Many financial institutions provide car loans, even if the potential borrower has a bad credit rating. Aside from credit rating, they’ll look into other aspects such as your income and current employment. In Hamilton, there are plenty of companies that approve car loans for Kiwis with bad credit ratings such as VehicleLoans and CarPow, among others.
Hamilton have an array of providers that offer cheap car loan rates, as they want to be more accommodating to the needs of various Kiwis. With Hamilton being a commercial and cultural centre, providers offer cheap rates to get ahead in their competition. For a list of companies with the cheapest rates on car loans, head on over to our providers page.
When you have a secured car loan and your new car is used as the security, you can’t use the same loan to buy another car. However, some financial institutions that offer unsecured car loans will allow you to buy multiple cars with the same loan, but under one payment scheme. Remember that lenders might turn down your application due to a bad credit. Car Loans in Hamilton offers affordable auto loan deals that can match your budget. Contact your agent for details.