You are Dealing with:
Vehicle Sales & Finance Ltd
Postal Address:
P.O. Box 208
Paraparaumu
New Zealand
Physical Address:
169 Rimu Road,
Paraparaumu, 5032
New Zealand
They include:
1. Credit fees
2. Default fees
3. Annual rates of interest
4. Default rates of interest
5. Any other fees as specified in the Disclosure document
All the above elements of your loan are disclosed to you prior to signing any loan documents – this is known as initial disclosure.
Continuing disclosure – we will provide you with a statement every 6 months if the terms of your contract change. However if you are paying a fixed weekly amount and this amount is known to you as the borrower, then no statement will be issued unless you specifically request this.
From time to time we may adjust arrears to the end of your loan. This is normally done when you have missed a payment and have made a payment arrangement with us.
In each of our contracts there is a provision for you to cancel. Such cancellation must be received in writing to sue@vehiclesalesfinance.co.nz within 7 days of delivery of your vehicle.
Cancellation will not be permitted if the vehicle is not in the same condition that it was supplied in, i.e. if the vehicle has been damaged or there are mechanical issues which have been caused through your neglect.
Default interest – this applies to the amount that you are in default. Not the whole balance of your loan. Our default interest rate will be specified in the loan agreement but it is in the vicinity of 36%
Interest rates – our interest rate is detailed on each contract and will be in the vicinity of 27.9%.
Alterations to our interest rates will be published on this website from time to time.
Please click here to see our Disclosure Statement Template.
Supporting documents:
Please remember to email sue@vehiclesalesfinance.co.nz with your supporting documents. The supporting documents required are:
- Copy of full application (to be completed)
- Copy of your two latest payslips
- and/or copy of your WINZ breakdown
- Proof of address, i.e. your phone bill or your power bill – If you are in a Housing Corp home we prefer the front page of your tenancy agreement as proof of address
- Latest 30 days of bank statements
- Copy of your driver’s license and or your passport (we must have photo ID)
- Employment details (if applicable)
We try to make the process easy, but at the same time we are mindful that your budget has to allow for the costs of running and maintaining the vehicle that we supply, not just the weekly loan repayment. All vehicles must be insured, we are able to arrange cover in most instances.
Furthermore we acknowledge that your circumstances may change from time to time so please keep us updated on changes that may affect your ability to service your loan with us. If things are becoming difficult for you to make your payments we would rather that you contact us and make a payment arrangement than not – which may lead to repossession of your vehicle.
Company number 3894416
Our FSP number is FSP 435546
Our Disputes Resolution Service is FSCL – our number is FSCL – 954
Our Motor Trade number is M304072
Our email address is sue@vehiclesalesfinance.co.nz
Our standard terms and cost of borrowing are set out in all contracts.
