COVID-19 current update: We are able to assist across all levels of lockdown nationwide due to the nature of our business being 100% online. Our brokers and lenders are working remotely to provide faster and smarter finance options.

7* Year Vehicle Loans

*vehicles under 10 years old & above $20,000

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Choose Smarter Car Insurance,Choose Kiwi Car Loans!

Short Fall Insurance

Also known as Shortfall Insurance, this is another popular and relatively cheap form of valuable cover.

Problem

Your car or boat has been written off, either stolen or damaged beyond repair. Your comprehensive insurer pays the market or agreed value, but another $3,300 “gap” is needed to pay out your loan.

Solution

GAP insurance could save you from a huge financial burden. Cover is provided for ‘the gap’ up to $10,000. And the option of extra cover for any additional costs due to the inconvenience of the total loss, such as registration & insurance costs for the replacement vehicle.

Why does the ‘gap’ occur?

Several factors are involved:

  • borrowing to pay for various costs associated with buying a car such as registration, stamp duty
  • comprehensive insurance premium
  • consumer credit insurance premium
  • no deposit or trade-in at purchase
  • depreciation of the value falling faster than the loan

The market value of the vehicle is assessed by the insurers holding your Comprehensive Insurance at the time of the claim. If the amount they agree to pay is less than the balance outstanding on the loan then that difference is the gap.

How long is there a ‘gap’?

Generally, your maximum exposure to ‘the gap’ will occur from the day you take delivery to perhaps the end of the second or third year of the loan and depends upon the term of your loan.

Do I have to pay a premium every year?

No, you pay one premium, once only and you are covered for the duration of your loan.

Frequently Asked Questions

How long does a quote take?

Quotes can be given by our fully trained staff within 5 minutes.

What insurance companies do you offer?

Protecta, Autosure, Mainstream & Marac.

What level of insurance is required for a secured loan?

Comprehensive Insurance.

How long does my insurance policy run for?

Comprehensive Car Insurance runs for a maximum of 12 months.

What is Market Value?

Market Value is the reasonable cost to replace your vehicle with one of the same make, model, age and condition at the time it's stolen or damaged. It doesn't include any allowance for warranty, stamp duty, transfer costs or dealer profit.

How do I pay for my policy?

You can pay for you Car Insurance premiums annually or by the month (a fee may apply to pay by the month).

What our customers say about us

It was the first time I have used kiwicarloans and I was very impressed with the experience. Sharon Gilmour was my loan broker and she was the BEST. So friendly, helpful and efficient. Thanks to her advice I have a car that I love. I would definitely recommend this company to anyone looking for finance. Thanks, Sharon.

Sharon Williams

Kiwi car loans are awsome i would like to say thank you to rachael and the team for making things so easy for me and they were great to deal with i would recommend them to anybody once again thanks heaps.

Lorne Thompson

Rachael is soo amazing.. She got everything done so quickly.. She was very friendly and easy to deal with. Thank You so much Rachael. Will definitely recommend you

Shanel Reddy

Ben and Rachael are the best finance broker i've never see in my life, Rachael is lovely friendly lady help us a lot. easy understand and high efficiency communicate. highly recommend to anyone who needs car finance.

YuLong Ning

Great service from these guys! Shweta is very prompt and professional and made sure everything was processed smoothly. She even went on holiday close to contract being signed and made sure that there were people to cover. Would use these guys again for sure!

Dave Willingham

Have had the out most amazing service for Jannine. She definitely worked very hard to help us get where we needed to be and with what we wanted!!! I would 110% recommend her and I will definitely be a return customer.

Hope Toon
KCL 9th year anniversary

We work all days of the week to make sure smarter finance is made available to our customers on all days, including weekends! Call us to find out more and why we have over 20,000 happy customers.

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* Interest rate is indicative range only.

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9.95%

6.95% 19.95%

$26,952 Apply Now

* Interest rate is indicative range only.