signature.

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