To be eligible, you have to be at least 18 years old, be a New Zealand citizen or a permanent resident, and earn at least $500 per month. If you’re eligible, you’ll need to apply for a quote by entering your personal details and some info about the car you’re wanting to buy on Simplify’s website. After you’ve received your quote, someone from Simplify will get in touch with you and inform you about which documents you’ll need to provide for the application process.
Simplify gives you an alternative to buying a car which involves a long-term commitment. If you’re only going to be using the car for a short period of time, say 3 to 12 months, you can apply for a car subscription instead. You can pick a car on a 3, 6 or 12 month plan and use it for a fixed weekly subscription fee.
Aside from being completely transparent about their fees, Simplify’s car loans help Kiwis avoid debt consolidation (which involves combining all your debts into a single loan). While lower repayments and rates may seem like a good deal you may end up paying more over an extended period of time. Simplify don’t consolidate your debts; instead, they make sure that you’ll make the right payments on time, so that your debts won’t pile up.